| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Jan'16 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
486,896 | 423,847 | 475,505 | 459,622 | 473,398 | 493,825 | 391,758 | 387,670 | 394,682 | 346,053 | 270,373 | 238,038 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
238,371 | 238,184 | 249,260 | 258,387 | 269,476 | 284,693 | 207,795 | 189,544 | 175,949 | 164,437 | 150,917 | 146,580 |
Share-based compensation | |||||||||||
37,438 | 27,760 | 35,267 | 20,452 | 36,929 | 21,705 | 13,191 | 15,236 | 19,553 | 22,311 | 19,682 | 17,707 |
Loss and impairment of long-lived assets | |||||||||||
-6,671 | -15,956 | -17,106 | -5,999 | -12,882 | -13,281 | -1,599 | - | - | - | - | - |
Provision (benefit) for deferred income taxes | |||||||||||
23,148 | 15,956 | -151,263 | 20,213 | -9,219 | 48,468 | -2,237 | 26,893 | 53,037 | 40,503 | 66,622 | -2,702 |
Loss on property and equipment, net | |||||||||||
- | - | - | - | - | - | - | -2,699 | -5,228 | -6,534 | 8,975 | 2,232 |
Other | |||||||||||
-12,437 | -2,195 | -3,123 | 2,039 | -2,660 | -2,631 | -1,679 | -1,582 | -1,098 | -1,106 | 360 | 360 |
Excess tax benefit from share-based compensation | |||||||||||
- | - | - | - | - | 10,487 | 16,320 | 23,099 | 9,663 | 7,260 | -3,219 | -9,047 |
Net change in: | |||||||||||
Receivables, net | |||||||||||
62,837 | 21,471 | -36,047 | 41,642 | 21,476 | 48,209 | 32,428 | 89,482 | 15,372 | 31,667 | 4,643 | -11,943 |
Inventory write-down for change in inventory management approach | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 37,484 |
Inventories | |||||||||||
63,130 | 206,125 | -167,548 | 144,603 | 244,096 | 227,657 | 203,513 | 260,298 | 179,288 | 232,003 | -8,779 | -130,657 |
Other assets | |||||||||||
- | - | - | - | - | 63,482 | -11,011 | -8,213 | -23,073 | 13,105 | -15,694 | -6,178 |
Accounts payable | |||||||||||
245,785 | 285,493 | -197,168 | -119,325 | 119,164 | 216,412 | 113,497 | 376,631 | 360,678 | 325,839 | 174,944 | 102,360 |
Accrued expenses | |||||||||||
-72,288 | 93,940 | -13,295 | 49,341 | 35,103 | -28,862 | 63,346 | 40,936 | -15,901 | 38,715 | 20,778 | 84,806 |
Other assets and liabilities, net | |||||||||||
-14,418 | 64,707 | 21,325 | -16,898 | -27,823 | 6,673 | -4,128 | 8,756 | 15,775 | 4,696 | 10,088 | 9,699 |
Net cash provided by operating activities | |||||||||||
866,909 | 811,028 | 600,805 | 523,303 | 702,644 | 708,991 | 545,250 | 685,281 | 828,849 | 666,159 | 699,690 | 478,739 |
Cash flows from investing activities: | |||||||||||
Purchases of property and equipment | |||||||||||
270,129 | 193,715 | 189,758 | 259,559 | 234,747 | 228,446 | 195,757 | 271,182 | 268,129 | 199,585 | 192,934 | 184,986 |
Business acquisitions, net of cash acquired | |||||||||||
- | - | - | - | - | 2,060,783 | 186,137 | 8,369 | 23,133 | 0 | 0 | - |
Sale of certain assets of acquired business | |||||||||||
- | - | - | - | - | - | 19,042 | 0 | 0 | - | - | - |
Proceeds from sales of property and equipment | |||||||||||
8,709 | 1,888 | 11,099 | 2,212 | 270 | 992 | 745 | 6,573 | 1,288 | 235 | 7,395 | 6,790 |
Other, net | |||||||||||
0 | 0 | -20 | 4,697 | 18,889 | - | - | - | - | - | - | 3,413 |
Net cash used in investing activities | |||||||||||
-462,939 | -191,827 | -178,639 | -262,044 | -253,366 | -2,288,237 | -362,107 | -272,978 | -289,974 | -199,350 | -185,539 | -181,609 |
Cash flows from financing activities: | |||||||||||
Decrease in bank overdrafts | |||||||||||
-59,339 | 32,014 | 14,004 | -5,573 | -2,922 | 16,219 | -2,926 | -7,459 | 6,625 | 28 | -11,060 | -9,412 |
Decrease in financed vendor accounts payable | |||||||||||
- | - | - | - | - | - | - | - | -31,648 | -444 | -104,294 | -17,163 |
Issuance of senior unsecured notes | |||||||||||
- | - | - | - | - | - | 448,605 | 299,904 | 0 | 298,761 | 0 | 0 |
Payment of debt related costs | |||||||||||
- | - | - | - | - | - | 8,815 | 2,942 | 3,656 | 4,572 | 0 | 0 |
Proceeds from borrowings on revolving credit facility | |||||||||||
0 | 0 | 534,400 | 799,600 | 618,300 | 2,238,200 | 0 | 58,500 | 1,435,200 | -75,000 | -173,400 | -438,600 |
Redemption of senior unsecured notes | |||||||||||
310,047 | 0 | 0 | - | - | - | - | - | - | 200,000 | 0 | 0 |
Payments on credit facilities | |||||||||||
0 | 0 | 534,400 | 959,600 | 1,041,700 | 1,654,800 | 0 | 173,500 | 1,320,200 | 75,000 | 424,900 | 488,100 |
Payments on note payable | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 666 |
Dividends paid | |||||||||||
17,185 | 17,819 | 17,854 | 17,738 | 17,649 | 17,580 | 17,574 | 17,596 | 18,554 | 21,051 | 22,803 | 23,181 |
Proceeds from the issuance of common stock | |||||||||||
3,334 | 3,200 | 4,076 | 4,532 | 5,174 | 6,578 | 3,611 | 8,495 | 21,056 | 42,160 | 35,402 | 35,220 |
Payment, Tax Withholding, Share-based Payment Arrangement | |||||||||||
- | - | - | 19,558 | 13,112 | 7,102 | 21,856 | 26,677 | -6,582 | -6,047 | - | - |
Excess tax benefit from share-based compensation | |||||||||||
- | - | - | - | - | 10,487 | 16,320 | 23,099 | 9,663 | 7,260 | 3,219 | 9,047 |
Repurchases of common stock | |||||||||||
498,435 | 281,354 | 6,498 | 18,393 | 6,665 | 5,154 | 80,795 | 27,095 | 631,149 | 622,442 | 100,062 | 219,429 |
Contingent consideration related to previous business acquisition | |||||||||||
- | - | - | - | - | -10,047 | -4,726 | -10,911 | 0 | 0 | 0 | - |
Other, net | |||||||||||
-481 | 44 | -8,600 | -390 | -380 | -890 | -627 | 4,089 | -938 | -1,271 | -393 | 658 |
Net cash provided by (used in) financing activities | |||||||||||
-882,153 | -263,915 | -14,872 | -217,120 | -458,954 | 575,911 | 331,217 | 127,907 | -540,183 | -507,618 | -451,491 | -274,426 |
Effect of exchange rate changes on cash | |||||||||||
321 | -5,696 | 4,465 | 257 | -4,213 | -4,465 | 0 | 0 | - | - | - | - |
Cash and Cash Equivalents, Period Increase (Decrease) | |||||||||||
-477,862 | 349,590 | 411,759 | 44,396 | -13,889 | -1,007,800 | 514,360 | 540,210 | -1,308 | -40,809 | 62,660 | 22,704 |
Supplemental cash flow information: | |||||||||||
Interest paid | |||||||||||
41,099 | 45,322 | 53,509 | 55,457 | 62,371 | 71,109 | 34,735 | 27,250 | 35,030 | 15,782 | 18,935 | 27,224 |
Income tax payments | |||||||||||
108,163 | 143,213 | 192,116 | 225,327 | 254,408 | 268,624 | 219,424 | 162,677 | 170,541 | 164,987 | 126,391 | 106,715 |
Non-cash transactions: | |||||||||||
Accrued purchases of property and equipment | |||||||||||
26,201 | 15,365 | 14,335 | 21,176 | 44,038 | 28,877 | 20,714 | 26,142 | 35,648 | 43,365 | 28,838 | - |
Retirement of common stock | |||||||||||
- | - | - | - | - | - | - | 1,644,767 | 0 | 0 | - | - |
Changes in other comprehensive income from post retirement benefits | |||||||||||
- | - | - | - | - | -752 | 1,016 | -137 | - | - | 2,650 | -8,648 |
Declared but unpaid cash dividends | |||||||||||
- | - | - | - | - | 4,384 | 4,368 | 4,396 | 4,356 | 4,930 | 5,587 | 5,657 |
Contingent consideration accrued on acquisitions | |||||||||||
- | - | - | - | - | - | - | - | 27,776 | 0 | - | - |
Total other comprehensive income (loss) | |||||||||||
- | - | - | - | - | - | - | - | 4,401 | 5,102 | - | - |
Repurchases of common stock not settled | |||||||||||
- | - | - | - | - | - | - | - | - | 14,994 | 0 | 0 |