XML 52 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Consolidated Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Oct. 31, 2011
Oct. 31, 2010
OPERATING ACTIVITIES    
Net income $ 238,770 $ 252,607
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 55,796 56,646
Depreciation - restructuring and merger and integration 23,127 21,440
Amortization 40,794 36,998
Share-based compensation expense 12,554 12,268
Other noncash restructuring charges 1,769 5,367
Loss on sale of assets - net 2,726 1,027
Loss on sale of business 11,287 0
Changes in assets and liabilities, net of effect from business acquired:    
Trade receivables (106,362) (177,018)
Inventories (272,613) (167,945)
Accounts payable and accrued items 71,133 95,208
Proceeds from settlement of interest rate swaps - net 17,718 0
Defined benefit pension contributions (4,496) (12,312)
Accrued and prepaid income taxes (33,069) (105,166)
Other - net 800 426
Net cash provided by operating activities 59,934 19,546
INVESTING ACTIVITIES    
Business acquired, net of cash acquired (362,846) 0
Additions to property, plant, and equipment (135,707) (62,073)
Proceeds from sale of business 9,268 0
Sale and maturity of marketable securities 18,600 9,000
Purchases of marketable securities 0 (57,037)
Proceeds from disposal of property, plant, and equipment 903 339
Other - net (2,250) 11
Net cash used for investing activities (472,032) (109,760)
FINANCING ACTIVITIES    
Repayments of long-term debt 0 (10,000)
Proceeds from long-term debt - net 748,560 400,000
Quarterly dividends paid (104,825) (95,333)
Purchase of treasury shares (44,592) (5,147)
Proceeds from stock option exercises 518 2,100
Other - net (5,101) 2,476
Net cash provided by financing activities 594,560 294,096
Effect of exchange rate changes (6,019) 11
Net increase in cash and cash equivalents 176,443 203,893
Cash and cash equivalents at beginning of period 319,845 283,570
Cash and cash equivalents at end of period $ 496,288 $ 487,463