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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities:    
Net income $ (285) $ 105,164
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,848 30,424
Deferred income taxes 1,062 1,983
Other operating activities, net 7,506 11,961
Changes in assets and liabilities    
Increase (Decrease) in Accounts Receivable (29,302) 157,387
Increase (Decrease) in Accounts and Other Receivables (20,476) (32,150)
Inventories, net 55,431 (39,655)
Prepaid expenses and other current assets (28,078) (7,710)
Accounts payable (83,085) 62,484
Accrued payroll and benefit costs 1,701 (43,739)
Other current and noncurrent liabilities 93,810 (4,450)
Net cash provided by operating activities 132,688 (8,775)
Investing Activities:    
Capital expenditures (27,163) (21,402)
Payments to Acquire Businesses, Gross (3,708,325) (27,742)
Other investing activities 7,533 (1,155)
Net cash used in investing activities (3,727,955) (50,299)
Financing Activities:    
Proceeds from (Repayments of) Short-term Debt (10,526) (29,300)
Proceeds from issuance of long-term debt 4,391,782 883,508
Repayments of Long-term Debt (580,619) (654,274)
Payments for Repurchase of Common Stock (2,025) (152,722)
Payments of Debt Issuance Costs (79,490) 0
Other financing activities, net (6,115) 2,803
Net cash used in financing activities 3,713,007 50,015
Effect of exchange rate on cash and cash equivalents (3,420) (66)
Cash and cash equivalents at the beginning of period 150,902 96,343
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total 114,320 (9,125)
Cash and cash equivalents at the end of period 265,222 87,218
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 29,828 32,787
Income Taxes Paid 9,894 35,329
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 73,137 $ 26,731