XML 56 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Sep. 28, 2014
Sep. 29, 2013
Cash flows from operating activities:    
Net income $ 544,435 $ 406,043
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 112,740 113,853
Foreign currency transaction loss 8,585 3,734
Accretion of bond discount 342 342
Asset impairment 0 3,457
Gain on property disposals (1,112) (509)
Gain on investment securities (49) 0
Share-based compensation 3,504 2,415
Deferred income tax benefit (79,619) 0
Changes in operating assets and liabilities:    
Trade accounts and other receivables (35,785) (25,458)
Inventories (10,339) 39,421
Prepaid expenses and other current assets (16,694) (17,304)
Accounts payable, accrued expenses and other current liabilities 36,686 69,895
Income taxes 239,944 (1,818)
Deposits 0 1,898
Long-term pension and other postretirement obligations (1,764) (3,174)
Other operating assets and liabilities 1,534 3,921
Cash provided by operating activities 802,408 596,716
Cash flows from investing activities:    
Acquisitions of property, plant and equipment (131,349) (76,293)
Purchases of investment securities (55,100) 0
Proceeds from sale or maturity of investment securities 152,050 0
Proceeds from property disposals 8,422 3,330
Cash used in investing activities (25,977) (72,963)
Cash flows from financing activities:    
Proceeds from revolving line of credit 0 505,600
Payments on revolving line of credit, long-term borrowings and capital lease obligations (410,199) (758,283)
Sale of subsidiary common stock 332 0
Payment of capitalized loan costs 0 (5,006)
Cash used in financing activities (409,867) (257,689)
Effect of exchange rate changes on cash and cash equivalents (6,173) (3,928)
Increase in cash and cash equivalents 360,391 262,136
Cash and cash equivalents, beginning of period 508,206 68,180
Cash and cash equivalents, end of period $ 868,597 $ 330,316