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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net income including noncontrolling interest $ 92,330 $ 70,891
Adjustments to reconcile net income including noncontrolling interest to net cash (used in) provided by operating activities:    
Depreciation and amortization 18,740 8,624
Provision for bad debt 4,327 2,065
Gain on short-term investments   (1,900)
Deferred income tax provision (benefit) 6,564 (1,272)
Share-based payment award compensation costs 5,658 3,717
Foreign currency (gains) losses, net (411) 428
Other 893 (96)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable, net (535,628) (163,387)
Inventories (180,534) (13,959)
Prepaid expenses 29,252 (7,075)
Transaction taxes receivable (25,422) (3,028)
Other current assets (15,118) (6,776)
Short-term derivative assets, net (13,968) 1,682
Non-current other assets (1,415) (1,606)
Accounts payable 477,888 142,955
Customer deposits (14,779) (11,457)
Transaction taxes payable 20,783 2,532
Short-term derivative liabilities, net 10,567 1,837
Accrued expenses and other current liabilities (18,315) (1,721)
Non-current income tax and other long-term liabilities 889 1,318
Total adjustments (230,029) (47,119)
Net cash (used in) provided by operating activities (137,699) 23,772
Cash flows from investing activities:    
Capital expenditures (7,394) (4,153)
Issuance of short term note receivable (8,148)  
Repayment of short term note receivable 8,148  
Acquisition of businesses, net of cash acquired (106,013) (8,315)
Net cash used in investing activities (113,407) (12,468)
Cash flows from financing activities:    
Dividends paid on common stock (5,294) (4,457)
Payment of assumed employee benefits (5,421)  
Borrowings under revolving credit facility 2,416,000  
Repayments under revolving credit facility (2,278,000)  
Capital contribution for joint venture 10,000  
Repayments of debt other than senior revolving credit facility (6,123) (5,521)
Proceeds from exercise of stock options   85
Federal and state tax benefits resulting from tax deductions in excess of the compensation cost recognized for share-based payment awards 3,810  
Purchases of stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (8,654) (1,518)
Net cash provided by (used in) financing activities 126,318 (11,411)
Effect of exchange rate changes on cash and cash equivalents 1,630 (1,350)
Net decrease in cash and cash equivalents (123,158) (1,457)
Cash and cash equivalents, at beginning of period 272,893 298,843
Cash and cash equivalents, at end of period $ 149,735 $ 297,386