XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities:    
Net income $ 140,915 $ 53,367
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 47,758 50,269
Deferred income taxes 8,433 (21,842)
Gain (Loss) on Extinguishment of Debt 0 123,933
Other operating activities, net 12,617 11,228
Changes in assets and liabilities    
Increase (Decrease) in Accounts Receivable 174,667 3,075
Increase (Decrease) in Accounts and Other Receivables (4,421) (15,524)
Inventories, net (86,736) (7,651)
Prepaid expenses and other current assets (8,515) (8,625)
Accounts payable 138,348 (30,289)
Accrued payroll and benefit costs 2,383 (2,648)
Other current and noncurrent liabilities (3,846) 36,997
Net cash provided by operating activities 81,111 217,188
Investing Activities:    
Capital expenditures (15,970) (13,183)
Acquisition payments, net of cash acquired 0 (50,745)
Other investing activities 3,490 (3,885)
Net cash used in investing activities (12,480) (67,813)
Financing Activities:    
Proceeds from issuance of short-term debt 130,890 89,847
Repayments of short-term debt (114,972) (96,535)
Proceeds from issuance of long-term debt 1,079,718 1,731,715
Repayments of Long-term Debt (1,076,718) (1,915,545)
Other financing activities, net (4,380) (3,494)
Net cash used in financing activities (92,164) (198,085)
Payments for Repurchase of Common Stock (106,702) (4,073)
Effect of exchange rate on cash and cash equivalents 7,485 1,268
Net change in cash and cash equivalents (16,048) (47,442)
Cash and cash equivalents at the beginning of period 110,131 160,279
Cash and cash equivalents at the end of period $ 94,083 $ 112,837