v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified
|
9 Months Ended |
|
|
Cash flows from operating activities: |
|
|
Net income |
$ 435,493 |
$ 340,705 |
Adjustments to reconcile net income to net cash flow from operating activities: |
|
|
Depreciation and amortization |
183,403 |
142,155 |
Facility consolidation and asset impairment charges |
51,210 |
16,082 |
Pension contributions, net of pension expense |
(100,983) |
(76,251) |
Equity income in unconsolidated investees, net |
(166,787) |
(28,929) |
Stock-based compensation – equity awards |
25,133 |
23,130 |
Change in other assets and liabilities, net |
145,132 |
(67,934) |
Net cash flow from operating activities |
572,601 |
348,958 |
Cash flows from investing activities: |
|
|
Purchase of property, plant and equipment |
(91,559) |
(72,668) |
Payments for acquisitions, net of cash acquired |
(202,724) |
(17,527) |
Payments for investments |
(5,318) |
(3,380) |
Proceeds from investments |
166,251 |
34,779 |
Proceeds from sale of certain assets |
303,539 |
34,336 |
Net cash flow from (used for) investing activities |
170,189 |
(24,460) |
Cash flows from financing activities: |
|
|
Payments of borrowings under revolving credit agreements, net |
0 |
(205,000) |
Proceeds from (payments of) unsecured floating rate term loans |
(27,627) |
154,800 |
Payments of unsecured fixed rate notes |
(250,000) |
0 |
Proceeds from unsecured fixed rate notes |
666,732 |
591,396 |
Payments of debt issuance and financing costs |
(10,005) |
(21,838) |
Dividends paid |
(136,059) |
(137,520) |
Cost of common shares repurchased |
(75,815) |
(78,786) |
Proceeds from issuance of common stock upon exercise of stock options |
11,915 |
15,162 |
Distribution to noncontrolling interests |
(877) |
(218) |
Deferred payments for acquisitions |
(15,687) |
(6,132) |
Net cash from financing activities |
162,577 |
311,864 |
Effect of currency exchange rate change on cash |
(55) |
(25) |
Increase in cash and cash equivalents |
905,312 |
636,337 |
Balance of cash and cash equivalents at beginning of period |
469,203 |
175,030 |
Balance of cash and cash equivalents at end of period |
1,374,515 |
811,367 |
Supplemental cash flow information: |
|
|
Cash paid for taxes, net of refunds |
112,802 |
102,793 |
Cash paid for interest |
167,513 |
85,228 |
Non-cash investing and financing activities: |
|
|
Assets-held-for-sale proceeds |
146,428 |
0 |
Capital expenditures |
(11,520) |
0 |
London Broadcasting Company [Member]
|
|
|
Non-cash investing and financing activities: |
|
|
Escrow deposit disbursement related to London Broadcasting Company television stations acquisition |
$ (134,908) |
$ 0 |
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+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 9
-Article 5
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=35755396&loc=d3e33749-111570
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.12)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688
Reference 5: http://www.xbrl.org/2003/role/presentationRef
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