| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
124,565 | 103,072 | 103,201 | 49,515 | 4,156 | 25,366 | |
Adjustments to reconcile net income to cash used in operating activities | ||||||
Depreciation and amortization | ||||||
43,002 | 40,496 | 40,871 | 40,834 | 41,702 | 43,159 | |
Unrealized foreign exchange gains | ||||||
-215 | -3,960 | 4,028 | 2,347 | -2,933 | -133 | |
Amortization of debt issuance costs | ||||||
1,884 | 1,409 | 1,321 | 3,378 | 5,157 | 3,752 | |
Amortization of discount on bonds payable | ||||||
- | - | - | 3,963 | 4,142 | 4,093 | |
Fair Value Adjustment of Warrants | ||||||
- | - | - | 6,112 | 28,364 | -1,887 | |
Share-based compensation | ||||||
10,975 | 18,563 | 15,285 | 14,494 | 2,033 | 632 | |
Gain on disposals of property, plant and equipment | ||||||
-13 | -128 | -912 | -170 | -401 | -690 | |
Deferred income taxes | ||||||
8,474 | 15,541 | 21,272 | 7,849 | 2,188 | -11,293 | |
Changes in operating assets and liabilities | ||||||
Accounts receivable | ||||||
27,092 | -571 | 2,592 | -12,630 | 174 | 35,594 | |
Inventories | ||||||
25,168 | -805 | 28,372 | 2,377 | 45,415 | - | |
Inventories | ||||||
- | - | - | - | - | 16,192 | |
Accounts payable | ||||||
10,851 | -5,789 | 974 | 1,968 | -1,998 | -2,585 | |
Accrued taxes | ||||||
2,655 | 4,311 | -10,283 | 14,666 | 540 | -881 | |
Other assets and liabilities | ||||||
16,091 | 19,334 | 165,598 | 34,016 | - | - | |
Accrued expenses and other liabilities | ||||||
- | - | - | - | 35,364 | 3,442 | |
Other assets | ||||||
- | - | - | - | -1,165 | 11,376 | |
Other noncurrent liabilities | ||||||
- | - | - | - | 12,278 | 53,739 | |
Interest due to related parties | ||||||
- | - | - | -12,570 | -1,006 | -1,085 | |
Cash flows used in operating activities | ||||||
134,283 | 163,733 | -27,037 | 104,269 | 91,830 | - | |
Cash flows used in operating activities | ||||||
- | - | - | - | - | 54,113 | |
Cash flows from investing activities | ||||||
Additions to property, plant and equipment | ||||||
32,956 | 32,801 | 18,845 | 19,175 | 23,201 | 23,527 | |
Business acquisitions, net of cash acquired | ||||||
28,104 | 16,902 | 0 | 0 | - | - | |
Cash flows used in investing activities | ||||||
-61,060 | -49,703 | -18,845 | -19,175 | -23,201 | - | |
Cash flows used in investing activities | ||||||
- | - | - | - | - | -23,527 | |
Cash flows from financing activities | ||||||
Proceeds from short-term borrowings, net | ||||||
54,115 | - | - | 747 | - | - | |
Repayments of delayed draw term loan A facility | ||||||
54,375 | 40,625 | 5,000 | - | - | - | |
Repayment of delayed draw term loan A facility | ||||||
- | - | - | 0 | - | - | |
Repayments of term loan facility | ||||||
- | - | - | 4,688 | - | - | |
Proceeds (repayments) of short-term borrowings, net | ||||||
- | 17,742 | 25,548 | - | - | - | |
Proceeds from term loan facility | ||||||
350,000 | 0 | 0 | - | - | - | |
Proceeds from short-term borrowings, net | ||||||
- | - | - | - | 7,890 | 8,177 | |
Proceeds from delayed draw term loan A facility | ||||||
0 | 0 | 100,000 | 0 | - | - | |
Repayments of term loan A facility | ||||||
330,469 | 21,094 | 18,750 | - | - | - | |
Repayments of delayed draw term loan A facility | ||||||
54,375 | 40,625 | 5,000 | - | - | - | |
Purchases of common stock | ||||||
29,352 | 0 | 0 | - | - | - | |
Proceeds from term loan A facility | ||||||
- | - | - | 375,000 | - | 30,000 | |
Repayment of senior term loan facility | ||||||
- | - | - | 30,000 | - | - | |
Repayment of secured floating rate notes | ||||||
- | - | - | 375,000 | 50,000 | 50,000 | |
Proceeds from exercise of stock options | ||||||
- | - | - | - | - | 100 | |
Proceeds from Warrant Exercises | ||||||
- | - | - | 34,503 | 34,503 | 34,503 | |
Repayment of bonds | ||||||
- | - | - | 34,503 | 34,503 | 34,503 | |
Debt issuance costs | ||||||
2,373 | 381 | 0 | 6,606 | - | 1,045 | |
Dividends paid on common stock | ||||||
43,490 | 39,057 | 35,744 | 0 | - | - | |
Dividends paid on Series A redeemable convertible preferred stock | ||||||
- | - | - | 17,316 | 13,747 | 13,786 | |
Dividends paid to noncontrolling interests | ||||||
3,354 | 7,350 | 4,800 | 4,800 | 4,200 | 3,600 | |
Payment of employee restricted stock tax withholdings | ||||||
11,030 | 2,634 | 903 | 0 | - | - | |
Cash flows provided by financing activities | ||||||
-70,328 | -128,883 | 9,255 | -62,663 | -60,057 | - | |
Effect of foreign exchange rate changes on cash and restricted cash | ||||||
275 | -1,855 | 5,209 | - | - | - | |
Net increase in cash and restricted cash | ||||||
3,170 | -16,708 | -31,418 | - | - | - | |
Cash flows provided by financing activities | ||||||
- | - | - | - | - | -30,154 | |
Effect of foreign exchange rate changes on cash | ||||||
- | - | - | -2,425 | -3,205 | -2,522 | |
Net increase (decrease) in cash | ||||||
- | - | - | 20,006 | 5,367 | -2,090 | |
Supplemental information | ||||||
Cash paid for interest to related parties | ||||||
- | - | - | 36,753 | 32,274 | 34,951 | |
Cash paid for interest to third parties | ||||||
18,218 | 18,344 | 15,488 | 27,165 | 20,571 | - | |
Cash paid for interest to third parties | ||||||
- | - | - | - | - | 21,656 | |
Cash paid for income taxes | ||||||
31,269 | 27,389 | 35,949 | 16,589 | 19,724 | 27,987 | |
Non-cash additions to property, plant and equipment | ||||||
2,820 | 2,568 | 2,876 | 1,170 | 1,913 | 2,577 | |
Treasury Stock, Value, Acquired, Cost Method, Share Repurchase Liability | ||||||
1,802 | 0 | 0 | - | - | - | |
Non-cash loan to noncontrolling interest (Note 21) | ||||||
4,392 | 0 | 0 | - | - | - | |
Non-cash conversion of Series A redeemable convertible preferred stock | ||||||
- | - | - | 131,036 | - | - | |
Debt Conversion, Converted Instrument, Amount | ||||||
- | - | - | 362,489 | - | - | |
Non-cash conversion of common stock warrants | ||||||
- | - | - | 28,996 | 7,298 | - | |
Non-cash exercise of stock options | ||||||
- | - | - | - | 2,752 | 793 | |