| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash provided by operating activities | |||||||||||
Net income | |||||||||||
424,000 | 454,000 | 532,000 | 496,000 | 412,000 | 363,000 | 403,000 | 434,000 | 423,000 | 176,000 | 47,000 | 275,000 |
Non-cash charges to net income: | |||||||||||
Depreciation and amortization | |||||||||||
220,000 | 247,000 | 209,000 | 196,000 | 194,000 | 195,000 | 194,000 | 211,000 | 211,000 | 155,000 | 130,000 | 128,000 |
Mechanical stores expense | |||||||||||
57,000 | 57,000 | 57,000 | 57,000 | 57,000 | - | - | - | - | - | - | - |
Deferred income taxes | |||||||||||
3,000 | -23,000 | 67,000 | -5,000 | -6,000 | -11,000 | 30,000 | -3,000 | 18,000 | -30,000 | - | 12,000 |
Write-off of impaired assets | |||||||||||
- | - | - | - | 10,000 | 33,000 | - | 24,000 | - | 19,000 | 124,000 | - |
Gain on sale of plant | |||||||||||
- | - | - | - | 10,000 | - | - | - | - | - | - | - |
Charge for fair value markup of acquired inventory | |||||||||||
- | - | 9,000 | - | 10,000 | - | - | - | - | 27,000 | - | - |
Gain from change in benefit plans | |||||||||||
- | - | - | - | - | - | - | - | 30,000 | - | - | - |
Bridge loan financing cost charge | |||||||||||
- | - | - | - | - | - | - | - | - | 20,000 | - | - |
Stock option expense | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 5,000 |
Foreign currency transaction losses (gains) | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 9,000 |
Other | |||||||||||
33,000 | 39,000 | 39,000 | 44,000 | 39,000 | 68,000 | 74,000 | 55,000 | - | 18,000 | -28,000 | - |
Changes in working capital: | |||||||||||
Accounts receivable and prepaid expenses | |||||||||||
61,000 | 70,000 | 44,000 | 131,000 | 29,000 | 15,000 | 69,000 | -22,000 | 134,000 | 45,000 | 3,000 | 43,000 |
Inventories | |||||||||||
43,000 | 50,000 | 34,000 | 19,000 | -9,000 | 6,000 | -76,000 | 69,000 | 149,000 | 51,000 | -82,000 | 91,000 |
Accounts payable and accrued liabilities | |||||||||||
51,000 | -3,000 | -49,000 | 127,000 | 30,000 | 66,000 | -78,000 | 80,000 | 27,000 | 123,000 | -64,000 | -29,000 |
Margin accounts | |||||||||||
1,000 | -5,000 | -6,000 | -15,000 | 34,000 | -39,000 | -14,000 | - | 78,000 | -18,000 | -242,000 | 295,000 |
Other | |||||||||||
-3,000 | 47,000 | -23,000 | -9,000 | 4,000 | -1,000 | -25,000 | -22,000 | 12,000 | - | - | -19,000 |
Deposit with tax authority | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 13,000 |
Cash provided by operating activities | |||||||||||
680,000 | 703,000 | 769,000 | 771,000 | 686,000 | 731,000 | 619,000 | 732,000 | 300,000 | 394,000 | 586,000 | -79,000 |
Capital expenditures and mechanical stores purchases | |||||||||||
328,000 | 350,000 | 314,000 | 284,000 | 280,000 | 276,000 | 298,000 | 313,000 | 263,000 | 159,000 | 146,000 | 228,000 |
Payments for acquisitions, net of cash acquired of $ - and $4, respectively | |||||||||||
42,000 | - | 17,000 | 407,000 | 434,000 | - | - | - | 15,000 | 1,272,000 | 4,000 | - |
Investment in non-consolidated affiliates | |||||||||||
10,000 | 15,000 | - | 2,000 | - | - | - | - | - | - | - | - |
Short-term investments | |||||||||||
-3,000 | -1,000 | 3,000 | -1,000 | -27,000 | 34,000 | -19,000 | 18,000 | - | - | - | - |
Proceeds from disposal of plants and properties | |||||||||||
2,000 | 1,000 | 8,000 | 3,000 | 38,000 | 5,000 | 3,000 | 9,000 | 3,000 | 3,000 | 5,000 | 9,000 |
Proceeds from sale of investment | |||||||||||
- | - | - | - | - | -11,000 | - | - | - | - | - | - |
Other | |||||||||||
-1,000 | -2,000 | - | - | - | - | -2,000 | - | -2,000 | - | - | - |
Cash used for investing activities | |||||||||||
-374,000 | -361,000 | -326,000 | -689,000 | -649,000 | -294,000 | -274,000 | -322,000 | -273,000 | -1,428,000 | -145,000 | -219,000 |
Cash used for financing activities | |||||||||||
Proceeds from borrowings | |||||||||||
1,209,000 | 987,000 | 1,144,000 | 1,000,000 | 1,388,000 | 231,000 | 21,000 | 312,000 | 182,000 | 1,289,000 | 8,000 | 313,000 |
Payments on debt | |||||||||||
1,465,000 | 738,000 | 1,240,000 | 874,000 | 1,366,000 | 213,000 | 53,000 | 462,000 | 22,000 | 77,000 | 340,000 | 56,000 |
Bridge loan financing costs | |||||||||||
- | - | - | - | - | - | - | - | - | 20,000 | - | - |
Debt issuance costs | |||||||||||
- | - | - | 6,000 | - | - | - | 5,000 | - | 15,000 | - | - |
Repurchases of common stock, net | |||||||||||
63,000 | -657,000 | -123,000 | -8,000 | 41,000 | 304,000 | 228,000 | 18,000 | 48,000 | 5,000 | 3,000 | 1,000 |
Issuances of common stock for share-based compensation, net of settlements | |||||||||||
3,000 | 1,000 | 9,000 | 29,000 | 21,000 | 20,000 | 14,000 | 34,000 | 18,000 | 22,000 | 4,000 | 11,000 |
Dividends paid, including to non-controlling interests | |||||||||||
174,000 | 182,000 | 165,000 | 141,000 | 126,000 | 128,000 | 112,000 | 69,000 | 50,000 | 45,000 | 45,000 | 42,000 |
Excess tax benefit on share-based compensation | |||||||||||
- | - | - | - | 8,000 | 6,000 | 5,000 | 11,000 | 6,000 | 6,000 | 1,000 | 5,000 |
Cash provided by financing activities | |||||||||||
-364,000 | -589,000 | -375,000 | - | -116,000 | -388,000 | -353,000 | -197,000 | 86,000 | 1,155,000 | -375,000 | 230,000 |
Effects of foreign exchange rate changes on cash | |||||||||||
-5,000 | -21,000 | 15,000 | -4,000 | -67,000 | -43,000 | -27,000 | -5,000 | -14,000 | 6,000 | 2,000 | - |
Increase (decrease) in cash and cash equivalents | |||||||||||
-63,000 | -268,000 | 83,000 | 78,000 | -146,000 | 6,000 | -35,000 | 208,000 | 99,000 | 127,000 | 68,000 | -68,000 |