| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net income | ||||||
113,300 | 75,700 | 89,700 | 123,000 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation, depletion, and amortization | ||||||
85,800 | 67,600 | 65,700 | 65,600 | |||
Impairment charge | ||||||
0 | 23,200 | 0 | 0 | |||
Stock-based compensation expense | ||||||
14,600 | 9,900 | 9,000 | 10,500 | |||
Provision for deferred income taxes | ||||||
17,300 | 22,400 | 10,300 | 23,100 | |||
Gains on disposition of property and other assets | ||||||
4,000 | 1,100 | 1,400 | 1,300 | |||
(Increase) decrease in other assets | ||||||
900 | -6,400 | 3,300 | 4,300 | |||
Increase (decrease) in other liabilities | ||||||
4,200 | -1,700 | -7,600 | 900 | |||
Other | ||||||
4,100 | 3,100 | -100 | 0 | |||
Changes in current assets and liabilities: | ||||||
(Increase) decrease in receivables | ||||||
-99,000 | 80,900 | 26,400 | -300 | |||
(Increase) decrease in inventories | ||||||
22,700 | 29,900 | -24,300 | -56,400 | |||
(Increase) decrease in other current assets | ||||||
11,600 | 10,800 | 600 | -3,100 | |||
Increase (decrease) in accounts payable | ||||||
3,500 | 20,600 | 7,100 | -20,500 | |||
Increase (decrease) in advance billings | ||||||
49,300 | 7,700 | -9,100 | - | |||
Increase (decrease) in accrued liabilities | ||||||
15,100 | 12,500 | 4,200 | -29,000 | |||
Net cash provided by operating activities | ||||||
358,800 | 118,500 | 162,000 | 227,800 | |||
Investing activities: | ||||||
Proceeds from disposition of property and other assets | ||||||
8,900 | 10,200 | 3,500 | 5,000 | |||
Capital expenditures | ||||||
85,400 | 44,800 | 82,400 | 84,800 | |||
Acquisitions, net of cash acquired | ||||||
32,900 | 333,200 | 47,500 | 0 | |||
Proceeds from divestitures | ||||||
0 | 3,300 | 0 | 0 | |||
Net cash required by investing activities | ||||||
-109,400 | -364,500 | -126,400 | -79,800 | |||
Financing activities: | ||||||
Payments to retire debt | ||||||
81,200 | 300 | 100 | 500 | |||
Proceeds from issuance of debt | ||||||
0 | 180,000 | 600 | 0 | |||
Shares repurchased | ||||||
11,000 | 3,000 | 0 | 0 | |||
Dividends paid to common shareholders | ||||||
9,900 | 0 | 0 | - | |||
Purchase of shares to satisfy employee tax on vested stock | ||||||
4,400 | 500 | 0 | - | |||
Capital contribution from Former Parent | ||||||
0 | 200,000 | 0 | 0 | |||
Net transfers to Former Parent and affiliates | ||||||
0 | -34,500 | -43,000 | -141,700 | |||
Other | ||||||
-1,900 | -3,100 | -300 | -2,000 | |||
Net cash provided by (required by) financing activities | ||||||
-108,400 | 338,600 | -42,800 | -144,200 | |||
Net increase (decrease) in cash and cash equivalents | ||||||
141,000 | 92,600 | -7,200 | 3,800 | |||