| 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 (loss) | |||||||||||
122,628 | 129,565 | 267,705 | 178,653 | 53,893 | 133,240 | 111,657 | 42,702 | 93,095 | 232,147 | 156,283 | -457,476 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
524,177 | 571,961 | 581,940 | 555,186 | 494,200 | 464,706 | 410,346 | 370,479 | 335,644 | 323,608 | 305,510 | 309,920 |
Gain on sale of real estate | |||||||||||
3,302 | 0 | 108,109 | 0 | 0 | - | - | - | - | - | - | - |
Goodwill impairment | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 671,117 |
Amortization of deferred debt issuance costs and premiums | |||||||||||
1,640 | 1,120 | 1,235 | 1,403 | 1,665 | 2,237 | 2,880 | 3,663 | 3,737 | 4,458 | 4,780 | 4,717 |
Provision for accounts receivable | |||||||||||
- | - | - | - | - | - | - | - | - | 508 | -80 | 265 |
Deferred Income Tax Expense (Benefit) | |||||||||||
25,931 | -13,110 | -42,189 | 1,443 | -697 | -17,190 | -8,256 | 6,078 | -2,239 | 4,736 | -30,599 | 8,811 |
Equity in earnings of unconsolidated affiliate | |||||||||||
- | - | - | - | 14,016 | 31,007 | 10,316 | 5,592 | 7,085 | 6,435 | 2,373 | - |
Loss on debt retirement | |||||||||||
-8,536 | -1,512 | -4,835 | 0 | -9,560 | -757 | -11,619 | -737 | -10,557 | -10,562 | 15,088 | 35,987 |
Loss (gain) on disposal of fixed assets, net | |||||||||||
1,175 | -5,310 | 2,648 | -1,390 | -1,190 | -1,276 | 2,545 | 1,676 | -1,942 | -423 | -7,262 | -2,887 |
Share-based compensation | |||||||||||
6,911 | 5,018 | 5,145 | 3,251 | 3,852 | 3,700 | 2,971 | 2,720 | 5,010 | 3,515 | 2,577 | 4,588 |
Loss from acquisition of J-Devices | |||||||||||
- | - | - | - | 13,501 | 0 | 0 | - | - | - | - | - |
Gain on sale of subsidiary to J-Devices | |||||||||||
- | - | - | - | - | 9,155 | 0 | 0 | - | - | - | - |
Proceeds from insurance recovery for property, plant and equipment | |||||||||||
- | - | - | 15,166 | 0 | 0 | - | - | - | - | - | - |
Other operating activities and non-cash items | |||||||||||
-4,394 | -2,558 | 8,143 | -2,858 | -4,014 | -869 | 712 | 1,279 | 189 | -4,317 | -838 | 1,243 |
Changes in assets and liabilities, net of acquisitions: | |||||||||||
Accounts receivable | |||||||||||
124,140 | -80,571 | 133,814 | 55,184 | -122,840 | 80,775 | 531 | 97,677 | -95,882 | 58,225 | 68,912 | -144,942 |
Other receivables | |||||||||||
- | - | - | - | - | - | - | - | -2,813 | -203 | 4,338 | 9,070 |
Inventories | |||||||||||
-10,208 | 16,310 | 36,307 | 8,623 | -27,677 | 27,817 | -38,248 | 29,882 | 6,912 | 34,882 | 20,991 | -16,696 |
Other current assets | |||||||||||
2,369 | -4,329 | 2,473 | -1,124 | 3,309 | 8,747 | -10,873 | 5,015 | 5,597 | -6,876 | -5,173 | -6,155 |
Other assets | |||||||||||
-2,253 | -1,986 | 458 | -1,037 | -333 | -954 | 3,709 | 598 | -347 | 1,365 | 1,214 | -2,922 |
Trade accounts payable | |||||||||||
38,670 | -43,490 | 67,574 | 48,581 | -48,368 | 55,693 | -67,198 | 17,142 | -7,539 | 18,379 | 96,854 | -81,598 |
Accrued expenses | |||||||||||
-33,297 | -78,136 | 29,424 | 48,159 | -42,042 | 16,720 | 32,001 | 66,566 | -21,676 | 18,019 | -108,712 | 92,115 |
Pension and severance obligations | |||||||||||
-12,216 | -4,653 | 23,881 | 1,625 | -7,321 | -509 | 20,748 | - | - | - | - | - |
Net operating lease ROU asset | |||||||||||
127,743 | - | - | - | - | - | - | - | - | - | - | - |
Operating lease liabilities | |||||||||||
131,967 | - | - | - | - | - | - | - | - | - | - | - |
Other non-current liabilities | |||||||||||
-9,223 | 15,179 | -29,331 | -36,335 | -31,997 | 109,714 | 9,460 | 20,695 | 19,042 | 15,751 | -65,245 | -76,429 |
Net cash provided by operating activities | |||||||||||
563,850 | 663,410 | 618,267 | 729,402 | 584,975 | 614,666 | 557,536 | 389,063 | 516,832 | 542,595 | 261,725 | 605,818 |
Cash flows from investing activities: | |||||||||||
Payments for property, plant and equipment | |||||||||||
472,433 | 547,122 | 550,943 | 650,038 | 537,975 | 681,120 | 566,256 | 533,512 | 466,694 | 445,669 | 173,496 | 386,239 |
Proceeds from sale of property, plant and equipment | |||||||||||
10,117 | 2,841 | 141,530 | 45,635 | 6,945 | 2,815 | 27,209 | 2,727 | 15,823 | 3,125 | 3,116 | 15,480 |
Proceeds from insurance recovery for property, plant and equipment | |||||||||||
1,538 | 1,371 | 0 | 15,166 | 0 | 0 | - | - | - | - | - | - |
Proceeds from foreign exchange forward contracts | |||||||||||
13,550 | 6,754 | 0 | - | - | - | - | - | - | - | - | - |
Payments for foreign exchange forward contracts | |||||||||||
15,593 | 5,864 | 0 | - | - | - | - | - | - | - | - | - |
Acquisition of business, net of cash acquired | |||||||||||
0 | 0 | 43,771 | 0 | -22,577 | 0 | 41,865 | 0 | 0 | - | - | - |
Payments from J-Devices | |||||||||||
- | - | - | - | - | - | - | - | 10,794 | 13,384 | 0 | - |
Investment in unconsolidated affiliate | |||||||||||
- | - | - | - | - | - | - | - | - | - | 16,735 | - |
Purchase of equipment leased to unconsolidated affiliate | |||||||||||
- | - | - | - | - | - | - | - | - | - | 44,681 | - |
Investment in J-Devices | |||||||||||
- | - | - | - | 12,908 | 0 | 67,372 | 0 | 0 | - | - | - |
Disposition of business to J-Devices, net of cash transferred | |||||||||||
- | - | - | - | 8,355 | -15,774 | 0 | 0 | - | - | - | - |
Lease payments from J-Devices | |||||||||||
- | - | - | - | - | - | 8,843 | 15,484 | - | - | - | - |
Payments for short-term investments | |||||||||||
- | - | - | - | - | 20,000 | 0 | 0 | - | - | - | - |
Proceeds from short-term investment | |||||||||||
- | - | - | - | - | 20,000 | 0 | 0 | - | - | - | - |
Change in restricted cash | |||||||||||
- | - | - | - | - | - | - | - | -13,046 | 10,253 | 2,898 | 2,242 |
Proceeds from sale of securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,460 |
Other investing activities | |||||||||||
-332 | -4,637 | 1,648 | 190 | 1,984 | 510 | 1,053 | 4,820 | 3,503 | 5,508 | 6,184 | 839 |
Net cash used in investing activities | |||||||||||
-462,489 | -537,383 | -454,832 | -589,427 | -514,990 | -694,589 | -640,494 | -520,121 | -430,534 | -444,921 | -240,878 | -371,380 |
Cash flows from financing activities: | |||||||||||
Proceeds from revolving credit facilities | |||||||||||
272,700 | 0 | 75,000 | 125,000 | 290,000 | 0 | 5,000 | 0 | 0 | - | 15,000 | 619 |
Payments of revolving credit facilities | |||||||||||
272,700 | 75,000 | 0 | 255,000 | 150,000 | 0 | 5,000 | 0 | 0 | - | 0 | 633 |
Borrowings under revolving credit facilities | |||||||||||
- | - | - | - | - | - | - | - | - | 3,261 | 41,410 | - |
Payments under revolving credit facilities | |||||||||||
- | - | - | - | - | - | - | - | - | 34,253 | 10,171 | - |
Proceeds from short-term debt | |||||||||||
51,434 | 23,341 | 77,781 | 49,131 | 0 | 0 | - | 30,000 | 26,567 | 15,000 | - | - |
Payments of short-term debt | |||||||||||
52,635 | 46,631 | 70,236 | 49,500 | 0 | 0 | - | 50,000 | 21,567 | 15,000 | - | - |
Proceeds from issuance of long-term debt | |||||||||||
975,575 | 596,226 | 223,976 | 46,000 | 400,000 | 80,000 | 375,000 | 637,528 | 387,512 | 611,007 | 100,000 | - |
Payments of long-term debt | |||||||||||
862,927 | 535,738 | 405,269 | 32,078 | 537,030 | 145,000 | 80,000 | 420,116 | 392,191 | 663,433 | 338,104 | 233,814 |
Payments of long-term debt, related party | |||||||||||
0 | 0 | 17,837 | 0 | 0 | - | - | - | - | - | - | - |
Payments for debt issuance costs | |||||||||||
7,027 | 3,796 | 156 | - | - | 903 | 3,216 | 6,007 | 5,875 | 7,487 | 8,479 | - |
Proceeds from issuance of long-term debt, related party | |||||||||||
- | - | - | - | - | - | - | - | 75,000 | 0 | 150,000 | - |
Payments of finance lease obligations | |||||||||||
6,574 | 3,930 | 5,340 | 2,543 | 0 | 0 | - | - | - | - | - | - |
Payments for retirement of debt | |||||||||||
- | - | - | - | - | 757 | 11,619 | 0 | 0 | - | - | - |
Payment of deferred consideration for purchase of facility | |||||||||||
0 | 0 | 3,890 | 0 | 0 | 18,763 | 0 | 0 | - | - | - | - |
Payments for repurchase of common stock | |||||||||||
- | - | - | - | - | - | - | 80,946 | 128,368 | 0 | 0 | - |
Proceeds from issuance of stock through share-based compensation plans | |||||||||||
11,405 | 1,050 | 3,124 | 8,247 | 931 | 6,250 | 446 | 182 | 821 | 1,048 | 693 | 10,203 |
Other financing activities | |||||||||||
-1,001 | 3,855 | -2,039 | -1,436 | -1,288 | - | - | - | - | - | - | - |
Payments of tax withholding for restricted shares | |||||||||||
- | - | - | - | - | 1,579 | 466 | 609 | 776 | 0 | 0 | - |
Payments of subsidiary dividends to non-controlling interests | |||||||||||
- | - | - | - | - | 0 | 0 | - | - | - | - | - |
Net cash provided by financing activities | |||||||||||
108,250 | -40,623 | -124,886 | -112,179 | 2,613 | -80,752 | 280,145 | 110,032 | -58,877 | -89,857 | -49,651 | -223,625 |
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash | |||||||||||
870 | -204 | 8,807 | 351 | 0 | 68 | 207 | -557 | 2,212 | 1,775 | -106 | 3,433 |
Net increase (decrease) in cash, cash equivalents and restricted cash | |||||||||||
210,481 | 85,200 | 47,356 | 28,147 | 72,598 | -160,607 | 197,394 | -21,583 | 29,633 | 9,592 | -28,910 | 14,246 |
Supplemental disclosures of cash flow information: | |||||||||||
Cash paid during the period for: | |||||||||||
Interest | |||||||||||
65,992 | 77,575 | 83,808 | 86,777 | 96,227 | 100,650 | 100,577 | 86,138 | 81,280 | 96,642 | 116,223 | 121,297 |
Income taxes | |||||||||||
44,495 | 63,080 | 61,878 | 32,174 | 35,084 | 37,315 | 18,318 | 8,199 | 16,380 | 5,906 | 11,991 | 21,997 |
Non-cash investing and financing activities: | |||||||||||
Property, plant and equipment included in capital expenditures payable | |||||||||||
77,250 | 256,070 | 294,912 | 146,080 | 242,980 | 127,568 | 104,800 | -122,969 | - | - | - | - |
Right of use assets acquired through finance lease liabilities | |||||||||||
10,835 | 17,163 | 929 | 6,358 | 0 | 0 | - | - | - | - | - | - |
Right of use assets acquired through operating lease liabilities | |||||||||||
60,963 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Common stock issuance for conversion and exchange in 2014 of 6.0% convertible senior subordinated notes due April 2014 | |||||||||||
- | - | - | - | - | 56,350 | 193,650 | 0 | 0 | - | - | - |
Receivable for equipment leased to unconsolidated affiliate | |||||||||||
- | - | - | - | - | - | - | - | - | - | 44,681 | - |
Common stock issuance for conversion of related party 6.25% convertible subordinated notes | |||||||||||
- | - | - | - | - | - | - | - | 100,000 | 0 | 0 | - |