XML 44 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 9 Months Ended
Oct. 05, 2013
Oct. 06, 2012
CASH FLOWS PROVIDED BY (DISBURSED FOR) OPERATING ACTIVITIES:    
Net income $ 192,374 $ 97,554
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on acquisition (50,071)  
Stock based compensation 12,698 7,012
Loss reclassified from accumulated other comprehensive income to net income 21,622 24,972
Depreciation and amortization 89,769 76,751
Deferred income taxes (4,633) 3,155
Provision for inventory obsolescence 1,170 804
Allowances for accounts receivable 3,992 1,995
Pension and postretirement plans (benefit) expense (1,570) 1,208
Other (5,191) (1,452)
Pension contributions (12,760) (18,143)
Changes in operating assets and liabilities:    
Accounts and notes receivable, net (11,833) (30,518)
Inventories, net (13,257) (10,270)
Hedging activities, net (26,676) 5,627
Other assets (9,450) 10,343
Accounts payable 4,952 10,761
Other accrued liabilities 29,124 2,430
NET CASH PROVIDED BY OPERATING ACTIVITIES 220,260 182,229
CASH FLOWS PROVIDED BY (DISBURSED FOR) INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (71,846) (49,188)
Proceeds from sale of property, plant and equipment 2,328 1,103
Repurchase of independent distributor territories (23,631) (9,640)
Principal payments from notes receivable 16,353 11,056
Proceeds from sales of distribution territories 14,604  
Acquisition of businesses, net of cash acquired (415,472) (318,426)
NET CASH DISBURSED FOR INVESTING ACTIVITIES (477,664) (365,095)
CASH FLOWS PROVIDED BY (DISBURSED FOR) FINANCING ACTIVITIES:    
Dividends paid (69,375) (64,426)
Exercise of stock options 11,216 9,112
Excess windfall tax benefit related to share-based payment awards 6,755 1,544
Payments for debt issuance costs   (3,877)
Payment of financing fees (2,111)  
Stock repurchases (3,790) (13,587)
Change in bank overdraft (614) 3,287
Proceeds from debt borrowings 1,887,000 1,179,181
Debt and capital lease obligation payments (1,574,245) (922,014)
Other financing activities (52)  
NET CASH PROVIDED BY FINANCING ACTIVITIES 254,784 189,220
Net (decrease) increase in cash and cash equivalents (2,620) 6,354
Cash and cash equivalents at beginning of period 13,275 7,783
Cash and cash equivalents at end of period $ 10,655 $ 14,137