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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net Income $ 122,688 $ 409,573 $ 377,644  
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 55,036 166,508 142,170  
Stock-based compensation expense 5,592 17,582 16,983  
Loss on debt extinguishment 0 0 26,650  
Loss on sale of business   9,000    
Gains on foreign exchange contracts - acquisition related 0 0 (18,342)  
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:        
Net cash provided by operating activities   449,243 524,151  
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of property and equipment (50,427) (135,537) (152,746)  
Acquisitions, net of cash acquired   (252,667) (1,301,127)  
Proceeds from disposal of business/investment   316,000    
Proceeds from foreign exchange contracts     18,342  
Other investing activities, net   2,750 537  
Net cash provided by (used in) investing activities   (84,157) (1,424,690)  
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from exercise of stock options   6,465 7,525  
Taxes paid related to net share settlements of stock-based compensation awards   (5,095) (4,440)  
Debt issuance costs     (16,404)  
Borrowings under revolving credit facilities   424,976 1,961,702  
Repayments under revolving credit facilities   (770,884) (1,239,234)  
Borrowings under term loans     338,478  
Repayments under term loans   (27,884) (9,461)  
Borrowings under receivables securitization facility   8,525 100,480  
Repayments under receivables securitization facility   (9,925) (66,500)  
Payments of Rhiag debt and related payments     (543,347)  
Payments of other obligations   (2,079) (1,405)  
Other financing activities, net   4,316    
Net cash (used in) provided by financing activities   (347,063) 1,088,482  
Effect of exchange rate changes on cash and cash equivalents   22,538 (3,489)  
Net increase in cash and cash equivalents   40,561 184,454  
Cash and cash equivalents of continuing and discontinued operations, beginning of period   227,400 87,397 $ 87,397
Cash and cash equivalents of discontinued operations, beginning of period 13,826   13,826 7,116
Cash and cash equivalents, end of period 258,025 275,077 258,025 227,400
Supplemental disclosure of cash paid for:        
Income taxes, net of refunds   218,332 184,719  
Interest   57,519 65,888  
Supplemental disclosure of noncash investing and financing activities:        
Notes payable and other financing obligations, including notes issued and debt assumed in connection with business acquisitions   52,576 560,955  
Noncash property and equipment additions   4,918 1,617  
Notes and other financing receivables in connection with disposal of business/investment   5,848    
Euro Notes        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from issuance of Euro notes     563,450  
Continuing and Discontinued Operations        
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization   166,508 150,370  
Stock-based compensation expense   17,582 17,062  
Loss on debt extinguishment   0 26,650  
Loss on sale of business   8,580    
Gains on foreign exchange contracts - acquisition related     (18,342)  
Other   (11,982) 6,711  
Changes in operating assets and liabilities, net of effects from acquisitions and dispositions:        
Receivables, net   (75,444) (46,376)  
Inventories   (97,584) 27,070  
Prepaid income taxes/income taxes payable   (928) 4,134  
Accounts payable   42,175 (12,412)  
Other operating assets and liabilities   (9,237) (8,360)  
Net cash provided by operating activities   449,243 524,151  
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchases of property and equipment   (135,537) (152,746)  
Acquisitions, net of cash acquired   (252,667) (1,301,127)  
Proceeds from disposal of business/investment   301,297 10,304  
Proceeds from foreign exchange contracts     18,342  
Other investing activities, net   2,750 537  
Net cash provided by (used in) investing activities   (84,157) (1,424,690)  
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from exercise of stock options   6,465 7,525  
Taxes paid related to net share settlements of stock-based compensation awards   (5,095) (4,440)  
Debt issuance costs   0 (16,404)  
Borrowings under revolving credit facilities   424,976 1,961,702  
Repayments under revolving credit facilities   (770,884) (1,239,234)  
Borrowings under term loans   0 338,478  
Repayments under term loans   (27,884) (9,461)  
Borrowings under receivables securitization facility   8,525 100,480  
Repayments under receivables securitization facility   (9,925) (66,500)  
Borrowings (repayments) of other debt, net   24,522 (2,362)  
Payments of Rhiag debt and related payments   0 (543,347)  
Payments of other obligations   (2,079) (1,405)  
Other financing activities, net   4,316 0  
Net cash (used in) provided by financing activities   (347,063) 1,088,482  
Effect of exchange rate changes on cash and cash equivalents   22,538 (3,489)  
Net increase in cash and cash equivalents   40,561 184,454  
Cash and cash equivalents of continuing and discontinued operations, beginning of period   234,516 87,397 87,397
Cash and cash equivalents, end of period 271,851 275,077 271,851 234,516
Supplemental disclosure of noncash investing and financing activities:        
Contingent consideration liabilities   6,234 0  
Continuing and Discontinued Operations | Euro Notes        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from issuance of Euro notes     563,450  
Discontinued Operations        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Cash and cash equivalents, end of period 13,826   13,826  
Continuing Operations        
CASH FLOWS FROM FINANCING ACTIVITIES:        
Cash and cash equivalents of continuing and discontinued operations, beginning of period   $ 227,400 87,397 87,397
Cash and cash equivalents, end of period $ 258,025   $ 258,025 $ 227,400