| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||||
Net income discontinued operations | |||||||||||
- | -193,800 | -285,000 | 1,700 | - | - | - | - | - | - | - | - |
Net income | |||||||||||
462,800 | 377,500 | 588,000 | 559,900 | 457,500 | 469,000 | 489,900 | 485,600 | 627,000 | 595,500 | 12,600 | 172,400 |
Adjustments (non-cash items) to reconcile net income to cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
350,600 | 397,100 | 425,800 | 383,000 | 319,100 | 305,400 | 286,000 | 273,200 | 268,300 | 281,700 | 314,300 | 346,900 |
EC antitrust non-cash provision | |||||||||||
- | 210,000 | - | - | - | - | - | - | - | - | - | - |
Goodwill, impairment charge | |||||||||||
- | - | 234,200 | - | 0 | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||||
-16,000 | 3,000 | -47,200 | -24,800 | -24,100 | -800 | 35,200 | -31,800 | 5,000 | 17,800 | -62,500 | -12,200 |
Loss on extinguishment of debt | |||||||||||
- | - | - | - | - | - | - | - | -6,200 | -12,300 | - | - |
Loss from equity method investments, net of dividends | |||||||||||
-4,000 | -31,900 | -38,100 | -1,000 | 400 | 3,400 | 2,700 | 3,300 | 400 | -5,100 | 3,300 | -3,600 |
Net change in: | |||||||||||
EC antitrust payment | |||||||||||
203,000 | - | - | - | - | - | - | - | - | - | - | - |
Receivables and other assets, gross | |||||||||||
-25,400 | 48,400 | 102,200 | 292,300 | 173,000 | 143,100 | 245,500 | 48,400 | 114,300 | 227,800 | 175,000 | -352,900 |
Inventories, gross | |||||||||||
-15,400 | 123,900 | 21,000 | 72,600 | 92,700 | 69,800 | 63,600 | -6,900 | 65,500 | 50,400 | -134,200 | 66,100 |
Accounts payable and accrued expenses | |||||||||||
35,700 | -37,800 | 112,300 | 271,200 | 230,400 | 106,900 | 299,700 | -28,000 | 35,400 | 230,400 | 235,100 | -206,400 |
Income taxes | |||||||||||
-29,300 | -19,200 | 10,600 | 15,900 | 9,200 | 3,300 | 28,200 | -10,600 | -30,800 | 37,300 | 12,900 | -7,100 |
Other, net | |||||||||||
4,900 | 5,800 | 17,700 | -25,400 | -24,500 | -45,200 | -10,700 | -44,900 | -27,300 | -22,500 | -24,300 | 36,800 |
Net cash provided by operating activities | |||||||||||
640,700 | 590,600 | 935,900 | 868,400 | 750,500 | 712,700 | 837,900 | 688,500 | 758,200 | 924,400 | 492,600 | 613,600 |
Investing activities | |||||||||||
Expenditures for property, plant and equipment | |||||||||||
483,400 | 560,000 | 580,100 | 506,800 | 465,800 | 456,000 | 385,600 | 365,400 | 367,300 | 236,400 | 139,700 | 293,400 |
Proceeds from sale of property, plant and equipment | |||||||||||
7,300 | 5,200 | 10,500 | 8,200 | 16,200 | 2,600 | 6,300 | 5,000 | 10,300 | 12,000 | 9,300 | 14,900 |
Acquisition of intangible assets | |||||||||||
- | - | - | 1,100 | 24,900 | 1,400 | 2,000 | - | - | - | - | 600 |
Acquisition of businesses and interest in affiliates, net of cash acquired | |||||||||||
- | 72,000 | 125,300 | 226,300 | 103,100 | - | - | - | - | - | - | - |
Acquisition of businesses, net of cash acquired | |||||||||||
- | - | - | - | - | - | - | 1,800 | 23,200 | 77,400 | 36,300 | 42,500 |
Net proceeds from divestitures | |||||||||||
- | - | 1,400 | - | - | 2,400 | - | 5,200 | 5,400 | - | - | - |
Other | |||||||||||
- | 900 | 3,800 | - | 13,500 | 600 | -3,900 | 1,200 | -2,100 | -4,600 | -9,400 | -600 |
Net cash used in investing activities | |||||||||||
-476,100 | -627,700 | -697,300 | -726,000 | -591,100 | -453,000 | -377,400 | -358,200 | -372,700 | -297,200 | -157,300 | -321,000 |
Financing activities | |||||||||||
Net decrease in short-term debt | |||||||||||
-364,100 | 355,400 | -208,600 | -2,700 | -29,000 | -252,700 | 272,800 | -119,800 | 103,100 | -278,600 | 17,100 | -22,500 |
Increase of long-term debt | |||||||||||
243,500 | 582,200 | - | - | - | 1,263,000 | - | 98,500 | 47,100 | 19,800 | 595,400 | 737,400 |
Debt issuance costs | |||||||||||
300 | 2,600 | - | - | - | - | - | - | - | - | - | - |
Repayments and other changes in long-term debt | |||||||||||
- | - | - | - | 12,200 | 1,200 | 277,300 | 9,400 | 219,700 | 170,800 | 1,203,800 | 322,500 |
Cash paid for extinguishment of debt | |||||||||||
- | - | - | - | - | - | - | - | 6,300 | 8,300 | - | - |
Dividends paid to non-controlling interest | |||||||||||
1,100 | 2,100 | 100 | 1,700 | - | 4,900 | 3,300 | 800 | 400 | - | 3,100 | 3,300 |
Acquisition of subsidiary shares from non-controlling interest | |||||||||||
- | - | - | - | - | - | - | - | - | 63,700 | 4,600 | 6,800 |
Dividends paid | |||||||||||
217,000 | 214,300 | 208,700 | 202,800 | 195,700 | 194,900 | 191,000 | 177,600 | 154,300 | 57,700 | 14,800 | 115,200 |
Shares repurchased | |||||||||||
- | - | 157,000 | - | 104,400 | 616,000 | 147,900 | - | - | - | - | 173,500 |
Common stock and purchase contract issue | |||||||||||
- | - | - | - | - | - | - | 106,300 | - | - | 236,900 | - |
Common stock options exercised | |||||||||||
900 | 8,200 | 7,900 | 5,900 | 20,300 | 32,500 | 27,000 | 12,900 | 12,900 | 29,200 | 800 | 4,900 |
Capital contribution to Veoneer | |||||||||||
- | 971,800 | - | - | - | - | - | - | - | - | - | - |
Capital contribution from non-controlling interest | |||||||||||
- | - | - | - | 1,600 | - | 400 | - | - | 1,200 | - | - |
Other, net | |||||||||||
- | - | 300 | 1,100 | 500 | 500 | 1,000 | -1,400 | -5,300 | - | - | - |
Net cash provided by (used in) financing activities | |||||||||||
-338,100 | -245,000 | -566,200 | -200,200 | -318,900 | 226,300 | -318,300 | -91,300 | -222,900 | -528,900 | -376,100 | 98,500 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
2,400 | -61,600 | 60,400 | -49,000 | -36,000 | -75,300 | -1,600 | -500 | -11,100 | 16,700 | 24,900 | -56,300 |
Increase (decrease) in cash and cash equivalents | |||||||||||
-171,100 | -343,700 | -267,200 | -106,800 | -195,500 | 410,700 | 140,600 | 238,500 | 151,500 | 115,000 | -15,900 | 334,800 |