| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash provided (required) by operating activities of continuing operations: | ||||||||||||
Net income (loss) | ||||||||||||
480,200 | 511,500 | 538,400 | 211,700 | 498,500 | 322,100 | 308,000 | 435,700 | 382,200 | 184,900 | 238,800 | 321,600 | 142,000 |
Discontinued operations, net of income taxes | ||||||||||||
-63,300 | -26,100 | 671,500 | 81,000 | 711,100 | 14,500 | -63,600 | -27,500 | -38,100 | -33,600 | -18,200 | -24,900 | 24,300 |
Income (loss) from continuing operations | ||||||||||||
543,500 | 537,600 | -133,100 | 130,700 | -212,600 | 307,600 | 371,600 | 463,200 | 420,300 | 218,500 | 257,000 | 346,500 | 166,300 |
Adjustments from income from continuing operations to cash provided (required) by operating activities of continuing operations: | ||||||||||||
Depreciation and amortization | ||||||||||||
150,100 | 150,200 | 97,800 | 100,600 | 76,800 | 93,500 | 88,000 | 115,900 | 99,600 | 133,600 | 127,200 | 124,200 | 133,700 |
Equity in (earnings) loss of affiliates | ||||||||||||
0 | 100 | 100 | 500 | 0 | 200 | 700 | -700 | 800 | 2,700 | 2,300 | 3,100 | 2,500 |
Restructuring and other charges (income) | ||||||||||||
171,000 | 61,200 | 73,200 | 95,000 | 150,300 | 56,400 | 50,500 | 27,500 | 6,300 | 151,900 | 132,800 | 49,600 | 164,900 |
Deferred income taxes | ||||||||||||
46,100 | -43,900 | 113,000 | 53,300 | 18,200 | -57,800 | 15,300 | 55,100 | 82,400 | 32,100 | 49,900 | 96,900 | 6,500 |
Pension and other postretirement benefits | ||||||||||||
12,600 | 6,100 | -8,400 | 32,500 | 42,500 | 29,600 | 62,300 | 57,100 | 35,100 | 39,400 | 14,300 | 6,900 | - |
Share-based compensation | ||||||||||||
25,600 | 22,500 | 21,100 | 20,200 | 15,400 | 14,800 | 14,200 | 16,000 | 14,800 | 14,700 | 11,200 | 10,600 | - |
Excess tax benefits from share-based compensation | ||||||||||||
- | - | - | 400 | 1,400 | 4,700 | 7,100 | 9,700 | 7,400 | 56,300 | 0 | 0 | - |
Loss on extinguishment of debt | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -300 |
Other | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 6,800 |
Changes in operating assets and liabilities, net of effect of acquisitions and divestitures: | ||||||||||||
Trade receivables, net | ||||||||||||
123,500 | 281,500 | 191,100 | -11,800 | -140,600 | 274,700 | 382,200 | 191,600 | 107,800 | 109,900 | 59,300 | -99,000 | -48,600 |
Guarantees of vendor financing | ||||||||||||
-8,600 | -15,400 | 54,700 | -55,000 | -11,500 | -22,300 | 3,600 | -12,900 | 5,600 | 25,400 | -29,200 | -9,400 | 4,100 |
Advance payments from customers | ||||||||||||
34,100 | 80,200 | 141,100 | -10,000 | 60,600 | 11,300 | 35,900 | 64,000 | 44,700 | 15,500 | - | - | - |
Accrued and other current liabilities and other liabilities | ||||||||||||
- | - | - | - | - | - | - | - | 31,000 | -2,600 | -3,600 | 8,900 | 600 |
Accrued payroll | ||||||||||||
- | - | - | - | - | - | - | - | - | 14,200 | -6,400 | 700 | - |
Accrued customer rebates | ||||||||||||
-85,800 | 104,100 | 16,900 | -5,200 | 9,500 | 34,300 | 63,400 | 27,200 | 15,500 | 33,200 | 13,700 | -1,800 | - |
Inventories | ||||||||||||
-6,400 | 200,700 | 102,800 | -79,000 | -27,800 | -36,200 | -2,400 | 194,500 | 109,900 | 7,900 | -35,400 | -83,700 | -39,600 |
Other current assets and other assets | ||||||||||||
- | - | - | - | - | - | - | - | 5,200 | 31,600 | 24,900 | -43,000 | -16,000 |
Accounts payable, trade and other | ||||||||||||
103,000 | 166,700 | 304,300 | -29,700 | -294,400 | -16,200 | 44,800 | 51,400 | 65,400 | 91,100 | -71,500 | -52,000 | -10,500 |
Income taxes | ||||||||||||
-25,000 | -94,700 | 109,300 | -31,900 | -265,300 | 12,700 | -16,100 | 33,900 | 9,000 | 59,400 | -21,000 | -600 | -9,100 |
Pension and other postretirement benefit contributions | ||||||||||||
13,400 | 37,500 | 55,300 | 65,800 | 75,400 | 68,300 | 68,000 | 77,500 | 67,000 | 105,200 | -93,400 | -46,800 | -42,100 |
Environmental spending, continuing, net of recoveries | ||||||||||||
18,300 | 20,300 | 20,200 | 28,100 | 32,200 | 17,500 | 7,800 | 7,100 | 12,000 | 8,900 | 7,400 | -13,600 | -8,300 |
Restructuring and other spending | ||||||||||||
18,600 | 25,200 | 7,300 | 18,000 | 24,700 | 9,500 | 9,900 | 900 | 2,400 | 53,400 | 37,400 | -21,300 | -29,800 |
Transaction-related charges | ||||||||||||
77,100 | 101,100 | 78,900 | 23,400 | 264,800 | - | - | - | - | - | - | - | - |
Change in other operating assets and liabilities, net | ||||||||||||
183,700 | -23,700 | -7,200 | -3,800 | -146,400 | -115,100 | -5,300 | 21,300 | - | - | - | - | - |
Cash provided (required) by operating activities of continuing operations | ||||||||||||
555,600 | 362,700 | 232,000 | 368,900 | -471,200 | 284,900 | 258,300 | 422,300 | 506,000 | 399,700 | 343,500 | 357,400 | 314,700 |
Cash provided (required) by operating activities of discontinued operations: | ||||||||||||
Environmental spending, discontinued, net of recoveries | ||||||||||||
51,700 | 41,000 | 32,300 | 21,800 | 17,900 | 9,800 | 31,000 | 23,300 | 21,100 | 17,100 | 22,100 | 32,200 | -22,400 |
Operating activities of discontinued operations, net of divestiture costs | ||||||||||||
9,000 | 74,500 | 168,600 | 176,300 | 166,000 | 132,800 | 120,100 | 2,800 | 16,700 | - | - | - | - |
Other discontinued spending | ||||||||||||
24,400 | 27,800 | 32,800 | 25,600 | 35,000 | 34,200 | 18,700 | 42,100 | 120,300 | 28,100 | 19,900 | 17,600 | 22,700 |
Cash provided (required) by operating activities of discontinued operations | ||||||||||||
-67,100 | 5,700 | 103,500 | 128,900 | 113,100 | 88,800 | 70,400 | -62,600 | -124,700 | -45,200 | -42,000 | -49,800 | -45,100 |
Cash provided (required) by investing activities of continuing operations: | ||||||||||||
Capital expenditures | ||||||||||||
93,900 | 83,000 | 38,300 | 91,200 | 53,400 | 182,200 | 165,000 | 177,300 | 156,800 | 142,300 | 161,200 | 174,800 | 115,400 |
Proceeds from sale of Princeton property | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 59,400 | 0 |
Proceeds from sale of sodium sulfate assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 16,700 | 0 |
Acquisitions, net | ||||||||||||
0 | -19,600 | 1,225,600 | 0 | 1,205,100 | 0 | 339,600 | 142,800 | 124,800 | 7,500 | 34,300 | 90,600 | 0 |
Investments in nonconsolidated affiliates | ||||||||||||
- | - | - | - | - | - | - | 13,900 | 3,200 | 0 | 0 | - | - |
Proceeds from sale of product portfolios | ||||||||||||
0 | -88,000 | 0 | 0 | -66,400 | -27,500 | 0 | 0 | - | - | - | - | - |
Investment in Enterprise Resource Planning system | ||||||||||||
48,000 | 48,500 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Distributions from Astaris | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 4,400 |
Other investing activities | ||||||||||||
54,000 | 13,600 | 24,600 | 11,500 | 40,200 | 35,700 | 62,800 | 32,400 | 18,400 | 6,800 | 9,100 | 8,100 | 15,200 |
Cash provided (required) by investing activities of continuing operations | ||||||||||||
-195,900 | -37,500 | -1,288,500 | -100,800 | -1,230,400 | -190,200 | -565,300 | -363,600 | -302,000 | -154,000 | -200,700 | -191,700 | -120,600 |
Cash provided (required) by investing activities of discontinued operations: | ||||||||||||
Proceeds from divestiture | ||||||||||||
26,200 | 0 | 38,000 | 0 | 1,649,800 | 199,100 | 0 | 0 | - | - | - | - | - |
Proceeds from disposal of property, plant and equipment | ||||||||||||
- | - | - | 1,900 | 1,900 | 200 | 2,100 | 2,800 | 1,200 | 2,600 | 3,900 | 5,700 | 5,600 |
Other discontinued investing activities | ||||||||||||
17,000 | 93,400 | 83,300 | 34,400 | 70,700 | -44,200 | -87,900 | -30,000 | - | - | - | - | - |
Cash provided (required) by investing activities of discontinued operations | ||||||||||||
9,200 | -93,400 | -45,300 | -34,400 | 1,579,100 | 154,900 | -87,900 | -30,000 | -56,000 | - | - | - | - |
Cash provided (required) by financing activities of continuing operations: | ||||||||||||
Net borrowings (repayments) under committed credit facility | ||||||||||||
1,500,000 | 0 | 1,598,900 | 2,800 | 1,650,000 | 3,000 | 410,500 | 5,900 | 300,200 | 35,000 | 379,100 | 0 | 0 |
Net borrowings (repayments) under committed credit facility | ||||||||||||
- | - | - | - | - | - | -130,000 | 130,000 | 0 | 0 | -369,200 | 191,800 | -42,000 |
Increase (decrease) in short-term debt | ||||||||||||
-11,900 | 79,500 | -3,100 | -19,400 | -547,300 | -139,600 | 613,300 | 22,600 | 9,000 | -14,900 | -5,100 | -17,700 | -5,100 |
Financing fees and interest rate swap settlements | ||||||||||||
97,400 | 3,100 | 11,000 | 700 | 0 | 10,500 | 4,000 | 0 | 8,500 | 0 | 2,600 | 0 | 700 |
Repayments of long-term debt | ||||||||||||
901,900 | 552,000 | 302,300 | 242,600 | 1,036,600 | 34,600 | 4,900 | 20,400 | 121,300 | 26,000 | 3,500 | 90,900 | 53,900 |
Issuances of common stock, net | ||||||||||||
50,700 | 10,700 | 22,500 | 4,100 | 5,900 | 8,600 | 10,700 | 18,700 | 11,300 | 18,100 | 10,200 | 13,100 | 14,600 |
Acquisitions of noncontrolling interests | ||||||||||||
- | - | - | 20,000 | 0 | 95,700 | 80,000 | 0 | 0 | - | - | - | - |
Transactions with noncontrolling interests | ||||||||||||
0 | 0 | 500 | 0 | 0 | 3,000 | 9,900 | 15,400 | 12,900 | 11,000 | 13,400 | 12,500 | 10,200 |
Net proceeds received from initial public offering of FMC Lithium | ||||||||||||
0 | 364,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Dividends paid | ||||||||||||
210,300 | 89,200 | 88,800 | 88,600 | 86,400 | 78,100 | 73,600 | 47,800 | 41,200 | 36,400 | 36,300 | 34,400 | 29,700 |
Excess tax benefits from share-based compensation | ||||||||||||
- | - | - | 400 | 1,400 | 4,700 | 7,100 | 9,700 | 7,400 | 56,300 | 0 | 0 | - |
Contingent consideration paid | ||||||||||||
- | - | - | - | - | - | -1,000 | -2,500 | 0 | 0 | -400 | 0 | 0 |
Repurchases of common stock under publicly announced program | ||||||||||||
400,000 | 200,000 | 0 | 11,200 | 0 | 0 | 359,900 | 144,900 | 165,100 | 135,000 | 35,000 | 186,900 | 116,400 |
Other repurchases of common stock | ||||||||||||
16,200 | 6,800 | 2,600 | 1,800 | 3,700 | 4,700 | 7,100 | 4,100 | 4,200 | 2,700 | 1,600 | - | - |
Cash provided (required) by financing activities | ||||||||||||
- | - | - | -377,000 | - | - | - | - | - | - | - | - | - |
Cash provided (required) by financing activities of continuing operations | ||||||||||||
-87,000 | -397,300 | 1,213,100 | - | -16,700 | -349,900 | 371,200 | -48,200 | -25,300 | -116,600 | -77,800 | -137,500 | -243,400 |
Cash provided (required) by financing activities of discontinued operations: | ||||||||||||
Proceeds from borrowing of long-term debt | ||||||||||||
0 | 34,000 | 0 | - | - | - | - | - | - | - | - | - | - |
Payment of Livent external debt | ||||||||||||
27,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Cash transfer to Livent due to spin | ||||||||||||
10,200 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Cash provided (required) by financing activities of discontinued operations | ||||||||||||
-37,200 | 34,000 | 0 | - | - | - | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
-200 | 4,500 | 4,000 | 0 | -4,800 | -2,200 | -600 | 300 | -600 | 1,000 | 1,200 | -1,500 | 4,400 |
Increase (decrease) in cash and cash equivalents | ||||||||||||
177,400 | -121,300 | 218,800 | -14,400 | -30,900 | -13,700 | 46,100 | -81,800 | -2,600 | 84,900 | 24,200 | -23,100 | -90,000 |
Income tax payments | ||||||||||||
- | - | - | - | 340,300 | - | - | - | - | - | - | - | - |