Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Apr. 04, 2015
Mar. 29, 2014
Operating activities    
Net income $ 288,709us-gaap_NetIncomeLoss $ 297,193us-gaap_NetIncomeLoss
Adjustments to reconcile net income to cash (used) provided by operating activities:    
Depreciation and amortization 65,880us-gaap_DepreciationAndAmortization 64,017us-gaap_DepreciationAndAmortization
Stock-based compensation 25,946us-gaap_ShareBasedCompensation 26,956us-gaap_ShareBasedCompensation
Provision for doubtful accounts 2,345us-gaap_ProvisionForDoubtfulAccounts 3,412us-gaap_ProvisionForDoubtfulAccounts
Pension expense (less than) in excess of contributions (239,700)vfc_PensionExpenseAndPensionContributions 5,923vfc_PensionExpenseAndPensionContributions
Other, net (6,405)us-gaap_OtherNoncashIncomeExpense 26,505us-gaap_OtherNoncashIncomeExpense
Changes in operating assets and liabilities:    
Accounts receivable (48,886)us-gaap_IncreaseDecreaseInAccountsReceivable 41,688us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories (165,494)us-gaap_IncreaseDecreaseInInventories (117,718)us-gaap_IncreaseDecreaseInInventories
Accounts payable (225,966)us-gaap_IncreaseDecreaseInAccountsPayableTrade (170,171)us-gaap_IncreaseDecreaseInAccountsPayableTrade
Income taxes (13,801)us-gaap_IncreaseDecreaseInIncomeTaxes (50,996)us-gaap_IncreaseDecreaseInIncomeTaxes
Accrued liabilities (71,668)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (73,355)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Other assets and liabilities (41,584)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (39,800)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Cash (used) provided by operating activities (430,624)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 13,654us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Investing activities    
Capital expenditures (33,028)us-gaap_PaymentsForCapitalImprovements (49,309)us-gaap_PaymentsForCapitalImprovements
Software purchases (36,708)us-gaap_PaymentsToAcquireSoftware (44,654)us-gaap_PaymentsToAcquireSoftware
Other, net 10,617us-gaap_PaymentsForProceedsFromOtherInvestingActivities (5,170)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Cash used by investing activities (59,119)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (99,133)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Financing activities    
Net increase in short-term borrowings 1,047,660us-gaap_ProceedsFromRepaymentsOfShortTermDebt 242,586us-gaap_ProceedsFromRepaymentsOfShortTermDebt
Payments on long-term debt (1,414)us-gaap_RepaymentsOfLongTermDebt (1,099)us-gaap_RepaymentsOfLongTermDebt
Purchases of treasury stock (730,811)us-gaap_PaymentsForRepurchaseOfCommonStock (513,778)us-gaap_PaymentsForRepurchaseOfCommonStock
Cash dividends paid (135,912)us-gaap_PaymentsOfDividendsCommonStock (114,776)us-gaap_PaymentsOfDividendsCommonStock
Proceeds from issuance of Common Stock, net of shares withheld for taxes (4,107)vfc_PaymentsRelatedToTaxWithholdingForSharebasedCompensationAndProceedsFromIssuanceOfSharesUnderIncentiveAndSharebasedCompensationPlansIncludingStockOptions (10,966)vfc_PaymentsRelatedToTaxWithholdingForSharebasedCompensationAndProceedsFromIssuanceOfSharesUnderIncentiveAndSharebasedCompensationPlansIncludingStockOptions
Tax benefits of stock-based compensation 29,678us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 31,773us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Cash provided (used) by financing activities 205,094us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (366,260)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of foreign currency rate changes on cash and equivalents (31,763)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (2,992)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net change in cash and equivalents (316,412)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (454,731)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and equivalents - beginning of year 971,895us-gaap_CashAndCashEquivalentsAtCarryingValue 776,403us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and equivalents - end of period $ 655,483us-gaap_CashAndCashEquivalentsAtCarryingValue $ 321,672us-gaap_CashAndCashEquivalentsAtCarryingValue