| 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 PROVIDED BY OPERATING ACTIVITIES: | ||||||||||||
Net earnings | ||||||||||||
171,597 | 282,425 | 107,223 | 166,626 | 241,686 | 200,261 | 177,015 | 222,398 | 221,474 | 248,126 | 230,213 | 200,900 | 133,572 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
103,132 | 66,462 | 71,010 | 57,513 | 49,534 | 57,245 | 62,796 | 59,715 | 77,498 | 61,297 | 42,426 | 45,323 | 30,987 |
Stock-based compensation | ||||||||||||
36,689 | 34,170 | 31,018 | 27,797 | 25,748 | 30,788 | 27,823 | 26,250 | 24,917 | 25,575 | 23,955 | 20,974 | 15,316 |
Gain (Loss) on Disposition of Assets | ||||||||||||
13,666 | 3,349 | 0 | - | 19,166 | 4,129 | 0 | 0 | - | - | - | - | - |
Loss on assets held for sale | ||||||||||||
0 | 0 | 23,588 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||||
44,934 | 14,604 | 25,968 | 5,613 | 2,863 | -1,242 | -2,709 | -10,940 | -12,195 | -14,099 | -608 | -8,756 | -205 |
Inducement loss on exchange offer for convertible notes | ||||||||||||
- | - | - | - | - | - | - | - | - | - | -1,997 | - | 0 |
Other, net | ||||||||||||
-4,123 | 3,832 | 31,256 | -11,992 | -7,722 | 791 | -4,564 | 1,810 | -12,654 | -10,320 | 1,749 | -450 | 98 |
Increase (decrease) in cash, net of acquisitions, resulting from changes in: | ||||||||||||
Accounts receivable | ||||||||||||
-19,372 | -29,057 | 7,758 | 10,704 | -28,258 | 76,705 | -48,640 | -10,693 | -17,992 | 47,711 | -9,981 | 40,640 | 27,303 |
Inventories | ||||||||||||
24,360 | -17,425 | 32,961 | -51,170 | 74,816 | -11,363 | -35,181 | 23,733 | 48,361 | 25,151 | 301 | 30,178 | 34,411 |
Prepaid expenses and other current assets | ||||||||||||
1,744 | 3,427 | -1,217 | 7,706 | -1,858 | -5,754 | -5,434 | 1,004 | 11,104 | -23,975 | 22,946 | 3,750 | 24,324 |
Other assets | ||||||||||||
-1,099 | -2,663 | -12,027 | 10,750 | 4,333 | 24,261 | 1,520 | -1,879 | 5,589 | 28,573 | 10,906 | -3,904 | 829 |
Accounts payable | ||||||||||||
51,752 | -22,449 | 21,558 | -33,465 | 38,660 | 15,040 | -8,617 | -1,672 | -5,565 | 11,563 | 3,293 | -7,324 | 9,879 |
Deferred revenue | ||||||||||||
-6,187 | 8,081 | -9,220 | 2,928 | 3,503 | 93 | -659 | 1,153 | 5,426 | -15,448 | -6,214 | 10,842 | 446 |
Accrued payroll and other liabilities | ||||||||||||
-8,339 | 6,599 | 17,076 | -10,147 | -10,704 | 17,240 | 36,017 | -25,415 | -25,599 | -5,753 | -20,327 | 28,176 | 12,297 |
Accrued income taxes | ||||||||||||
-24,723 | -74,888 | 84,352 | 66,302 | -1,076 | -8,501 | -18,898 | 20,141 | -9,865 | -2,928 | 13,887 | 1,246 | -5,155 |
Other long-term liabilities | ||||||||||||
-10,639 | 13,918 | -5,590 | 2,582 | 3,688 | 4,089 | -10,102 | 7,890 | 2,208 | 14,058 | 9,059 | -1,951 | 5,735 |
Net cash provided by operating activities | ||||||||||||
370,372 | 374,157 | 308,252 | 319,751 | 293,425 | 226,244 | 354,965 | 285,545 | 243,891 | 255,251 | 271,760 | 218,316 | 116,103 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||||
Additions to property and equipment, net | ||||||||||||
44,794 | 30,773 | 42,109 | 35,940 | 68,234 | 61,262 | 52,061 | 58,089 | 41,946 | 65,748 | 41,874 | 27,641 | 44,048 |
Proceeds from sale of assets | ||||||||||||
6,365 | 3,017 | 3,686 | 7,331 | 25,649 | 12,000 | 0 | 0 | - | - | 2,892 | 2 | 93 |
Proceeds from sale of business | ||||||||||||
0 | 25,920 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Business acquisitions, net of cash acquired | ||||||||||||
601,927 | 26,764 | 0 | 419,203 | 92,260 | 0 | 20,073 | 105,909 | 27,182 | 402,721 | 73,565 | 78,762 | 41,981 |
Minority interest and other investments | ||||||||||||
11,030 | 15,500 | 0 | 0 | - | - | - | 3,002 | -1,991 | -3,080 | -4,850 | 7,553 | 1,521 |
Net cash used in investing activities | ||||||||||||
-651,386 | -44,100 | -38,423 | -447,812 | -134,845 | -49,262 | -72,134 | -167,000 | -67,137 | -465,389 | -107,697 | -113,954 | -87,457 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||||
Net proceeds from credit facility and long-term debt, including current portion | ||||||||||||
723,054 | 0 | 0 | 524,560 | 0 | 0 | 150,000 | 0 | 247,708 | 0 | 0 | -3,387 | - |
Repayments of credit agreement | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 19,000 | 26,500 |
Repayment of credit facility and long-term debt | ||||||||||||
468,224 | 0 | 97,500 | 367,435 | 15,000 | 15,000 | 11,250 | 0 | 0 | - | - | - | 7 |
Cash inducement on exchange offer for convertible notes | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 1,997 | - | 0 |
Payments for Repurchase of Common Stock | ||||||||||||
125,000 | 243,706 | 0 | 66,057 | 123,193 | 139,238 | 162,078 | 214,195 | 160,669 | 35,725 | 73,169 | 40,739 | 3,737 |
Dividends paid | ||||||||||||
91,700 | 88,100 | 82,605 | 65,920 | 61,399 | 56,513 | 51,404 | - | 38,037 | 0 | 0 | - | - |
Proceeds from shares issued pursuant to stock-based compensation plans | ||||||||||||
28,418 | 29,124 | 58,241 | 11,966 | 22,499 | 47,581 | 8,650 | 11,198 | 21,706 | 21,469 | 22,325 | 42,063 | 42,795 |
Tax paid for net share exercises and issuance of vested restricted stock units | ||||||||||||
-11,993 | -16,228 | -10,731 | -5,991 | -7,032 | 11,161 | 1,069 | 1,284 | 5,195 | 7,649 | 8,834 | 23,676 | 14,594 |
Other financing activities | ||||||||||||
-523 | -11 | -17 | 13 | -24 | -18 | -1,100 | -166 | -458 | 120 | 465 | - | 0 |
Net cash (used in) provided by financing activities | ||||||||||||
54,040 | -318,944 | -132,612 | 31,136 | -184,149 | -152,027 | -66,113 | -244,329 | 75,445 | -6,487 | -43,542 | 2,613 | 27,145 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
-578 | -18,059 | 20,524 | -14,511 | -33,020 | -36,057 | 4,019 | 6,677 | -4,490 | -12,285 | 12,084 | -21,214 | 9,267 |
Net increase (decrease) in cash and cash equivalents | ||||||||||||
-227,552 | -6,946 | 157,741 | -111,436 | -58,589 | -11,102 | 220,737 | -119,107 | 247,709 | -228,910 | 132,605 | 85,761 | 65,058 |