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Consolidated Statements of Cash Flows (USD $)
In Thousands
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:  
Net income including noncontrolling interest$ 146,172$ 107,265
Adjustments to reconcile net income including noncontrolling interest to net cash used in operating activities:  
Depreciation and amortization29,11113,093
Provision for bad debt6,7493,162
Gain on short-term investments (1,900)
Deferred income tax benefit(2,069)(1,519)
Share-based payment award compensation costs8,1996,438
Foreign currency losses, net3,84471
Other1,27747
Changes in assets and liabilities, net of acquisitions:  
Accounts receivable, net(730,993)(183,779)
Inventories(179,573)(93,083)
Prepaid expenses7,939(7,001)
Transaction taxes receivable(34,853)(29,623)
Other current assets(43,334)(3,504)
Short-term derivative assets, net(9,274)1,838
Non-current other assets(615)(3,890)
Accounts payable542,235163,824
Customer deposits18,702(13,526)
Transaction taxes payable21,6857,242
Short-term derivative liabilities, net(3,435)(2,915)
Accrued expenses and other current liabilities2,9783,762
Non-current income tax and other long-term liabilities(1,608)1,026
Total adjustments(363,035)(140,237)
Net cash used in operating activities(216,863)(32,972)
Cash flows from investing activities:  
Capital expenditures(15,807)(7,900)
Issuance of notes receivable(11,121) 
Repayment of notes receivable8,415 
Proceeds from the sale of short-term investments 10,000
Acquisition of businesses, net of cash acquired(112,315)(46,015)
Net cash used in investing activities(130,828)(43,915)
Cash flows from financing activities:  
Dividends paid on common stock(7,949)(6,685)
Capital contribution for joint venture10,000 
Payment of assumed employee benefits(5,421) 
Borrowings under senior term loan facility250,000 
Borrowings under senior revolving credit facility3,411,000 
Repayments under senior revolving credit facility(3,411,000) 
Repayments of debt - other(8,082)(5,523)
Payments of senior revolving credit facility and senior term loan facility loan costs(2,483)(8,518)
Federal and state tax benefits resulting from tax deductions in excess of the compensation cost recognized for share-based payment awards4,0116,152
Proceeds from sale of equity shares, net of expenses 218,816
Purchases of stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards(9,021)(1,554)
Other(679)85
Net cash provided by financing activities230,376202,773
Effect of exchange rate changes on cash and cash equivalents(3,724)140
Net (decrease) increase in cash and cash equivalents(121,039)126,026
Cash and cash equivalents, at beginning of period272,893298,843
Cash and cash equivalents, at end of period$ 151,854$ 424,869