| 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 of Continuing Operations: | |||||||||||
Income from Continuing Operations | |||||||||||
34,018 | 83,202 | 105,346 | -76,551 | -51,172 | 124,347 | 48,149 | 24,627 | 10,367 | - | 145,103 | 219,423 |
Cash Flows from Operating Activities: | |||||||||||
Adjustments to reconcile income from continuing operations to net cash provided by operating activities of continuing operations: | |||||||||||
Depreciation and amortization | |||||||||||
68,571 | 74,579 | 75,058 | 62,565 | 60,356 | 131,819 | 134,518 | 131,667 | 106,873 | 157,125 | 160,092 | 156,426 |
Amortization of operating lease right-of-use assets | |||||||||||
42,863 | - | - | - | - | - | - | - | - | - | - | - |
Amortization of deferred gains on sale leaseback transactions | |||||||||||
0 | 12,774 | 15,035 | 15,073 | 14,322 | 18,847 | 10,687 | 16,652 | 22,191 | 17,819 | 16,960 | 17,290 |
Debt discount and issuance cost amortization, net | |||||||||||
6,484 | 7,829 | 12,997 | 15,901 | 19,031 | 18,542 | 12,418 | 1,266 | 828 | 768 | 7,448 | 5,852 |
Amortization of valuation adjustments on acquired leases | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 738 |
Amortization of share awards | |||||||||||
5,134 | 3,907 | 32,419 | 13,951 | 14,649 | 15,119 | -14,304 | -32,930 | -21,589 | -19,254 | 12,993 | 12,199 |
Director stock awards | |||||||||||
97 | 140 | 83 | 190 | 242 | 211 | 211 | 357 | 359 | 303 | 380 | 450 |
Bad debt expense (income) | |||||||||||
2,021 | 2,067 | -175 | 2,774 | 842 | 2,618 | 170 | 1,311 | -56 | 341 | 1,717 | 1,392 |
Gains on asset dispositions and impairments, net | |||||||||||
2,910 | 19,583 | 11,637 | -25,983 | 14,609 | 51,978 | 37,507 | 23,987 | 18,839 | 44,741 | 27,675 | 89,153 |
Debt extinguishment losses, net | |||||||||||
-2,244 | -11,626 | -819 | 5,184 | -28,497 | 0 | 0 | -160 | -99 | -1,460 | -5,587 | 6,265 |
Marketable security (gains) losses, net | |||||||||||
18,394 | -12,431 | -1,782 | -32,154 | 3,746 | 28,760 | 5,803 | 12,891 | -7,893 | -2,159 | 24,059 | 30,105 |
Purchases of marketable securities | |||||||||||
5,752 | 0 | 1,720 | 0 | 35,432 | 15,810 | 7,387 | 40,396 | 117,145 | 107,716 | 35,523 | -60,288 |
Proceeds from sale of marketable securities | |||||||||||
46,526 | 14 | 674 | 0 | 84,862 | 6,802 | 12,791 | 36,537 | 178,016 | 44,992 | 61,595 | 24,168 |
Derivative gains | |||||||||||
0 | 0 | 19,727 | -14,131 | 1,921 | -3,902 | -8,323 | -2,812 | -30,055 | 6,724 | 10,961 | -13,588 |
Cash settlements on derivative transactions, net | |||||||||||
0 | 0 | -255 | 327 | -307 | 5,703 | 11,398 | 11,868 | 20,636 | 6,858 | -3,786 | -11,310 |
Foreign currency (gains) losses, net | |||||||||||
-312 | -2,264 | 323 | 1,444 | -4,725 | -6,335 | -3,351 | 1,631 | 540 | -6,062 | 8,087 | -7,837 |
Deferred income tax expense (benefit) | |||||||||||
8,169 | -15,513 | -51,477 | -48,932 | -21,103 | -17,064 | 10,571 | -23,401 | -27,259 | -11,915 | 63,005 | 36,051 |
Equity in (earnings) losses of 50% or less owned companies, net of tax | |||||||||||
-5,250 | -72 | 2,952 | -21,040 | -49,171 | 16,309 | 7,264 | -5,764 | 9,908 | 12,496 | 12,581 | 12,069 |
Proceeds from Sale of Property, Plant and Equipment, Excluding Deposits on Future Equipment Sales | |||||||||||
- | - | - | - | - | - | - | - | - | 355,000 | - | - |
Purchases of marketable securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 212,590 |
Proceeds from sale of marketable securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 141,886 |
Cash settlements on derivative transactions, net | |||||||||||
- | - | - | - | - | 0 | - | - | - | 471 | 771 | -7,772 |
Dividends received from 50% or less owned companies | |||||||||||
100 | 5,907 | 12,891 | 5,162 | 46,306 | 36,311 | 18,268 | 87,275 | 22,422 | 15,122 | 2,790 | 2,229 |
Other, net | |||||||||||
0 | 53,902 | 0 | -19,106 | 0 | 7,286 | 339 | -542 | -484 | 280 | -1,068 | 1,038 |
Dividends received from 50% or less owned companies | |||||||||||
- | - | - | - | 11,322 | 9,290 | 9,490 | 6,606 | 8,346 | 17,912 | 15,920 | 10,634 |
Changes in operating assets and liabilities: | |||||||||||
(Increase) decrease in receivables | |||||||||||
30,385 | 63,764 | -2,195 | 26,273 | -31,703 | -7,514 | -8,873 | -18,775 | 18,562 | -23,506 | 50,742 | -10,909 |
Increase in prepaid expenses and other assets | |||||||||||
6,698 | 1,577 | 8,174 | 8,974 | 6,162 | 4,696 | 2,597 | -6,655 | 1,672 | -23,438 | 12,183 | -22,802 |
Increase (decrease) in accounts payable, accrued expenses and other liabilities | |||||||||||
-38,377 | 12,503 | -25,724 | 9,607 | -25,428 | 16,764 | 4,839 | -57,696 | -13,473 | 72,737 | 17,695 | -5,403 |
Net cash provided by operating activities of continuing operations | |||||||||||
119,273 | 49,428 | 107,575 | 39,806 | 131,812 | 191,382 | 185,026 | 81,487 | 114,628 | 317,692 | 297,618 | 291,624 |
Cash Flows from Investing Activities of Continuing Operations: | |||||||||||
Cash Flows from Investing Activities: | |||||||||||
Purchases of property and equipment | |||||||||||
37,786 | 50,272 | 114,595 | 252,806 | 203,453 | 360,637 | 195,901 | 239,350 | 165,264 | 243,399 | 180,024 | 428,478 |
Proceeds from disposition of property and equipment | |||||||||||
2,452 | 16,100 | 164,789 | 143,028 | 79,762 | 254,763 | 263,854 | 114,032 | 75,733 | 360,294 | 103,739 | 171,722 |
Investments in and advances to 50% or less owned companies | |||||||||||
5,960 | 20,586 | 9,663 | 8,094 | 31,212 | 90,815 | 171,476 | 45,572 | 41,313 | 58,612 | 27,453 | 35,447 |
Return of investments and advances from 50% or less owned companies | |||||||||||
3,677 | 8,988 | 15,568 | 9,519 | - | - | - | - | - | - | - | - |
Proceeds on sale of 50% or less owned companies | |||||||||||
0 | 78,015 | 0 | 0 | - | - | - | - | - | - | 136 | - |
Proceeds on sale of a controlling interest in a subsidiary | |||||||||||
0 | 0 | 5,000 | 0 | 0 | - | - | - | - | - | - | - |
Net repayments on revolving credit line to 50% or less owned companies | |||||||||||
- | - | - | 2,397 | 3,495 | 0 | 0 | 300 | 4,339 | 9,067 | - | - |
Payments received on third-party leases and notes receivable, net | |||||||||||
-1,141 | -506 | -24,485 | 2,707 | -14,391 | 8,437 | 16,423 | 36,033 | -26,742 | - | - | - |
Deposits into construction reserve funds | |||||||||||
0 | 0 | 13,807 | 1,586 | 16,405 | 16,283 | - | - | - | - | - | - |
Withdrawals from construction reserve funds | |||||||||||
3,908 | 47,431 | 38,221 | 42,626 | -32,202 | - | - | - | - | - | - | - |
Net (increase) decrease in restricted cash | |||||||||||
- | - | - | - | -16,135 | 4,260 | -15,301 | 7,004 | 8,630 | -21,363 | 13,227 | -9,837 |
Principal payments on third party notes receivable, net | |||||||||||
- | - | - | - | - | - | - | - | - | -5,342 | 3,009 | -5,607 |
Net (increase) decrease in construction reserve funds and title XI funds | |||||||||||
- | - | - | - | - | - | 66,110 | -64,345 | -63,911 | 34,135 | -16,007 | -99,243 |
Net increase in escrow deposits on like-kind exchanges | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 10,105 |
Repayments on leases, net | |||||||||||
- | - | - | - | - | - | - | - | - | 15,031 | 1,667 | -59 |
Business acquisitions, net of cash acquired | |||||||||||
0 | -310 | -5,868 | 20,539 | 0 | 35,000 | 11,127 | 148,088 | 90,588 | 5,602 | 4,085 | 7,155 |
Net payments under inventory financing arrangements | |||||||||||
- | - | - | - | -2,522 | -4,240 | 1,526 | -14,600 | -20,210 | 21,647 | -2,200 | -22,169 |
Cash disposed on sale of subsidiary, net of cash proceeds on sale | |||||||||||
- | - | - | - | - | - | - | - | - | - | 154 | - |
Net cash provided by (used in) investing activities of continuing operations | |||||||||||
-32,568 | 80,492 | 115,866 | -88,162 | -65,769 | -224,358 | -130,768 | -138,629 | -174,810 | 25,120 | -101,700 | -246,424 |
Cash Flows from Financing Activities of Continuing Operations: | |||||||||||
Cash Flows from Financing Activities: | |||||||||||
Payments on long-term debt | |||||||||||
169,625 | 225,541 | 303,485 | 168,599 | 226,496 | 35,444 | 18,164 | 484,153 | 36,898 | 92,853 | 312,215 | 200,097 |
Proceeds from issuance of long-term debt, net of offering costs | |||||||||||
120,740 | -2,495 | 44,900 | 94,379 | 231,843 | 26,916 | 176,586 | 414,051 | 52,877 | 38,673 | 349,297 | 111,250 |
Purchase of conversion option in convertible debt | |||||||||||
146 | 33 | 1,354 | 7,374 | 2,982 | 0 | 0 | - | - | - | -2,030 | - |
Proceeds from issuance of conversion option in convertible debt, net of offering costs | |||||||||||
- | - | - | - | - | - | 47,157 | 48,245 | 0 | 0 | - | - |
Special Cash Dividend | |||||||||||
- | - | - | - | - | - | - | 100,385 | 0 | - | - | - |
Dividends, Common Stock, Cash | |||||||||||
- | - | - | - | - | - | - | - | - | -319,682 | - | - |
Dividends, Cash | |||||||||||
- | - | - | - | - | - | - | - | - | 319,700 | - | - |
Common stock acquired for treasury | |||||||||||
525 | 0 | 12,300 | 2,396 | 75,342 | 197,336 | 0 | 119,551 | 71,290 | 137,068 | 45,854 | 240,069 |
Proceeds from share award plans | |||||||||||
6,939 | 8,410 | 22,597 | 4,911 | 4,094 | 9,240 | 19,972 | 11,683 | - | - | - | - |
Share award settlements for Era Group employees and directors | |||||||||||
- | - | - | - | - | - | -357 | 0 | 0 | - | - | - |
Payments to Acquire Additional Interest in Subsidiaries | |||||||||||
- | - | - | 0 | - | 2,090 | 0 | 0 | 1,149 | 39 | 1,210 | - |
Purchase of subsidiary shares from noncontrolling interests | |||||||||||
107,692 | 29 | 0 | 248 | -4,342 | -6,070 | -4,186 | -2,901 | -915 | - | - | - |
Cash received from (dividends paid to) noncontrolling interests | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -1,632 |
Distributions to noncontrolling interests | |||||||||||
5,162 | 5,111 | 4 | - | - | - | - | - | - | - | - | - |
Proceeds and tax benefits from share award plans | |||||||||||
- | - | - | - | - | - | - | - | 11,888 | 26,225 | 5,742 | 6,655 |
Issuance of noncontrolling interests, net of issue costs | |||||||||||
- | - | - | - | 400 | 151,849 | 40 | 83 | - | - | - | - |
Distributions paid to noncontrolling interests, net of issuances | |||||||||||
- | - | - | - | - | - | - | - | - | -285 | 2,257 | - |
Net cash used in financing activities of continuing operations | |||||||||||
-155,471 | -224,799 | -249,646 | -79,327 | -75,347 | -57,175 | 222,574 | -247,528 | -25,277 | -506,106 | -6,327 | -298,460 |
Effects of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | |||||||||||
-2 | -137 | 956 | -2,928 | -1,974 | -3,101 | 477 | 2,087 | 1,517 | -8,082 | - | - |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Period Increase (Decrease), Including Exchange Rate Effect, Continuing Operations | |||||||||||
-68,768 | -95,016 | -25,249 | -130,611 | -11,278 | -93,252 | 277,309 | -302,583 | -83,942 | -171,376 | - | - |
Cash Flows from Discontinued Operations: | |||||||||||
Operating Activities | |||||||||||
0 | 0 | 12,811 | 41,206 | -16,143 | - | 24,298 | 189,216 | 21,305 | 77,512 | - | - |
Investing Activities | |||||||||||
0 | 0 | 2,720 | -21,581 | -92,615 | - | -8,502 | -7,665 | -157,146 | -5,892 | - | - |
Financing Activities | |||||||||||
0 | 0 | -7,149 | 12,290 | 160,513 | - | -14,017 | -12,919 | 246,260 | -405 | - | - |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | |||||||||||
0 | 0 | 208 | 437 | -118 | - | 143 | 673 | 442 | 72 | 871 | -8,603 |
Net Increase in Cash and Cash Equivalents from Discontinued Operations | |||||||||||
0 | 0 | 8,590 | 32,352 | 51,637 | - | 1,922 | 169,305 | 110,861 | 71,287 | - | - |
Net Decrease in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | |||||||||||
-68,768 | -95,016 | -16,659 | -98,259 | 40,359 | - | 279,231 | -133,278 | 26,919 | -100,089 | 190,462 | -261,863 |