XML 16 R5.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Statement of Cash Flows [Abstract]    
Interest Paid, Including Capitalized Interest, Operating and Investing Activities $ 32,787 $ 32,380
Operating Activities:    
Net income 105,164 100,644
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 30,424 31,703
Deferred income taxes 1,983 6,100
Other operating activities, net 11,961 11,027
Changes in assets and liabilities    
Increase (Decrease) in Accounts Receivable 157,387 102,567
Increase (Decrease) in Accounts and Other Receivables (32,150) (38,430)
Inventories, net (39,655) 11,407
Prepaid expenses and other current assets (7,710) (12,866)
Accounts payable 62,484 26,073
Accrued payroll and benefit costs (43,739) (16,588)
Other current and noncurrent liabilities (4,450) (6,542)
Net cash provided by operating activities (8,775) 86,821
Investing Activities:    
Payments to Acquire Businesses, Gross (27,742) 0
Capital expenditures (21,402) (16,384)
Other investing activities (1,155) (8,684)
Net cash used in investing activities (50,299) (25,068)
Financing Activities:    
Proceeds from issuance of short-term debt 34,866 87,861
Repayments of short-term debt (64,166) (85,761)
Proceeds from issuance of long-term debt 883,508 794,888
Repayments of Long-term Debt (654,274) (848,888)
Other financing activities, net (472) (550)
Net cash used in financing activities 50,015 (63,749)
Payments for Repurchase of Common Stock (152,722) (1,891)
Proceeds from (Repayments of) Bank Overdrafts 14,676 (9,408)
Payment for Contingent Consideration Liability, Financing Activities (11,401) 0
Effect of exchange rate on cash and cash equivalents (66) (5,017)
Net change in cash and cash equivalents (9,125) (7,013)
Cash and cash equivalents at the beginning of period 96,343 117,953
Cash and cash equivalents at the end of period 87,218 110,940
Income Taxes Paid $ 35,329 $ 33,792