| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
Cash provided (required) by operating activities: | ||||||
Net income (loss) attributable to Apergy | ||||||
- | - | - | - | 51,698 | ||
Net income (loss) | ||||||
52,960 | 93,191 | 110,519 | -10,900 | 53,134 | ||
Adjustments to reconcile net income to net cash provided (required) by operating activities: | ||||||
Depreciation and amortization | ||||||
- | - | - | - | 119,992 | ||
Depreciation | ||||||
68,600 | 72,600 | 59,200 | 56,100 | 60,831 | ||
Amortization | ||||||
51,381 | 51,892 | 53,701 | 55,987 | - | ||
Stock-based compensation | ||||||
10,250 | 5,375 | 2,236 | 2,293 | 1,925 | ||
Loss (gain) on sale of fixed assets | ||||||
-429 | 1,173 | 934 | 366 | -1,463 | ||
Loss on goodwill and long-lived asset impairment | ||||||
1,874 | 990 | 3,581 | 0 | - | ||
Provision for doubtful accounts | ||||||
4,955 | 2,007 | 954 | - | 2,154 | ||
Amortization of deferred loan costs and accretion of discount | ||||||
2,590 | 1,671 | 0 | - | - | ||
Deferred income taxes | ||||||
- | - | - | - | -21,296 | ||
Deferred income taxes | ||||||
-13,874 | 1,492 | -73,501 | -19,994 | -20,270 | ||
Employee benefit plan expense | ||||||
1,883 | 3,340 | 1,064 | 1,128 | 1,114 | ||
Contributions to employee benefit plans | ||||||
- | - | - | - | 2,667 | ||
Other | ||||||
3,464 | 1,885 | -6,142 | -858 | 8,392 | ||
Changes in operating assets and liabilities (net of effects of foreign exchange): | ||||||
Receivables | ||||||
-25,948 | 55,378 | 61,573 | -26,898 | -74,825 | ||
Inventories | ||||||
-19,065 | 40,018 | 13,808 | -32,912 | -58,772 | ||
Prepaid expenses and other current assets | ||||||
10,742 | 3,750 | 5,116 | -3,156 | 2,388 | ||
Accounts payable | ||||||
-20,526 | 40,393 | 31,827 | -9,874 | -32,123 | ||
Accrued compensation and employee benefits | ||||||
-6,358 | 8,454 | 5,616 | -2,122 | -17,772 | ||
Accrued expenses and other liabilities | ||||||
4,406 | 12,095 | -165 | -1,387 | - | ||
Leased assets | ||||||
40,700 | 25,867 | 27,788 | - | - | ||
Other | ||||||
-337 | 5,268 | 3,582 | 7 | 29,444 | ||
Net cash provided by operating activities | ||||||
155,899 | 163,900 | 76,050 | 133,000 | 215,671 | ||
Cash provided (required) by investing activities: | ||||||
Capital expenditures | ||||||
39,780 | 57,918 | 36,654 | 26,099 | 31,985 | ||
Proceeds from sale of fixed assets | ||||||
4,598 | 1,187 | 3,547 | 2,526 | 7,884 | ||
Payments on sale of business | ||||||
2,194 | 2,473 | 0 | 0 | - | ||
Payments to Acquire Businesses, Net of Cash Acquired | ||||||
12,500 | 0 | 8,842 | 0 | 10,000 | ||
Addition to intangible assets | ||||||
- | - | - | 3,700 | 10,000 | ||
Purchase price adjustments on acquisition | ||||||
0 | -53 | 0 | 0 | - | ||
Net cash required by investing activities | ||||||
-49,876 | -54,205 | -41,949 | -27,273 | -34,101 | ||
Cash provided (required) by financing activities: | ||||||
Proceeds from long-term debt, net of discounts | ||||||
36,500 | 713,963 | 0 | 0 | - | ||
Payment of debt issue costs | ||||||
0 | 16,006 | 0 | 0 | - | ||
Repayment of long-term debt | ||||||
141,500 | 45,000 | 599 | 0 | - | ||
Distributions to Dover Corporation, net | ||||||
0 | -736,557 | -31,192 | -84,254 | - | ||
Distributions to Dover Corporation | ||||||
0 | -736,557 | -31,192 | -84,254 | -194,977 | ||
Distribution to noncontrolling interest | ||||||
0 | 2,720 | 1,212 | 1,727 | - | ||
Payment of finance lease obligations | ||||||
5,555 | 4,518 | 3,690 | 4,037 | - | ||
Payments related to taxes withheld on stock-based compensation | ||||||
1,848 | 0 | 0 | - | - | ||
Net transfers to Parent | ||||||
0 | -736,557 | -31,192 | -84,254 | -194,977 | ||
Net cash required by financing activities | ||||||
-112,403 | -90,838 | -36,693 | -90,000 | -194,977 | ||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-162 | -737 | 277 | -90 | -531 | ||
Net decrease in cash and cash equivalents | ||||||
-6,542 | 18,120 | -2,315 | 15,610 | -13,938 | ||
Supplemental information - cash paid during the year for: | ||||||
Income taxes | ||||||
- | - | - | - | 7,808 | ||