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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 603,573 $ 460,628
Provision for losses on accounts receivable 6,784 15,187
Deferred income taxes and tax uncertainties 10,004 (15,261)
Depreciation and amortization 191,602 194,338
Net gains from sales of assets and divestitures (22,270) (7,163)
Impairment of goodwill, intangible and other assets 142,155 18,459
Stock-based compensation 36,241 27,152
Losses from equity method investment 18,271 25,130
Change in operating assets and liabilities:    
Accounts receivable (171,829) (145,631)
Inventories (53,270) 34,851
Prepaid expenses and other assets (12,920) (4,206)
Trade accounts payable 4,419 56,717
Other current liabilities (36,377) 29,643
Income taxes payable, net 38,666 18,015
Accrued employment-related benefits cost (18,408) 4,306
Other, net 6,363 8,713
Net cash provided by operating activities 743,004 720,878
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property, buildings and equipment and intangibles (168,896) (191,183)
Proceeds from sales of assets and business divestitures 75,558 110,421
Equity method investment (11,875) (22,430)
Other, net 0 3,554
Net cash used in investing activities (105,213) (99,638)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in commercial paper 18 (369,748)
Borrowings under lines of credit 23,782 33,931
Payments against lines of credit (27,899) (39,705)
Proceeds from issuance of long-term debt 185 424,020
Payments of long-term debt (89,408) (15,812)
Proceeds from stock options exercised 179,549 27,255
Payments for employee taxes withheld from stock awards (11,381) (17,546)
Purchase of treasury stock (282,746) (435,983)
Cash dividends paid (232,289) (225,504)
Other, net 2,747 0
Net cash used in financing activities (437,442) (619,092)
Exchange rate effect on cash and cash equivalents (10,375) 8,281
NET CHANGE IN CASH AND CASH EQUIVALENTS 189,974 10,429
Cash and cash equivalents at beginning of year 326,876 274,146
Cash and cash equivalents at end of period $ 516,850 $ 284,575