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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities of continuing operations:      
Net income $ 152,530 $ 237,841 $ 245,713
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss (income) from discontinued operations 2,733 (190) (8,905)
Depreciation expense 56,497 54,415 46,013
Amortization expense of intangible assets 98,766 63,491 62,380
Amortization expense of deferred financing costs and debt discount 5,075 10,440 16,941
Loss on extinguishment of debt 5,593 19,261 10,454
Fair value step up of acquired inventory sold 10,442 0 0
Changes in contingent consideration 3,575 (6,445) (4,576)
Impairment of long-lived assets 0 2,356 0
In-process research and development impairment charge 0 41,000 0
Stock-based compensation 19,407 16,871 14,467
Net gain on sales of businesses and assets 0 (4,367) (408)
Deferred income taxes, net (41,822) (29,346) (54,413)
Other (18,469) (13,311) (20,775)
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:      
Accounts receivable (11,039) (11,029) 398
Inventories (22,363) 6,408 (8,371)
Prepaid expenses and other current assets 547 (3,613) (3,027)
Accounts payable and accrued expenses 39,001 15,422 (117)
Income taxes receivable and payable, net 125,828 11,386 7,672
Net cash provided by operating activities from continuing operations 426,301 410,590 303,446
Cash flows from investing activities of continuing operations:      
Expenditures for property, plant and equipment (70,903) (53,135) (61,448)
Payments for businesses and intangibles acquired, net of cash acquired (1,768,284) (14,040) (93,808)
Proceeds from sales of businesses and assets 6,332 10,201 408
Net cash used in investing activities from continuing operations (1,832,855) (56,974) (154,848)
Cash flows from financing activities of continuing operations:      
Proceeds from new borrowings 2,463,500 671,700 288,100
Reduction in borrowings (1,239,576) (714,565) (303,757)
Debt extinguishment, issuance and amendment fees (26,664) (8,958) (9,017)
Proceeds from share based compensation plans and the related tax impacts 5,571 9,068 4,994
Payments to noncontrolling interest shareholders 0 (464) (1,343)
Payments for acquisition of noncontrolling interest 0 (9,231) 0
Payments for contingent consideration (335) (7,282) (8,028)
Dividends (61,237) (58,960) (56,532)
Net cash provided by (used in) financing activities from continuing operations 1,141,259 (118,692) (85,583)
Cash flows from discontinued operations:      
Net cash used in operating activities (6,416) (2,110) (2,636)
Net cash used in discontinued operations (6,416) (2,110) (2,636)
Effect of exchange rate changes on cash and cash equivalents 61,480 (27,391) (25,249)
Net (decrease) increase in cash and cash equivalents (210,231) 205,423 35,130
Cash and cash equivalents at the beginning of the year 543,789 338,366 303,236
Cash and cash equivalents at the end of the year 333,558 543,789 338,366
Supplemental cash flow information:      
Cash interest paid 74,256 44,203 45,973
Income taxes paid, net of refunds 49,144 23,955 56,079
Non cash investing and financing activities of continuing operations:      
Purchases of businesses and related costs 261,733 0 0
Settlement and exchange of convertible notes with common or treasury stock 53,207 35,286 133
Acquisition of treasury stock from settlement and exchange of convertible note hedge and warrants $ 141,405 $ 86,046 $ 269