| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | ||
|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||
Net income (loss) | ||||||
62,971 | 141,907 | 8,122 | 377,181 | 90,918 | ||
Adjustments to reconcile net income (loss) to cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
133,969 | 125,100 | 111,273 | 107,995 | 95,196 | ||
Deferred income taxes | ||||||
21,838 | -35,804 | 96,224 | -265,756 | -18,862 | ||
(Gain) loss on sale of business units, property and equipment | ||||||
1,377 | -845 | -206 | 3,275 | 414 | ||
Asset Impairment Charges | ||||||
6,625 | 1,230 | 1,479 | 5,221 | 4,268 | ||
Equity earnings in non-consolidated entities | ||||||
0 | 738 | 3,639 | 3,791 | 2,384 | ||
Amortization of deferred financing costs | ||||||
1,971 | 2,107 | 9,422 | 3,980 | 4,261 | ||
Loss on extinguishment of debt | ||||||
0 | 0 | -23,262 | 0 | 0 | ||
Non-cash gain on previously held shares of an equity investment | ||||||
0 | 20,767 | 0 | 0 | - | ||
Stock-based compensation | ||||||
13,315 | 15,052 | 19,785 | 22,464 | 15,620 | ||
Contributions to U.S. pension plan | ||||||
-7,760 | -4,125 | -10,000 | 0 | -14,320 | ||
Amortization of U.S. pension expense | ||||||
8,919 | 9,314 | 12,680 | 12,264 | 12,803 | ||
Other items, net | ||||||
-3,320 | 2,263 | -6,873 | -5,283 | 1,820 | ||
Net change in operating assets and liabilities, net of effect of acquisitions: | ||||||
Accounts receivable | ||||||
-8,426 | -16,507 | -1,295 | 79,860 | 3,904 | ||
Inventories | ||||||
-4,190 | 33,092 | 30,518 | -14,749 | -10,951 | ||
Other assets | ||||||
-6,938 | 18,966 | 5,673 | 10,799 | 6,983 | ||
Accounts payable and accrued expenses | ||||||
37,611 | 39,540 | 26,740 | 27,569 | -28,225 | ||
Change in short term and long-term tax liabilities | ||||||
8,393 | -20,720 | 12,008 | -1,004 | 11,634 | ||
Net cash used in operating activities | ||||||
302,709 | 219,653 | 265,793 | 201,655 | 172,379 | ||
INVESTING ACTIVITIES | ||||||
Purchases of property and equipment | ||||||
101,506 | 97,399 | 59,599 | 74,033 | 74,978 | ||
Proceeds from sale of business units, property and equipment | ||||||
8,632 | 1,973 | 2,713 | 7,614 | 4,680 | ||
Purchase of intangible assets | ||||||
34,686 | 21,301 | 3,450 | 5,464 | 2,709 | ||
Purchases of businesses, net of cash acquired | ||||||
57,799 | 167,688 | 131,448 | 85,866 | 86,695 | ||
Cash received for notes receivable | ||||||
411 | 274 | 1,991 | 967 | 1,250 | ||
Net cash used in investing activities | ||||||
-184,948 | -284,141 | -189,793 | -156,782 | -158,452 | ||
FINANCING ACTIVITIES | ||||||
Proceeds from Long-term Lines of Credit | ||||||
13,101 | 70,468 | 389,665 | 349,836 | 449,132 | ||
Payments of Dividends | ||||||
- | - | - | 404,198 | 419,216 | ||
Payments of notes payable | ||||||
0 | 0 | 205 | 180 | 3,420 | ||
Employee note repayments | ||||||
0 | 39 | 26 | 2,336 | 15,073 | ||
Contingent consideration for acquisitions | ||||||
0 | 3,701 | 0 | - | - | ||
Common stock issued for exercise of options | ||||||
1,977 | 201 | 1,029 | 1,187 | 2,006 | ||
Common stock repurchased | ||||||
19,994 | 125,030 | 0 | 0 | 44,647 | ||
Payments to tax authorities for employee share-based compensation | ||||||
1,495 | 9,452 | 25,335 | 982 | 0 | ||
Proceeds from sale of common stock, net of underwriting fees and commissions | ||||||
0 | 0 | 480,306 | 0 | 0 | ||
Payments associated with initial public offering | ||||||
0 | 0 | 2,066 | 0 | 0 | ||
Net cash provided by financing activities | ||||||
-6,411 | -67,475 | 64,090 | -52,001 | -1,072 | ||
Effect of foreign currency exchange rates on cash | ||||||
903 | -6,648 | 12,692 | -3,697 | -4,786 | ||
Net decrease in cash and cash equivalents | ||||||
112,253 | -138,611 | 152,782 | -10,825 | 8,069 | ||