| 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 earnings | |||||||||||
536,000 | 453,000 | 380,000 | 266,000 | 303,000 | 498,000 | 435,000 | 419,300 | 466,300 | 473,700 | 388,400 | 319,900 |
Discontinued operations, net of tax | |||||||||||
- | - | - | - | - | - | 400 | -2,800 | -2,300 | -74,900 | -2,200 | 4,600 |
Adjustments to reconcile net earnings to cash provided by (used in) operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
678,000 | 702,000 | 729,000 | 453,000 | 286,000 | 281,000 | 299,900 | 282,900 | 301,100 | 265,500 | 243,100 | 249,900 |
Equity earnings and gains related to acquisitions | |||||||||||
- | - | - | - | - | - | - | - | - | 118,000 | 13,800 | -14,500 |
Business consolidation and other activities | |||||||||||
244,000 | 191,000 | 221,000 | 337,000 | 195,000 | 81,000 | 78,800 | 102,800 | 30,300 | -11,000 | - | 43,600 |
Deferred tax provision (benefit) | |||||||||||
-45,000 | 35,000 | 82,000 | -293,000 | -62,000 | 12,000 | -1,600 | 21,200 | 28,400 | -28,700 | -24,300 | 19,600 |
Other, net | |||||||||||
-101,000 | 95,000 | -268,000 | -57,000 | 145,000 | 27,000 | 34,100 | 25,300 | -64,700 | -77,700 | -35,600 | 39,700 |
Gain on disposition | |||||||||||
- | - | - | - | - | - | - | - | - | - | 34,800 | 7,100 |
Working capital changes, excluding effects of acquisitions: | |||||||||||
Receivables | |||||||||||
-49,000 | 17,000 | 189,000 | 53,000 | -35,000 | 152,000 | -80,200 | -600 | 4,100 | 287,000 | -33,800 | 16,000 |
Inventories | |||||||||||
45,000 | 248,000 | 66,000 | -30,000 | -97,000 | 24,000 | -21,400 | -29,100 | -27,500 | 153,100 | -74,800 | -14,300 |
Other current assets | |||||||||||
18,000 | 47,000 | -21,000 | -61,000 | -10,000 | 21,000 | -4,300 | -1,500 | -34,800 | -49,200 | -54,700 | -111,900 |
Accounts payable | |||||||||||
72,000 | 592,000 | 639,000 | -55,000 | 125,000 | 355,000 | 50,900 | 55,900 | 111,100 | 68,800 | -150,000 | 28,400 |
Accrued employee costs | |||||||||||
-1,000 | -77,000 | 5,000 | -14,000 | -36,000 | 40,000 | -36,000 | 10,500 | -20,400 | 39,600 | -17,100 | -16,800 |
Other current liabilities | |||||||||||
175,000 | -140,000 | -28,000 | -481,000 | -107,000 | -32,000 | -55,000 | -55,800 | -54,800 | 5,600 | -132,800 | 59,400 |
Other, net | |||||||||||
-4,000 | -27,000 | 48,000 | 1,000 | -16,000 | -1,000 | 2,100 | -12,800 | 30,500 | -43,100 | -18,200 | -400 |
Legal settlement (Note 3) | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -70,300 |
Cash provided by (used in) operating activities | |||||||||||
- | - | - | - | - | - | 841,300 | 858,300 | 956,700 | 500,300 | 478,000 | 536,600 |
Cash provided by (used in) discontinued operating activities | |||||||||||
- | - | - | - | - | - | -2,300 | -5,100 | -8,300 | 14,900 | 81,700 | 91,000 |
Cash provided by (used in) operating activities | |||||||||||
1,548,000 | 1,566,000 | 1,478,000 | 193,000 | 1,007,000 | 1,012,000 | 839,000 | 853,200 | 948,400 | 515,200 | 559,700 | 627,600 |
Cash Flows from Investing Activities | |||||||||||
Capital expenditures | |||||||||||
598,000 | 816,000 | 556,000 | 606,000 | 528,000 | 391,000 | 378,300 | 305,000 | 443,800 | 250,200 | 157,900 | 285,000 |
Business acquisitions, net of cash acquired | |||||||||||
- | - | - | 3,368,000 | 29,000 | - | 14,200 | 71,200 | 295,200 | 62,000 | 574,700 | 2,300 |
Business dispositions, net of cash sold | |||||||||||
160,000 | 539,000 | -2,000 | 2,938,000 | - | - | - | - | - | 261,500 | 37,000 | - |
Acquisitions of equity affiliates, net of cash acquired | |||||||||||
- | - | - | - | - | - | - | - | - | 63,800 | - | 0 |
Proceeds from dispositions, net of cash sold | |||||||||||
- | - | - | - | 1,000 | 6,000 | - | - | - | - | - | - |
Restricted cash, net | |||||||||||
- | - | - | - | 2,183,000 | - | - | - | - | - | - | - |
Settlement of Rexam acquisition related derivatives | |||||||||||
- | - | - | 252,000 | 16,000 | - | - | - | - | - | - | - |
Proceeds from dispositions, net of cash sold (Note 4) | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 8,700 |
Cash collateral, net | |||||||||||
- | - | - | - | - | - | - | - | - | - | 105,300 | -105,500 |
Other, net | |||||||||||
-16,000 | -71,000 | -13,000 | -5,000 | -34,000 | 6,000 | -13,400 | -20,200 | -1,000 | -13,500 | -2,400 | 12,000 |
Cash provided by (used in) investing activities | |||||||||||
- | - | - | - | - | - | - | - | - | -101,000 | -587,900 | -396,100 |
Cash provided by (used in) discontinued investing activities | |||||||||||
- | - | - | - | - | - | - | - | - | -9,200 | 6,500 | -21,900 |
Cash provided by (used in) investing activities | |||||||||||
-422,000 | -206,000 | -545,000 | -1,283,000 | -2,721,000 | -391,000 | -379,100 | -356,000 | -738,000 | -110,200 | -581,400 | -418,000 |
Cash Flows from Financing Activities | |||||||||||
Long-term borrowings | |||||||||||
2,819,000 | 1,475,000 | 765,000 | 4,370,000 | 4,524,000 | 412,000 | 1,643,100 | 1,486,400 | 827,300 | 2,231,600 | 1,336,700 | 753,700 |
Repayments of long-term borrowings | |||||||||||
1,524,000 | 1,533,000 | 1,810,000 | 4,624,000 | 2,430,000 | 898,000 | 1,294,900 | 1,071,600 | 815,800 | 2,144,900 | 1,096,800 | 734,500 |
Net change in short-term borrowings | |||||||||||
-183,000 | -120,000 | 184,000 | 23,000 | -93,000 | 68,000 | -57,600 | -337,000 | 295,300 | 15,100 | -92,000 | 108,100 |
Proceeds from issuances of common stock | |||||||||||
19,000 | 28,000 | 27,000 | 48,000 | 36,000 | 37,000 | 32,900 | 53,100 | 39,300 | 47,500 | 31,900 | 27,200 |
Acquisitions of treasury stock | |||||||||||
964,000 | 739,000 | 103,000 | 107,000 | 136,000 | 397,000 | 431,700 | 547,200 | 513,200 | 554,200 | 37,000 | 326,800 |
Common stock dividends | |||||||||||
182,000 | 137,000 | 129,000 | 83,000 | 72,000 | 73,000 | 75,200 | 61,800 | 45,700 | 35,800 | 37,400 | 37,500 |
Other, net | |||||||||||
-31,000 | -14,000 | -7,000 | -14,000 | -92,000 | 5,000 | -20,600 | -8,800 | -4,000 | -18,900 | -4,600 | 4,300 |
Cash provided by (used in) financing activities | |||||||||||
-46,000 | -1,040,000 | -1,073,000 | -387,000 | 1,737,000 | -846,000 | -204,000 | -486,900 | -216,800 | -459,600 | 100,800 | -205,500 |
Effect of exchange rate changes on cash | |||||||||||
-2,000 | -51,000 | -8,000 | -299,000 | 10,000 | - | -14,000 | -2,000 | 20,200 | -4,000 | 4,100 | -28,300 |
Change in cash, cash equivalents and restricted cash | |||||||||||
1,078,000 | 269,000 | -148,000 | -1,776,000 | 33,000 | -225,000 | 241,900 | 8,300 | 13,800 | -58,600 | 83,200 | -24,200 |