| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||||
Net income | ||||||||||||
977,000 | 1,344,000 | 1,254,000 | 700,000 | 614,000 | 633,000 | 1,808,000 | 961,000 | 864,000 | 1,280,000 | 1,208,000 | 1,146,000 | 1,102,000 |
Adjustments to reconcile net income to operating cash flows: | ||||||||||||
Depreciation and amortization | ||||||||||||
484,000 | 516,000 | 481,000 | 517,000 | 534,000 | 503,000 | 532,000 | 448,000 | 369,000 | 392,000 | 384,000 | 375,000 | 372,000 |
Postretirement benefit plan expense (benefit) | ||||||||||||
-89,000 | 170,000 | -427,000 | 198,000 | 320,000 | 803,000 | -1,078,000 | 419,000 | 684,000 | 67,000 | - | - | - |
Deferred income taxes | ||||||||||||
47,000 | 46,000 | -58,000 | -24,000 | -169,000 | -254,000 | 317,000 | -159,000 | -93,000 | 266,000 | -40,000 | 157,000 | -69,000 |
Stock compensation | ||||||||||||
56,000 | 59,000 | 66,000 | 63,000 | 51,000 | 37,000 | 34,000 | - | - | - | - | - | - |
Multi-employer pension plan exit liability | ||||||||||||
132,000 | 7,000 | 26,000 | - | - | - | - | - | - | - | - | - | - |
Venezuela deconsolidation | ||||||||||||
- | - | - | -72,000 | 0 | 0 | - | - | - | - | - | - | - |
Venezuela remeasurement | ||||||||||||
- | - | - | 11,000 | 169,000 | 0 | 15,000 | - | - | - | - | - | - |
Gain on unconsolidated entities, net | ||||||||||||
0 | 200,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Noncurrent income taxes payable | ||||||||||||
-35,000 | -23,000 | 144,000 | -12,000 | -21,000 | - | - | - | - | - | - | - | - |
VIE deconsolidation | ||||||||||||
- | - | - | - | 49,000 | 0 | 0 | - | - | - | - | - | - |
Other | ||||||||||||
1,000 | 47,000 | -1,000 | 82,000 | 8,000 | -125,000 | -15,000 | 21,000 | 115,000 | -3,000 | 13,000 | 121,000 | 184,000 |
Tax payment related to divestiture | ||||||||||||
-255,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Postretirement benefit plan contributions | ||||||||||||
28,000 | 287,000 | 44,000 | 33,000 | 33,000 | 53,000 | 48,000 | 51,000 | 192,000 | 643,000 | 100,000 | 451,000 | 96,000 |
Changes in operating assets and liabilities, net of acquisitions: | ||||||||||||
Trade receivables | ||||||||||||
145,000 | -76,000 | 1,300,000 | 480,000 | 127,000 | -131,000 | 50,000 | 65,000 | 100,000 | -59,000 | 75,000 | -48,000 | 63,000 |
Inventories | ||||||||||||
-2,000 | 86,000 | -80,000 | -7,000 | 42,000 | 30,000 | -112,000 | 80,000 | 125,000 | 159,000 | 13,000 | -41,000 | 88,000 |
Accounts payable | ||||||||||||
-9,000 | 115,000 | 193,000 | 124,000 | 427,000 | 96,000 | 31,000 | 208,000 | 40,000 | 72,000 | -59,000 | 32,000 | 167,000 |
Accrued income taxes | ||||||||||||
- | - | - | - | 29,000 | 87,000 | 4,000 | 25,000 | 132,000 | -192,000 | 112,000 | -85,000 | -67,000 |
Accrued interest expense | ||||||||||||
- | - | - | - | 5,000 | -2,000 | -9,000 | -1,000 | -7,000 | 9,000 | -5,000 | 3,000 | -1,000 |
Accrued and prepaid advertising, promotion and trade allowances | ||||||||||||
- | - | - | - | 7,000 | -21,000 | -32,000 | 97,000 | 4,000 | -12,000 | 91,000 | -10,000 | 36,000 |
Accrued salaries and wages | ||||||||||||
- | - | - | - | 20,000 | -7,000 | 61,000 | 15,000 | 89,000 | -169,000 | 42,000 | -47,000 | 5,000 |
Exit plan-related reserves | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -9,000 |
All other current assets and liabilities | ||||||||||||
-40,000 | 154,000 | 13,000 | -46,000 | 52,000 | 5,000 | -125,000 | 38,000 | -45,000 | -35,000 | -85,000 | -63,000 | -30,000 |
Net cash provided by (used in) operating activities | ||||||||||||
1,176,000 | 1,536,000 | 403,000 | 1,271,000 | 1,691,000 | 1,793,000 | 1,807,000 | 1,758,000 | 1,595,000 | 1,008,000 | 1,643,000 | 1,267,000 | 1,503,000 |
Investing activities | ||||||||||||
Additions to properties | ||||||||||||
586,000 | 578,000 | 501,000 | 507,000 | 553,000 | 582,000 | 637,000 | 533,000 | 594,000 | 474,000 | 377,000 | 461,000 | 472,000 |
Collections of deferred purchase price on securitized trade receivables | ||||||||||||
0 | 0 | 1,243,000 | 501,000 | - | - | - | - | - | - | - | - | - |
Payments to Acquire Businesses, Net of Cash Acquired | ||||||||||||
8,000 | 28,000 | 592,000 | 398,000 | 161,000 | 0 | 0 | 2,668,000 | 0 | 0 | - | 213,000 | 128,000 |
Proceeds from Divestiture of Businesses | ||||||||||||
1,332,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Reduction of cash due to Venezuela deconsolidation | ||||||||||||
- | - | - | 2,000 | 0 | 0 | - | - | - | - | - | - | - |
Investments in unconsolidated entities | ||||||||||||
0 | 389,000 | 0 | -27,000 | 456,000 | 6,000 | 6,000 | - | - | - | - | - | - |
Acquisition of cost method investments | ||||||||||||
1,000 | 8,000 | 7,000 | 2,000 | 0 | - | - | - | - | - | - | - | - |
Purchases of available for sale securities | ||||||||||||
18,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Sales of available for sale securities | ||||||||||||
83,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Other | ||||||||||||
28,000 | -55,000 | -6,000 | 11,000 | -43,000 | -15,000 | -2,000 | 44,000 | -7,000 | -9,000 | -7,000 | 7,000 | 1,000 |
Net cash provided by (used in) investing activities | ||||||||||||
774,000 | -948,000 | 149,000 | -392,000 | -1,127,000 | -573,000 | -641,000 | -3,245,000 | -587,000 | -465,000 | -370,000 | -681,000 | -601,000 |
Financing activities | ||||||||||||
Net increase (reduction) of notes payable, with maturities less than or equal to 90 days | ||||||||||||
-18,000 | -264,000 | 153,000 | -918,000 | 443,000 | 183,000 | -524,000 | 779,000 | 189,000 | -1,000 | -1,284,000 | 23,000 | 625,000 |
Issuances of notes payable, with maturities greater than 90 days | ||||||||||||
62,000 | 62,000 | 17,000 | 1,961,000 | 214,000 | 1,030,000 | 640,000 | 724,000 | 0 | 0 | 10,000 | 190,000 | 804,000 |
Reductions of notes payable, with maturities greater than 90 days | ||||||||||||
69,000 | 23,000 | 238,000 | 1,831,000 | 283,000 | 1,124,000 | 442,000 | 707,000 | 0 | 0 | 70,000 | 316,000 | 1,209,000 |
Issuances of long-term debt | ||||||||||||
80,000 | 993,000 | 1,251,000 | 2,657,000 | 696,000 | 952,000 | 645,000 | 1,727,000 | 895,000 | 987,000 | 1,241,000 | 756,000 | 750,000 |
Reductions of long-term debt | ||||||||||||
1,009,000 | 408,000 | 632,000 | 1,737,000 | 606,000 | 960,000 | 762,000 | 750,000 | 945,000 | 1,000 | 482,000 | 468,000 | 802,000 |
Debt redemption costs | ||||||||||||
17,000 | 0 | 0 | 144,000 | - | - | - | - | - | - | - | - | - |
Net issuances of common stock | ||||||||||||
64,000 | 167,000 | 97,000 | 368,000 | 261,000 | 217,000 | 475,000 | 229,000 | 291,000 | 204,000 | 131,000 | 175,000 | 163,000 |
Common stock repurchases | ||||||||||||
220,000 | 320,000 | 516,000 | 426,000 | 731,000 | 690,000 | 544,000 | 63,000 | 798,000 | 1,052,000 | 187,000 | 650,000 | 650,000 |
Cash dividends | ||||||||||||
769,000 | 762,000 | 736,000 | 716,000 | 700,000 | 680,000 | 653,000 | 622,000 | 604,000 | 584,000 | 546,000 | 495,000 | 475,000 |
Other | ||||||||||||
-9,000 | -11,000 | 0 | 0 | - | 9,000 | 24,000 | 0 | 15,000 | 8,000 | 5,000 | 5,000 | 6,000 |
Net cash provided by (used in) financing activities | ||||||||||||
-1,905,000 | -566,000 | -604,000 | -786,000 | -706,000 | -1,063,000 | -1,141,000 | 1,317,000 | -957,000 | -439,000 | -1,182,000 | -780,000 | -788,000 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
31,000 | 18,000 | 53,000 | -64,000 | -50,000 | 13,000 | -33,000 | -9,000 | -35,000 | 6,000 | -12,000 | -75,000 | -1,000 |
Increase (decrease) in cash and cash equivalents | ||||||||||||
76,000 | 40,000 | 1,000 | 29,000 | -192,000 | 170,000 | -8,000 | -179,000 | 16,000 | 110,000 | 79,000 | -269,000 | 113,000 |
Supplemental cash flow disclosures | ||||||||||||
Interest paid | ||||||||||||
284,000 | 280,000 | 258,000 | 405,000 | 228,000 | 209,000 | 234,000 | - | - | - | - | - | - |
Income taxes paid | ||||||||||||
537,000 | 188,000 | 352,000 | 256,000 | 337,000 | 414,000 | 426,000 | - | - | - | - | - | - |
Supplemental cash flow disclosures of non-cash investing activities | ||||||||||||
Beneficial interests obtained in exchange for securitized trade receivables | ||||||||||||
0 | 0 | 1,222,000 | 538,000 | - | - | - | - | - | - | - | - | - |
Additions to properties included in accounts payable | ||||||||||||
128,000 | 162,000 | 151,000 | 161,000 | - | - | - | - | - | - | - | - | - |
Supplemental cash flow dislcosures of non-cash activities [Abstract] | ||||||||||||
Additions to properties included in accounts payable | ||||||||||||
- | - | - | - | 147,000 | 136,000 | 135,000 | - | - | - | - | - | - |