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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 24, 2016
Sep. 26, 2015
Cash flows from operating activities:    
Net income $ 402,922 $ 382,584
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 125,829 118,891
Stock-based compensation expense 43,627 35,080
Provision for losses on trade and other accounts receivable 1,736 2,878
Provision for (benefit from) deferred income taxes (13,425) (7,818)
Equity in earnings of affiliates (13,160) (10,791)
Distributions from equity affiliates 12,104 11,316
Changes in unrecognized tax benefits 4,252 8,541
Other 8,392 7,131
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (131,586) (111,890)
Inventories 48,513 (108,268)
Other current assets (35,781) (63,485)
Accounts payable and accrued expenses (102,470) 24,361
Net cash provided by (used in) operating activities 350,953 288,530
Cash flows from investing activities:    
Purchases of fixed assets (44,525) (52,164)
Payments for equity investments and business acquisitions, net of cash acquired (126,543) (142,078)
Proceeds from sales of available-for-sale securities 0 20
Other (8,766) (9,247)
Net cash provided by (used in) investing activities (179,834) (203,469)
Cash flows from financing activities:    
Proceeds from (repayments of) bank borrowings (3,274) 4,920
Proceeds from issuance of long-term debt 260,000 135,000
Debt issuance costs (233) (150)
Principal payments for long-term debt (9,293) (70,585)
Proceeds from issuance of stock upon exercise of stock options 9,754 11,625
Payments for repurchases of common stock (350,001) (150,863)
Excess tax benefit related to stock-based compensation (463) 2,932
Distributions to noncontrolling shareholders (26,366) (22,316)
Acquisitions of noncontrolling interests in subsidiaries (51,265) (8,570)
Net cash provided by (used in) financing activities (171,141) (98,007)
Effect of exchange rate changes on cash and cash equivalents 4,128 (16,047)
Net change in cash and cash equivalents 4,106 (28,993)
Cash and cash equivalents, beginning of period 72,086 89,474
Cash and cash equivalents, end of period $ 76,192 $ 60,481