XML 69 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements Of Cash Flows
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
USD ($)
Dec. 31, 2012
USD ($)
Dec. 31, 2011
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income $ 191,419 $ 170,487 $ 89,780
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 129,348 138,796 150,618
Write-off impairment and discontinued operations, net 254 616 15,977
Stock-based compensation 440 3,028 1,996
Amortization of Series A Notes discount (premium) and related issuance costs, net (92) 153 422
Deferred income taxes and reserve, net 221 6,579 (8,777)
Loss (gain) on sale of property, plant and equipment (147) 1,197 (1,645)
Loss (gain) on sale of investment 873 (829) 2,189
Equity in net earnings of affiliated companies and partnerships, net of dividend received() 468 [1] (1,602) [1] (270) [1]
Changes in operating assets and liabilities, net of amounts acquired:      
Increase in short and long-term trade receivables, and prepaid expenses (108,337) (91,988) (65,062)
Decrease (increase) in inventories, net (4,785) 10,022 (95,363)
Increase (decrease) in trade payables, other payables and accrued expenses 55,935 (75,426) 17,225
Severance, pension and termination indemnities, net (3,595) (10,612) 1,879
Increase (decrease) in advances received from customers (95,027) 47,961 81,946
Net cash provided by operating activities 166,975 198,382 190,915
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of property, plant and equipment (63,019) (81,637) (121,977)
Acquisitions of subsidiaries and business operations (Schedule A) 0 0 (12,173)
Investments in affiliated companies and other companies (6,222) (4,241) (13,555)
Proceeds from sale of property, plant and equipment 3,755 7,335 15,059
Proceeds from sale of investments 3,550 705 329
Investment in long-term deposits (2,076) (779) (609)
Proceeds from sale of long-term deposits 795 2,849 40,396
Investment in short-term deposits and available-for-sale marketable securities (50,975) (340,899) (88,842)
Proceeds from sale of short-term deposits and available-for-sale marketable securities 42,899 299,029 126,306
Net cash used in investing activities (71,293) (117,638) (55,066)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from exercise of options 18,364 1,352 3,833
Purchase of non-controlling interests 0 0 (71,000)
Repayment of long-term loans (230,532) (319,601) (73,666)
Proceeds from long-term loans 242,247 122,038 172,303
Proceeds from issuance of Series A Notes 0 246,973 0
Series A Notes issuance costs 0 (2,035) 0
Purchase of treasury shares 0 (26,006) (10,101)
Repayment of Series A Notes (55,535) (53,530) (29,998)
Purchase of convertible debentures of a subsidiary 0 0 (2,121)
Dividends paid () (75,549) [2] (50,616) [2] (61,633) [2]
Tax benefit in respect of options exercised 0 161 169
Change in short-term bank credit and loans, net (181) (2,817) (12,117)
Net cash provided by (used in) financing activities (101,186) (84,081) (84,331)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (5,504) (3,336) 51,518
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 199,241 202,577 151,059
CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR 193,737 199,241 202,577
dividend received from affiliated companies and partnership 13,500 9,558 15,107
Cash paid during the year for:      
Income taxes, net 33,223 5,734 18,955
Interest $ 6,046 $ 19,168 $ 10,258
[1] Dividend received from affiliated companies and partnership
[2] Dividend paid in 2013 includes approximately $ 24,900 dividend paid by subsidiary to non-controlling interests.