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
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 118,873 $ 107,931
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,964 18,590
Excess tax benefits from share-based payment arrangements (447) (20,675)
Share-based compensation expenses 7,866 7,227
Amortization of deferred financing costs 650 286
Deferred income taxes (3,773) (597)
Unrealized foreign exchange transaction (gain) loss (10,971) (3,868)
Foreign exchange loss from Venezuela currency devaluation 15,116  
Other (890) 391
Changes in operating assets and liabilities:    
Receivables 3,216 (14,759)
Inventories 5,012 9,742
Prepaid expenses and other current assets (8,200) (4,029)
Other assets (15) (905)
Accounts payable 4,900 11,496
Royalty overrides (21,472) (2,302)
Accrued expenses and accrued compensation (15,517) (17,373)
Advance sales deposits (3,857) 9,062
Income taxes 23,097 16,720
Deferred compensation plan liability 3,075 3,431
NET CASH PROVIDED BY OPERATING ACTIVITIES 137,627 120,368
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant and equipment (24,856) (24,691)
Proceeds from sale of property, plant and equipment 24 15
Deferred compensation plan assets   (2,552)
NET CASH USED IN INVESTING ACTIVITIES (24,832) (27,228)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends paid (30,904) (35,172)
Borrowings from long-term debt 513,223 114,560
Principal payments on long-term debt (25,509) (86,402)
Share repurchases (164,485) (72,942)
Excess tax benefits from share-based payment arrangements 447 20,675
Proceeds from exercise of stock options and sale of stock under employee stock purchase plan 425 7,128
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 293,197 (52,153)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (17,052) 6,099
NET CHANGE IN CASH AND CASH EQUIVALENTS 388,940 47,086
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 333,534 258,775
CASH AND CASH EQUIVALENTS, END OF PERIOD 722,474 305,861
CASH PAID DURING THE PERIOD    
Interest paid 5,486 2,477
Income taxes paid $ 31,853 $ 29,958