| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||||
Net income (loss) | |||||||||||
52,415 | -96,581 | 60,249 | 35,053 | 15,003 | -22,300 | -150,934 | 110,224 | -506,196 | 108,471 | -3,450 | 19,811 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
114,400 | 122,497 | 63,215 | 68,318 | 75,993 | 98,139 | 99,246 | 109,471 | 129,466 | 131,205 | 155,737 | 173,673 |
Non-cash operating lease expense | |||||||||||
18,958 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||||
26,960 | 31,263 | 21,407 | 18,035 | 14,089 | 17,860 | 18,850 | 19,512 | 16,411 | 19,107 | 16,982 | 16,582 |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Amortization of prepaid debt fees | |||||||||||
5,631 | 7,046 | 1,067 | 1,076 | 2,128 | 1,612 | 1,657 | 1,597 | 5,715 | 5,492 | 8,258 | 8,917 |
Amortization of convertible debt discount | |||||||||||
- | - | - | - | - | - | - | - | 5,336 | 10,099 | 9,673 | 13,442 |
Loss on extinguishment of debt | |||||||||||
- | - | - | - | - | - | - | - | - | - | 9,960 | - |
Deferred taxes, net | |||||||||||
192 | 19,130 | -50,667 | -13,790 | -1,488 | 34,757 | 25,308 | 6,775 | 12,985 | 17,992 | 64,216 | -43,317 |
Goodwill impairment | |||||||||||
- | - | - | - | - | - | 174,226 | 0 | 584,847 | 0 | 0 | - |
Restructuring, non-cash | |||||||||||
-1,785 | 859 | -2,297 | 7,188 | 976 | 5,172 | 1,259 | -4,839 | 25,144 | 0 | 0 | - |
Other adjustments, net | |||||||||||
4,295 | -1,452 | -3,673 | -4,309 | -2,003 | -914 | -551 | 189 | 44 | -1,864 | -4,303 | -2,177 |
Changes in operating assets and liabilities, net of acquisitions | |||||||||||
Accounts receivable | |||||||||||
39,467 | -15,524 | 17,573 | 27,162 | 9,009 | 15,119 | -11,732 | -36,300 | 22,770 | 45,612 | 2,962 | -19,864 |
Inventories | |||||||||||
9,389 | 25,613 | 16,242 | -22,343 | 52,737 | -7,208 | 12,391 | -28,253 | -6,389 | 41,417 | -3,535 | -4,914 |
Other current assets | |||||||||||
31,128 | 23,589 | -8,112 | -20,705 | -12,512 | 10,947 | 9,950 | 20,052 | 3,859 | 7,655 | 14,244 | - |
Other long-term assets | |||||||||||
-7,053 | -3,020 | -11,230 | 339 | 3,721 | 12,540 | 2,298 | -10,578 | 17,401 | 8,436 | 4,665 | - |
Accounts payable, other current liabilities, and taxes payable | |||||||||||
9,177 | 20,101 | 78,463 | -37,312 | -7,060 | 56,158 | -4,466 | -47,367 | 22,715 | 40,884 | 9,873 | -6,549 |
Wages and benefits payable | |||||||||||
30,835 | -9,565 | 1,926 | 7,808 | -10,866 | 7,502 | -1,822 | -8,967 | -19,813 | 42,245 | -8,261 | 7,708 |
Unearned revenue | |||||||||||
8,905 | 27,584 | -41,309 | -25,810 | 11,943 | 30,584 | 8,744 | 12,009 | 19,070 | -2,356 | 14,836 | 3,936 |
Warranty | |||||||||||
-6,637 | 20,815 | -10,554 | -10,246 | 20,161 | -7,297 | -6,546 | -25,919 | 29,616 | 14,656 | -5,273 | -2,242 |
Other operating, net | |||||||||||
8,601 | -34,072 | 20,680 | -18,086 | -447 | -10,784 | -2,871 | 8,746 | 9,283 | -4,036 | -10,701 | -21,416 |
Net cash provided by operating activities | |||||||||||
172,840 | 109,755 | 191,354 | 115,842 | 73,350 | 132,973 | 105,421 | 205,090 | 252,358 | 254,591 | 140,787 | 193,146 |
Investing activities | |||||||||||
Acquisitions of property, plant, and equipment | |||||||||||
60,749 | 59,952 | 49,495 | 43,543 | 43,918 | 44,495 | 60,020 | 50,543 | 60,076 | 62,822 | 52,906 | 63,430 |
Business acquisitions, net of cash equivalents acquired | |||||||||||
0 | 803,075 | 99,386 | 951 | 5,754 | 0 | 860 | 79,017 | 20,092 | 0 | 4,317 | 6,897 |
Other investing, net | |||||||||||
-12,569 | -369 | -702 | 3,034 | -721 | -2,999 | -4,109 | -4,115 | -1,427 | -6,548 | -3,229 | -3,252 |
Net cash used in investing activities | |||||||||||
-48,180 | -862,658 | -148,179 | -47,528 | -48,951 | -41,496 | -56,771 | -125,445 | -78,741 | -56,274 | -53,994 | -67,075 |
Financing activities | |||||||||||
Proceeds from borrowings | |||||||||||
50,000 | 778,938 | 335,000 | 15,877 | 113,467 | 47,657 | 35,000 | 80,000 | 670,000 | 0 | 0 | - |
Payments on debt | |||||||||||
137,657 | 363,359 | 29,063 | 79,119 | 62,998 | 102,438 | 73,750 | 115,002 | 848,054 | 155,163 | 275,796 | 388,371 |
Issuance of common stock | |||||||||||
24,390 | 9,171 | 3,609 | 2,891 | 2,663 | 3,647 | 5,299 | 4,781 | 4,625 | 8,776 | 166,372 | 324,494 |
Repurchase of common stock | |||||||||||
25,000 | 0 | 0 | - | 38,283 | 39,665 | 26,977 | 47,441 | 29,428 | 0 | 0 | - |
Prepaid debt fees | |||||||||||
1,560 | 24,042 | 0 | 0 | - | - | - | - | - | - | - | 214 |
Other financing, net | |||||||||||
-7,692 | -4,887 | -7,587 | -2,672 | -7,109 | -1,078 | 2,990 | 134 | -6,596 | -2,250 | -4,697 | 715 |
Net cash provided by (used in) financing activities | |||||||||||
-97,519 | 395,821 | 301,959 | -63,023 | 7,740 | -91,877 | -57,438 | -77,528 | -209,453 | -148,637 | -114,121 | -63,376 |
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | |||||||||||
435 | -7,925 | 8,636 | -2,744 | -13,492 | -12,034 | -2,818 | 1,208 | -555 | -2,096 | 4,831 | -10,293 |
Increase (decrease) in cash, cash equivalents, and restricted cash | |||||||||||
27,576 | -365,007 | 353,770 | 2,547 | 18,647 | -12,434 | -11,606 | 3,325 | -36,391 | 47,584 | -22,497 | 52,402 |
Non-cash transactions: | |||||||||||
Property, plant, and equipment purchased but not yet paid | |||||||||||
- | - | - | - | - | - | - | 8,843 | 6,739 | 5,995 | 3,719 | - |
Exchange of debt (face value) for common stock (see Note 6) | |||||||||||
- | - | - | - | - | - | - | - | - | - | 120,984 | - |
Supplemental disclosure of cash flow information: | |||||||||||
Contingent consideration payable for previous acquisitions | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,295 |
Income taxes, net | |||||||||||
12,041 | 13,771 | 28,969 | 24,287 | 29,189 | 18,222 | 18,659 | 40,799 | 28,128 | 30,142 | 31,720 | 26,377 |
Interest | |||||||||||
44,788 | 42,347 | 10,106 | 9,921 | 10,198 | 9,912 | 9,026 | 8,536 | 28,047 | 39,315 | 54,503 | 72,304 |