| Jan'18 | Jan'17 | Jan'16 | Dec'14 | Dec'13 | ||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||
Net earnings | ||||||
53,400 | 48,200 | -385,800 | 88,100 | 150,400 | ||
Adjustments to reconcile net earnings to net cash flows provided by operating activities: | ||||||
Depreciation and amortization | ||||||
66,100 | 66,900 | 75,000 | 68,000 | 27,800 | ||
Deferred income taxes | ||||||
80,900 | 6,200 | -229,300 | 42,800 | 32,000 | ||
Asset impairment charge | ||||||
- | - | 640,200 | - | - | ||
Non-cash compensation | ||||||
26,400 | 20,200 | 15,800 | 3,700 | 3,700 | ||
Amortization of deferred financing fees | ||||||
4,500 | 4,300 | 4,000 | - | - | ||
Tax impact from prior sales of restricted stock | ||||||
- | - | -200 | 600 | 1,200 | ||
Provision for inventory reserve | ||||||
17,200 | 20,700 | 7,700 | - | - | ||
Change in allowance for doubtful accounts and sales returns | ||||||
200 | 3,200 | 3,300 | 12,400 | 1,400 | ||
Loss on disposal of property and equipment | ||||||
-1,300 | -3,300 | -2,900 | -6,600 | -500 | ||
Changes in operating assets and liabilities, net of effects from acquisitions: | ||||||
Accounts receivable | ||||||
44,400 | -6,900 | -40,300 | 83,600 | 4,700 | ||
Inventories | ||||||
9,200 | 5,000 | -18,000 | 67,200 | 18,900 | ||
Other current and non-current assets | ||||||
19,500 | 4,600 | -2,700 | 21,900 | 6,700 | ||
Accounts payable | ||||||
9,900 | 11,000 | 3,400 | 36,700 | -12,800 | ||
Other current and non-current liabilities | ||||||
19,800 | -30,400 | 18,800 | 22,500 | 14,100 | ||
Net cash flows provided by operating activities | ||||||
206,600 | 150,900 | 217,200 | 107,500 | 185,600 | ||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Capital expenditures | ||||||
84,900 | 35,500 | 130,500 | 136,800 | 29,400 | ||
Acquisitions, net of cash acquired | ||||||
64,800 | 220,800 | 4,300 | 513,800 | 117,500 | ||
Net cash flows used in investing activities | ||||||
-149,700 | -256,300 | -134,800 | -650,600 | -146,900 | ||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||
Purchase of treasury stock and other | ||||||
92,100 | 44,900 | 9,500 | - | - | ||
Cash proceeds from stock issuance | ||||||
2,000 | 1,500 | 1,500 | - | - | ||
Proceeds from long-term debt | ||||||
- | - | - | 1,200,000 | - | ||
Debt origination costs | ||||||
- | - | - | 27,900 | - | ||
Tax impact from prior sales of restricted stock | ||||||
- | - | -200 | 600 | 1,200 | ||
Net transfers to B/E Aerospace, Inc. | ||||||
- | - | - | 233,300 | -500 | ||
Deferred acquisition payments | ||||||
- | - | 90,900 | - | - | ||
Net cash flows provided by (used in) financing activities | ||||||
-90,100 | -43,400 | -99,100 | 939,400 | 700 | ||
Effect of foreign exchange rate changes on cash and cash equivalents | ||||||
11,200 | -1,700 | -2,700 | -4,100 | 2,900 | ||
Net increase (decrease) in cash and cash equivalents | ||||||
-22,000 | -150,500 | -19,400 | 392,200 | 42,300 | ||
Cash paid during period for: | ||||||
Income taxes paid, net of refunds | ||||||
6,600 | 6,100 | 13,200 | 21,100 | 12,200 | ||
Interest | ||||||
73,000 | 72,100 | 71,000 | - | - | ||
Supplemental schedule of non-cash activities: | ||||||
Accrued property additions | ||||||
9,100 | 2,700 | 8,300 | - | - | ||
Treasury stock. | ||||||
- | - | 3,000 | - | - | ||
Contingent consideration | ||||||
- | - | - | 92,200 | - | ||