| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
604,357 | 739,139 | 99,468 | 680,769 | 360,064 | 160,906 | 439,834 | 330,127 | 420,197 | 329,417 | 189,623 | 213,008 |
Adjustments to reconcile net income to cash flows from operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
213,484 | 200,698 | 196,928 | 226,169 | 260,076 | 103,572 | 107,370 | 99,020 | 96,753 | 95,578 | 100,513 | 111,685 |
Gain associated with restructuring and other | |||||||||||
- | - | - | - | -6,804 | 6,333 | 0 | 61,809 | 0 | - | - | - |
Gain on acquisition | |||||||||||
0 | 0 | 6,221 | 0 | 0 | - | - | - | - | - | - | - |
Gain on sale of business | |||||||||||
0 | 210,428 | 0 | 510,278 | 0 | -85,515 | 0 | 0 | - | - | - | - |
Gain on sale of property | |||||||||||
14,411 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Restructuring and other charges | |||||||||||
- | - | - | - | - | - | - | - | - | - | 11,643 | 25,789 |
Restructuring and other charges | |||||||||||
- | - | - | - | - | - | - | - | - | - | 12,393 | 38,544 |
Stock-based compensation and other | |||||||||||
19,680 | 15,200 | 19,400 | 17,000 | 15,188 | 14,267 | 10,164 | 15,211 | 27,069 | 15,694 | 307 | 18,467 |
Excess tax benefits realized from stock-based compensation arrangements | |||||||||||
- | - | - | - | - | 826 | 3,266 | 14,809 | 10,574 | 7,981 | 2,111 | 372 |
Equity in net income of unconsolidated investments (net of tax) | |||||||||||
129,568 | 89,264 | 84,487 | 61,534 | 30,999 | 35,742 | 31,729 | 38,067 | 43,754 | 37,975 | 22,322 | 23,126 |
Dividends received from unconsolidated investments and nonmarketable securities | |||||||||||
71,746 | 57,415 | 39,386 | 43,759 | 59,912 | 40,688 | 21,632 | 26,908 | 23,685 | 16,414 | 18,045 | 13,294 |
Pension and postretirement (benefit) expense | |||||||||||
31,515 | 10,410 | -12,436 | 41,546 | -38,817 | 133,681 | -132,707 | 77,442 | 97,207 | 33,898 | 9,708 | 2,631 |
Pension and postretirement contributions | |||||||||||
16,500 | 15,200 | 13,300 | 20,068 | 21,613 | 13,916 | 13,294 | 21,610 | 59,773 | 80,105 | 39,700 | 40,279 |
Unrealized gain on investments in marketable securities | |||||||||||
2,809 | 527 | 3,135 | 3,655 | 1,239 | 825 | 3,681 | 1,872 | 688 | 1,532 | 3,554 | -4,968 |
Gain (Loss) on Extinguishment of Debt | |||||||||||
-4,800 | 0 | -52,800 | -1,921 | -5,353 | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||||
-14,394 | -49,164 | 41,941 | -21,121 | 136,298 | 64,947 | -64,865 | 14,587 | 11,198 | 42,136 | 1,720 | -12,048 |
Changes in current assets and liabilities, net of effects of acquisitions and divestitures: | |||||||||||
(Increase) in accounts receivable | |||||||||||
18,220 | 97,448 | 74,545 | 42,816 | 8,788 | -36,221 | 65,906 | 25,992 | 16,435 | 57,414 | -1,269 | -90,481 |
(Increase) in inventories | |||||||||||
46,304 | 124,067 | 101,545 | -25,974 | -27,649 | 6,486 | 1,810 | -7,364 | 41,749 | 58,582 | -180,132 | 87,929 |
(Increase) in other current assets | |||||||||||
32,941 | 2,181 | 213 | -1,808 | -12,756 | -5,809 | -5,261 | 19,590 | -4,499 | 14,511 | 5,012 | 14,196 |
(Decrease) increase in accounts payable | |||||||||||
-12,234 | 73,730 | 53,421 | 43,953 | 23,745 | 28,296 | 19,267 | -11,473 | -11,971 | 13,463 | -53,543 | 33,452 |
(Decrease) in accrued expenses and income taxes payable | |||||||||||
-4,640 | -1,999 | -269,381 | 210,276 | -96,896 | -6,680 | 12,185 | 1,981 | 28,229 | 39,092 | 18,715 | -30,227 |
Net change in noncurrent income tax payables and receivables | |||||||||||
- | - | - | - | - | - | - | - | - | - | 34,020 | 15,837 |
Net change in noncurrent environmental liabilities | |||||||||||
- | - | - | - | - | - | - | - | - | - | 4,573 | -4,753 |
Other, net | |||||||||||
-36,974 | 58,469 | -449,816 | -59,548 | 62,479 | -6,743 | -4,674 | -16,904 | 14,138 | -3,717 | 16,722 | 3,606 |
Net cash provided by operating activities | |||||||||||
719,374 | 546,165 | 303,979 | 735,524 | 360,810 | 492,609 | 432,859 | 488,766 | 487,359 | 331,309 | 358,525 | 327,158 |
Cash flows from investing activities: | |||||||||||
Acquisition of Rockwood, net of cash acquired | |||||||||||
- | - | - | - | 2,051,645 | 0 | 0 | 3,360 | 13,164 | 11,978 | 4,017 | 63,960 |
Payments to Acquire Other Businesses, Net of Cash Acquired | |||||||||||
820,000 | 11,403 | 44,367 | 126,747 | 48,845 | 0 | 0 | - | - | - | - | - |
Cash payments related to acquisitions and other | |||||||||||
- | - | - | 81,987 | 0 | 0 | 2,565 | - | - | - | - | - |
Capital expenditures | |||||||||||
851,796 | 699,991 | 317,703 | 196,654 | 227,649 | 110,576 | 155,346 | 280,873 | 190,574 | 75,478 | 100,786 | 99,736 |
Decrease in restricted cash | |||||||||||
- | - | - | - | -57,550 | 0 | 0 | - | - | - | - | - |
Cash payments related to the Port de Bouc facility divestiture | |||||||||||
- | - | - | - | - | - | - | - | - | - | 16,440 | - |
Cash impact from deconsolidation of Stannica LLC, net | |||||||||||
- | - | - | - | - | - | - | - | - | 12,649 | - | - |
Cash proceeds from divestitures, net | |||||||||||
0 | 413,569 | 6,857 | 3,325,571 | 8,883 | 104,718 | 0 | 9,646 | 0 | 8,600 | - | 0 |
Proceeds from sale of property and equipment | |||||||||||
10,356 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Return of capital from unconsolidated investment | |||||||||||
- | - | - | - | 98,000 | 0 | 0 | - | - | - | - | - |
Payment for settlement of interest rate swap | |||||||||||
- | - | - | - | - | 33,425 | 0 | 0 | - | - | - | - |
Sales of marketable securities, net | |||||||||||
-384 | 270 | 275 | -305 | -998 | -649 | -169 | 1,615 | -1,670 | -652 | 347 | 3,262 |
Repayments from joint ventures | |||||||||||
0 | 0 | 1,250 | 0 | 2,156 | -7,499 | 0 | - | - | - | - | - |
Long-term advances to joint ventures | |||||||||||
- | - | - | - | - | - | - | 24,959 | 0 | - | - | - |
Investments in equity and other corporate investments | |||||||||||
2,569 | 5,600 | 3,565 | 0 | 0 | - | - | - | 10,868 | 1,338 | 40 | 190 |
Collection of note receivable from sale of land | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 6,000 |
Net cash used in investing activities | |||||||||||
-1,663,625 | -303,695 | -357,803 | 2,920,488 | -2,160,552 | -46,133 | -157,742 | -301,161 | -212,936 | -92,191 | -121,630 | -163,704 |
Cash flows from financing activities: | |||||||||||
Proceeds from issuance of senior notes | |||||||||||
- | - | - | - | - | 1,888,197 | 0 | 0 | - | 346,853 | - | - |
Proceeds from borrowings of credit agreements | |||||||||||
1,597,807 | 0 | 27,000 | 0 | 2,250,000 | 0 | 117,000 | 0 | 3,510 | 125,797 | 14,300 | 255,246 |
Repayments of Long-term Debt | |||||||||||
175,215 | 0 | 778,209 | 1,252,302 | 2,582,901 | 6,017 | 135,733 | 14,390 | 9,043 | 424,123 | 134,332 | 48,176 |
Proceeds from (Repayments of) Other Debt | |||||||||||
-126,364 | -113,567 | 138,751 | -163,721 | 54,625 | -5,825 | 398,544 | -49,421 | -94,643 | - | - | - |
Fees related to early extinguishment of debt | |||||||||||
4,419 | 0 | 46,959 | 0 | 43,340 | - | - | - | - | - | - | - |
Dividends paid to shareholders | |||||||||||
152,204 | 144,596 | 140,557 | 135,353 | 119,302 | 84,102 | 78,107 | 69,113 | 57,759 | 49,643 | 44,432 | 42,321 |
Dividends paid to noncontrolling interests | |||||||||||
83,187 | 14,756 | 36,756 | 35,855 | 23,286 | 15,535 | 10,014 | 7,628 | 0 | - | 11,709 | 13,614 |
Purchase of noncontrolling interest | |||||||||||
- | - | - | - | 4,784 | 0 | 0 | - | - | - | - | - |
Payments for Repurchase of Common Stock | |||||||||||
0 | 500,000 | 250,000 | 0 | 0 | 150,000 | 582,298 | 63,575 | 178,132 | 14,945 | 5,812 | 168,952 |
Proceeds from exercise of stock options | |||||||||||
4,814 | 3,633 | 8,238 | 9,401 | 517 | 2,713 | 5,553 | 21,148 | 2,230 | 7,135 | 4,153 | 3,931 |
Excess tax benefits realized from stock-based compensation arrangements | |||||||||||
- | - | - | - | - | 826 | 3,266 | 14,809 | 10,574 | 7,981 | 2,111 | 372 |
Withholding taxes paid on stock-based compensation award distributions | |||||||||||
11,031 | 17,240 | 8,376 | 2,194 | 1,549 | 3,284 | 6,149 | 9,124 | 3,129 | 3,988 | -5,062 | -11,411 |
Debt financing costs | |||||||||||
7,514 | 0 | 0 | - | 4,544 | 17,644 | 108 | 0 | 2,727 | 3,005 | - | 107 |
Other | |||||||||||
- | - | - | - | -3,882 | 0 | 0 | - | - | - | - | - |
Net cash provided by financing activities | |||||||||||
1,042,687 | -786,526 | -1,086,868 | -1,580,024 | -478,446 | 1,609,329 | -288,046 | -177,294 | -329,119 | -7,938 | -180,783 | -25,032 |
Net effect of foreign exchange on cash and cash equivalents | |||||||||||
-40,646 | -37,927 | 8,239 | -19,966 | 2,154 | -43,276 | 12,472 | -2,031 | -5,538 | -10,321 | -624 | -15,670 |
Decrease in cash and cash equivalents | |||||||||||
57,790 | -581,983 | -1,132,453 | 2,056,022 | -2,276,034 | 2,012,529 | -457 | 8,280 | -60,234 | 220,859 | 55,488 | 122,752 |