| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||
Net income | |||||||||||
154,115 | 105,406 | 266 | 18,477 | 26,513 | 65,633 | 24,104 | 25,982 | 53,507 | 80,264 | 9,848 | 30,529 |
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions | |||||||||||
Depreciation | |||||||||||
91,500 | 86,300 | 76,900 | 78,482 | 71,504 | 68,857 | 65,529 | 59,063 | 56,927 | 47,365 | 42,507 | 37,941 |
Amortization of intangible assets | |||||||||||
18,000 | 18,400 | 18,800 | 20,483 | 8,596 | 7,914 | 8,078 | 5,130 | 4,511 | 4,431 | 4,665 | 3,706 |
Impairment of goodwill | |||||||||||
- | - | - | - | - | - | 5,318 | - | 0 | - | - | - |
Purchased in-process research and development | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 7,865 |
Amortization of debt issuance costs | |||||||||||
521 | 522 | 514 | 1,889 | 660 | 531 | 531 | - | 412 | 549 | 648 | 917 |
Amortization of discount on convertible senior notes | |||||||||||
- | - | - | - | - | - | - | - | 6,032 | 7,656 | 8,302 | 10,690 |
Share-based compensation expense | |||||||||||
20,535 | 20,736 | 18,609 | 14,029 | 18,970 | 14,104 | 13,551 | 14,398 | 13,703 | 13,051 | 10,936 | 10,136 |
Excess tax benefit from share-based compensation | |||||||||||
- | - | - | 1,078 | 829 | 6,018 | -6,643 | 1,644 | 15,024 | 3,073 | 0 | 0 |
Gain on disposal of property, plant and equipment | |||||||||||
24,429 | 636 | -1,969 | -1,091 | -1,440 | 963 | -270 | 3,554 | -31 | 1,665 | -67 | 34 |
(Gain) on securities carried at fair value | |||||||||||
- | - | - | - | 400 | 1,364 | 601 | 7,100 | -1,039 | 0 | - | - |
Gain from extinguishment of debt | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,164 | 15,696 |
Deferred income taxes | |||||||||||
-9,904 | -3,674 | -25,326 | 15,978 | -1,484 | 3,611 | 1,959 | 13,051 | 21,916 | 4,040 | 9,230 | 7,772 |
Other | |||||||||||
187 | 2,335 | 1,814 | -1,811 | 135 | -3,624 | -2,538 | 334 | 297 | 464 | 0 | 0 |
Changes in operating assets: | |||||||||||
Change in accounts receivable | |||||||||||
30,775 | 29,478 | -22,261 | -533 | 9,710 | -1,810 | 18,241 | 6,360 | 4,406 | 23,604 | 26,758 | -24,880 |
Change in inventory | |||||||||||
11,325 | 2,154 | 17,199 | -5,176 | 2,165 | 2,750 | -14,860 | 5,492 | 20,187 | 30,388 | -12,340 | 20,336 |
Prepaid expenses and other current assets | |||||||||||
6,630 | 11,119 | -1,494 | -2,456 | -12,115 | 10,537 | 3,803 | -3,162 | 7,483 | 2,290 | -3,298 | 3,657 |
Changes in operating liabilities: | |||||||||||
Change in accounts payable | |||||||||||
3,513 | 9,977 | 17,313 | 2,640 | -8,617 | -9,512 | -8,594 | -7,440 | -3,584 | 7,032 | 14,414 | -11,239 |
Change in accrued liabilities | |||||||||||
7,369 | -13,445 | 13,079 | -3,158 | 8,365 | 2,187 | 171 | 2,257 | -8,513 | 8,022 | -4,955 | -4,792 |
Change in income tax payable | |||||||||||
271 | -571 | -871 | 6,512 | -8,665 | 7,951 | -461 | 3,378 | 3,829 | 12,714 | 819 | -5,459 |
Change in other operating liabilities | |||||||||||
-2,694 | 345 | 4,495 | -8,623 | -1,015 | -3,584 | 1,957 | -4,179 | 3,069 | 2,445 | -210 | -508 |
Net cash flows provided by operating activities | |||||||||||
229,772 | 185,566 | 181,123 | 124,742 | 118,111 | 134,272 | 109,891 | 64,216 | 61,650 | 118,005 | 65,527 | 57,171 |
Cash flows from investing activities | |||||||||||
Acquisitions, net of cash received | |||||||||||
33,028 | 41 | - | - | 348,887 | - | 124,916 | 20,048 | 0 | 0 | - | 153,158 |
Sales of short-term investments | |||||||||||
21,847 | 12,576 | 38,600 | 56,168 | 75,834 | 29,583 | - | - | - | - | - | - |
Purchases of equity securities | |||||||||||
- | - | - | - | 4,553 | 1,842 | 5,393 | 3,413 | 14,117 | 0 | 0 | 4,435 |
Proceeds from sale of equity securities | |||||||||||
- | - | - | - | 8,652 | 1,660 | 7,458 | - | 0 | 296,600 | 24,025 | 7,282 |
Purchases of property, plant and equipment | |||||||||||
98,505 | 87,507 | 111,161 | 58,549 | 133,244 | 57,766 | 47,054 | 58,166 | 80,941 | 88,809 | 22,477 | 53,246 |
(Increase) decrease in restricted cash | |||||||||||
- | - | - | - | -786 | -2,872 | -6,886 | - | 0 | - | - | - |
Purchases of short-term investments | |||||||||||
19,271 | 15,901 | 12,205 | 23,459 | 57,878 | 18,839 | 22,922 | - | 0 | - | - | - |
Proceeds from sales of property, plant and equipment | |||||||||||
29,366 | 429 | 1,219 | 156 | 143 | 1,480 | 59 | 1,969 | 40 | 2,163 | 342 | 56 |
Receipt of subsidies and grants | |||||||||||
- | - | 6,968 | - | - | - | - | - | - | - | - | - |
Subsidies and grants | |||||||||||
- | - | - | - | 380 | - | - | - | - | - | - | - |
Proceeds from sales of intangibles | |||||||||||
- | - | - | - | - | - | - | 2,122 | 0 | 0 | - | - |
Other | |||||||||||
835 | -1,500 | 2,333 | 723 | 679 | -84 | 520 | -117 | 3,294 | 385 | 30 | 0 |
Net cash and cash equivalents used in investing activities | |||||||||||
-100,426 | -88,944 | -78,912 | -26,407 | -459,446 | -42,768 | -186,402 | -77,419 | -98,312 | 209,569 | 1,860 | -203,501 |
Cash flows from financing activities | |||||||||||
Advances on lines of credit and short-term debt | |||||||||||
9,954 | 9,151 | 3,375 | 9,000 | 1,228 | 6,778 | 15,101 | 3,659 | 8,000 | 3,762 | 126,563 | 55,114 |
Repayments of line of credit and short-term debt | |||||||||||
7,362 | 2,797 | 2,391 | 9,000 | 4,287 | 11,400 | 34,573 | 9,556 | 0 | 303,192 | 45,084 | 49,016 |
Taxes paid related to net share settlement | |||||||||||
4,432 | 11,294 | 278 | 2,528 | - | - | - | - | - | - | - | - |
Excess taxes (paid) benefit from share-based compensation | |||||||||||
- | - | - | -1,078 | -829 | 6,018 | -6,643 | 1,644 | 15,024 | 3,073 | 0 | 0 |
Proceeds from long-term debt | |||||||||||
405,540 | 465,656 | 44,500 | 43,500 | 391,200 | - | 181,000 | 71,720 | 0 | 0 | - | 212,711 |
Debt issuance costs | |||||||||||
223 | - | 111 | 2,045 | 1,270 | - | - | - | - | - | - | - |
Repayments of long-term debt | |||||||||||
522,860 | 522,473 | 204,374 | 79,913 | 65,986 | 42,677 | 42,145 | 30,445 | 134,706 | 1,165 | 13,387 | 24,546 |
Dividend to noncontrolling interest | |||||||||||
- | - | - | - | - | - | - | - | - | 2,373 | 1,498 | 0 |
Net proceeds from issuance of common stock | |||||||||||
11,901 | 4,862 | 13,606 | 120 | 10,192 | 5,761 | 2,635 | 1,318 | 3,526 | 4,818 | 1,702 | 2,957 |
Repayment of and proceeds from finance lease obligation | |||||||||||
1,082 | -1,198 | 587 | 19 | 218 | 246 | 627 | 295 | 285 | 268 | 381 | 352 |
Purchase of treasury stock | |||||||||||
- | - | 8,745 | 18,014 | 11,009 | - | - | - | - | - | - | - |
Capital contribution from noncontrolling interest | |||||||||||
- | 6,255 | - | - | - | - | - | - | - | - | - | - |
Dividend distribution to noncontrolling interests | |||||||||||
3,818 | 2,694 | 5,754 | 4,869 | - | 1,336 | - | - | - | - | - | - |
Other | |||||||||||
-50 | 225 | 2,575 | -768 | 683 | 1,343 | -2,387 | 502 | 728 | -4 | 0 | 0 |
Net cash and cash equivalents (used in) provided by financing activities | |||||||||||
-112,432 | -51,911 | -158,184 | -63,458 | 321,362 | -35,759 | 112,361 | 38,547 | -107,713 | -295,349 | 67,915 | 196,868 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
760 | -8,078 | 11,461 | -4,588 | -4,592 | -9,380 | 3,664 | 2,267 | 2,984 | -3,277 | 3,155 | -3,221 |
Change in cash and cash equivalents, including restricted cash | |||||||||||
17,674 | 36,633 | -44,512 | 30,289 | -24,565 | 46,365 | 39,514 | 27,611 | -141,391 | 28,948 | 138,457 | 47,317 |
Supplemental Cash Flow Information | |||||||||||
Cash paid during the year for: | |||||||||||
Interest paid during the period | |||||||||||
7,235 | 9,962 | 13,547 | 11,708 | 2,799 | 3,276 | 4,373 | 914 | 3,322 | 4,638 | 10,518 | 8,982 |
Taxes paid during the period | |||||||||||
37,158 | 33,265 | 30,447 | 17,099 | 17,229 | 14,059 | 10,396 | 17,086 | 12,118 | 9,617 | 4,866 | 7,290 |
Non-cash investing and financing activities: | |||||||||||
Accounts payable balance related to the purchase of property, plant and equipment | |||||||||||
2,260 | 7,766 | -14,081 | 6,393 | -4,498 | -1,167 | 2,714 | -1,957 | -1,934 | 2,229 | -3,291 | -2,333 |
Acquisition: | |||||||||||
Fair value of assets acquired | |||||||||||
- | - | - | - | 496,625 | - | 247,012 | 76,438 | 0 | 0 | - | -169,959 |
Fair value of liabilities assumed | |||||||||||
- | - | - | - | 88,284 | - | 92,277 | 13,924 | 0 | 0 | - | 41,367 |
Less cash acquired | |||||||||||
- | - | - | - | 54,774 | - | 29,819 | 6,108 | 0 | 0 | - | -24,566 |
Net assets acquired | |||||||||||
- | - | - | - | 353,567 | - | 124,916 | 68,622 | - | - | - | - |
Fair value of common stock issued for repayment of long-term debt | |||||||||||
- | - | - | - | - | - | - | - | - | - | -31,437 | 0 |
Cash paid for the acquisition | |||||||||||
33,028 | 41 | - | - | 348,887 | - | - | - | - | - | - | 153,158 |
Noncontrolling Interest | |||||||||||
Decrease (increase) in dividend accrued for noncontrolling interest | |||||||||||
- | - | 1,008 | -1,008 | - | - | - | - | - | - | - | - |