| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Operating Activities: | ||||||||
Net income | ||||||||
-929,500 | 140,200 | 193,800 | 222,838 | -70,875 | 236,772 | 19,396 | 5,353 | -252,308 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
Depreciation and amortization | ||||||||
770,900 | 357,500 | 378,000 | 399,053 | 303,500 | 259,504 | 256,616 | 262,279 | 264,144 |
Equity-based compensation | ||||||||
90,800 | 44,900 | 41,800 | 35,006 | 28,665 | 21,092 | 16,108 | 7,525 | 5,874 |
Deferred income taxes | ||||||||
-260,800 | -49,200 | -71,500 | -100,878 | -101,826 | -33,278 | -40,722 | -48,713 | -141,600 |
Asset impairments | ||||||||
376,100 | 15,000 | - | 38,552 | 90,784 | 12,096 | 45,529 | 40,907 | 126,057 |
Non-cash restructuring charges | ||||||||
- | - | - | - | - | - | - | 963 | 965 |
Excess tax benefits from equity-based compensation | ||||||||
- | - | - | - | - | 11,411 | 229 | 748 | - |
Other acquisition-related costs | ||||||||
- | - | - | - | - | - | - | - | -41,543 |
Changes in assets and liabilities: | ||||||||
Accounts receivable | ||||||||
-258,800 | -65,100 | -96,700 | 100,867 | 6,984 | 18,824 | 11,895 | 15,889 | -30,557 |
Inventories | ||||||||
-489,100 | 48,500 | -53,700 | 31,996 | -162,164 | 4,324 | 62,141 | -18,186 | -137,978 |
Prepaid expenses and other assets | ||||||||
-19,500 | -1,000 | 1,300 | -14,273 | 65,271 | -1,502 | 27,257 | 490 | -27,640 |
Accounts payable and other liabilities | ||||||||
-274,000 | -800 | -154,700 | 191,405 | 6,921 | -109,922 | 57,575 | 45,763 | -19,571 |
Other noncurrent liabilities | ||||||||
7,200 | -54,600 | 14,600 | -35,950 | -13,320 | -49,265 | -21,944 | -35,285 | -16,825 |
Other noncurrent assets | ||||||||
-46,000 | 8,000 | 8,400 | 1,834 | 11,966 | -715 | 3,060 | -4,344 | -7,628 |
Other | ||||||||
-2,300 | -31,500 | -43,600 | -10,619 | -5,323 | 15,239 | -9,725 | -1,940 | -6,753 |
Net cash used in operating activities | ||||||||
596,400 | 494,100 | 586,300 | 640,221 | 327,115 | 289,418 | 237,701 | 286,135 | 135,749 |
Investing Activities: | ||||||||
Additions to property, plant and equipment | ||||||||
104,100 | 82,300 | 68,700 | 68,314 | 56,501 | 36,935 | 36,780 | 27,957 | 38,792 |
Proceeds from sale of property, plant and equipment | ||||||||
1,600 | 12,900 | 5,400 | 4,084 | 3,417 | 4,575 | 3,237 | 2,345 | 12,077 |
Cash paid for acquisitions, including purchase price adjustments, net of cash acquired | ||||||||
5,053,400 | - | 105,200 | -6,098 | 3,000,991 | 41,794 | 55,770 | 12,214 | 3,141,774 |
Cash paid for prior year acquisition | ||||||||
11,000 | - | - | - | - | - | - | - | - |
Proceeds from sale of long-term investments | ||||||||
9,300 | - | 9,900 | - | - | - | - | - | - |
Proceeds from sale of businesses and long-term investments | ||||||||
- | - | - | 1,292 | 2,817 | 12,761 | 26,502 | 4,022 | - |
Proceeds (payments) upon settlement of net investment hedge | ||||||||
-2,700 | -5,100 | 7,600 | - | - | - | - | - | - |
Cash paid for long-term investments | ||||||||
- | - | - | - | - | 15,000 | 750 | 3,250 | - |
Other | ||||||||
- | - | - | -2,253 | -646 | -441 | -150 | -1,529 | 4,246 |
Net cash used in investing activities | ||||||||
-5,154,900 | -64,300 | -166,200 | -54,587 | -3,050,612 | -75,952 | -63,411 | -35,525 | -3,172,735 |
Financing Activities: | ||||||||
Long-term debt repaid | ||||||||
3,061,300 | 550,000 | 990,400 | 718,914 | 619,056 | 1,124,392 | 907,817 | 394,356 | 1,597,326 |
Long-term debt proceeds | ||||||||
6,933,000 | 150,000 | 780,400 | 19,764 | 3,246,875 | 1,315,026 | 947,379 | 299,150 | 2,723,100 |
Debt issuance and modification costs | ||||||||
120,800 | - | 8,400 | 4,318 | 74,319 | 23,257 | 14,560 | 2,701 | 86,962 |
Debt extinguishment costs | ||||||||
- | - | 14,800 | 17,779 | 301 | - | - | - | - |
Series A convertible preferred stock proceeds | ||||||||
1,000,000 | - | - | - | - | - | - | - | - |
Dividends paid on Series A convertible preferred stock | ||||||||
40,700 | - | - | - | - | - | - | - | - |
Deemed dividend paid on Series A convertible preferred stock | ||||||||
3,000 | - | - | - | - | - | - | - | - |
Cash paid for repurchase of common stock | ||||||||
- | - | 175,000 | - | - | - | - | - | - |
Net proceeds from the issuance of common stock | ||||||||
- | - | - | - | - | - | 433,958 | - | 1,606,599 |
Dividends paid | ||||||||
- | - | - | - | - | - | 538,705 | 200,000 | - |
Cash paid to stock option holders | ||||||||
- | - | - | - | - | - | 11,295 | 732 | - |
Proceeds from the issuance of common shares under equity-based compensation plans | ||||||||
4,600 | 6,100 | 9,900 | 16,756 | 25,570 | 12,052 | 1,174 | - | - |
Excess tax benefits from equity-based compensation | ||||||||
- | - | - | - | - | 11,411 | 229 | 748 | - |
Tax withholding payments for vested equity-based compensation awards | ||||||||
13,200 | 15,700 | 15,400 | 3,878 | 698 | - | - | - | - |
Other | ||||||||
- | - | - | - | - | - | -32 | -1,631 | -1,530 |
Net cash generated by (used in) financing activities | ||||||||
4,698,600 | -409,600 | -413,700 | -708,369 | 2,578,071 | 190,840 | -89,669 | -299,522 | 2,643,881 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-100 | -16,000 | 19,400 | -11,921 | -21,011 | -21,305 | -2,676 | -3,815 | -3,283 |
Change in cash and cash equivalents | ||||||||
140,000 | 4,200 | 25,800 | -134,656 | -166,437 | 383,001 | 81,945 | -52,727 | -396,388 |