XML 28 R5.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Cash received from customers $ 2,311,925 $ 2,326,310 $ 2,093,948
Cash paid to suppliers and employees (1,818,575) (1,989,685) (1,916,119)
Interest paid, net (22,330) (22,703) (22,224)
Income tax payments, net (45,081) (62,414) (52,136)
Investment proceeds and miscellaneous receipts, net 31,673 26,383 18,392
Proceeds from (payments for) forward foreign exchange contracts, net 285 7,603 (17,724)
Net cash provided by operating activities 457,897 285,494 104,137
Cash flows from investing activities:      
Capital expenditures (98,532) (129,825) (111,332)
Proceeds from dispositions of property, plant and equipment 129 4,315 86
Proceeds from divestiture of a product line 0 6,964 0
Payments for (proceeds from) acquisitions and long-term investment (79,386) 266 (76,645)
Recovery of (payments for) purchases of intangible assets (8,818) 3 3,795
Payments for purchases of restricted investment 0 0 (1,000)
Payments for purchases of marketable securities and investments (371,450) (371,019) (282,656)
Proceeds from sales of marketable securities and investments 104,632 77,029 97,523
Proceeds from maturities of marketable securities and investments 226,900 225,295 202,247
Net cash used in investing activities (208,889) (186,978) (175,572)
Cash flows from financing activities:      
Net (payments) borrowings on line-of-credit arrangements and notes payable 0 0 (36)
Payments on long-term borrowings (643) (2,961) (316)
Payments for credit agreement renewal fees (486) 0 0
Proceeds from Issuances of common stock for shared-based compensation 13,113 14,133 14,604
Tax payments from net share settlement (8,096) (8,862) (7,310)
Proceeds from reissuances of treasury stock for shared-based compensation, net 3,831 0 0
Payments for purchases of treasury stock (28,000) (48,912) (2,920)
Payments of contingent consideration (2,477) (2,078) (3,681)
Net cash (used in) provided by financing activities (22,758) (48,680) 341
Effect of foreign exchange rate changes on cash 2,237 (655) (1,094)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect 228,487 49,181 (72,188)
Beginning Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 434,164 384,983 457,171
Cash and cash equivalents 660,672 431,526 383,824
Restricted Cash included in Other current assets 93 111 882
Restricted Cash included in Other assets 1,886 2,527 277
Ending Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 662,651 $ 434,164 $ 384,983