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
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 262,035 $ 239,882
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 42,310 36,613
Excess tax benefits from share-based payment arrangements (15) (27,212)
Share-based compensation expenses 15,253 12,497
Amortization of deferred financing costs 1,295 572
Deferred income taxes (7,939) (8,476)
Unrealized foreign exchange transaction (gain) loss (44) (4,909)
Foreign exchange loss from Venezuela currency devaluation 15,116  
Other (674) 120
Changes in operating assets and liabilities:    
Receivables (312) (21,317)
Inventories (3,646) (14,476)
Prepaid expenses and other current assets (13,150) (9,367)
Other assets (534) (3,124)
Accounts payable 4,586 22,948
Royalty overrides (2,051) 7,932
Accrued expenses and accrued compensation 43,761 (3,516)
Advance sales deposits 4,481 5,199
Income taxes (12,546) 20,661
Deferred compensation plan liability 3,527 3,416
NET CASH PROVIDED BY OPERATING ACTIVITIES 351,453 257,443
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (56,048) (39,719)
Proceeds from sale of property, plant and equipment 33 43
Deferred compensation plan assets   (2,609)
NET CASH USED IN INVESTING ACTIVITIES (56,015) (42,285)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (61,823) (70,310)
Borrowings from long-term debt 513,227 806,560
Principal payments on long-term debt (38,250) (454,371)
Share repurchases (165,726) (505,636)
Excess tax benefits from share-based payment arrangements 15 27,212
Proceeds from exercise of stock options and sale of stock under employee stock purchase plan 971 10,356
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 248,414 (186,189)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (27,683) (1,578)
NET CHANGE IN CASH AND CASH EQUIVALENTS 516,169 27,391
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 333,534 258,775
CASH AND CASH EQUIVALENTS, END OF PERIOD 849,703 286,166
CASH PAID DURING THE PERIOD    
Interest paid 12,004 5,884
Income taxes paid $ 117,120 $ 86,214