| 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 | |||||||||||
242,227 | 194,766 | 220,029 | 205,604 | 199,295 | 191,624 | 171,926 | 162,420 | 183,630 | 173,589 | 124,597 | 153,501 |
Adjustments to reconcile net income to net cash provided by operations: | |||||||||||
Depreciation | |||||||||||
166,944 | 156,292 | 142,755 | 145,485 | 134,647 | 146,893 | 144,923 | 133,845 | 132,048 | 129,339 | 127,709 | 124,884 |
Amortization | |||||||||||
27,608 | 15,455 | 10,339 | 9,317 | 4,246 | 5,325 | 5,033 | 3,177 | 2,195 | 3,620 | 5,304 | 6,261 |
Stock based compensation | |||||||||||
23,893 | 19,561 | 18,924 | 19,824 | 20,612 | 19,749 | 14,392 | 12,695 | 13,753 | 11,215 | 9,761 | 11,054 |
Provision for CECL | |||||||||||
782 | 923 | 235 | 561 | -813 | 741 | -385 | -595 | 1,642 | -252 | 701 | 3,063 |
(Gain) loss on disposition of fixed assets | |||||||||||
-344 | 770 | -387 | 348 | - | - | - | - | - | - | - | - |
Gain on remeasurement of equity securities | |||||||||||
- | 6,500 | - | 2,013 | - | - | - | - | - | - | - | - |
Debt prepayment costs | |||||||||||
- | - | -4,710 | - | - | - | - | - | - | - | - | - |
Facilities consolidation and severance expenses | |||||||||||
- | - | - | - | - | - | - | - | - | - | 4,435 | - |
Deferred income taxes | |||||||||||
8,746 | -23,352 | 2,238 | -11,112 | -7,141 | -18,973 | 6,844 | -9,015 | 2,004 | 503 | -1,329 | -1,326 |
Defined benefit plan expense | |||||||||||
15,342 | 19,501 | 17,200 | 16,786 | 20,685 | 16,699 | 19,408 | 14,611 | 10,908 | 8,622 | 9,031 | - |
Equity in results of affiliates | |||||||||||
135 | -229 | -229 | -191 | -718 | -1,917 | -883 | -457 | -17 | 15 | 164 | 113 |
Changes in balance sheet items, excluding effects from acquisitions and foreign currency adjustments: | |||||||||||
Accounts and other receivables | |||||||||||
-8,811 | 66,968 | 44,658 | 41,721 | 27,759 | 16,322 | 32,806 | -16,689 | 44,997 | 50,143 | -34,289 | 5,288 |
Retirement and deferred compensation plan expense | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 8,405 |
Inventories | |||||||||||
-605 | 25,183 | 12,989 | 834 | 18,925 | -5,205 | 29,918 | 19,712 | 22,332 | 47,388 | -21,768 | -16,800 |
Prepaid and other current assets | |||||||||||
-6,596 | 9,437 | 33,959 | 5,968 | 6,982 | 6,496 | 6,394 | -10,124 | 34,252 | -4,390 | -7,437 | 10,126 |
Accounts payable, accrued and other liabilities | |||||||||||
-779 | 37,155 | 58,245 | -12,474 | 39,330 | -24,319 | 1,144 | -824 | 5,271 | 59,147 | -36,724 | -13,150 |
Income taxes payable | |||||||||||
5,658 | -3,155 | -8,753 | 15,056 | 3,397 | -10,949 | 16,712 | 2,969 | -9,615 | 9,306 | -2,947 | -23,327 |
Retirement and deferred compensation plan liabilities | |||||||||||
-3,956 | -22,762 | -41,004 | -9,380 | -30,332 | -370 | -19,441 | -2,073 | -11,240 | -5,657 | -32,816 | -6,841 |
Other changes, net | |||||||||||
-11,771 | -27,873 | 9,199 | 3,675 | 7,219 | -5,605 | 6,221 | 10,876 | -32,010 | 17,581 | -8,737 | -6,414 |
Net Cash Provided by Operations | |||||||||||
514,457 | 313,628 | 324,729 | 325,299 | 323,759 | 316,329 | 286,100 | 313,892 | 261,042 | 278,695 | 279,789 | 270,211 |
Cash Flows from Investing Activities: | |||||||||||
Capital expenditures | |||||||||||
242,276 | 211,252 | 156,624 | 128,986 | 149,323 | 161,940 | 151,510 | 174,053 | 179,692 | 118,804 | 144,926 | 203,600 |
Proceeds from sale of property, plant and equipment | |||||||||||
4,301 | 4,466 | 2,036 | 1,693 | 827 | 5,106 | 436 | 2,629 | 1,838 | 1,398 | 1,670 | 585 |
Settlement for derivative | |||||||||||
- | - | 66,155 | - | - | - | - | - | - | - | - | - |
Purchase of short-term investments | |||||||||||
- | - | - | - | 32,769 | - | - | - | - | - | - | - |
Maturity of short-term investments | |||||||||||
- | - | - | 29,485 | - | - | - | - | - | - | - | - |
Acquisition of business, net of cash acquired | |||||||||||
106,328 | 527,916 | - | 202,985 | - | - | - | 187,840 | 14,883 | 3,014 | 7,577 | 19,501 |
Insurance proceeds | |||||||||||
- | 10,631 | 709 | 986 | 3,739 | - | - | - | - | - | - | - |
Acquisition of intangible assets | |||||||||||
4,806 | 611 | - | 2,492 | - | 9 | 725 | - | - | 459 | 308 | 1,323 |
Investment in equity securities | |||||||||||
3,530 | 10,000 | 5,000 | - | - | - | - | - | - | - | - | - |
Proceeds from sale of investment in equity securities | |||||||||||
16,487 | - | - | 1,204 | - | - | - | - | - | - | - | - |
Investment in unconsolidated affiliate | |||||||||||
- | - | - | - | - | - | 5,256 | 279 | 3,145 | - | - | 801 |
Notes receivable, net | |||||||||||
116 | 779 | -234 | -593 | -1,296 | 2,357 | -65 | 84 | 59 | -120 | 77 | -901 |
Net Cash Used by Investing Activities | |||||||||||
-336,268 | -735,461 | -224,800 | -300,502 | -176,230 | -159,200 | -157,120 | -359,459 | -195,823 | -120,999 | -151,064 | -225,541 |
Cash Flows from Financing Activities: | |||||||||||
Proceeds from notes payable and overdrafts | |||||||||||
50,854 | 49,069 | - | - | -227,362 | 95,816 | 94,184 | - | 134,563 | - | 63,670 | - |
Repayments of notes payable and overdrafts | |||||||||||
53,269 | 29,994 | - | - | - | - | - | 134,034 | - | 57,860 | - | 149,123 |
Proceeds and repayments of short term credit facility, net | |||||||||||
-52,096 | 81,063 | -169,213 | 163,148 | - | - | - | - | - | - | - | - |
Proceeds from long-term obligations | |||||||||||
10,523 | 13,161 | 625,628 | 5,963 | 225,236 | 253,520 | 2,994 | 125,000 | 10,773 | 101,618 | 9,626 | 100,650 |
Repayments of long-term obligations | |||||||||||
67,276 | 72,290 | 165,798 | 55,314 | 16,981 | 778 | 28,320 | 3,042 | 50,490 | 26,766 | 26,993 | 25,227 |
Dividends paid | |||||||||||
90,200 | 82,300 | 79,900 | 76,659 | 71,247 | 71,072 | 66,133 | 58,442 | 53,308 | 44,485 | 40,604 | 38,063 |
Credit facility costs | |||||||||||
- | - | 3,542 | - | 1,216 | 720 | 498 | 1,518 | - | - | - | - |
Debt prepayment costs | |||||||||||
- | - | 4,710 | - | - | - | - | - | - | - | - | - |
Proceeds from stock option exercises | |||||||||||
90,834 | 88,156 | 73,905 | 55,347 | 64,759 | 36,015 | 42,684 | 44,637 | 26,078 | 28,820 | 9,227 | 13,913 |
Purchase of treasury stock | |||||||||||
86,497 | 3,905 | 120,540 | - | - | 340,517 | 118,813 | 79,793 | 102,595 | 86,473 | 29,971 | 57,569 |
Common stock repurchased and retired | |||||||||||
- | 57,786 | 40,994 | 131,371 | 13,887 | - | - | - | - | - | - | - |
Excess tax benefit from exercise of stock options | |||||||||||
- | - | - | 9,171 | 8,388 | 6,998 | 6,104 | 7,809 | 6,433 | 5,555 | 1,859 | 3,797 |
Net Cash Provided (Used) by Financing Activities | |||||||||||
-197,135 | -14,872 | 114,792 | -29,715 | -32,310 | -20,738 | -67,798 | -99,383 | -28,546 | -79,591 | -13,186 | -151,622 |
Effect of Exchange Rate Changes on Cash | |||||||||||
-904 | -9,112 | 31,632 | -18,696 | -25,080 | -46,490 | 18,924 | -2,911 | -35,484 | -34,642 | 25,353 | -14,715 |
Net Increase (Decrease) in Cash and Equivalents and Restricted Cash | |||||||||||
-19,850 | -445,817 | 246,353 | -23,614 | 90,139 | 89,901 | 80,106 | -147,861 | 1,189 | 43,463 | 140,892 | -121,667 |
Supplemental Cash Flow Disclosure: | |||||||||||
Interest paid | |||||||||||
34,422 | 32,005 | 38,838 | 36,265 | 31,664 | 20,352 | 20,679 | 17,464 | 17,120 | 15,701 | 17,538 | 16,057 |
Income taxes paid | |||||||||||
86,097 | 96,048 | 77,349 | 82,201 | 79,502 | 94,578 | 47,445 | 64,523 | 79,367 | 77,101 | 60,931 | 76,002 |