| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
-52,000 | 996,000 | 747,000 | 7,000 | -90,000 | 401,000 | 424,000 |
Adjustments to reconcile net income to cash provided by (used for) operating activities: | ||||||
Depreciation and amortization | ||||||
311,000 | 284,000 | 273,000 | 284,000 | 267,000 | 257,000 | 261,000 |
Gain on sales of assets and businesses | ||||||
10,000 | 45,000 | 22,000 | 254,000 | -9,000 | 40,000 | 7,000 |
Equity in earnings of affiliates, net | ||||||
3,000 | -18,000 | 33,000 | 12,000 | - | -1,000 | 1,000 |
Loss on extinguishment of debt | ||||||
0 | -38,000 | -1,000 | 6,000 | - | - | - |
Amortization of debt issuance costs and issue discounts | ||||||
9,000 | 11,000 | 13,000 | 16,000 | 8,000 | 0 | 0 |
Deferred tax benefit | ||||||
-165,000 | 23,000 | 83,000 | -111,000 | -198,000 | -22,000 | -14,000 |
Asset-related charges | ||||||
43,000 | 4,000 | 3,000 | 124,000 | 206,000 | 0 | 0 |
Stock-based compensation expense | ||||||
19,000 | 24,000 | 29,000 | - | - | - | - |
Net periodic pension cost | ||||||
381,000 | -18,000 | -22,000 | - | - | - | - |
Defined benefit plan contributions | ||||||
19,000 | 15,000 | 38,000 | - | - | - | - |
Other operating charges and credits, net | ||||||
-2,000 | -7,000 | 12,000 | 62,000 | 7,000 | 18,000 | 13,000 |
Decrease (increase) in operating assets: | ||||||
Accounts and notes receivable, net | ||||||
-191,000 | -47,000 | 88,000 | -5,000 | -64,000 | -4,000 | 37,000 |
Inventories and other operating assets | ||||||
-116,000 | 284,000 | 146,000 | -147,000 | -19,000 | 29,000 | 75,000 |
(Decrease) increase in operating liabilities: | ||||||
Accounts payable and other operating liabilities | ||||||
-169,000 | 64,000 | -172,000 | 332,000 | 18,000 | -85,000 | 234,000 |
Cash provided by (used for) operating activities | ||||||
650,000 | 1,140,000 | 640,000 | 594,000 | 182,000 | 505,000 | 798,000 |
Cash flows from investing activities | ||||||
Purchases of property, plant, and equipment | ||||||
481,000 | 498,000 | 411,000 | 338,000 | 519,000 | 604,000 | 438,000 |
Acquisition of business, net | ||||||
10,000 | 37,000 | 0 | 0 | - | - | - |
Proceeds from sales of assets and businesses, net | ||||||
9,000 | 46,000 | 39,000 | 708,000 | 12,000 | 32,000 | 14,000 |
Proceeds from life insurance policies | ||||||
1,000 | 0 | 0 | - | - | - | - |
Investments in affiliates | ||||||
- | - | - | 1,000 | 32,000 | 8,000 | 0 |
Foreign exchange contract settlements, net | ||||||
2,000 | -2,000 | -2,000 | 12,000 | -42,000 | 0 | 0 |
Other investing activities | ||||||
- | - | - | - | - | -20,000 | 0 |
Cash used for investing activities | ||||||
-483,000 | -487,000 | -370,000 | 357,000 | -497,000 | -560,000 | -424,000 |
Cash flows from financing activities | ||||||
Proceeds from issuance of debt, net | ||||||
0 | 520,000 | 495,000 | 0 | 3,491,000 | 0 | 0 |
Proceeds from revolving loan | ||||||
150,000 | 0 | 0 | - | - | - | - |
Repayments on revolving loan | ||||||
150,000 | 0 | 0 | - | - | - | - |
Proceeds from accounts receivable securitization facility | ||||||
128,000 | 0 | 0 | - | - | - | - |
Debt repayments | ||||||
37,000 | 679,000 | 27,000 | 381,000 | 10,000 | 0 | 0 |
Payments related to extinguishment of debt | ||||||
0 | 29,000 | 1,000 | 0 | - | - | - |
Payments of debt issuance costs | ||||||
0 | 12,000 | 6,000 | 4,000 | 79,000 | 0 | 0 |
Payments on finance leases | ||||||
3,000 | 0 | 0 | - | - | - | - |
Purchases of treasury stock, at cost | ||||||
322,000 | 644,000 | 106,000 | 0 | - | - | - |
Cash provided at Separation by DuPont | ||||||
- | - | - | - | 247,000 | 0 | 0 |
Net transfers to DuPont | ||||||
- | - | - | - | -2,857,000 | 55,000 | -374,000 |
Proceeds from exercised stock options, net | ||||||
9,000 | 16,000 | 31,000 | 11,000 | - | 0 | - |
Payments related to tax withholdings on vested stock awards | ||||||
30,000 | 17,000 | 12,000 | 0 | - | - | - |
Payments of dividends | ||||||
164,000 | 148,000 | 22,000 | 22,000 | 105,000 | 0 | 0 |
Cash used for financing activities | ||||||
-419,000 | -993,000 | 352,000 | -396,000 | 687,000 | 55,000 | -374,000 |
Effect of exchange rate changes on cash and cash equivalents | ||||||
-6,000 | -15,000 | 32,000 | -19,000 | -6,000 | 0 | 0 |
Decrease in cash and cash equivalents | ||||||
-258,000 | -355,000 | 654,000 | 536,000 | 366,000 | 0 | 0 |
Cash paid during the year for: | ||||||
Interest, net of amounts capitalized | ||||||
204,000 | 206,000 | 208,000 | 208,000 | 103,000 | 0 | 0 |
Income taxes, net of refunds | ||||||
85,000 | 75,000 | 79,000 | 50,000 | 53,000 | 0 | 0 |
Non-cash investing and financing activities: | ||||||
Changes in property, plant, and equipment included in accounts payable | ||||||
85,000 | 37,000 | -14,000 | -12,000 | 45,000 | -11,000 | 0 |
Obligations incurred under build-to-suit lease arrangement | ||||||
40,000 | 47,000 | 8,000 | 0 | - | - | - |
Purchases of treasury stock not settled by year-end | ||||||
0 | 0 | 10,000 | 0 | - | - | - |
Non-cash financing arrangements | ||||||
11,000 | 0 | 0 | - | - | - | - |
Deferred payments related to acquisition of business | ||||||
15,000 | 0 | 0 | - | - | - | - |