Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 403,985 $ 351,755
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 63,207 55,402
Deficiency in (Excess) tax benefits from share-based payment arrangements 2,586 (28,073)
Share-based compensation expenses 21,882 20,850
Amortization of deferred financing costs 1,937 1,135
Deferred income taxes (7,532) (8,249)
Unrealized foreign exchange transaction (gain) loss 585 (3,529)
Foreign exchange loss from Venezuela currency devaluation 15,116  
Other 1,661 172
Changes in operating assets and liabilities:    
Receivables 1,624 (26,444)
Inventories (19,775) (58,705)
Prepaid expenses and other current assets (15,330) (7,977)
Other assets (678) (3,098)
Accounts payable 8,569 22,674
Royalty overrides 13,959 22,432
Accrued expenses and accrued compensation 65,868 20,028
Advance sales deposits 27,038 7,384
Income taxes (13,313) 29,118
Deferred compensation plan liability 5,595 5,015
NET CASH PROVIDED BY OPERATING ACTIVITIES 576,984 399,890
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (91,782) (59,229)
Proceeds from sale of property, plant and equipment 121 243
Deferred compensation plan assets   (3,466)
NET CASH USED IN INVESTING ACTIVITIES (91,661) (62,452)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (92,651) (102,687)
Borrowings from long-term debt 763,232 1,387,557
Principal payments on long-term debt (300,733) (1,090,748)
Deferred financing costs   (4,460)
Share repurchases (275,821) (506,331)
(Deficiency in) Excess tax benefits from share-based payment arrangements (2,586) 28,073
Proceeds from exercise of stock options and sale of stock under employee stock purchase plan 975 10,819
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 92,416 (277,777)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (18,725) 3,286
NET CHANGE IN CASH AND CASH EQUIVALENTS 559,014 62,947
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 333,534 258,775
CASH AND CASH EQUIVALENTS, END OF PERIOD 892,548 321,722
CASH PAID DURING THE PERIOD    
Interest paid 18,005 10,263
Income taxes paid $ 163,843 $ 123,063