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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Apr. 01, 2017
Operating activities:    
Net income $ 79,409 $ 70,617
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization of long-lived assets 31,925 28,765
Amortization of debt issuance costs 2,343 2,701
Stock compensation expense 4,746 3,528
Deferred taxes and other (2,795) 6,931
Changes in assets and liabilities, net of acquisition of businesses:    
Accounts receivable 36,932 49,553
Inventories (150,768) (140,610)
Other assets 13,840 (6,775)
Accounts payable (63,655) (14,328)
Accrued pension and postretirement benefits 4,441 6,341
Accrued liabilities and other (84,561) (29,521)
Net cash from operating activities (128,143) (22,798)
Investing activities:    
Purchases of property, plant and equipment (19,804) (16,049)
Proceeds from sales of assets 1,506 4,603
Acquisition of business, net of cash acquired (334,915) (524)
Disposition of businesses 0 37,434
Net cash from investing activities (353,213) 25,464
Financing activities:    
Borrowings on notes payable 83,920 27,893
Repayments on notes payable (81,426) (42,540)
Borrowings on Accounts Receivable Securitization Facility 79,449 213,539
Repayments on Accounts Receivable Securitization Facility (47,577) (65,274)
Borrowings on Revolving Loan Facilities 1,267,860 1,265,000
Repayments on Revolving Loan Facilities (771,000) (1,009,500)
Repayments on Term Loan Facilities (10,625) (13,594)
Repayments on International Debt (997) (16,226)
Share repurchases 0 (299,919)
Cash dividends paid (54,053) (55,875)
Payment of contingent consideration (3,540) 0
Taxes paid related to net shares settlement of equity awards (2,757) (1,669)
Other (170) 2,676
Net cash from financing activities 459,084 4,511
Effect of changes in foreign exchange rates on cash 1,186 (3,799)
Change in cash, cash equivalents and restricted cash (21,086) 3,378
Cash and cash equivalents at beginning of year 421,566 460,245
Cash, cash equivalents and restricted cash at end of period 400,480 463,623
Less restricted cash at end of period 26,818 0
Cash and cash equivalents per balance sheet at end of period $ 373,662 $ 463,623