| 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) | |||||||||||
-376,776 | 160,711 | 92,853 | 127,646 | 66,180 | 74,449 | 103,313 | 194,490 | 114,345 | 108,459 | -24,901 | -361,826 |
Adjustments to reconcile net income (loss) to net cash used for operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
139,259 | 148,632 | 149,650 | 145,593 | 150,342 | 102,162 | 94,451 | 59,355 | 50,174 | 55,279 | 55,857 | 56,836 |
Asset impairment of discontinued operations | |||||||||||
521,441 | 0 | 0 | 23,931 | 0 | 0 | - | - | - | - | - | - |
Goodwill impairment | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 433,737 |
Other asset impairment | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 42,755 |
Share-based compensation | |||||||||||
17,751 | 18,497 | 14,647 | 18,178 | 17,745 | 18,858 | 14,854 | 12,374 | 11,241 | 12,177 | 11,748 | 13,568 |
Asset impairment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 27,751 | - |
Provision for inventory obsolescence | |||||||||||
- | - | - | - | - | - | - | 5,085 | 1,160 | 3,210 | 4,550 | 12,994 |
Pension funding less than pension expense | |||||||||||
- | - | - | - | - | - | - | 593 | -3,812 | 4,289 | 8,973 | - |
Loss on debt extinguishment | |||||||||||
0 | -22,990 | -52,441 | -2,342 | 0 | 0 | -1,612 | -52,450 | 0 | - | - | - |
Deferred income tax expense (benefit) | |||||||||||
-23,540 | 11,300 | -24,098 | -30,034 | -45,674 | -17,796 | 5,457 | -42,750 | 2,294 | -11,577 | -23,421 | -37,803 |
Asset impairment and loss on sale of assets | |||||||||||
- | - | - | - | - | - | - | -33,676 | -2,549 | -16,574 | - | - |
Loss on sale of business | |||||||||||
- | - | - | - | - | - | - | 134,480 | 0 | 44,847 | -17,184 | -3,727 |
Income from equity method investment | |||||||||||
- | - | - | - | - | - | 8,922 | 9,704 | 13,169 | 11,940 | 6,405 | 6,326 |
Tax benefit related to share-based compensation | |||||||||||
- | - | - | - | - | - | 10,734 | 4,119 | 1,790 | -110 | -1,564 | 1,279 |
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes and acquired businesses: | |||||||||||
Non-cash loss on derivatives and hedging instruments | |||||||||||
- | - | - | - | - | - | - | - | - | 2,893 | - | - |
Pension funding in excess of pension expense | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 6,917 |
Receivables | |||||||||||
-22,926 | 21,748 | 24,931 | 10,115 | -6,066 | 15,810 | 18,132 | -5,628 | -4,680 | 39,458 | -52,369 | -73,526 |
Inventories | |||||||||||
-44,477 | 14,779 | 84,088 | -2,677 | -19,204 | 2,260 | -6,872 | -31,706 | 22,873 | 14,031 | -50,645 | -28,188 |
Deferred cost of sales | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 7,270 |
Accounts payable | |||||||||||
-41,527 | -29,401 | 100,752 | 39,298 | -38,907 | 28,120 | 12,994 | -55,166 | 9,281 | 38,513 | 9,728 | -35,666 |
Accrued liabilities | |||||||||||
-17,654 | 17,238 | -25,076 | -13,181 | 59,214 | -5,598 | 31,690 | -681 | 12,317 | -8,203 | -30,919 | -14,042 |
Deferred revenue | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 18,266 |
Income taxes | |||||||||||
5,497 | -4,390 | 5,001 | 11,722 | 11,981 | 9,058 | -89,427 | -10,760 | -55 | -3,793 | 7,597 | -31,562 |
Other assets | |||||||||||
16,118 | 18,748 | 13,255 | -760 | 4,840 | -6,268 | -4,542 | -968 | -12,219 | -27,209 | -10,629 | -4,793 |
Other liabilities | |||||||||||
1,157 | -1,082 | 11,404 | -4,023 | 149 | 3,436 | 16,031 | 723 | -1,622 | -14,737 | -3,193 | -11,825 |
Net cash used for operating activities | |||||||||||
276,893 | 289,220 | 255,300 | 314,794 | 241,460 | 200,887 | 164,601 | 139,388 | 184,563 | 111,549 | 151,810 | 173,874 |
Cash flows from investing activities: | |||||||||||
Capital expenditures | |||||||||||
110,002 | 97,847 | 64,261 | 53,974 | 54,969 | 45,459 | 40,209 | 41,010 | 40,053 | 28,194 | 40,377 | 53,561 |
Cash from business acquisitions, net of cash acquired | |||||||||||
74,392 | 84,580 | 166,896 | 18,848 | 695,345 | 347,817 | 9,979 | 860,353 | 60,519 | 119,110 | 20,703 | 147,384 |
Other | |||||||||||
- | - | - | 827 | 0 | 0 | - | - | - | - | - | - |
Proceeds from disposal of tangible assets | |||||||||||
25 | 1,580 | 1,039 | 392 | 533 | 1,884 | 3,169 | 9,575 | 1,213 | - | 2,031 | 40,898 |
Proceeds from disposal of business | |||||||||||
0 | 40,171 | 0 | 0 | 3,527 | -956 | 3,735 | 299,848 | - | - | - | - |
Proceeds from disposal of businesses and tangible assets, net of cash sold | |||||||||||
- | - | - | - | - | - | - | - | - | 138,952 | - | - |
Net cash used for investing activities | |||||||||||
-184,369 | -140,676 | -230,118 | -73,257 | -746,254 | -392,348 | -43,284 | -591,940 | -99,359 | -8,352 | -59,049 | -160,047 |
Cash flows from financing activities: | |||||||||||
Payments under borrowing arrangements | |||||||||||
0 | 484,757 | 1,105,892 | 294,375 | 152,500 | 2,500 | 434,743 | 593,864 | - | 46,268 | 193,732 | 110,000 |
Payments under share repurchase program | |||||||||||
-50,000 | -175,000 | -25,000 | 0 | 39,053 | 92,197 | 93,750 | 75,000 | 50,000 | - | - | 68,336 |
Cash dividends paid | |||||||||||
34,439 | 43,169 | 43,376 | 16,079 | 8,395 | 8,699 | 6,678 | 11,441 | 9,410 | 9,412 | 9,373 | 8,926 |
Debt issuance costs paid | |||||||||||
0 | 7,609 | 17,316 | 3,910 | 898 | 10,700 | 17,376 | 15,414 | 3,296 | - | 11,810 | - |
Withholding tax payments for share-based payment awards | |||||||||||
2,149 | 2,094 | 6,564 | 7,480 | 11,693 | -11,708 | -3,019 | 2,372 | 4,599 | - | - | - |
Redemption of stockholders' rights agreement | |||||||||||
0 | 411 | 0 | - | - | - | - | - | - | - | - | - |
Other | |||||||||||
-360 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from the issuance of preferred stock, net | |||||||||||
- | - | - | 501,498 | 0 | 0 | - | - | - | - | - | - |
Tax benefit related to share-based compensation | |||||||||||
- | - | - | - | - | - | 10,734 | 4,119 | 1,790 | -110 | -1,564 | 1,279 |
Borrowings under credit arrangements | |||||||||||
0 | 431,270 | 866,700 | 222,050 | 200,000 | 456,163 | 637,595 | 1,149,966 | - | - | 193,732 | 240,000 |
Contribution from noncontrolling interest | |||||||||||
- | - | - | - | 1,470 | 0 | - | - | - | - | - | - |
Proceeds (payments) from exercise of stock options, net of withholding tax payments | |||||||||||
- | - | - | - | - | - | - | - | - | 3,158 | 699 | 6,103 |
Proceeds from settlement of derivatives | |||||||||||
- | - | - | - | - | - | - | 4,024 | - | 4,217 | - | - |
Net cash used for financing activities | |||||||||||
-86,948 | -281,770 | -331,448 | 401,704 | -11,069 | 330,359 | 92,763 | 464,762 | -56,317 | -48,415 | -22,048 | 60,120 |
Effect of foreign currency exchange rate changes on cash and cash equivalents | |||||||||||
-301 | -7,272 | 19,258 | -11,876 | -8,548 | -11,040 | 4,129 | 333 | -4,988 | -5,008 | 10,753 | -6,498 |
Decrease in cash and cash equivalents | |||||||||||
5,275 | -140,498 | -287,008 | 631,365 | -524,411 | 127,858 | 218,209 | 12,543 | 23,899 | 49,774 | 81,466 | 67,449 |