XML 33 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities:      
Net income $ 163,133 $ 101,120 $ 208,373
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 64,017 66,858 64,968
Stock-based compensation expense 14,809 12,493 12,899
Amortization of Debt Issuance Costs and Discounts 3,984 6,684 12,195
Gain (Loss) on Extinguishment of Debt 0 123,933 0
(Gain) loss on sale of property, buildings and equipment (4,038) (4,702) (45)
Other Operating Activities, Cash Flow Statement (79) 836 11,627
Interest related to uncertain tax positions 100 1,200 8,700
Deferred income taxes (50,396) (45,174) 42,850
Changes in assets and liabilities      
Increase (Decrease) in Accounts Receivable (112,977) 56,767 40,102
Other accounts receivable (14,163) (1,628) 57,242
Inventories, net (119,002) (1,612) 2,410
Prepaid expenses and other current assets 11,334 13,207 (8,517)
Accounts payable (102,870) 40,607 55,914
Accrued payroll and benefit costs 24,679 (1,922) (15,015)
Other current and noncurrent liabilities 64,793 15,654 (66,872)
Net cash provided by operating activities 149,122 300,235 283,049
Investing Activities:      
Capital expenditures (21,507) (17,957) (21,658)
Acquisition payments, net of cash acquired 0 (50,890) (151,595)
Proceeds from sale of assets 6,766 8,361 3,023
Payments for (Proceeds from) Other Investing Activities 9,446 (10,000) 0
Net cash used in investing activities (5,295) (70,486) (170,230)
Financing Activities:      
Proceeds from issuance of short-term debt 175,819 111,458 102,033
Repayments of short-term debt (164,030) (131,501) (101,353)
Proceeds from issuance of long-term debt 1,504,636 2,082,738 1,528,578
Repayments of long-term debt (1,556,636) (2,323,568) (1,435,820)
Debt issuance costs (915) (6,002) (3,359)
Repurchase of common stock (106,792) (4,818) (155,805)
Proceeds from (Payments for) Other Financing Activities 6,722 (4,570) (2,089)
Net cash provided (used) by financing activities (141,196) (276,263) (67,815)
Effect of exchange rate on cash and cash equivalents 5,191 (3,634) (13,044)
Net change in cash and cash equivalents 7,822 (50,148) 31,960
Cash and cash equivalents at the beginning of period 110,131 160,279 128,319
Cash and cash equivalents at the end of period 117,953 110,131 160,279
Supplemental disclosures:      
Cash paid for interest 63,795 74,391 66,342
Cash paid for taxes 65,117 76,293 74,213
Non-cash investing and financing activities:      
Payments to Acquire Equipment on Lease $ 552 $ 1,143 $ 288