XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net income $ 136,541 $ 148,254
Adjustments to reconcile net income to net cash used for operating activities:    
Depreciation and amortization 111,946 98,584
Noncash compensation 34,233 33,001
Noncash income from financial services (15,465) (14,626)
Deferred income taxes (5,903) (1,704)
Impairment charges 0 20,249
Other, net 1,061 (8,262)
Changes in operating assets and liabilities:    
Trade receivables (26,941) 5,326
Inventories (159,090) (146,661)
Accounts payable 72,049 45,835
Accrued expenses 18,950 (35,693)
Income taxes payable/receivable 30,773 19,828
Prepaid expenses and others, net 4,698 1,018
Net cash provided by operating activities 202,852 165,149
Investing Activities:    
Purchase of property and equipment (137,203) (104,569)
Investment in finance affiliate, net 10,221 10,436
Investment in other affiliates, net 0 7,366
Acquisition of businesses, net of cash acquired (1,800) 0
Net cash used for investing activities (128,782) (86,767)
Financing Activities:    
Borrowings under debt arrangements / finance lease obligations 1,788,696 1,511,810
Repayments under debt arrangements / finance lease obligations (1,853,507) (1,310,863)
Repurchase and retirement of common shares (6,537) (192,367)
Cash dividends to shareholders (74,430) (75,694)
Proceeds from stock issuances under employee plans 6,213 43,448
Net cash used for financing activities (139,565) (23,666)
Impact of currency exchange rates on cash balances (112) (6,370)
Net increase (decrease) in cash, cash equivalents and restricted cash (65,607) 48,346
Cash, cash equivalents and restricted cash at beginning of period 193,126 161,618
Cash, cash equivalents and restricted cash at end of period 127,519 209,964
Supplemental Cash Flow Information:    
Interest paid on debt borrowings 41,548 17,013
Income taxes paid 14,873 20,614
Total $ 193,126 $ 161,618