| Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 | Jun'10 | Mar'10 | Dec'09 | Sep'09 | Jun'09 | Mar'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||||||||||||||
Net earnings | |||||||||||||||||||||||
539,100 | 313,400 | 418,400 | 257,900 | 312,300 | 300,800 | 361,200 | 14,400 | 325,200 | 250,600 | 296,400 | 230,300 | 279,700 | 251,000 | 248,600 | 158,800 | 263,100 | -668,700 | 241,500 | 169,000 | 222,800 | 179,200 | 176,800 | 45,000 |
Non-cash items included in net earnings: | |||||||||||||||||||||||
Depreciation and amortization | |||||||||||||||||||||||
63,100 | 64,000 | 60,400 | 60,600 | 59,500 | 60,700 | 61,300 | 73,100 | 65,200 | 64,500 | 64,200 | 62,700 | 64,000 | 63,500 | 62,500 | 63,400 | 63,200 | 61,300 | 66,300 | 66,300 | 65,800 | 64,100 | 63,200 | 69,000 |
Amortization of original issue discount and debt issuance costs | |||||||||||||||||||||||
700 | 700 | 700 | 700 | 700 | 700 | 700 | 500 | 500 | 400 | 500 | 500 | 500 | 400 | 1,300 | 7,500 | 7,400 | 7,100 | 7,000 | 6,900 | 6,800 | 6,700 | 6,700 | 7,300 |
Amortization of net realized gain on interest rate swaps | |||||||||||||||||||||||
-3,800 | -3,800 | -3,700 | -3,700 | -3,600 | -3,600 | -3,600 | -3,600 | -3,500 | -3,500 | -400 | -300 | -300 | -300 | -400 | -300 | -300 | -300 | -400 | -300 | -300 | -300 | -400 | -300 |
Deferred income tax benefit | |||||||||||||||||||||||
-66,400 | -17,300 | 0 | 3,900 | -58,100 | -32,800 | -12,600 | -88,700 | -47,700 | -28,300 | -9,700 | -2,600 | -18,100 | -6,600 | -17,600 | -26,600 | -98,500 | -144,700 | 6,200 | -12,100 | -56,600 | -12,400 | -3,500 | -40,300 |
Acquired in-process research and development technology | |||||||||||||||||||||||
- | - | - | 10,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Loss on disposal and impairment of assets | |||||||||||||||||||||||
-21,100 | -8,000 | -500 | -200 | -1,900 | -2,700 | -700 | -500 | -700 | -5,000 | 100 | -100 | -2,100 | 0 | 600 | 1,500 | -30,000 | 11,400 | 300 | 400 | -7,200 | 6,300 | 200 | -3,100 |
Loss on extinguishment of convertible debt | |||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -10,600 | 10,600 | 0 | -5,300 |
Unrealized (gain) loss on derivative instruments | |||||||||||||||||||||||
18,200 | 34,100 | -10,900 | -4,200 | 6,100 | -7,600 | 10,600 | 1,300 | -100 | -7,100 | 4,400 | -12,500 | -900 | 16,800 | 2,100 | -6,900 | -14,600 | 15,200 | -8,900 | 700 | -30,800 | 31,700 | -11,700 | -2,800 |
Expense of share-based compensation plans | |||||||||||||||||||||||
52,600 | 41,000 | 31,400 | 34,700 | 29,800 | 27,800 | 27,800 | 29,000 | 29,400 | 26,900 | 26,800 | 26,000 | 22,000 | 22,400 | 21,100 | 20,800 | 20,500 | 18,100 | 17,100 | 18,200 | 18,600 | 16,900 | 18,200 | 98,200 |
Loss on sale of discontinued operations | |||||||||||||||||||||||
0 | 0 | 0 | 0 | -3,300 | -58,700 | 0 | -346,200 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Impairment of intangible assets and related costs | |||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 | 4,300 | 0 | 16,100 | - | - | - | - | - | - | - | - |
(Income) expense from changes in fair value of contingent consideration | |||||||||||||||||||||||
400 | -18,900 | 3,700 | -300 | 65,900 | 1,500 | -2,500 | 5,800 | -10,400 | 2,400 | 12,800 | 600 | 9,600 | 0 | 2,300 | 0 | - | - | - | - | - | - | - | - |
Restructuring charges | |||||||||||||||||||||||
38,100 | 185,500 | -1,500 | 24,300 | 600 | 600 | 0 | 4,300 | 1,000 | 3,800 | 900 | 0 | 0 | -100 | 100 | 4,600 | -500 | 100 | 100 | 600 | 3,600 | 4,200 | 1,000 | 42,100 |
Intangible asset impairment | |||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - |
Loss on investments | |||||||||||||||||||||||
-3,100 | 0 | 0 | 0 | 0 | 0 | 0 | -3,700 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||||||||||||||||
Trade receivables | |||||||||||||||||||||||
-28,500 | -14,300 | 55,000 | 103,500 | -33,800 | -19,600 | 40,200 | 152,800 | -116,800 | -1,100 | 28,100 | 124,100 | 23,900 | 1,900 | 65,600 | 14,200 | 82,800 | 36,500 | -59,500 | 11,600 | 31,700 | -46,600 | 23,400 | 9,200 |
Inventories | |||||||||||||||||||||||
18,900 | 14,100 | -1,400 | 12,200 | 4,300 | 3,000 | 19,700 | -100 | -4,900 | 2,200 | 5,500 | 4,500 | 4,600 | 14,200 | -1,500 | 6,700 | 4,700 | -7,500 | 11,500 | -3,100 | -118,500 | 86,300 | -31,700 | -3,800 |
Other current assets | |||||||||||||||||||||||
13,800 | 13,700 | 2,600 | -6,800 | 24,000 | 5,500 | -20,900 | -7,800 | -3,400 | 20,400 | 7,300 | -8,300 | 6,700 | 13,900 | 7,800 | 4,700 | -10,400 | -11,500 | 37,500 | -22,900 | -29,600 | 46,500 | -13,800 | -8,000 |
Other non-current assets | |||||||||||||||||||||||
16,200 | -3,300 | 12,100 | 4,700 | 7,300 | -400 | 5,300 | 3,300 | 2,400 | -49,900 | -2,500 | 5,900 | 0 | 6,900 | 1,100 | 5,400 | 29,100 | -8,000 | 200 | -2,700 | 40,500 | -19,900 | 2,500 | -2,800 |
Accounts payable | |||||||||||||||||||||||
7,000 | -21,100 | -7,400 | 23,400 | 14,800 | 29,000 | 22,100 | -28,500 | 19,100 | 9,600 | -500 | 4,500 | 12,800 | -3,100 | -7,400 | -21,600 | 32,000 | -1,200 | -56,300 | 34,100 | -25,100 | 40,600 | -2,100 | 9,100 |
Accrued expenses | |||||||||||||||||||||||
12,900 | 67,400 | 82,400 | -46,800 | 52,100 | 76,900 | 47,500 | -66,300 | -40,900 | 80,800 | 51,800 | -18,600 | 17,200 | 19,100 | 56,500 | -53,700 | 1,000 | 31,900 | 60,800 | -59,300 | 40,000 | 31,600 | 26,800 | -82,200 |
Income taxes | |||||||||||||||||||||||
9,500 | -19,100 | -30,900 | -83,500 | 44,500 | 34,500 | 22,500 | -36,600 | 14,000 | 4,300 | 22,900 | 11,200 | 18,100 | 30,000 | -51,800 | -16,100 | 3,900 | -22,200 | 22,500 | -21,800 | 44,400 | -12,200 | 9,200 | -43,000 |
Other liabilities | |||||||||||||||||||||||
43,300 | 1,700 | -13,300 | -6,200 | -11,900 | 2,400 | 11,300 | 15,300 | 2,200 | 9,700 | 6,600 | 8,200 | 4,400 | -6,200 | 4,500 | 10,900 | 2,000 | 13,100 | -7,900 | -12,300 | 11,700 | 29,000 | 5,700 | -5,000 |
Net cash provided by operating activities | |||||||||||||||||||||||
694,200 | 594,500 | 473,300 | 165,800 | 515,300 | 579,000 | 481,500 | 119,600 | 499,900 | 461,700 | 429,400 | 208,900 | 380,400 | 320,200 | 243,100 | 138,200 | -357,000 | 309,600 | 338,000 | 173,300 | 321,800 | 342,300 | 332,700 | 116,500 |
Cash flows from investing activities: | |||||||||||||||||||||||
Purchases of short-term investments | |||||||||||||||||||||||
0 | 159,900 | 445,600 | 664,300 | 381,100 | 459,700 | 134,800 | 50,000 | 160,600 | 199,900 | 284,800 | 219,900 | 179,900 | 66,400 | 174,900 | 149,900 | 324,800 | 499,300 | 0 | 0 | - | - | - | - |
Purchases of equity investments | |||||||||||||||||||||||
10,300 | 0 | 0 | 10,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Acquisitions, net of cash acquired | |||||||||||||||||||||||
0 | 67,500 | 0 | 0 | 0 | 0 | 20,700 | 871,400 | 346,100 | 0 | 0 | 3,100 | 2,500 | 91,900 | 7,000 | 0 | 0 | 6,100 | 0 | 63,700 | - | - | - | - |
Additions to property, plant and equipment | |||||||||||||||||||||||
58,500 | 75,500 | 63,500 | 46,400 | 74,500 | 35,000 | 38,700 | 23,700 | 45,200 | 40,800 | 34,200 | 23,100 | 43,200 | 29,100 | 29,200 | 17,100 | 52,500 | 20,300 | 17,500 | 12,500 | 45,700 | 22,700 | 15,900 | 11,500 |
Additions to capitalized software | |||||||||||||||||||||||
6,400 | 4,000 | 5,000 | 3,600 | 3,200 | 3,000 | 2,900 | 2,700 | 6,400 | 3,800 | 2,000 | 1,700 | 3,300 | 1,800 | 2,800 | 3,300 | 3,100 | 3,500 | 3,800 | 2,900 | 4,500 | 4,700 | 8,500 | 8,900 |
Additions to intangible assets | |||||||||||||||||||||||
0 | 5,000 | 10,000 | 0 | 0 | 0 | 0 | 300 | 0 | 600 | 3,500 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from maturities of short-term investments | |||||||||||||||||||||||
219,600 | 410,900 | 719,800 | 465,600 | 302,700 | 119,900 | 0 | 260,600 | 179,900 | 224,900 | 329,800 | 50,000 | 66,400 | 299,800 | 124,800 | 649,300 | 75,000 | 0 | 0 | 0 | - | - | - | - |
Proceeds from sale of business | |||||||||||||||||||||||
0 | 0 | 0 | 1,800 | 42,700 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Contractual purchase price adjustment to prior acquisition | |||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 1,700 | - | - | - | - |
Proceeds from sale of property, plant and equipment | |||||||||||||||||||||||
200 | 100 | 100 | 100 | 100 | 300 | 0 | 100 | 500 | 700 | 300 | 300 | 100 | 300 | 600 | 200 | 400 | 0 | 0 | 0 | - | - | - | - |
Net cash provided by (used in) investing activities | |||||||||||||||||||||||
144,600 | 99,100 | 195,800 | -256,800 | -113,300 | -377,500 | -197,100 | -687,400 | -377,900 | -19,500 | 5,600 | -197,500 | -161,900 | 111,100 | -87,600 | 479,200 | -327,400 | -547,700 | -21,300 | -80,800 | -53,200 | -12,300 | -12,800 | -20,400 |
Cash flows from financing activities: | |||||||||||||||||||||||
Repayments of convertible borrowings | |||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 98,300 |
Dividends to stockholders | |||||||||||||||||||||||
14,900 | 14,900 | 14,900 | 14,900 | 14,800 | 14,900 | 14,800 | 14,900 | 15,000 | 15,000 | 15,200 | 15,200 | 15,300 | 15,200 | 15,300 | 15,300 | 15,200 | 15,100 | 15,200 | 15,100 | 15,100 | 15,200 | 15,100 | 15,200 |
Payments to acquire treasury stock | |||||||||||||||||||||||
4,100 | 1,100 | 436,000 | 398,000 | 1,400 | 200 | 700 | 648,400 | 185,700 | 174,300 | 332,100 | 216,900 | 87,700 | 75,000 | 136,100 | 162,900 | 87,100 | 63,200 | 76,100 | 59,600 | - | - | - | - |
Payments of contingent consideration | |||||||||||||||||||||||
0 | 0 | 2,600 | 7,600 | 50,100 | 0 | 1,000 | 10,100 | 0 | 0 | 0 | 5,100 | 0 | 0 | 100 | 2,900 | 0 | 0 | 0 | 0 | - | - | - | - |
Net borrowings (repayments) of notes payable | |||||||||||||||||||||||
16,300 | -5,100 | -100 | 5,400 | 18,400 | -14,400 | -5,600 | 8,400 | 8,000 | -1,600 | -45,300 | 3,800 | 5,000 | 2,800 | 14,700 | 8,200 | 9,600 | 5,400 | -4,900 | -3,500 | 1,800 | 2,500 | 11,100 | -3,300 |
Debt issuance costs | |||||||||||||||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 1,100 | 3,700 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of senior notes, net of discount | |||||||||||||||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 598,500 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Sale of stock to employees | |||||||||||||||||||||||
132,700 | 52,500 | 118,200 | 217,600 | 19,200 | 19,500 | 28,400 | 112,200 | 92,500 | 26,800 | 40,000 | 87,100 | 58,300 | 27,500 | 97,800 | 80,400 | 143,400 | 33,800 | 20,800 | 36,000 | 30,900 | 22,200 | 5,400 | 5,000 |
Excess tax benefits from share-based compensation | |||||||||||||||||||||||
53,400 | 16,200 | 38,900 | 59,000 | 4,100 | 1,800 | 1,000 | 30,800 | 21,200 | 3,500 | 6,100 | 14,900 | 16,900 | 3,100 | 13,100 | 4,600 | 22,400 | 3,700 | 1,000 | 0 | 4,400 | 2,900 | -100 | 100 |
Net cash (used in) provided by financing activities | |||||||||||||||||||||||
183,400 | 47,600 | -296,500 | -138,500 | -42,600 | -8,200 | 6,200 | 72,800 | -79,000 | -160,600 | -346,500 | -131,400 | -22,800 | -56,800 | -834,800 | -87,900 | 73,000 | 606,600 | -74,400 | -42,200 | -16,900 | -23,300 | -29,600 | -111,700 |
Effect of exchange rate changes on cash and equivalents | |||||||||||||||||||||||
-21,600 | -20,300 | 2,000 | -1,300 | 400 | 9,000 | -5,400 | -8,000 | 3,800 | 4,700 | -11,500 | 5,600 | -1,600 | -19,000 | 5,000 | 10,100 | -700 | 15,200 | -12,400 | -7,700 | -3,200 | 3,800 | 9,500 | -6,500 |
Net increase in cash and equivalents | |||||||||||||||||||||||
1,000,600 | 720,900 | 374,600 | -230,800 | 359,800 | 202,300 | 285,200 | -503,000 | 46,800 | 286,300 | 77,000 | -114,400 | 194,100 | 355,500 | -674,300 | 539,600 | -612,100 | 383,700 | 229,900 | 42,600 | 248,500 | 310,500 | 299,800 | -22,100 |
Supplemental disclosure of cash flow information | |||||||||||||||||||||||
Cash paid for: | |||||||||||||||||||||||
Interest, net of amount capitalized | |||||||||||||||||||||||
23,800 | 17,700 | 24,400 | 17,500 | 28,300 | 18,800 | 24,300 | 11,900 | 24,300 | 8,500 | 18,500 | 12,900 | 17,800 | 12,400 | 22,400 | 11,900 | 22,700 | 1,100 | 23,000 | 1,200 | 22,200 | 600 | 23,200 | 7,700 |
Income taxes, net of refunds | |||||||||||||||||||||||
66,800 | 129,700 | 161,800 | 129,500 | 164,500 | 99,200 | 114,300 | 77,300 | 145,700 | 95,000 | 99,300 | 67,000 | 91,700 | 69,800 | 144,600 | 93,200 | 141,700 | 107,200 | 57,300 | 104,600 | 96,600 | 67,700 | 69,000 | 99,300 |