CASH FLOWS FROM OPERATING ACTIVITIES: |
Net income |
Adjustments to reconcile net income to net cash provided by operating activities: |
Depreciation of property, plant and equipment |
113.9M |
Stock-based compensation expense |
31.4M |
Deferred tax provision |
139.9M |
Amortization of intangible and other assets |
Loss (gain) on disposal or impairment of long-lived assets, net |
Equity in earnings of equity method investees, net of distributed earnings |
Gain on business sold, net |
Change in operating assets and liabilities: |
Accounts receivable, net |
-94.9M |
Inventories |
48.9M |
Prepaid expenses and other current assets |
-28.6M |
Accounts payable |
144.3M |
Accrued excise taxes |
2.1M |
Other accrued expenses and liabilities |
28.5M |
Other, net |
Total adjustments |
372.6M |
Net cash provided by operating activities |
CASH FLOWS FROM INVESTING ACTIVITIES: |
Purchases of property, plant and equipment |
-368.6M |
Payments related to sale of business |
Proceeds from note receivable |
Proceeds from sales of assets |
Investments in equity method investees |
Other investing activities |
-100K |
Net cash (used in) provided by investing activities |
CASH FLOWS FROM FINANCING ACTIVITIES: |
Principal payments of long-term debt |
-842.4M |
Payment of minimum tax withholdings on stock-based payment awards |
Net proceeds from notes payable |
-295.8M |
Proceeds from exercises of employee stock options |
Proceeds from excess tax benefits from stock-based payment awards |
100.9M |
Purchases of treasury stock |
-5.5M |
Payment of financing costs of long-term debt |
-4.6M |
Net cash used in financing activities |
Effect of exchange rate changes on cash and cash investments |
NET INCREASE (DECREASE) IN CASH AND CASH INVESTMENTS |
94.2M |
CASH AND CASH INVESTMENTS, beginning of period |
83.1M |
CASH AND CASH INVESTMENTS, end of period |
177.3M |
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES: |
Property, plant and equipment acquired under financing arrangements |