| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net Income (Loss) Attributable to Parent | ||||||||||||
790,900 | 751,900 | 578,600 | 499,400 | 516,400 | 494,150 | 448,636 | 420,536 | 357,929 | 265,356 | 184,357 | 279,705 | 232,622 |
Adjustments to reconcile net earnings to net cash provided by operating activities, net of acquisition: | ||||||||||||
Depreciation of property and equipment | ||||||||||||
144,600 | 134,100 | 123,600 | 103,500 | 86,100 | 72,145 | 63,770 | 53,459 | 44,113 | 40,688 | 40,020 | 39,201 | 37,332 |
Gain on sale of property and equipment | ||||||||||||
1,200 | 500 | 1,000 | 500 | 1,400 | 964 | 643 | 403 | -194 | -35 | -850 | -167 | 99 |
Bad debt expense | ||||||||||||
5,500 | 8,100 | 8,200 | 8,600 | 8,800 | 11,480 | 9,421 | 9,726 | 9,217 | 8,658 | 9,409 | 7,498 | 5,343 |
Deferred income taxes | ||||||||||||
15,000 | 33,800 | -30,000 | 25,600 | 8,300 | 1,760 | 8,129 | 15,442 | 15,747 | 1,602 | 6,099 | -2,419 | -911 |
Share-based Payment Arrangement, Noncash Expense | ||||||||||||
5,700 | 5,100 | 5,200 | 4,100 | 5,800 | 7,039 | 5,400 | 4,800 | 4,050 | 4,030 | 3,850 | 3,247 | 1,915 |
Excess tax benefits from stock-based compensation | ||||||||||||
- | - | - | - | - | 2,094 | 2,787 | 10,149 | 0 | 0 | - | - | - |
Amortization of intangible assets | ||||||||||||
4,100 | 4,100 | 3,800 | 500 | 500 | 527 | 421 | 593 | 593 | 67 | 67 | 67 | 67 |
Changes in operating assets and liabilities, net of acquisition: | ||||||||||||
Trade accounts receivable | ||||||||||||
30,400 | 120,300 | 103,700 | 40,500 | 20,600 | 63,418 | 51,593 | 43,291 | 77,678 | 64,622 | -21,362 | 16,107 | 32,142 |
Inventories | ||||||||||||
84,400 | 193,300 | 76,300 | 80,900 | 47,800 | 87,622 | 68,685 | 69,231 | 88,783 | 48,964 | -60,425 | 59,655 | 48,595 |
Other current assets | ||||||||||||
10,400 | 28,900 | 15,600 | -29,100 | 15,800 | 7,510 | 10,627 | 7,528 | 19,294 | 24,577 | -17,747 | -4,203 | 7,410 |
Accounts payable | ||||||||||||
-800 | 46,100 | 36,300 | -17,200 | 20,600 | 12,501 | 13,234 | 4,240 | 13,305 | 6,984 | -14,172 | 8,596 | 13,982 |
Accrued expenses | ||||||||||||
10,700 | 46,800 | 37,600 | -28,600 | 11,100 | 25,263 | 22,424 | 14,193 | 15,550 | 30,393 | -17,526 | 7,980 | 14,021 |
Income taxes | ||||||||||||
-7,700 | -15,500 | 19,400 | 15,500 | -26,600 | 34,405 | -14,714 | 704 | -3,222 | 16,956 | -12,156 | -6,374 | 5,892 |
Other | ||||||||||||
-1,100 | -2,700 | 900 | -1,300 | -4,900 | -1,730 | 6,266 | -3,201 | 3,232 | -3,882 | -5,738 | -6,211 | -5,878 |
Net cash provided by operating activities | ||||||||||||
842,700 | 674,200 | 585,200 | 519,900 | 550,300 | 499,392 | 416,120 | 396,292 | 268,489 | 240,488 | 306,070 | 259,898 | 227,895 |
Cash flows from investing activities: | ||||||||||||
Purchases of property and equipment | ||||||||||||
246,400 | 176,300 | 119,900 | 189,500 | 155,200 | 189,474 | 206,540 | 138,406 | 120,043 | 73,597 | 52,538 | 95,306 | 55,759 |
Proceeds from sale of property and equipment | ||||||||||||
6,600 | 9,500 | 7,400 | 6,500 | 9,900 | 5,819 | 4,990 | 4,524 | 3,554 | 4,459 | 4,863 | 8,383 | 5,929 |
Cash paid for acquisition | ||||||||||||
0 | 3,700 | 58,700 | 0 | 23,500 | 5,575 | 0 | 0 | - | - | 5,032 | 0 | 0 |
Net decrease in marketable securities | ||||||||||||
- | - | - | - | - | -451 | 97 | -26,811 | -4,054 | 581 | 28,941 | -412 | -12,421 |
Other | ||||||||||||
-100 | 3,400 | 8,100 | 5,100 | 11,800 | 2 | 145 | 133 | -212 | 10,329 | 101 | 72 | 265 |
Net cash used in investing activities | ||||||||||||
-239,700 | -173,900 | -179,300 | -188,100 | -180,600 | -188,781 | -201,792 | -107,204 | -112,223 | -80,048 | -81,749 | -86,583 | -37,674 |
Cash flows from financing activities: | ||||||||||||
Proceeds from debt obligations | ||||||||||||
910,000 | 980,000 | 1,015,000 | 950,000 | 1,215,000 | 705,000 | - | - | - | - | - | - | - |
Payments against debt obligations | ||||||||||||
1,065,000 | 895,000 | 980,000 | 920,000 | 955,000 | 615,000 | - | - | - | - | - | - | - |
Borrowings under credit facility | ||||||||||||
- | - | - | - | - | - | 260,000 | 0 | 0 | - | - | - | - |
Payments against credit facility | ||||||||||||
- | - | - | - | - | - | 260,000 | 0 | 0 | - | - | - | - |
Proceeds from exercise of stock options | ||||||||||||
58,500 | 13,400 | 9,500 | 29,300 | 19,100 | 7,697 | 9,306 | 29,644 | 8,939 | 0 | 0 | - | - |
Excess tax benefits from stock-based compensation | ||||||||||||
- | - | - | - | - | 2,094 | 2,787 | 10,149 | 983 | 0 | 0 | - | - |
Purchases of common stock | ||||||||||||
0 | 103,000 | 82,600 | 59,500 | 292,900 | 52,942 | 9,080 | 0 | 0 | - | 41,104 | 25,958 | 87,312 |
Payments of dividends | ||||||||||||
498,600 | 441,900 | 369,100 | 346,600 | 327,100 | 296,581 | 237,456 | 367,306 | 191,741 | 182,814 | 106,943 | 117,474 | 66,216 |
Net cash used in financing activities | ||||||||||||
-595,100 | -446,500 | -407,200 | -346,800 | -340,900 | -249,732 | -234,443 | -327,513 | -181,819 | -182,814 | -148,047 | -143,432 | -153,528 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
-200 | -3,500 | 5,500 | -1,300 | -14,200 | -4,889 | -990 | 360 | -464 | 1,215 | 2,686 | -1,211 | 1,181 |
Net (decrease) increase in cash and cash equivalents | ||||||||||||
7,700 | 50,300 | 4,200 | -16,300 | 14,600 | 55,990 | -21,105 | -38,065 | -26,017 | -21,159 | 78,960 | 28,672 | 37,874 |
Supplemental information: | ||||||||||||
Cash paid for interest | ||||||||||||
13,900 | 12,600 | 8,700 | 6,200 | 3,100 | 915 | 113 | 0 | 0 | - | - | - | - |
Net cash paid for income taxes | ||||||||||||
242,700 | 215,300 | 304,100 | 248,300 | 327,000 | 257,514 | 270,615 | 268,357 | 205,614 | 146,726 | 118,035 | 173,539 | 144,318 |