| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
8,620,000 | 8,143,000 | 7,209,000 | 5,826,000 | 6,060,000 | 6,617,000 | 6,769,000 | 7,224,000 | 7,544,000 | 5,921,000 | 5,228,000 |
Costs and expenses | ||||||||||
Cost of sales | ||||||||||
7,489,000 | 6,986,000 | 6,143,000 | 4,991,000 | 5,211,000 | 5,672,000 | 5,849,000 | 6,250,000 | 6,647,000 | 5,270,000 | 4,985,000 |
Selling, general and administrative expenses | ||||||||||
508,000 | 499,000 | 508,000 | 401,000 | 391,000 | 411,000 | 410,000 | 424,000 | 407,000 | 395,000 | 313,000 |
Amortization of intangibles | ||||||||||
12,000 | 8,000 | 11,000 | 8,000 | 14,000 | 42,000 | 74,000 | 74,000 | 77,000 | 61,000 | 71,000 |
Restructuring charges, net | ||||||||||
29,000 | 25,000 | 14,000 | 36,000 | 15,000 | 21,000 | 24,000 | 47,000 | 82,000 | 74,000 | 118,000 |
Goodwill and Intangible Asset Impairment | ||||||||||
6,000 | 20,000 | - | - | - | - | - | - | - | - | - |
Gain (loss) on disposal group held for sale | ||||||||||
- | 3,000 | -27,000 | - | 0 | 80,000 | 0 | - | - | - | - |
Impairment of long-lived assets | ||||||||||
- | - | - | - | 36,000 | 0 | 0 | - | - | - | 156,000 |
Pension settlement charges | ||||||||||
-259,000 | - | - | - | - | -42,000 | 0 | 0 | - | - | - |
Gain (Loss) on Disposition of Stock in Subsidiary | ||||||||||
- | - | - | -80,000 | 0 | 0 | - | - | - | - | - |
Other income (expense), net | ||||||||||
-25,000 | -29,000 | -16,000 | 22,000 | 1,000 | 33,000 | 55,000 | 19,000 | 54,000 | 23,000 | 98,000 |
Earnings before interest and income taxes | ||||||||||
292,000 | 579,000 | 490,000 | 332,000 | 394,000 | 382,000 | 467,000 | 448,000 | 385,000 | 144,000 | -317,000 |
Loss on extinguishment of debt | ||||||||||
-9,000 | - | -19,000 | -17,000 | -2,000 | -19,000 | 0 | 0 | - | - | - |
Interest income | ||||||||||
10,000 | 11,000 | 11,000 | 13,000 | 13,000 | 15,000 | - | - | - | - | - |
Interest expense | ||||||||||
122,000 | 96,000 | 102,000 | 113,000 | 113,000 | 118,000 | 99,000 | 84,000 | 79,000 | 89,000 | 139,000 |
Reorganization items | ||||||||||
- | - | - | - | - | - | - | - | - | - | -2,000 |
Earnings before income taxes | ||||||||||
171,000 | 494,000 | 380,000 | 215,000 | 292,000 | 260,000 | 368,000 | 364,000 | 306,000 | 55,000 | -454,000 |
Income tax expense (benefit) | ||||||||||
-32,000 | 78,000 | 283,000 | -424,000 | 82,000 | -70,000 | 119,000 | 51,000 | 87,000 | 30,000 | -27,000 |
Equity in earnings of affiliates | ||||||||||
30,000 | 24,000 | 19,000 | 14,000 | -34,000 | 13,000 | 12,000 | 2,000 | 21,000 | 11,000 | -8,000 |
Income from continuing operations | ||||||||||
- | - | - | - | 176,000 | 343,000 | 261,000 | 315,000 | 240,000 | 36,000 | - |
Income from discontinued operations | ||||||||||
- | - | - | - | 4,000 | -15,000 | -1,000 | 0 | -8,000 | -21,000 | - |
Net income | ||||||||||
233,000 | 440,000 | 116,000 | 653,000 | 180,000 | 328,000 | 260,000 | 315,000 | 232,000 | 15,000 | -435,000 |
Less: Noncontrolling interests net income | ||||||||||
13,000 | 13,000 | 10,000 | 13,000 | 21,000 | 9,000 | 16,000 | 15,000 | 13,000 | 4,000 | -5,000 |
Less: Redeemable noncontrolling interests net loss | ||||||||||
-6,000 | - | -5,000 | - | 0 | - | - | - | - | - | - |
Net income attributable to the parent company | ||||||||||
226,000 | 427,000 | 111,000 | 640,000 | 159,000 | 319,000 | 244,000 | 300,000 | 219,000 | 11,000 | -430,000 |
Preferred stock dividend requirements | ||||||||||
- | - | - | - | - | 7,000 | 25,000 | 31,000 | 31,000 | 32,000 | 32,000 |
Preferred stock redemption premium | ||||||||||
- | - | - | - | - | - | 232,000 | 0 | 0 | - | - |
Net income available to common stockholders | ||||||||||
- | - | - | - | - | 312,000 | -13,000 | 269,000 | 188,000 | -21,000 | -462,000 |
Net income per share available to common stockholders | ||||||||||
Basic: | ||||||||||
Income from continuing operations | ||||||||||
- | - | - | - | 0.98 | 2.07 | -0.08 | 1.82 | 1.34 | - | - |
Income from discontinued operations | ||||||||||
- | - | - | - | 0.02 | -0.10 | -0.01 | 0.00 | -0.06 | -0.15 | - |
Basic (in dollars per share) | ||||||||||
1.57 | 2.94 | 0.72 | 4.38 | 1.00 | 1.97 | -0.09 | 1.82 | 1.28 | -0.15 | -4.19 |
Diluted: | ||||||||||
Income from continuing operations | ||||||||||
- | - | - | - | 0.97 | 1.93 | -0.08 | 1.40 | 1.05 | - | - |
Income from discontinued operations | ||||||||||
- | - | - | - | 0.02 | -0.09 | -0.01 | 0.00 | -0.03 | -0.15 | - |
Diluted (in dollars per share) | ||||||||||
1.56 | 2.91 | 0.71 | 4.36 | 0.99 | 1.84 | -0.09 | 1.40 | 1.02 | -0.15 | -4.19 |
Weighted-average common shares outstanding | ||||||||||
Basic (in shares) | ||||||||||
144,000 | 145,000 | 145,100 | 146,000 | 159,000 | 158,000 | 146,400 | 148,000 | 146,600 | 140,800 | 110,200 |
Diluted (in shares) | ||||||||||
145,100 | 146,500 | 146,900 | 146,800 | 160,000 | 173,500 | 146,400 | 214,700 | 215,300 | 140,800 | 110,200 |
Cash dividends declared per share | ||||||||||
- | - | - | - | 0.23 | 0.20 | 0.20 | 0.20 | 0.00 | - | - |