| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | ||||||||||
Net income | ||||||||||
335,257 | 172,492 | 212,948 | 455,361 | 454,029 | 377,292 | 312,310 | 227,575 | 147,138 | 101,017 | 117,395 |
Loss from discontinued operations | ||||||||||
- | - | - | - | - | -3,777 | 0 | 0 | - | - | - |
Adjustments to reconcile net income to net cash used for operating activities: | ||||||||||
Gain on securities available for sale | ||||||||||
- | - | - | - | - | - | - | - | 825 | -8,952 | - |
Depreciation and amortization | ||||||||||
211,036 | 191,108 | 167,512 | 152,138 | 127,507 | 92,100 | 70,580 | 66,390 | 66,519 | 64,593 | 66,112 |
Noncash compensation | ||||||||||
63,966 | 50,054 | 57,927 | 61,929 | 63,183 | 57,893 | 35,420 | 20,548 | 18,052 | 10,226 | 18,558 |
Noncash income from financial services | ||||||||||
30,130 | 27,027 | 30,116 | 29,405 | 18,645 | 4,983 | 3,899 | 4,444 | 4,574 | 4,021 | 4,604 |
Deferred income taxes | ||||||||||
23,440 | 73,614 | -26,056 | -16,343 | -50,388 | -5,892 | -28,901 | -16,946 | -16,888 | 13,573 | -966 |
Excess tax benefits from share-based compensation | ||||||||||
0 | 0 | 3,578 | 34,654 | 36,966 | 28,621 | 29,892 | 23,120 | 10,610 | - | 1,731 |
Impairment charges | ||||||||||
24,263 | 25,395 | 0 | 0 | - | - | - | - | - | - | - |
Other, net | ||||||||||
-8,489 | 3,401 | 13,462 | 6,802 | 6,124 | 7,414 | 179 | 133 | 1,376 | 382 | 157 |
Changes in operating assets and liabilities: | ||||||||||
Tax effect of share-based compensation exercises | ||||||||||
- | - | - | - | - | - | - | - | - | 410 | - |
Trade receivables | ||||||||||
-20,686 | 17,064 | -2,030 | -48,798 | 24,174 | 54,055 | -2,413 | 23,115 | -1,111 | -8,192 | 15,714 |
Inventories | ||||||||||
149,701 | 26,958 | -111,999 | 148,725 | 158,476 | 52,049 | 36,029 | 49,973 | 56,612 | -42,997 | 3,970 |
Accounts payable | ||||||||||
-984 | 39,516 | -62,693 | -46,095 | 105,783 | 51,519 | 21,371 | 27,232 | 37,580 | -40,329 | 25,941 |
Accrued expenses | ||||||||||
7,170 | 94,557 | 145,261 | 9,182 | 30,664 | 53,278 | 39,269 | 80,668 | 107,363 | -24,759 | -7,469 |
Income taxes payable/receivable | ||||||||||
-4,490 | 23,410 | -1,997 | -247 | 45,324 | 33,398 | 51,120 | -1,343 | 7,033 | 7,325 | -7,773 |
Prepaid expenses and others, net | ||||||||||
14,912 | 17,090 | -2,929 | 18,510 | 14,695 | 31,919 | 17,831 | 1,075 | -956 | -4,643 | 9,730 |
Cash provided by continuing operations | ||||||||||
- | - | - | - | - | 499,152 | 416,110 | 302,530 | - | - | 176,206 |
Cash used for discontinued operations | ||||||||||
- | - | - | - | - | -6,912 | 0 | 0 | - | - | -452 |
Net cash provided by operating activities | ||||||||||
477,112 | 585,408 | 589,628 | 440,231 | 529,270 | 492,240 | 416,110 | 302,530 | 297,619 | 193,201 | 175,754 |
Investing Activities: | ||||||||||
Purchase of property and equipment | ||||||||||
225,414 | 184,388 | 209,137 | 249,485 | 205,079 | 251,401 | 103,083 | 84,484 | 55,718 | 43,932 | 76,575 |
Investment in finance affiliate, net | ||||||||||
12,289 | 25,230 | 8,641 | 23,087 | 32,582 | 19,251 | 18,400 | 12,588 | 9,173 | 3,007 | - |
Distributions from finance affiliate | ||||||||||
39,125 | 57,502 | 43,820 | 42,527 | 31,337 | 12,005 | 7,562 | 11,950 | 17,910 | 17,261 | 16,049 |
Investment in other affiliates, net | ||||||||||
1,113 | 625 | 11,595 | 17,848 | 12,445 | 10,934 | 7,996 | 5,000 | - | - | 9,209 |
Proceeds from sale of investments | ||||||||||
- | - | - | - | - | - | - | 876 | 9,601 | - | - |
Acquisition of businesses, net of cash acquired | ||||||||||
759,801 | -1,645 | 723,705 | 41,195 | 28,013 | 137,104 | 41,135 | 51,899 | 4,738 | - | - |
Net cash used for investing activities | ||||||||||
-959,492 | -151,096 | -909,258 | -289,088 | -246,782 | -406,685 | -163,052 | -141,145 | -42,118 | -29,678 | -69,735 |
Financing Activities: | ||||||||||
Borrowings under debt arrangements / finance lease obligations | ||||||||||
3,553,237 | 2,186,939 | 3,232,137 | 2,631,067 | 2,146,457 | 776,669 | 2,437 | 100,000 | - | 364,000 | 786,000 |
Repayments under debt arrangements / finance lease obligations | ||||||||||
2,579,495 | 2,421,473 | 2,552,760 | 2,385,480 | 2,228,587 | 597,492 | 7,478 | 202,333 | - | 364,000 | 786,000 |
Repurchase and retirement of common shares | ||||||||||
348,663 | 90,461 | 245,816 | 293,616 | 81,812 | 530,033 | 127,525 | 132,372 | 27,486 | 4,556 | 107,167 |
Cash dividends to shareholders | ||||||||||
149,032 | 145,423 | 140,336 | 139,285 | 126,908 | 113,722 | 101,534 | 61,585 | 53,043 | 50,177 | 49,602 |
Excess tax benefits from share-based compensation | ||||||||||
0 | 0 | 3,578 | 34,654 | 36,966 | 28,621 | 29,892 | 23,120 | 10,610 | - | 1,731 |
Tax effect of proceeds from share-based compensation exercises | ||||||||||
- | - | - | - | - | - | - | - | - | -410 | - |
Proceeds from stock issuances under employee plans | ||||||||||
47,371 | 42,738 | 17,690 | 32,535 | 31,313 | 26,922 | 41,696 | 45,654 | 68,105 | 4,733 | 12,865 |
Net cash (used for) provided by financing activities | ||||||||||
523,418 | -427,680 | 314,493 | -120,125 | -222,571 | -409,035 | -162,512 | -227,516 | -1,814 | -50,410 | -142,173 |
Impact of currency exchange rates on cash balances | ||||||||||
-9,530 | 9,816 | -5,042 | -13,269 | -14,565 | -1,287 | 1,133 | -2,460 | - | - | - |
Property and equipment obtained through capital leases and notes payable | ||||||||||
- | - | - | 14,500 | 24,908 | 0 | 0 | - | - | - | - |
Supplemental Cash Flow Information: | ||||||||||
Interest paid on debt borrowings | ||||||||||
51,014 | 30,884 | 15,833 | 11,451 | 11,259 | 6,076 | 5,932 | 3,350 | 2,813 | 3,966 | 9,614 |
Income taxes paid | ||||||||||
73,999 | 46,308 | 126,799 | 244,328 | 261,550 | 162,647 | 143,510 | 132,088 | 81,142 | 29,039 | 70,205 |
Net increase in cash, cash equivalents and restricted cash | ||||||||||
31,508 | 16,448 | -10,179 | 17,749 | 45,352 | -324,767 | 91,679 | -68,591 | 253,687 | 113,113 | -36,154 |