Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows

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Condensed Consolidated Statements of Cash Flows(USD ($))
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 194,160 $ 262,035
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,776 42,310
Excess tax benefits from share-based payment arrangements (6,693) (15)
Share-based compensation expenses 23,398 15,253
Non-cash interest expense 19,021 1,295
Deferred income taxes (7,838) (7,939)
Inventory write-downs 12,373 10,448
Unrealized foreign exchange transaction loss (gain) 2,532 (44)
Foreign exchange loss relating to Venezuela 86,108 15,116
Other 3,717 (674)
Changes in operating assets and liabilities:    
Receivables (1,163) (312)
Inventories (2,409) (14,094)
Prepaid expenses and other current assets (50,669) (13,150)
Other assets (4,642) (534)
Accounts payable 13,038 4,586
Royalty overrides (12,113) (2,051)
Accrued expenses and accrued compensation 16,661 43,761
Advance sales deposits 20,915 4,481
Income taxes (8,158) (12,546)
Deferred compensation plan liability 4,569 3,527
NET CASH PROVIDED BY OPERATING ACTIVITIES 347,583 351,453
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (105,482) (56,048)
Proceeds from sale of property, plant and equipment 11 33
Investments in Venezuelan bonds (7,588)  
NET CASH USED IN INVESTING ACTIVITIES (113,059) (56,015)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (30,400) (61,823)
Dividends received 3,416  
Payments for Capped Call Transactions (123,825)  
Borrowings from senior secured credit facility and other debt   513,227
Proceeds from senior convertible notes 1,150,000  
Principal payments on senior secured credit facility and other debt (37,500) (38,250)
Issuance costs relating to long-term debt and senior convertible notes (28,927)  
Share repurchases (1,277,929) (165,726)
Excess tax benefits from share-based payment arrangements 6,693 15
Proceeds from exercise of stock options and sale of stock under employee stock purchase plan 2,039 971
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (336,433) 248,414
EFFECT OF EXCHANGE RATE CHANGES ON CASH (97,548) (27,683)
NET CHANGE IN CASH AND CASH EQUIVALENTS (199,457) 516,169
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 972,974 333,534
CASH AND CASH EQUIVALENTS, END OF PERIOD 773,517 849,703
CASH PAID DURING THE PERIOD    
Interest paid 14,417 12,004
Income taxes paid 109,337 117,120
NON CASH ACTIVITIES    
Accrued capital expenditures $ 13,090 $ 8,040