| Jun'19 | Jun'18 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||
Net income | ||||||||||
247,876 | 205,060 | 51,980 | -223,884 | -370,961 | 162,198 | 206,916 | 310,833 | 232,277 | 48,202 | -118,631 |
Adjustments for non-cash items: | ||||||||||
Depreciation | ||||||||||
97,641 | 94,012 | 91,078 | 96,704 | 104,978 | 104,027 | 92,344 | 87,722 | 81,869 | 83,339 | 83,247 |
Amortization | ||||||||||
14,411 | 14,668 | 16,578 | 20,762 | 26,686 | 26,195 | 20,760 | 16,351 | 11,602 | 13,090 | 13,134 |
Stock-based compensation expense | ||||||||||
22,845 | 20,830 | 21,065 | 18,129 | 16,827 | 17,641 | 21,874 | 21,500 | 18,852 | 16,640 | 9,412 |
Restructuring and asset impairment charges (Notes 7 and 18)) | ||||||||||
203 | 248 | -1,802 | -118,779 | -548,028 | 3,408 | 0 | 0 | 2,914 | 855 | 115,212 |
Deferred income tax provision (benefit) | ||||||||||
2,806 | 22,915 | 6,267 | 8,328 | -48,575 | 23,119 | 232 | 28,602 | -7,881 | 230 | -10,898 |
Loss on divestiture (Note 4) | ||||||||||
- | - | - | 131,124 | - | 0 | - | - | - | -527 | -22,704 |
Other | ||||||||||
2,654 | 4,651 | 94 | -6,113 | 2,098 | 2,106 | 2,577 | -12,702 | -9,872 | -4,506 | -1,088 |
Changes in certain assets and liabilities: | ||||||||||
Accounts receivable | ||||||||||
-17,323 | 22,201 | 7,606 | -32,661 | -46,552 | 45,041 | -33,801 | 10,891 | 89,153 | 58,245 | -200,159 |
Inventories | ||||||||||
53,387 | 37,230 | 24,300 | -69,552 | -70,874 | 5,310 | -5,879 | 63,833 | 124,082 | 2,576 | -36,048 |
Accounts payable and accrued liabilities | ||||||||||
-49,378 | -5,046 | 54,554 | 991 | -8,218 | 13,748 | -90,449 | -57,003 | 100,325 | 40,985 | -118,133 |
Accrued income taxes | ||||||||||
9,013 | 11,093 | 6,873 | -25,247 | -10,163 | -12,485 | 949 | -14,157 | 22,158 | 19,227 | -11,969 |
Accrued pension and postretirement benefits | ||||||||||
-8,186 | -26,759 | -27,818 | -15,013 | 4,863 | -16,592 | - | - | - | - | - |
Other | ||||||||||
2,896 | 4,441 | -4,771 | 4,280 | 31,552 | 1,141 | 10,733 | 16,842 | 8,212 | -7,060 | 26,934 |
Net cash flow provided by operating activities | ||||||||||
300,519 | 277,304 | 195,338 | 222,493 | 351,437 | 271,873 | 284,150 | 289,580 | 230,797 | 164,828 | 192,263 |
INVESTING ACTIVITIES | ||||||||||
Purchases of property, plant and equipment | ||||||||||
212,343 | 171,004 | 118,018 | 110,697 | 100,939 | 117,376 | 82,835 | 103,036 | 83,442 | 56,679 | 104,842 |
Disposals of property, plant and equipment | ||||||||||
11,243 | 14,358 | 5,023 | 5,978 | 16,122 | 1,236 | 3,016 | 6,886 | 9,755 | 5,141 | 2,914 |
Business acquisition, net of cash acquired (Note 4) | ||||||||||
- | - | - | - | - | 634,615 | 500 | 382,562 | 0 | 16,969 | 69,485 |
Proceeds from divestiture (Note 4) | ||||||||||
- | - | - | 56,127 | 0 | 10,225 | - | - | - | 27,788 | 1,544 |
Purchase of technology license | ||||||||||
- | - | - | - | - | - | - | 10,000 | 0 | - | - |
Proceeds from sale of business | ||||||||||
- | - | - | - | - | - | 0 | 0 | 1,723 | 23 | 108 |
Other | ||||||||||
381 | 225 | -247 | -659 | -263 | -356 | 379 | -1,447 | -139 | -276 | 295 |
Net cash flow used for investing activities | ||||||||||
-201,481 | -156,871 | -112,748 | -47,933 | -84,554 | -740,174 | -80,698 | -487,265 | -71,825 | -40,420 | -170,056 |
FINANCING ACTIVITIES | ||||||||||
Net decrease in notes payable | ||||||||||
-715 | 495 | -317 | -6,288 | -63,647 | 31,568 | -833 | 38,198 | -15,992 | -27,335 | 14,311 |
Net increase (decrease) in short-term revolving and other lines of credit | ||||||||||
-174 | 0 | 0 | - | 200 | -3,600 | -23,600 | 27,200 | 0 | - | - |
Term debt borrowings | ||||||||||
0 | 295,863 | 25,298 | 50,070 | 89,712 | 736,079 | 944,152 | 1,509,767 | 450,109 | 564,366 | 974,248 |
Term debt repayments | ||||||||||
400,000 | 190 | 25,899 | 94,577 | 308,736 | 450,928 | 736,562 | 1,324,426 | 451,748 | 680,023 | 860,522 |
Purchase of capital stock | ||||||||||
214 | 217 | 241 | 295 | 318 | 14,165 | 121,408 | 66,876 | 57,909 | 306 | 127,720 |
Sale of subsidary stock | ||||||||||
- | - | - | - | - | - | 26,665 | 0 | 0 | - | - |
Settlement of interest rate swap agreement (Note 6) | ||||||||||
- | - | - | - | - | - | - | 22,406 | 0 | - | - |
Net proceeds from equity offering | ||||||||||
- | - | - | - | - | - | - | - | - | 120,696 | - |
Proceeds from interest rate swap agreement termination (Note 7) | ||||||||||
- | - | - | - | - | - | - | - | - | - | 12,566 |
The effect of employee benefit and stock plans and dividend reinvestment | ||||||||||
-4,744 | 17,975 | 18,319 | 1,348 | 13,844 | 26,676 | 17,356 | 24,635 | 18,328 | 10,677 | 4,873 |
Cash dividends paid to Shareholders | ||||||||||
65,746 | 65,104 | 64,128 | 63,717 | 56,979 | 56,436 | 51,011 | 43,631 | 39,801 | 39,316 | 35,466 |
Other | ||||||||||
161 | -1,625 | -6,317 | -181 | -7,039 | 1,214 | -2,612 | -11,162 | 988 | -6,926 | 2,184 |
Net cash flow used for financing activities | ||||||||||
-471,432 | 247,197 | -53,285 | -113,640 | -332,963 | 270,408 | 52,147 | 131,299 | -96,025 | -58,167 | -15,526 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-1,744 | -2,106 | -255 | -4,835 | -6,355 | -1,494 | 5,251 | -21,713 | 23,489 | -17,935 | -23,336 |
Net decrease in cash and cash equivalents | ||||||||||
-374,138 | 365,524 | 29,050 | 56,085 | -72,435 | -199,387 | 260,850 | -88,099 | 86,436 | 48,306 | -16,655 |