| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||||
Net income | ||||||||||||
621,085 | 810,474 | 616,757 | 687,240 | 705,672 | 711,286 | 684,959 | 648,041 | 565,116 | 475,511 | 399,575 | 475,417 | 506,339 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
270,288 | 241,635 | 167,691 | 147,487 | 141,675 | 148,313 | 133,957 | 98,383 | 88,936 | 89,332 | 90,411 | 88,698 | -87,702 |
Loss (gain) on sale of property, plant, and equipment | ||||||||||||
- | - | - | 15,237 | 3,189 | 3,719 | 4,729 | 3,943 | 3,012 | 1,685 | 3,757 | 2,086 | -2,214 |
Deferred income taxes | ||||||||||||
-70,932 | 3,891 | 65,990 | 33,226 | 35,544 | 54,319 | -21,622 | 14,751 | -2,337 | 11,994 | 27,899 | -40,023 | 8,066 |
Share-based compensation | ||||||||||||
32,050 | 20,716 | 16,892 | 19,719 | 17,717 | 16,239 | 12,648 | 10,747 | 7,547 | 7,016 | 8,578 | 12,977 | -14,300 |
Excess tax benefits from share-based compensation | ||||||||||||
4,920 | 4,232 | 3,134 | 12,021 | 7,024 | 17,766 | 12,905 | 11,018 | 5,356 | 3,251 | -684 | -586 | -4,438 |
Foreign Currency Transaction Gain (Loss), before Tax | ||||||||||||
-41,499 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Increase (Decrease) in Equity Securities, FV-NI | ||||||||||||
38,663 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Goodwill impairment charge | ||||||||||||
81,968 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Other operating activities | ||||||||||||
-13,801 | 1,579 | -18,040 | - | - | - | - | - | - | - | - | - | - |
Gain on GPC Asia Pacific equity investment | ||||||||||||
- | - | - | - | - | - | 59,000 | - | - | - | - | - | - |
Changes in operating assets and liabilities: | ||||||||||||
Trade accounts receivable, net | ||||||||||||
116,145 | 72,041 | 19,273 | 53,544 | -1,974 | 225,178 | 116,080 | -13,366 | 85,011 | 140,562 | -69,258 | 19,695 | 38,330 |
Merchandise inventories, net | ||||||||||||
66,202 | 73,173 | 9,923 | 64,214 | 21,821 | 100,820 | 79,253 | 25,845 | 19,624 | -44,865 | -194,743 | 20,709 | -42,087 |
Trade accounts payable | ||||||||||||
70,679 | 364,639 | 61,474 | 240,717 | 331,419 | 292,257 | 473,424 | 220,694 | 85,766 | 280,739 | 49,947 | -14,307 | -65,103 |
Other short-term assets and liabilities | ||||||||||||
-10,212 | 97,864 | 1,544 | -37,271 | -967 | -15,616 | 14,418 | 86,294 | 52,166 | - | - | - | - |
Other long-term assets and liabilities | ||||||||||||
-74,892 | 50,460 | 61,847 | 74,566 | 43,561 | 100,402 | -59,750 | -27,556 | -45,068 | - | - | - | - |
Other long-term assets | ||||||||||||
- | - | - | - | - | - | - | - | - | 48,423 | 28,506 | -49,729 | -11,806 |
Other | ||||||||||||
- | - | - | - | - | - | - | - | - | 36,873 | -36,466 | 278 | -1,692 |
Changes in operating assets and liabilities | ||||||||||||
- | - | - | -258,838 | -453,701 | -78,859 | -371,772 | -258,397 | -59,811 | -203,152 | -445,723 | -54,892 | 135,132 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | ||||||||||||
892,010 | 1,145,164 | 815,043 | 946,078 | 1,159,373 | 790,145 | 1,056,731 | 906,438 | 624,927 | 678,663 | 845,298 | 530,309 | 641,471 |
Investing activities: | ||||||||||||
Purchases of property, plant and equipment | ||||||||||||
297,869 | 232,422 | 156,760 | 160,643 | 109,544 | 107,681 | 124,063 | 101,987 | 103,469 | 85,379 | 69,445 | 105,026 | 115,648 |
Proceeds from sale of property, plant and equipment | ||||||||||||
24,772 | 14,665 | 21,275 | 28,811 | 8,618 | 8,866 | 10,657 | 8,504 | 8,908 | 3,676 | 12,042 | 11,721 | 67,656 |
Proceeds from divestitures of businesses | ||||||||||||
434,609 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Acquisitions of businesses and other investing activities | ||||||||||||
724,718 | 278,367 | 1,494,795 | 462,167 | 162,701 | 287,900 | 712,173 | 558,384 | 136,936 | 90,645 | 134,203 | 133,604 | 44,855 |
Proceeds from disposal of businesses | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 12,575 | 5,249 |
Purchase of properties under construction and lease agreement | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 72,814 | - | 0 |
NET CASH USED IN INVESTING ACTIVITIES | ||||||||||||
-563,206 | -496,124 | -1,630,280 | -593,999 | -263,627 | -386,715 | -825,579 | -651,867 | -231,497 | -172,348 | -264,420 | -214,334 | -87,598 |
Financing activities: | ||||||||||||
Proceeds from debt | ||||||||||||
5,037,168 | 5,064,291 | 6,630,294 | 4,350,000 | 3,862,224 | 2,727,924 | 3,019,931 | 750,000 | 250,000 | - | 795,000 | 1,283,000 | 0 |
Payments on debt | ||||||||||||
4,897,769 | 5,124,265 | 4,350,222 | 4,100,000 | 4,005,191 | 2,735,862 | 2,995,335 | 750,000 | 250,000 | - | 795,000 | 1,283,000 | 0 |
Payments on acquired debt of AAG | ||||||||||||
0 | 0 | 833,775 | 0 | 0 | - | - | - | - | - | - | - | - |
Share-based awards exercised | ||||||||||||
11,413 | 10,227 | 5,239 | 16,147 | 9,572 | 22,051 | 15,728 | 7,043 | -1,049 | 9,085 | 1,878 | 821 | 10,530 |
Excess tax benefits from share-based compensation | ||||||||||||
- | - | - | 12,021 | 7,024 | 17,766 | 12,905 | 11,018 | 5,356 | 3,251 | -684 | -586 | 4,438 |
Dividends paid | ||||||||||||
438,890 | 415,983 | 395,475 | 386,863 | 368,284 | 347,271 | 326,217 | 300,983 | 276,369 | 257,898 | 253,558 | 251,808 | 243,244 |
Purchases of stock | ||||||||||||
74,187 | 91,983 | 173,524 | 181,417 | 292,275 | 95,946 | 120,673 | 81,826 | 122,078 | 75,007 | 26,019 | 273,000 | 241,220 |
Other financing activities | ||||||||||||
-871 | -30,663 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Changes in cash overdraft position | ||||||||||||
- | - | - | - | - | - | - | - | - | - | -52,000 | 52,000 | 0 |
NET CASH USED IN FINANCING ACTIVITIES | ||||||||||||
-385,962 | -608,830 | 872,059 | -322,406 | -806,074 | -455,440 | -425,117 | -378,834 | -394,140 | -320,569 | -330,383 | -472,573 | -469,496 |
Effect of exchange rate changes on cash | ||||||||||||
603 | -21,562 | 15,198 | 1,575 | -15,771 | -7,153 | -12,237 | 2,304 | -4,204 | 7,419 | 18,531 | -7,462 | 11,487 |
Net increase in cash and cash equivalents | ||||||||||||
-56,555 | 18,648 | 72,020 | 31,248 | 73,901 | -59,163 | -206,202 | -121,959 | -4,914 | 193,165 | 269,026 | -164,060 | 95,864 |
Supplemental disclosures of cash flow information | ||||||||||||
Income taxes | ||||||||||||
303,736 | 236,536 | 298,827 | 374,865 | 352,153 | 408,604 | 342,372 | 381,407 | 317,748 | 275,979 | 219,888 | 338,859 | 324,399 |
Interest | ||||||||||||
95,281 | 102,131 | 38,401 | 19,043 | 23,687 | 25,155 | 27,221 | 20,416 | 27,640 | 28,061 | 27,626 | 31,297 | 31,540 |