| 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: | |||||||||||
Consolidated net income | |||||||||||
-200,168 | 721,574 | 407,376 | 524,788 | 500,486 | 498,390 | 399,876 | 506,717 | 599,316 | 479,625 | 123,505 | -613,635 |
Adjustments to reconcile consolidated net income to net cash provided by (used for) operations: | |||||||||||
Depreciation and amortization | |||||||||||
189,790 | 186,384 | 153,599 | 159,195 | 155,754 | 156,048 | 131,141 | 115,350 | 103,482 | 77,352 | 67,027 | 69,286 |
Amortization of stock-based compensation | |||||||||||
41,070 | 46,238 | 39,122 | 39,825 | 47,274 | 41,930 | 36,923 | 34,546 | 39,225 | 34,613 | 33,017 | 18,092 |
Amortization of deferred financing costs and discount on notes | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,162 |
Income (Loss) from Equity Method Investments | |||||||||||
-2,765 | -2,332 | 3,424 | 7,573 | 7,037 | 7,318 | 7,429 | 8,112 | 6,736 | 6,369 | 4,731 | 6,549 |
Gain (Loss) on Extinguishment of Debt | |||||||||||
0 | 0 | -59,545 | 0 | -2,943 | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||||
-50,288 | 1,236 | 38,412 | 28,740 | 5,833 | -25,744 | 273 | -5,414 | -11,377 | 17,133 | 19,313 | -88,212 |
(Gain) loss on investments, net | |||||||||||
11,462 | -14,166 | -8,020 | 2,300 | -992 | 18,269 | 0 | 0 | - | - | - | - |
Gain (Loss) on Disposition of Business | |||||||||||
-21,252 | -3,604 | -21,000 | 0 | 0 | 78,000 | 0 | 0 | - | - | - | - |
Pension settlement expense | |||||||||||
20,111 | 1,665 | 16,706 | - | - | - | - | - | - | - | - | - |
Restructuring, integration, and other charges | |||||||||||
- | - | - | - | - | - | 65,601 | 30,739 | 28,054 | 24,605 | 75,720 | 61,876 |
Impairments | |||||||||||
-698,246 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - |
Impairment charge | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,018,780 |
Non-cash impact of tax matters | |||||||||||
- | - | - | - | - | - | - | - | - | -11,716 | 0 | 7,488 |
Settlement of legal matter | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | - |
Loss on the write-down of an investment | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 10,030 |
Excess tax benefits from stock-based compensation arrangements | |||||||||||
- | - | - | - | - | 7,129 | 7,172 | 5,029 | 7,956 | 1,922 | -1,731 | 161 |
Other | |||||||||||
-10,659 | -9,198 | -10,466 | -5,972 | -4,951 | -2,686 | -3,534 | 5,786 | 4,309 | -3,302 | -5,541 | - |
Change in assets and liabilities, net of effects of acquired and disposed businesses: | |||||||||||
Accounts receivable | |||||||||||
-338,849 | 1,007,308 | 1,079,094 | 600,925 | 68,990 | 521,613 | 572,886 | 318,689 | 193,492 | 805,637 | -2,302 | -269,655 |
Inventories | |||||||||||
-383,058 | 618,875 | 379,835 | 403,980 | 42,790 | 210,789 | 21,277 | 62,383 | -105,150 | 497,294 | -286,626 | -85,489 |
Accounts payable | |||||||||||
-521,575 | 936,423 | 816,602 | 582,165 | 33,398 | 628,697 | 446,814 | 406,874 | -465,603 | 799,142 | 304,295 | -191,669 |
Accrued expenses | |||||||||||
-27,475 | 112,123 | -5,013 | 46,439 | 56,139 | 41,720 | -123,969 | 38,858 | -74,236 | 88,675 | -92,587 | 2,977 |
Other assets and liabilities | |||||||||||
36,837 | 136,070 | -21,075 | 12,674 | 28,945 | -16,692 | -99,262 | 52,638 | -747 | -19,263 | -28,096 | -10,834 |
Net cash provided by (used for) operating activities | |||||||||||
857,995 | 272,690 | 124,557 | 359,672 | 660,008 | 673,301 | 450,691 | 675,033 | 120,883 | 220,772 | 849,855 | 619,799 |
Cash flows from investing activities: | |||||||||||
Cash consideration paid for acquired businesses, net of cash acquired | |||||||||||
0 | 331,563 | 3,628 | 64,751 | 514,731 | 162,881 | 367,940 | 281,918 | 532,568 | 587,087 | 170,064 | 333,491 |
Proceeds from (cash paid on) disposition of businesses | |||||||||||
-13,094 | 32,013 | 0 | 0 | - | - | - | - | - | - | - | - |
Acquisition of property, plant, and equipment | |||||||||||
143,191 | 135,336 | 203,949 | 164,695 | 154,800 | 122,505 | 116,162 | 112,224 | 113,941 | 112,254 | 121,516 | 158,688 |
Proceeds from sale of property, plant, and equipment | |||||||||||
0 | 5,421 | 24,433 | 0 | 3,496 | 0 | 0 | - | - | 16,971 | 1,153 | - |
Payments to Acquire Intangible Assets | |||||||||||
7,616 | 20,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of investment | |||||||||||
- | - | - | - | 2,008 | 40,542 | 0 | 0 | - | - | - | - |
Other | |||||||||||
9,682 | 13,500 | 5,614 | 12,000 | 0 | 0 | 3,000 | 15,000 | 0 | 0 | 272 | 512 |
Net cash used for investing activities | |||||||||||
-173,583 | -462,965 | -188,758 | -241,446 | -664,027 | -244,844 | -487,102 | -409,142 | -646,509 | -682,370 | -290,699 | -492,691 |
Cash flows from financing activities: | |||||||||||
Change in short-term and other borrowings | |||||||||||
-113,923 | 192,192 | -41,316 | 48,684 | -46,645 | -12,541 | -31,340 | -9,812 | -6,172 | 9,775 | -48,144 | 2,604 |
Proceeds from (repayments of) long-term bank borrowings, net | |||||||||||
-405,007 | 306,635 | 47,760 | 313,000 | -128,000 | -145,000 | 71,400 | -5,400 | 354,000 | 0 | 0 | - |
Repayments of Bank Debt | |||||||||||
- | - | - | - | - | - | - | - | 200,000 | 0 | 0 | - |
Proceeds from note offering, net | |||||||||||
0 | 0 | 986,203 | 0 | 688,162 | 0 | 591,156 | 0 | 0 | 494,325 | 297,430 | - |
Repayments of long-term bank borrowings, net | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,489 |
Redemption of notes | |||||||||||
0 | 300,000 | 558,887 | 0 | 254,313 | 0 | 338,184 | 0 | 19,324 | 69,545 | 135,658 | - |
Proceeds from exercise of stock options | |||||||||||
16,911 | 8,819 | 22,195 | 18,967 | 14,900 | 21,788 | 36,014 | 13,372 | 46,665 | 8,057 | 4,234 | 4,392 |
Excess tax benefits from stock-based compensation arrangements | |||||||||||
- | - | - | - | - | 7,129 | 7,172 | 5,029 | 7,956 | 1,922 | -1,731 | 161 |
Repurchases of common stock | |||||||||||
404,203 | 243,305 | 174,239 | 216,446 | 356,434 | 304,763 | 362,793 | 260,870 | 197,044 | 173,650 | 2,478 | 115,763 |
Purchase of shares from noncontrolling interest | |||||||||||
0 | 0 | -23,350 | 0 | -4,675 | - | - | - | - | - | - | - |
Other | |||||||||||
-147 | -1,174 | -1,620 | -2,007 | -2,111 | -1,499 | 0 | 0 | - | - | - | - |
Net cash provided by (used for) financing activities | |||||||||||
-906,369 | -36,833 | 256,746 | 162,198 | -89,116 | -434,886 | -26,575 | -257,681 | -13,919 | 270,884 | 113,653 | -111,095 |
Effect of exchange rate changes on cash | |||||||||||
12,733 | 6,352 | 3,218 | -19,194 | -34,130 | 16,182 | 43,904 | 4,587 | 10,111 | -19,972 | 12,926 | -12,472 |
Net increase (decrease) in cash and cash equivalents | |||||||||||
-209,224 | -220,756 | 195,763 | 261,230 | -127,265 | 9,753 | -19,082 | 12,797 | -529,434 | -210,686 | 685,735 | 3,541 |