XML 23 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities:      
Net (Loss) Income $ (1,053,836) $ 318,022 $ 369,416
Adjustments to reconcile net (loss) income to net cash flows from operating activities:      
Depreciation 240,818 235,797 233,025
Amortization 33,949 26,543 32,402
Deferred income taxes (19,840) 1,236 4,133
Share-based compensation 67,119 53,950 56,691
Asset impairments 56,324 0 0
Loss on discontinuation of Venezuelan operations 58,973 0 0
Inventory obsolescence 127,592 31,455 33,305
Valuation allowance on U.S. deferred tax assets and U.S. tax reform 456,642 0 0
Increase (decrease) from changes in assets and liabilities, net of acquired assets and liabilities:      
Accounts receivable 13,626 (24,033) (136,259)
Inventories (91,644) (68,650) (107,567)
Prepaid expenses and other current assets 33,681 34,754 (36,865)
Accounts payable, accrued liabilities, and income taxes payable 98,044 9,006 248,047
Other, net (49,062) (23,571) 38,229
Net cash flows (used for) provided by operating activities (27,614) 594,509 734,557
Cash Flows From Investing Activities:      
Purchases of tools, dies, and molds (128,940) (140,124) (142,363)
Purchases of other property, plant, and equipment (168,219) (122,069) (111,818)
Payments for acquisition, net of cash acquired 0 (33,154) 0
Proceeds from (payments for) foreign currency forward exchange contracts 60,993 (6,103) (61,509)
Other, net 503 (10,460) 33,195
Net cash flows used for investing activities (235,663) (311,910) (282,495)
Cash Flows From Financing Activities:      
Payments of short-term borrowings, net (1,611,586) (83,914) 0
Proceeds from short-term borrowings, net 1,419,418 259,168 16,914
Payments of long-term borrowings 0 (300,000) 0
Proceeds from long-term borrowings, net 988,622 350,000 0
Payment of dividends on common stock (311,973) (518,529) (515,073)
Proceeds from exercise of stock options 1,775 34,065 14,995
Other, net (27,806) (22,261) (17,058)
Net cash flows provided by (used for) financing activities 458,450 (281,471) (500,222)
Effect of Currency Exchange Rate Changes on Cash 14,517 (24,411) (30,676)
Increase (decrease) in Cash and Equivalents 209,690 (23,283) (78,836)
Cash and Equivalents at Beginning of Year 869,531 892,814 971,650
Cash and Equivalents at End of Year 1,079,221 869,531 892,814
Cash paid during the year for:      
Income taxes, gross 117,690 113,022 120,232
Interest $ 103,339 $ 84,763 $ 83,005