| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | |||||||||||
Net earnings | |||||||||||
465,700 | 556,700 | 545,400 | 443,700 | 419,200 | 427,600 | 288,000 | 197,600 | 251,600 | -263,600 | -9,200 | 205,500 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
77,200 | 85,800 | 84,400 | 85,300 | 77,700 | 83,800 | 94,300 | 100,500 | 104,400 | 110,100 | 97,200 | 107,100 |
Non-cash gain on disposition of previously held equity interest | |||||||||||
80,400 | - | - | - | - | - | - | - | - | - | - | - |
Non-cash gain on disposition of previously held controlling interest | |||||||||||
30,400 | - | - | - | - | - | - | - | - | - | - | - |
Goodwill impairment charge | |||||||||||
64,000 | - | - | - | - | - | - | - | - | - | - | - |
Non-cash goodwill and intangible asset impairment charges | |||||||||||
- | - | - | - | - | - | - | - | - | 428,800 | 61,000 | 163,100 |
Deferred income taxes | |||||||||||
-43,000 | -11,900 | -196,800 | 74,000 | 91,200 | 54,000 | 17,000 | -11,600 | 24,800 | -68,500 | -29,200 | -32,800 |
Provision for doubtful accounts | |||||||||||
21,800 | 23,000 | 18,100 | 20,400 | 16,300 | 18,900 | 24,100 | 29,200 | 25,900 | 28,900 | 27,800 | 23,400 |
Loss from sale of an equity investment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 10,300 | 0 |
Share-based compensation | |||||||||||
26,300 | 27,800 | 28,700 | 27,100 | 31,100 | 40,600 | 31,500 | 30,000 | 31,400 | 24,100 | 17,500 | 21,100 |
Excess tax benefit on exercise of share-based awards | |||||||||||
- | - | - | 800 | 7,400 | 4,500 | 7,300 | 300 | 1,300 | 1,300 | 500 | -500 |
Changes in operating assets and liabilities, excluding the impact of acquisitions: | |||||||||||
Accounts receivable | |||||||||||
80,200 | 146,400 | 544,900 | 317,200 | 369,800 | 270,500 | 82,600 | -48,300 | 417,100 | 708,100 | 663,600 | 575,000 |
Other assets | |||||||||||
-122,300 | -58,700 | 68,600 | 75,300 | 59,700 | 198,700 | 35,900 | 9,200 | 48,200 | -9,900 | -71,500 | 2,900 |
Other liabilities | |||||||||||
271,100 | -110,600 | 534,600 | 342,800 | 312,900 | 155,000 | 67,600 | -52,900 | 97,700 | 621,800 | -352,700 | -272,800 |
Cash provided by operating activities | |||||||||||
814,400 | 483,100 | 400,900 | 600,000 | 511,500 | 306,200 | 396,700 | 331,600 | 69,200 | 182,100 | 414,300 | 792,000 |
Cash Flows from Investing Activities: | |||||||||||
Capital expenditures | |||||||||||
52,900 | 64,700 | 54,700 | 56,900 | 52,300 | 51,500 | 44,700 | 72,000 | 64,900 | 58,500 | 35,100 | 93,100 |
Acquisitions of businesses, net of cash acquired | |||||||||||
-77,800 | 9,100 | 32,700 | 57,600 | 260,500 | 32,000 | 46,300 | 49,000 | 49,000 | 270,000 | 21,600 | 242,000 |
Impact to cash resulting from deconsolidation of subsidiaries | |||||||||||
57,900 | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from the sale of subsidiaries, investments, property and equipment | |||||||||||
16,800 | 18,900 | 12,900 | 4,100 | 14,700 | 2,100 | 3,400 | 3,700 | 4,400 | 4,900 | 3,600 | 5,900 |
Proceeds from the sale of an equity investment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 13,300 | 0 |
Cash used in investing activities | |||||||||||
-16,200 | -54,900 | -74,500 | -110,400 | -298,100 | -81,400 | -87,600 | -117,300 | -109,500 | -323,600 | -39,800 | -329,200 |
Cash Flows from Financing Activities: | |||||||||||
Net change in short-term borrowings | |||||||||||
11,200 | 3,500 | 5,500 | -300 | 4,100 | 16,000 | -5,700 | -6,700 | 15,600 | -15,600 | -14,600 | 16,000 |
Proceeds from long-term debt | |||||||||||
9,600 | 583,300 | 100 | 0 | 454,000 | 0 | 3,900 | 751,600 | 800 | 1,800 | 146,500 | 233,700 |
Repayments of long-term debt | |||||||||||
1,300 | 408,600 | 400 | 6,400 | 2,000 | 2,600 | 269,500 | 703,200 | 1,100 | 1,100 | 359,300 | -170,700 |
Payments for debt issuance costs | |||||||||||
- | 2,500 | - | 0 | 2,500 | 0 | 0 | - | - | - | - | - |
Payments of contingent consideration for acquisitions | |||||||||||
22,800 | 18,600 | 13,000 | 2,900 | 0 | 0 | - | - | - | - | - | - |
Proceeds from share-based awards and other equity transactions | |||||||||||
7,000 | 5,200 | 44,200 | 18,000 | 104,100 | 25,500 | 101,000 | 6,000 | 29,500 | 27,100 | 14,200 | 12,200 |
Payments to noncontrolling interests | |||||||||||
2,100 | 1,900 | 10,000 | 0 | 0 | - | - | - | - | - | - | - |
Other share-based award transactions | |||||||||||
-7,200 | -17,300 | -18,100 | -5,400 | -700 | -6,300 | 16,100 | -6,300 | 1,300 | 1,300 | - | - |
Excess tax benefit on exercise of stock options | |||||||||||
- | - | - | - | - | - | - | - | - | - | 500 | 500 |
Repurchases of common stock | |||||||||||
203,000 | 500,700 | 203,900 | 482,200 | 580,200 | 143,500 | 0 | 138,200 | 104,500 | 34,800 | 0 | 125,400 |
Dividends paid | |||||||||||
129,300 | 127,300 | 123,700 | 118,400 | 121,000 | 77,300 | 72,000 | 67,800 | 65,100 | 60,800 | 58,000 | -58,100 |
Miscellaneous, net | |||||||||||
500 | - | - | - | - | - | - | - | - | - | - | - |
Cash used in financing activities | |||||||||||
-337,400 | -484,900 | -319,300 | -597,600 | -144,200 | -188,200 | -226,200 | -164,600 | -123,500 | -82,100 | -270,700 | -91,800 |
Effect of exchange rate changes on cash | |||||||||||
-26,900 | -40,400 | 83,400 | -24,000 | -37,900 | -75,000 | 6,600 | 17,900 | -28,300 | -18,400 | 36,800 | -34,500 |
Change in cash and cash equivalents | |||||||||||
433,900 | -97,100 | 90,500 | -132,000 | 31,300 | -38,400 | 89,500 | 67,600 | -192,100 | -242,000 | 140,600 | 336,500 |
Supplemental Cash Flow Information: | |||||||||||
Cash paid during the period for: | |||||||||||
Interest Paid | |||||||||||
42,400 | 49,900 | 37,000 | 36,600 | 32,200 | 36,600 | 43,500 | 39,900 | 43,200 | 45,000 | 62,000 | 64,800 |
Income taxes paid, net | |||||||||||
179,200 | 184,600 | 127,100 | 163,900 | 75,900 | 105,800 | 60,300 | 123,000 | 170,700 | 78,400 | 75,200 | 293,500 |
Non-cash operating activity: Right-of-use assets obtained in exchange for new operating lease liabilities | |||||||||||
129,300 | - | - | - | - | - | - | - | - | - | - | - |
Operating lease liabilities | |||||||||||
150,100 | - | - | - | - | - | - | - | - | - | - | - |
Non-cash operating activity: | |||||||||||
Common stock issued for acquisition | |||||||||||
- | - | - | - | - | - | - | - | - | 188,500 | 0 | - |