| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
694,100 | 271,100 | 182,700 | 84,300 | |||
Adjustments to reconcile net income to net cash provided by operations: | ||||||
Depreciation and amortization | ||||||
222,200 | 218,500 | 212,200 | 240,800 | |||
Non-cash currency transaction gain on debt and hedging instruments | ||||||
16,800 | 45,500 | -57,400 | -3,100 | |||
Premium paid on redemption of long-term debt | ||||||
0 | 27,000 | 0 | 0 | |||
Other net non-cash financing costs | ||||||
27,400 | 65,600 | 47,600 | 13,700 | |||
Share-based compensation expense | ||||||
15,000 | 6,000 | 5,400 | 4,200 | |||
Decrease in post-employment benefit obligations, net | ||||||
-9,400 | -4,600 | -7,400 | -5,800 | |||
Deferred income taxes | ||||||
-648,400 | -64,900 | -162,800 | -54,300 | |||
Impairments of intangibles and other assets | ||||||
- | - | - | 3,200 | |||
Loss (gain) on disposal of businesses | ||||||
- | - | - | 10,100 | |||
Other operating activities | ||||||
6,000 | 4,800 | 5,500 | 800 | |||
Changes in operating assets and liabilities, net of effects of acquisitions: | ||||||
—Increase in accounts receivable | ||||||
-41,800 | 49,600 | 24,600 | 44,800 | |||
—Increase in inventories | ||||||
-65,100 | 96,100 | 45,400 | -39,500 | |||
—Increase (decrease) in accounts payable | ||||||
-48,200 | 42,100 | 49,900 | 50,200 | |||
—Increase in prepaid expenses and other assets | ||||||
2,600 | 27,500 | -2,300 | 2,100 | |||
—(Decrease) increase in taxes payable | ||||||
46,200 | -15,300 | 6,500 | 35,000 | |||
—Increase (decrease) in other liabilities | ||||||
-43,500 | -18,100 | -9,400 | 19,000 | |||
Net cash provided by (used in) operations | ||||||
348,900 | 313,500 | 319,900 | 376,700 | |||
Cash flows from investing activities | ||||||
Purchases of property, plant and equipment | ||||||
72,100 | 166,100 | 101,100 | 59,000 | |||
Purchases of intangible assets | ||||||
11,000 | 16,600 | 10,000 | 9,100 | |||
Cash paid under corporate-owned life insurance policies | ||||||
10,700 | 10,300 | 9,500 | 5,100 | |||
Cash received under corporate-owned life insurance policies | ||||||
12,000 | 2,900 | 3,100 | - | |||
Proceeds from the sale of property, plant and equipment | ||||||
- | - | - | 5,200 | |||
Purchase of businesses, net of cash acquired | ||||||
0 | 50,900 | 110,700 | 0 | |||
Other investing activities | ||||||
-3,800 | 2,600 | -1,200 | -100 | |||
Net cash used in investing activities | ||||||
-78,000 | -243,600 | -227,000 | -67,900 | |||
Cash flows from financing activities | ||||||
Issuance of shares, net of underwriting costs | ||||||
1,800 | 799,700 | 600 | 1,100 | |||
Other offering costs | ||||||
0 | 8,600 | 2,300 | 0 | |||
Buy-back of shares | ||||||
0 | 0 | 1,600 | 2,000 | |||
Proceeds from long-term debt | ||||||
568,000 | 0 | 644,700 | 100 | |||
Payments of long-term debt | ||||||
593,100 | 933,500 | 676,900 | 67,300 | |||
Premium paid on redemption of long-term debt | ||||||
0 | 27,000 | 0 | 0 | |||
Debt issuance costs paid | ||||||
8,300 | 0 | 18,800 | 0 | |||
Dividends paid to non-controlling interests | ||||||
28,800 | 35,200 | 24,600 | 38,900 | |||
Other financing activities | ||||||
1,100 | 5,700 | 3,600 | -3,800 | |||
Net cash used in financing activities | ||||||
-59,300 | -198,900 | -75,300 | -110,800 | |||
Effect of exchange rate changes on cash and cash equivalents and restricted cash | ||||||
400 | -12,400 | 19,600 | -9,400 | |||
Net decrease in cash and cash equivalents and restricted cash | ||||||
212,000 | -141,400 | 37,200 | 188,600 | |||
Supplemental schedule of cash flow information | ||||||
Interest paid | ||||||
150,800 | 157,900 | 198,000 | 198,800 | |||
Income taxes paid, net | ||||||
108,800 | 114,000 | 84,800 | 41,700 | |||
Accrued capital expenditures | ||||||
1,800 | 1,000 | 1,700 | 3,900 | |||