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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities:      
Net income $ 222,198 $ 225,355 $ 163,133
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 62,107 62,997 64,017
Stock-based compensation expense 19,062 16,445 14,809
Other Operating Activities, Cash Flow Statement (11,175) (3,652) 25
Interest related to uncertain tax positions 800 200 100
Deferred income taxes 13,205 9,137 (50,396)
Changes in assets and liabilities      
Increase (Decrease) in Accounts Receivable 11,453 (22,934) (112,977)
Inventories, net (47,297) (8,702) (119,002)
Increase (Decrease) in Other Operating Assets (28,785) (4,239) (2,829)
Accounts payable (23,505) (9,193) (102,870)
Accrued payroll and benefit costs (39,081) 18,777 24,679
Other current and noncurrent liabilities (825) (5,656) 64,793
Net cash provided by operating activities 224,367 296,721 149,122
Investing Activities:      
Capital expenditures (44,067) (36,210) (21,507)
Acquisition payments, net of cash acquired (27,597) 0 0
Proceeds from sale of assets 16,795 12,461 6,766
Payments for (Proceeds from) Other Investing Activities (5,931) (10,393) 9,446
Net cash used in investing activities (60,800) (34,142) (5,295)
Financing Activities:      
Proceeds from (Repayments of) Short-term Debt (29,780) (1,454) 11,789
Proceeds from issuance of long-term debt 1,305,421 1,193,067 1,504,636
Repayments of long-term debt (1,217,434) (1,318,470) (1,556,636)
Repurchase of common stock (153,049) (127,169) (106,792)
Payment for Contingent Consideration Liability, Financing Activities (11,401) 0 0
Increase (Decrease) in Book Overdrafts 204 (19,857) 8,199
Proceeds from (Payments for) Other Financing Activities 3,727 1,211 2,392
Net cash provided (used) by financing activities (109,766) (275,094) (141,196)
Effect of exchange rate on cash and cash equivalents 758 (9,095) 5,191
Net change in cash and cash equivalents 54,559 (21,610) 7,822
Cash and cash equivalents at the beginning of period 96,343 117,953 110,131
Cash and cash equivalents at the end of period 150,902 96,343 117,953
Supplemental disclosures:      
Interest Paid, Excluding Capitalized Interest, Operating Activities 65,275 64,702 63,795
Cash paid for taxes 64,531 61,983 65,117
Non-cash investing and financing activities:      
Payments to Acquire Equipment on Lease $ 1,341 $ 437 $ 552