| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||||||
Net income | ||||||||||
112,200 | 85,000 | 61,800 | 81,300 | 119,500 | 84,100 | 77,800 | 66,900 | 47,100 | 73,700 | 6,400 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
47,600 | 49,600 | 50,400 | 38,100 | 35,200 | 29,100 | 20,400 | 11,500 | 14,400 | 15,400 | 18,400 |
Impairment of Octane Additives segment goodwill | ||||||||||
- | - | - | - | - | - | 1,300 | 1,200 | 2,000 | 2,200 | 2,200 |
Adjustment to fair value of contingent consideration | ||||||||||
- | - | - | -9,400 | -40,700 | -1,900 | 0 | 0 | - | - | - |
Loss on disposal of subsidiary | ||||||||||
0 | 0 | -900 | -1,400 | 1,600 | 0 | 0 | - | - | - | - |
Foreign exchange loss on liquidation of subsidiary | ||||||||||
0 | 0 | -1,800 | 0 | 0 | - | - | - | - | - | - |
Deferred tax expense | ||||||||||
-800 | 5,500 | -6,700 | 900 | 12,000 | 5,800 | 5,800 | 12,100 | -4,600 | -14,900 | -2,400 |
Excess tax benefit from stock-based payment arrangements | ||||||||||
- | - | - | - | - | 400 | 3,800 | 2,200 | 1,100 | 0 | 100 |
Profit on disposal of property, plant and equipment, net | ||||||||||
- | - | - | - | - | - | - | - | 0 | 100 | 0 |
Cash contributions to defined benefit pension plans | ||||||||||
400 | 1,000 | 1,000 | 1,100 | 9,000 | 11,600 | 11,000 | 9,400 | 9,500 | 15,600 | 6,200 |
Non-cash movements on defined benefit pension plans | ||||||||||
-6,100 | -4,300 | -3,600 | -6,200 | 500 | 3,800 | 3,000 | 2,000 | 3,400 | 19,000 | 6,400 |
Stock option compensation | ||||||||||
6,600 | 4,900 | 4,100 | 3,300 | 3,700 | 2,600 | 2,500 | 3,100 | 3,100 | 800 | 1,500 |
Repayment of promissory note in civil complaint settlement | ||||||||||
- | - | - | - | - | 5,000 | 5,000 | 5,000 | -15,000 | -10,000 | - |
Non-cash issue of treasury stock in civil complaint settlement | ||||||||||
- | - | - | - | - | - | - | - | 5,000 | 0 | 0 |
(Repayment)/issue of promissory note in civil complaint settlement | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 |
Changes in assets and liabilities, net of effects of acquired and divested companies: | ||||||||||
Trade and other accounts receivable | ||||||||||
18,200 | 40,100 | 83,200 | 6,000 | -13,600 | 900 | 1,400 | 14,100 | 15,300 | -4,800 | -1,200 |
Inventories | ||||||||||
-2,400 | 42,200 | 30,800 | -7,700 | -5,500 | 11,100 | 10,100 | 1,000 | 14,300 | 2,300 | -18,900 |
Prepaid expenses | ||||||||||
3,100 | -500 | 6,800 | -500 | -1,800 | 1,300 | 500 | -100 | 0 | 200 | -500 |
Accounts payable and accrued liabilities | ||||||||||
23,200 | 38,400 | 48,600 | -3,400 | -24,500 | 500 | -4,400 | -5,500 | -13,700 | -11,500 | 53,100 |
Accrued income taxes | ||||||||||
-2,400 | -6,100 | 47,500 | -2,000 | 2,000 | 14,900 | -14,700 | 1,000 | -4,100 | -100 | 16,500 |
Plant closure provisions | ||||||||||
0 | 3,600 | 3,800 | 1,900 | 4,100 | 1,900 | 1,900 | 1,800 | 1,100 | -800 | 1,500 |
Unrecognized tax benefits | ||||||||||
-2,500 | -11,500 | 500 | 1,600 | 2,300 | 6,800 | -200 | -200 | -4,000 | 10,800 | - |
Other assets and liabilities | ||||||||||
1,900 | 400 | 3,600 | -100 | 1,600 | -2,600 | 700 | 1,400 | -2,200 | 1,400 | 30,500 |
Net cash provided by operating activities | ||||||||||
161,600 | 104,900 | 82,700 | 105,500 | 118,200 | 106,300 | 61,300 | 61,300 | 34,700 | 58,200 | 87,400 |
Capital expenditures | ||||||||||
29,900 | 28,900 | 23,300 | 16,500 | 17,600 | 13,500 | 11,000 | 8,600 | 7,000 | 8,800 | 7,200 |
Business combinations, net of cash acquired | ||||||||||
0 | 5,400 | -2,600 | 197,400 | 0 | 98,700 | 94,400 | 53,100 | 0 | 0 | - |
Acquisition of intangible asset | ||||||||||
0 | 0 | 4,200 | 0 | 0 | - | 9,400 | 8,500 | 3,100 | 0 | 0 |
Proceeds from disposal of subsidiary | ||||||||||
- | - | - | - | 41,500 | 0 | 0 | - | - | - | - |
Internally developed software | ||||||||||
1,100 | 1,200 | 4,700 | 0 | 8,600 | 8,400 | - | - | - | - | - |
Net cash used in investing activities | ||||||||||
-31,000 | -35,500 | -29,600 | -209,100 | 15,000 | -119,000 | -116,100 | -70,300 | -10,700 | -12,800 | -7,200 |
Cash Flows from Financing Activities | ||||||||||
Proceeds on disposal of property, plant and equipment | ||||||||||
- | - | - | - | - | - | - | - | 0 | 200 | 0 |
Purchase of short-term investments | ||||||||||
- | - | - | - | 6,700 | 5,000 | 7,000 | 5,000 | 5,000 | 7,500 | 0 |
Sale of short-term investments | ||||||||||
- | - | - | 4,800 | 6,400 | 6,600 | 5,700 | 4,900 | 4,400 | 3,300 | 0 |
Non-controlling interest | ||||||||||
- | - | - | - | 300 | 0 | 0 | - | - | - | - |
Proceeds from revolving credit facility | ||||||||||
105,500 | 10,000 | 10,000 | 48,000 | 6,000 | 53,000 | 145,000 | 18,000 | 51,000 | - | - |
Repayments of revolving credit facility | ||||||||||
171,500 | 5,000 | 50,000 | 20,000 | 12,000 | 56,000 | 23,000 | 18,000 | 38,000 | - | - |
Repayment of term loans | ||||||||||
-82,500 | -16,500 | -11,000 | 110,000 | 0 | 0 | - | - | - | - | 50,000 |
Repayments of finance leases | ||||||||||
1,700 | 2,700 | 2,500 | 1,100 | 400 | 1,700 | - | - | - | - | - |
Repayments of term loans | ||||||||||
- | - | - | - | - | - | 200 | 0 | 40,000 | - | 55,000 |
Net receipt/(repayment) of revolving credit facility | ||||||||||
- | - | - | - | - | - | - | - | - | 6,000 | -17,000 |
Refinancing costs | ||||||||||
1,500 | 0 | 0 | 1,200 | 1,500 | 100 | 900 | 0 | 1,700 | 0 | 3,700 |
Payment for acquisition-related contingent consideration | ||||||||||
- | - | - | 44,000 | 0 | 0 | - | - | - | - | - |
Excess tax benefit from stock-based payment arrangements | ||||||||||
- | - | - | - | - | 400 | 3,800 | 2,200 | 1,100 | 0 | 100 |
Dividend paid | ||||||||||
25,000 | 21,700 | 18,600 | 15,900 | 14,900 | 13,400 | 12,000 | 46,700 | 0 | 0 | 1,200 |
Issue of treasury stock | ||||||||||
1,200 | 1,100 | 6,800 | 2,100 | 1,000 | 400 | 3,800 | 1,200 | 700 | 200 | 200 |
Repurchase of common stock | ||||||||||
2,400 | 1,400 | 1,100 | 8,400 | 15,300 | 6,900 | 3,700 | 1,400 | 28,100 | 2,700 | 0 |
Net cash used in financing activities | ||||||||||
-177,900 | -36,200 | -66,400 | 69,500 | -36,800 | -24,300 | 112,800 | -44,700 | -55,000 | -6,500 | -26,600 |
Effect of foreign currency exchange rate changes on cash | ||||||||||
-100 | -300 | 1,600 | -900 | -1,100 | -1,600 | -200 | -100 | 100 | -400 | 1,100 |
Net change in cash and cash equivalents | ||||||||||
-47,400 | 32,900 | -11,700 | -35,000 | 95,300 | -38,600 | 57,800 | -53,800 | -30,900 | 38,500 | 54,700 |