| Jul'18 | Apr'18 | Jan'18 | Oct'17 | Jul'17 | Apr'17 | Jan'17 | Oct'16 | Jul'16 | Apr'16 | Jan'16 | Oct'15 | Jul'15 | Apr'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||||||||||||
Net earnings | |||||||||||||||||
80,800 | 66,700 | 53,400 | 82,800 | 76,800 | 64,100 | 48,200 | 20,000 | -400,600 | -401,200 | -385,800 | -408,100 | 24,000 | 62,000 | 88,100 | 0 | 0 | 0 |
Adjustments to reconcile net earnings to net cash flows provided by operating activities: | |||||||||||||||||
Depreciation and amortization | |||||||||||||||||
71,100 | 68,900 | 66,100 | 65,800 | 66,200 | 66,800 | 66,900 | 65,800 | 66,100 | 70,700 | 75,000 | 80,500 | 82,900 | 77,600 | 68,000 | 0 | 0 | 0 |
Deferred income taxes | |||||||||||||||||
79,500 | 80,600 | 80,900 | 36,000 | 21,900 | 15,700 | 6,200 | 600 | -244,600 | -238,900 | -229,300 | -204,000 | 47,500 | 43,100 | 42,800 | 0 | 0 | 0 |
Non-cash compensation | |||||||||||||||||
23,700 | 25,700 | 26,400 | 24,800 | 23,400 | 21,300 | 20,200 | 19,600 | 18,200 | 16,700 | 15,800 | 11,900 | 9,300 | 6,600 | 3,700 | 0 | 0 | 0 |
Amortization of deferred financing fees | |||||||||||||||||
4,600 | 4,500 | 4,500 | 4,500 | 4,400 | 4,300 | 4,300 | 4,300 | 4,200 | 4,300 | 4,000 | 0 | 0 | 0 | - | - | - | - |
Tax impact from prior sales of restricted stock | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | -200 | 600 | 900 | 1,300 | 600 | 0 | 0 | 0 |
Provision for inventory reserve | |||||||||||||||||
14,800 | 16,400 | 17,200 | 20,300 | 19,300 | 19,000 | 20,700 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Change in allowance for doubtful accounts and sales returns | |||||||||||||||||
-4,800 | 2,000 | 200 | 1,400 | 4,700 | 1,300 | 3,200 | 5,500 | 5,800 | 2,100 | 3,300 | 0 | 0 | 0 | - | - | - | - |
Loss on disposal of property and equipment | |||||||||||||||||
-1,300 | -1,200 | -1,300 | 200 | -300 | -2,200 | -3,300 | -4,400 | -5,500 | -3,900 | -2,900 | -9,000 | -7,800 | -7,000 | -6,600 | 0 | 0 | 0 |
Changes in operating assets and liabilities, net of effects from acquisitions: | |||||||||||||||||
Accounts receivable | |||||||||||||||||
26,500 | 40,700 | 44,400 | 53,100 | 55,500 | 44,900 | -6,900 | -9,200 | -31,900 | -51,400 | -40,300 | -44,800 | -17,700 | 37,200 | 83,600 | 0 | 0 | 0 |
Inventories | |||||||||||||||||
400 | -2,400 | 9,200 | 20,500 | 33,900 | 17,500 | 5,000 | -12,200 | -15,200 | -6,700 | -18,000 | -17,200 | 8,600 | 12,400 | 67,200 | 0 | 0 | 0 |
Other current and non-current assets | |||||||||||||||||
- | 8,700 | 19,500 | 28,500 | 27,100 | 17,700 | 4,600 | -7,300 | -25,700 | -9,900 | -2,700 | 10,500 | 30,300 | 14,500 | 21,900 | 0 | 0 | 0 |
Accounts payable | |||||||||||||||||
28,400 | 25,900 | 9,900 | 15,400 | 22,000 | 29,700 | 11,000 | 6,100 | 900 | -17,600 | 3,400 | -92,300 | -2,100 | -6,300 | 36,700 | 0 | 0 | 0 |
Other current and non-current liabilities | |||||||||||||||||
14,800 | 15,100 | 19,800 | 3,600 | 4,300 | -14,800 | -30,400 | -17,700 | -23,600 | -11,400 | 18,800 | 77,200 | 54,800 | 74,300 | 22,500 | 0 | 0 | 0 |
Net cash flows provided by operating activities | |||||||||||||||||
281,500 | 260,000 | 206,600 | 152,300 | 126,800 | 129,500 | 150,900 | 158,800 | 164,200 | 152,000 | 217,200 | 180,900 | 216,700 | 213,000 | 107,500 | 0 | 0 | 0 |
CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||||||||||||
Capital expenditures | |||||||||||||||||
105,000 | 97,400 | 84,900 | 59,200 | 42,800 | 30,800 | 35,500 | 58,000 | 85,700 | 114,100 | 130,500 | 153,900 | 150,500 | 151,400 | 136,800 | 0 | 0 | 0 |
Acquisitions, net of cash acquired | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 4,300 | 500 | 1,200 | 256,400 | 513,800 | 0 | 0 | 0 |
Net cash flows used in investing activities | |||||||||||||||||
-172,200 | -162,200 | -149,700 | -59,200 | -42,100 | -251,600 | -256,300 | -284,100 | -312,500 | -119,400 | -134,800 | -154,400 | -151,700 | -407,800 | -650,600 | 0 | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||||||||||||
Purchase of treasury stock and other | |||||||||||||||||
62,700 | 77,800 | 92,100 | 110,100 | 65,700 | 56,100 | 44,900 | 22,900 | 18,200 | 12,700 | 9,500 | 0 | 0 | 0 | - | - | - | - |
Tax impact from prior sales of restricted stock | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | -200 | 600 | 900 | 1,300 | 600 | 0 | 0 | 0 |
Net transfers to B/E Aerospace, Inc. | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 233,300 | 0 | 0 | 0 |
Deferred acquisition payments | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 90,900 | 0 | 0 | 0 | - | - | - | - |
Net cash flows provided by (used in) financing activities | |||||||||||||||||
-60,500 | -75,800 | -90,100 | -108,400 | -64,000 | -54,600 | -43,400 | -22,500 | -17,700 | -12,200 | -99,100 | 411,500 | 340,400 | 614,700 | 939,400 | 0 | 0 | 0 |
Effect of foreign exchange rate changes on cash and cash equivalents | |||||||||||||||||
-1,900 | 7,300 | 11,200 | 0 | 0 | 0 | - | - | - | -500 | -2,700 | -2,600 | -5,300 | -4,400 | -4,100 | 0 | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | |||||||||||||||||
46,900 | 29,300 | -22,000 | -10,200 | 25,400 | -179,900 | -150,500 | -151,300 | -167,900 | 19,900 | -19,400 | 435,400 | 400,100 | 415,500 | 392,200 | 0 | 0 | 0 |
Cash paid during period for: | |||||||||||||||||
Income taxes paid, net of refunds | |||||||||||||||||
9,800 | 7,800 | 6,600 | 6,500 | 3,300 | 5,700 | 6,100 | 8,200 | 9,100 | 11,200 | 13,200 | 9,200 | 7,900 | 7,800 | 21,100 | 0 | 0 | 0 |
Interest | |||||||||||||||||
73,000 | 73,000 | 73,000 | 0 | 0 | 0 | - | - | - | - | 71,000 | 0 | 0 | 0 | - | - | - | - |
Supplemental schedule of non-cash activities: | |||||||||||||||||
Accrued property additions | |||||||||||||||||
9,600 | 11,400 | 9,100 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |