| 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 relating to operating activities | |||||||||||
Net income | |||||||||||
254,061 | 228,724 | 125,449 | 156,366 | 151,087 | 128,198 | 104,151 | 97,866 | 109,977 | -342,117 | 112,602 | -525,192 |
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | |||||||||||
0 | 1,506 | -137 | 280 | -950 | -1,726 | -1,265 | -4,252 | -5,545 | -8,012 | 1,399 | 3,283 |
Income from continuing operations, net of income taxes | |||||||||||
254,061 | 227,218 | 125,586 | 156,086 | 152,037 | 129,924 | 105,416 | 102,118 | 115,522 | -334,105 | 111,203 | -528,475 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
198,095 | 161,779 | 131,159 | 126,658 | 94,881 | 96,445 | 96,636 | 81,275 | 85,230 | 93,649 | 89,962 | 86,851 |
Amortization of debt issuance costs and discounts | |||||||||||
- | - | - | - | - | 1,725 | 9,561 | 17,622 | 20,010 | 19,777 | 13,798 | 13,464 |
Goodwill impairment | |||||||||||
- | - | - | - | - | - | - | - | - | 305,000 | 0 | 700,000 |
Pension curtailment | |||||||||||
- | - | - | - | - | - | - | - | - | - | 674 | 3,276 |
Stock-based compensation | |||||||||||
57,271 | 47,346 | 44,003 | 43,642 | 40,122 | 31,035 | 24,542 | 21,855 | 21,706 | 25,526 | 23,652 | 24,212 |
Deferred income taxes | |||||||||||
-21,895 | -9,702 | 28,254 | 1,945 | 2,689 | 7,060 | -846 | 1,311 | -8,668 | -42,342 | 16,845 | 7,872 |
Loss (gain) on venture capital and other investments | |||||||||||
20,700 | 15,900 | 22,900 | 10,300 | 3,823 | 9,301 | 5,864 | -618 | - | - | - | - |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | |||||||||||
0 | 0 | 10,577 | 0 | 0 | - | - | - | - | - | - | - |
Impairment charges | |||||||||||
0 | 0 | 17,239 | 6,717 | 196 | - | 4,202 | 3,548 | 7,492 | 91,378 | 3,460 | 2,267 |
(Gain) loss on bargain purchase | |||||||||||
- | - | - | - | 9,837 | 0 | 0 | - | - | - | - | - |
(Gain) loss on investments in limited partnerships | |||||||||||
- | - | - | - | - | - | - | - | -869 | - | - | - |
Other, net | |||||||||||
-7,931 | -15,613 | 666 | -5,629 | -2,352 | 982 | -755 | -5,519 | 5,797 | -1,797 | -906 | 5,250 |
Changes in assets and liabilities: | |||||||||||
Trade receivables, net | |||||||||||
8,323 | 21,196 | 48,279 | 52,780 | 16,963 | 28,088 | 19,492 | 16,266 | -7,669 | 5,640 | -21,082 | 11,171 |
Inventories | |||||||||||
21,399 | 13,338 | 17,838 | 4,021 | -3,364 | 2,956 | 1,571 | -785 | -3,766 | -1,989 | 4,376 | 9,669 |
Other assets | |||||||||||
- | - | - | - | - | 5,145 | -2,421 | 117 | 265 | 2,131 | -1,461 | -6,206 |
Accounts payable | |||||||||||
29,775 | -12,732 | 34 | 22,076 | 1,174 | 4,599 | -7,080 | -3,257 | 2,208 | 71 | -11,349 | 8,321 |
Accrued compensation | |||||||||||
3,394 | 31,616 | 3,666 | 9,298 | 8,414 | 13,631 | 11,926 | 4,612 | -7,412 | 4,482 | -9,545 | 1,150 |
Long-term payable on Transition Tax (Notes 5 and 11) | |||||||||||
0 | -8,974 | 61,038 | 0 | 0 | - | - | - | - | - | - | - |
Deferred revenue | |||||||||||
- | - | - | - | - | 22,244 | -3,297 | -915 | -9,515 | -4,209 | -14,468 | -15,127 |
Deferred revenue | |||||||||||
-3,620 | 36,072 | -8,466 | 14,580 | - | - | - | - | - | - | - | - |
Customer contract deposits | |||||||||||
-10,898 | 28,115 | 0 | 0 | - | - | - | - | - | - | - | - |
Other assets and liabilities, net | |||||||||||
-17,250 | 24,749 | -15,788 | 2,647 | -32,227 | - | - | - | - | - | - | - |
Accrued liabilities | |||||||||||
- | - | - | - | - | 8,284 | 759 | -7,050 | -1,355 | 5,501 | -6,671 | 7,324 |
Taxes payable and prepaid taxes | |||||||||||
- | - | - | - | - | -7,090 | -3,054 | 2,331 | -13,782 | 13,087 | -15,095 | - |
Other liabilities | |||||||||||
- | - | - | - | - | -9,253 | -5,969 | -5,983 | -9,098 | -5,594 | -4,614 | -19,633 |
Net cash provided by operating activities | |||||||||||
480,936 | 441,140 | 318,074 | 316,899 | 306,833 | 252,132 | 209,045 | 208,006 | 206,842 | 168,236 | 215,577 | 275,566 |
Cash flows relating to investing activities | |||||||||||
Acquisition of businesses and assets, net of cash acquired | |||||||||||
515,701 | 824,868 | 25,012 | 648,482 | 247,651 | 234,267 | 29,218 | 16,861 | 0 | 0 | 83,347 | 69,151 |
Capital expenditures | |||||||||||
140,514 | 140,054 | 82,431 | 55,288 | 63,252 | 56,925 | 39,154 | 47,534 | 49,143 | 42,860 | 79,853 | 198,642 |
Purchases of investments and contributions to venture capital investments | |||||||||||
22,341 | 25,125 | 46,217 | 40,248 | 34,235 | 26,648 | 17,566 | 18,537 | 24,556 | 27,600 | 98,991 | 6,439 |
Proceeds from sale of investments | |||||||||||
942 | 35,849 | 9,128 | 47,652 | 19,743 | 21,000 | 11,584 | 25,156 | 31,607 | 72,464 | 50,484 | 45,444 |
Proceeds from divestiture | |||||||||||
0 | 0 | 72,462 | 0 | 0 | - | - | - | - | - | - | - |
Other, net | |||||||||||
3,888 | 805 | 516 | -3,694 | 2,221 | 1,150 | -307 | -2,786 | -5,447 | -950 | -2,623 | -51 |
Net cash used in investing activities | |||||||||||
-681,502 | -955,003 | -72,586 | -692,672 | -327,616 | -297,990 | -74,047 | -54,990 | -36,645 | 2,954 | -209,084 | -228,737 |
Cash flows relating to financing activities | |||||||||||
Proceeds from long-term debt and revolving credit facility | |||||||||||
3,358,461 | 2,755,028 | 236,856 | 1,044,666 | 492,514 | 298,920 | 511,804 | 74,116 | 250,708 | 579,372 | 18,000 | 102,000 |
Proceeds from exercises of stock options | |||||||||||
34,546 | 37,657 | 38,870 | 23,197 | 39,367 | 73,688 | 93,789 | 18,359 | 20,625 | 4,492 | 819 | 28,141 |
Payments on long-term debt, revolving credit facility, and finance lease obligations | |||||||||||
3,124,588 | 2,201,003 | 372,435 | 656,636 | 417,331 | 194,536 | 523,304 | 140,347 | 252,965 | 381,535 | 54,130 | 36,540 |
Payments on debt financing costs | |||||||||||
6,593 | 18,337 | 0 | 3,659 | - | - | - | - | - | - | - | - |
Purchase of treasury stock | |||||||||||
18,087 | 13,846 | 106,909 | 12,267 | 117,478 | 122,018 | 165,932 | 64,189 | 283,795 | 356,527 | 45,897 | 115,058 |
Other, net | |||||||||||
-11,802 | -1,440 | -4,858 | -14,545 | -4,330 | 5,360 | -594 | 940 | -6,359 | -13,697 | 231 | 3,788 |
Net cash provided by (used in) financing activities | |||||||||||
231,937 | 558,059 | -208,476 | 380,756 | -7,258 | 61,414 | -84,237 | -111,121 | -271,786 | -167,895 | -80,977 | -17,669 |
Discontinued operations | |||||||||||
Net cash used in operating activities from discontinued operations | |||||||||||
0 | -3,735 | -1,809 | -2,056 | -1,876 | -1,081 | -1,906 | - | -1,559 | 777 | 9,467 | 7,160 |
Supplemental cash flow information: | |||||||||||
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | |||||||||||
11,357 | -9,474 | 11,234 | -2,996 | -12,695 | -10,379 | -2,613 | -1,009 | -7,107 | -10,293 | 3,736 | -17,310 |
Net change in cash, cash equivalents, and restricted cash | |||||||||||
42,728 | 30,987 | 46,437 | -69 | -42,612 | 4,096 | 46,242 | 40,780 | -110,255 | -3,414 | -61,018 | 18,143 |
Net cash provided by investing activities | |||||||||||
- | - | - | - | - | - | - | - | - | 2,807 | 263 | -1,216 |
Net cash provided by financing activities | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | 349 |
Net cash used in operating activities from discontinued operations | |||||||||||
- | - | - | - | - | - | - | -106 | -1,559 | 3,584 | 9,730 | 6,293 |
Cash paid for income taxes | |||||||||||
54,060 | 67,600 | 60,377 | 42,868 | 24,436 | 29,704 | 19,139 | 17,032 | 29,124 | 22,068 | 27,180 | 43,157 |
Cash paid for interest | |||||||||||
67,813 | 47,540 | 27,417 | 22,756 | 11,101 | 10,199 | 12,029 | 15,145 | 22,321 | 16,140 | 8,104 | 14,186 |
Non-cash investing and financing activities: | |||||||||||
Capitalized interest | |||||||||||
- | - | - | - | 424 | 1,032 | 243 | 467 | 298 | 56 | 2,496 | 5,263 |
Additions to property, plant and equipment, net | |||||||||||
21,447 | 18,212 | 38,199 | 5,333 | 6,720 | 4,355 | 6,960 | 2,778 | 5,302 | - | - | - |
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability | |||||||||||
4,819 | 1,473 | 722 | - | - | - | - | - | - | - | - | - |
Assets acquired under capital lease | |||||||||||
- | - | - | 1,335 | 10,281 | 18,690 | 0 | 69 | 0 | 0 | - | - |