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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Oct. 01, 2017
Cash flows from operating activities:    
Net income $ 307,991 $ 363,616
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 49,930 49,243
Amortization 32,909 32,313
Stock-based compensation 25,327 25,620
Deferred taxes 24,442 (679)
Provision for excess and obsolete inventory 9,522 7,154
Contingent consideration adjustment (9,236) 1,847
Retirement plan actuarial losses (gains) 196 (2,504)
Property insurance recovery   (4,309)
Other 516 429
Changes in operating assets and liabilities, net of businesses acquired:    
Accounts receivable (77,807) (75,623)
Inventories (34,117) 23,770
Prepayments and other assets (28,719) 7,362
Accounts payable and other accrued expenses 16,124 5,298
Deferred revenue and customer advances 9,823 34,535
Retirement plans contributions (3,244) (4,858)
Income taxes (33,152) 15,808
Net cash provided by operating activities 290,505 479,022
Cash flows from investing activities:    
Purchases of property, plant and equipment (88,269) (73,247)
Proceeds from government subsidy for property, plant and equipment 7,920  
Purchases of marketable securities (809,521) (1,036,523)
Proceeds from sales of marketable securities 843,164 443,169
Proceeds from maturities of marketable securities 934,100 473,255
Proceeds from life insurance 1,126  
Proceeds from property insurance   5,064
Acquisition of businesses, net of cash acquired (169,474)  
Net cash provided by (used for) investing activities 719,046 (188,282)
Cash flows from financing activities:    
Issuance of common stock under stock purchase and stock option plans 20,959 24,462
Repurchase of common stock (562,263) (151,821)
Dividend payments (51,320) (41,730)
Payments related to net settlement of employee stock compensation awards (19,841) (12,584)
Payments of contingent consideration (13,571) (1,050)
Net cash used for financing activities (626,036) (182,723)
Effects of exchange rate changes on cash and cash equivalents 661 2,776
Increase in cash and cash equivalents 384,176 110,793
Cash and cash equivalents at beginning of period 429,843 307,884
Cash and cash equivalents at end of period $ 814,019 $ 418,677