Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands |
9 Months Ended |
Oct. 01, 2016 |
Oct. 03, 2015 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |
|
|
| Net earnings |
$ 486,793
|
$ 373,254
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
| Depreciation and amortization |
371,385
|
329,075
|
| Share-based compensation expense |
56,896
|
53,326
|
| Provision for deferred income taxes |
(25,922)
|
4,671
|
| Changes in assets and liabilities (net of businesses acquired): |
|
|
| Receivables, net |
43,699
|
(176,120)
|
| Inventory |
(5,590)
|
5,165
|
| Prepaid expenses and other |
(33,801)
|
(41,741)
|
| Accounts payable |
(19,566)
|
(7,632)
|
| Accrued income taxes |
6,191
|
2,596
|
| Deferred revenue |
(1,780)
|
(3,008)
|
| Other accrued liabilities |
(55,931)
|
54,845
|
| Net cash provided by operating activities |
822,374
|
594,431
|
| CASH FLOWS FROM INVESTING ACTIVITIES: |
|
|
| Capital purchases |
(327,861)
|
(255,375)
|
| Capitalized software development costs |
(228,803)
|
(204,708)
|
| Purchases of investments |
(387,809)
|
(460,128)
|
| Sales and maturities of investments |
262,100
|
962,760
|
| Purchase of other intangibles |
(13,222)
|
(18,092)
|
| Acquisition of businesses |
0
|
(1,372,014)
|
| Net cash used in investing activities |
(695,595)
|
(1,347,557)
|
| CASH FLOWS FROM FINANCING ACTIVITIES: |
|
|
| Long-term debt issuance |
0
|
500,000
|
| Proceeds from excess tax benefits from share-based compensation |
47,202
|
57,689
|
| Proceeds from exercise of options |
60,486
|
42,481
|
| Treasury stock purchases |
(200,075)
|
(200,064)
|
| Contingent consideration payments for acquisition of businesses |
(2,074)
|
(11,012)
|
| Other |
0
|
(792)
|
| Net cash provided by (used in) financing activities |
(94,461)
|
388,302
|
| Effect of exchange rate changes on cash and cash equivalents |
(2,943)
|
(8,622)
|
| Net increase (decrease) in cash and cash equivalents |
29,375
|
(373,446)
|
| Cash and cash equivalents at beginning of period |
402,122
|
635,203
|
| Cash and cash equivalents at end of period |
431,497
|
261,757
|
| Summary of acquisition transactions: |
|
|
| Fair value of tangible assets acquired |
(10,200)
|
450,662
|
| Fair value of intangible assets acquired |
(25,000)
|
637,980
|
| Fair value of goodwill |
46,940
|
472,476
|
| Less: Fair value of liabilities assumed |
(11,740)
|
(167,989)
|
| Less: Fair value of working capital settlement payable |
0
|
(21,115)
|
| Net cash used |
$ 0
|
$ 1,372,014
|