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
 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 205,408 $ 403,985
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 69,191 63,207
(Excess) deficiency in tax benefits from share-based payment arrangements (4,176) 2,586
Share-based compensation expenses 34,431 21,882
Non-cash interest expense 31,179 1,937
Deferred income taxes (59,022) (7,532)
Inventory write-downs 17,729 17,536
Unrealized foreign exchange transaction loss (gain) 4,032 585
Foreign exchange loss relating to Venezuela 200,294 15,116
Impairments and write-downs relating to Venezuela 27,514  
Other 3,060 1,661
Changes in operating assets and liabilities:    
Receivables (5,388) 1,624
Inventories (58,724) (37,311)
Prepaid expenses and other current assets (59,211) (15,330)
Other assets (8,794) (678)
Accounts payable 15,407 8,569
Royalty overrides 4,385 13,959
Accrued expenses and accrued compensation 11,822 65,868
Advance sales deposits 27,446 27,038
Income taxes (11,665) (13,313)
Deferred compensation plan liability 4,579 5,595
NET CASH PROVIDED BY OPERATING ACTIVITIES 449,497 576,984
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (139,970) (91,782)
Proceeds from sale of property, plant and equipment 23 121
Investments in Venezuelan bonds (11,818)  
NET CASH USED IN INVESTING ACTIVITIES (151,765) (91,661)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (30,400) (92,651)
Dividends received 3,416  
Payments for Capped Call Transactions (123,825)  
Borrowings from senior secured credit facility and other debt   763,232
Proceeds from senior convertible notes 1,150,000  
Principal payments on senior secured credit facility and other debt (56,250) (300,733)
Issuance costs relating to long-term debt and senior convertible notes (28,927)  
Share repurchases (1,278,420) (275,821)
Excess (deficiency in) tax benefits from share-based payment arrangements 4,176 (2,586)
Proceeds from exercise of stock options and sale of stock under employee stock purchase plan 2,401 975
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (357,829) 92,416
EFFECT OF EXCHANGE RATE CHANGES ON CASH (234,743) (18,725)
NET CHANGE IN CASH AND CASH EQUIVALENTS (294,840) 559,014
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 972,974 333,534
CASH AND CASH EQUIVALENTS, END OF PERIOD 678,134 892,548
CASH PAID DURING THE PERIOD    
Interest paid 31,512 18,005
Income taxes paid 152,698 163,843
NON CASH ACTIVITIES    
Accrued capital expenditures $ 10,939 $ 7,705