| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Jan'16 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||
Net income (loss) | |||||||||||
303,600 | 467,400 | 281,800 | 320,700 | 274,300 | 245,100 | 213,200 | 215,400 | 190,100 | 316,900 | -746,700 | 266,100 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
Depreciation | |||||||||||
140,300 | 141,500 | 126,600 | 117,500 | 125,200 | 135,500 | 135,600 | 150,100 | 168,000 | 172,900 | 187,600 | 204,600 |
Amortization | |||||||||||
38,700 | 39,500 | 52,100 | 62,600 | 63,100 | 66,100 | 69,000 | 70,500 | 78,500 | 74,700 | 79,700 | 73,800 |
Provision for credit losses and sales returns | |||||||||||
58,700 | 45,600 | 37,600 | 54,400 | 46,500 | 45,200 | 41,500 | 19,500 | 16,800 | 16,300 | 19,300 | 17,700 |
Loss on sale of businesses | |||||||||||
- | - | - | - | - | -3,400 | 49,300 | - | - | - | - | - |
Indefinite-lived intangible asset impairment charge | |||||||||||
- | - | - | - | - | 3,000 | - | 7,000 | - | - | - | - |
Goodwill and indefinite-lived intangible asset impairment charges | |||||||||||
- | - | - | - | - | - | - | - | - | - | 832,000 | - |
Net losses from impairments, sales of assets, and investment settlements | |||||||||||
- | - | - | -600 | 12,200 | 10,200 | -5,800 | 11,700 | 9,900 | 5,100 | 48,000 | 16,800 |
Stock-based compensation | |||||||||||
34,500 | 34,300 | 30,200 | 27,200 | 26,300 | 28,300 | 34,000 | 38,900 | 39,600 | 35,200 | 25,800 | 29,000 |
Pension plan settlements and related charges | |||||||||||
-444,100 | -93,700 | - | -41,400 | - | - | - | - | - | - | - | - |
Deferred taxes and other non-cash taxes | |||||||||||
-216,900 | -32,700 | 151,600 | -52,300 | -12,900 | 17,900 | -52,400 | 1,300 | 1,000 | 48,200 | 91,000 | 114,200 |
Other non-cash expense and loss (income and gain), net | |||||||||||
-28,300 | -60,400 | -53,500 | 46,200 | 50,100 | 44,200 | 50,100 | 41,800 | 38,100 | 43,600 | 22,000 | 11,300 |
Other non-cash income and gain | |||||||||||
- | - | - | - | - | - | 11,800 | - | 2,000 | 500 | 8,700 | 12,400 |
Loss from debt extinguishment | |||||||||||
- | - | - | - | - | - | - | - | -700 | -4,000 | -21,200 | - |
Changes in assets and liabilities and other adjustments: | |||||||||||
Trade accounts receivable | |||||||||||
42,200 | 62,500 | 141,200 | 88,200 | 135,900 | 65,400 | 136,000 | 106,700 | 43,600 | 87,600 | -95,700 | -57,700 |
Inventories | |||||||||||
18,100 | 70,500 | 14,900 | 19,600 | 34,400 | 33,000 | 75,900 | 800 | 22,200 | 35,600 | -133,300 | -16,500 |
Accounts payable | |||||||||||
46,400 | 43,600 | 83,400 | 31,600 | 65,500 | -62,800 | 108,200 | 68,000 | 31,300 | 76,500 | -14,500 | 3,400 |
Taxes on income | |||||||||||
5,400 | -35,500 | 29,600 | -14,100 | -23,700 | 15,300 | -5,000 | 12,400 | 37,600 | -12,000 | 300 | 34,300 |
Other assets | |||||||||||
-38,400 | 11,600 | 20,900 | 2,300 | 300 | 3,500 | 5,400 | 4,000 | -1,500 | 12,200 | -2,300 | -20,800 |
Other liabilities | |||||||||||
-114,700 | -255,300 | -23,700 | - | - | - | - | - | - | - | - | - |
Other current assets | |||||||||||
- | - | - | 7,600 | -3,900 | 33,700 | -3,000 | 7,600 | -29,400 | 39,800 | -40,600 | 30,000 |
Accrued liabilities | |||||||||||
- | - | - | 32,400 | 7,000 | -18,200 | -19,300 | 73,800 | -94,900 | 30,000 | -37,900 | -19,200 |
Long-term retirement benefits and other liabilities | |||||||||||
- | - | - | -71,800 | -19,000 | -6,900 | -78,900 | -75,300 | -55,100 | -52,600 | -40,000 | -36,500 |
Net cash provided by operating activities | |||||||||||
746,500 | 457,900 | 645,700 | 582,100 | 473,700 | 354,900 | 319,600 | 513,400 | 422,700 | 486,700 | 569,000 | 539,700 |
Investing Activities | |||||||||||
Purchases of property, plant and equipment | |||||||||||
219,400 | 226,700 | 190,500 | 176,900 | 135,800 | 147,900 | 129,200 | 99,200 | 109,600 | 83,500 | 69,700 | 118,400 |
Purchases of software and other deferred charges | |||||||||||
37,800 | 29,900 | 35,600 | 29,700 | 15,700 | 27,100 | 52,200 | 59,100 | 26,000 | 25,100 | 30,600 | 63,100 |
Proceeds from sales of property, plant and equipment | |||||||||||
7,800 | 9,400 | 6,000 | 8,500 | 7,600 | 4,300 | 38,700 | 4,200 | 4,600 | - | - | - |
Proceeds from insurance and sales (purchases) of investments, net | |||||||||||
-4,900 | -18,500 | 3,900 | -3,100 | 500 | -300 | -100 | 6,700 | -300 | -800 | 500 | -17,200 |
Proceeds from sale of product line | |||||||||||
- | - | - | - | - | - | - | 800 | 21,500 | - | - | - |
Proceeds from sale of businesses, net of cash provided | |||||||||||
- | - | - | - | - | - | 481,200 | - | - | - | - | - |
Payments for acquisition, net of cash acquired, and investments in businesses | |||||||||||
6,500 | 3,800 | 319,300 | 237,200 | - | - | - | - | - | - | - | - |
Other | |||||||||||
- | - | - | - | -1,500 | - | -800 | - | -5,000 | - | 5,000 | -2,000 |
Payments for acquisitions | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 131,200 |
Net cash used in investing activities | |||||||||||
-251,000 | -232,500 | -543,300 | -432,200 | -142,900 | -170,400 | 339,400 | -160,000 | -104,200 | -107,800 | -105,800 | -293,500 |
Financing Activities | |||||||||||
Net (decrease) increase in borrowings (maturities of three months or less) | |||||||||||
-5,300 | -77,600 | -89,200 | 234,900 | -98,400 | 126,500 | -435,300 | 42,300 | -146,400 | -98,400 | -192,300 | -390,100 |
Additional long-term borrowings | |||||||||||
- | 493,300 | 542,900 | - | - | - | 250,000 | - | - | 249,800 | - | 400,100 |
Repayments of long-term debt and finance leases | |||||||||||
18,600 | 6,400 | 253,800 | 2,700 | 7,400 | 1,600 | 1,900 | 1,800 | 1,500 | 341,200 | 108,300 | 50,700 |
Dividends paid | |||||||||||
189,700 | 175,000 | 155,500 | 142,500 | 133,100 | 125,100 | 112,000 | 110,400 | 106,500 | 88,700 | 134,900 | 175,000 |
Share repurchases | |||||||||||
237,700 | 392,900 | 129,700 | 262,400 | 232,300 | 355,500 | 283,500 | 235,200 | 13,500 | 108,700 | - | 9,800 |
Net (tax withholding) proceeds related to stock-based compensation | |||||||||||
-17,400 | -32,200 | 1,400 | 66,500 | 100 | - | - | - | - | - | - | - |
Payments of contingent consideration | |||||||||||
1,600 | 17,300 | - | - | - | - | - | - | - | - | - | - |
Proceeds from exercises of stock options, net | |||||||||||
- | - | - | - | 104,000 | 34,200 | 44,800 | 10,200 | 3,900 | 2,500 | 600 | 2,700 |
Other | |||||||||||
- | - | - | - | - | -2,000 | -8,300 | -2,700 | -7,500 | -6,800 | 2,200 | 14,300 |
Net cash provided by (used in) financing activities | |||||||||||
-470,300 | -208,100 | -83,900 | -106,200 | -367,300 | -323,500 | -546,200 | -297,600 | -271,500 | -391,500 | -432,700 | -208,500 |
Effect of foreign currency translation on cash balances | |||||||||||
-3,500 | -9,700 | 10,800 | -7,400 | -11,900 | -4,900 | 2,900 | 1,600 | 3,500 | 2,000 | 2,100 | -3,700 |
Increase (decrease) in cash and cash equivalents | |||||||||||
21,700 | 7,600 | 29,300 | 36,300 | -48,400 | -143,900 | 115,700 | 57,400 | 50,500 | -10,600 | 32,600 | 34,000 |