v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 29, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 220,121 $ 196,363
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 64,236 61,389
Accelerated amortization of deferred financing costs 6,203 0
Stock-based compensation expense 16,732 20,049
Provision for losses on trade and other accounts receivable 2,154 2,637
Provision for (benefit from) deferred income taxes 15,550 (7,715)
Equity in earnings of affiliates (2,567) (4,464)
Distributions from equity affiliates 6,450 6,007
Other 5,367 3,859
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (45,155) (59,329)
Inventories 82,037 (11,340)
Other current assets (12,924) (8,078)
Accounts payable and accrued expenses (121,453) (69,485)
Net cash provided by operating activities 236,751 129,893
Cash flows from investing activities:    
Purchases of fixed assets (21,934) (21,372)
Payments for equity investments and business acquisitions, net of cash acquired (33,708) (120,348)
Proceeds from sales of available-for-sale securities 0 4,025
Other (5,071) (4,385)
Net cash used in investing activities (60,713) (142,080)
Cash flows from financing activities:    
Proceeds from (repayments of) bank borrowings (11,640) 26,384
Proceeds from issuance of long-term debt 483,781 100,050
Debt issuance costs (1,319) (213)
Principal payments for long-term debt (538,000) (35,375)
Proceeds from issuance of stock upon exercise of stock options 19,452 40,715
Payments for repurchases of common stock (151,511) (156,891)
Excess tax benefits related to stock-based compensation 5,328 10,051
Distributions to noncontrolling shareholders (13,008) (8,595)
Acquisitions of noncontrolling interests in subsidiaries (5,754) (20,013)
Net cash used in financing activities (212,671) (43,887)
Net change in cash and cash equivalents (36,633) (56,074)
Effect of exchange rate changes on cash and cash equivalents (6,608) (3,314)
Cash and cash equivalents, beginning of period 122,080 147,284
Cash and cash equivalents, end of period $ 78,839 $ 87,896