| 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 | ||||||||||
87,100 | 205,000 | 354,500 | 43,300 | -173,600 | 99,200 | -102,000 | 218,500 | 321,000 | 130,600 | -34,700 |
Depreciation | ||||||||||
48,100 | 49,700 | 41,200 | 40,500 | 42,100 | 49,200 | 50,200 | 47,800 | 47,500 | 44,700 | 47,000 |
Amortization of operating lease right-of-use assets | ||||||||||
6,800 | - | - | - | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||
6,500 | 27,300 | -151,600 | 7,700 | 138,500 | 19,600 | -67,900 | 22,600 | 63,800 | -23,800 | -21,900 |
Benefit plan expense greater than cash funding | ||||||||||
11,100 | 8,400 | 12,000 | 5,800 | 5,100 | 500 | 9,200 | -3,300 | - | - | - |
Call premium paid | ||||||||||
- | - | - | - | - | - | - | 6,200 | 2,500 | - | - |
Marketable equity securities | ||||||||||
-100 | -7,300 | - | - | -12,000 | - | - | -3,900 | -600 | - | - |
Contributions to TiO2 manufacturing joint venture, net | ||||||||||
-9,300 | 4,000 | -6,000 | 3,600 | 6,500 | 10,600 | 10,900 | -20,700 | 3,800 | 2,400 | 7,700 |
Loss on prepayment of debt | ||||||||||
- | - | -7,100 | - | - | - | -8,900 | -7,200 | -3,100 | - | - |
Payment for termination of interest rate swap contract | ||||||||||
- | - | 3,300 | - | - | - | - | - | - | - | - |
Other postretirement benefits | ||||||||||
- | - | - | - | - | - | - | - | - | - | 200 |
Defined benefit plan expense | ||||||||||
- | - | - | - | - | - | - | - | 700 | -2,000 | -1,200 |
Other postretirement benefit plans | ||||||||||
- | - | - | - | - | - | - | - | -200 | 700 | - |
Other, net | ||||||||||
-2,500 | -2,800 | -2,400 | -3,000 | -6,300 | -10,700 | -8,200 | -500 | -6,700 | -5,400 | -5,100 |
Change in assets and liabilities: | ||||||||||
Accounts and other receivables, net | ||||||||||
6,800 | -8,700 | 52,700 | 37,400 | -20,100 | 27,800 | -24,800 | - | 48,200 | 52,400 | 5,600 |
Inventories, net | ||||||||||
7,100 | 135,500 | 4,900 | -38,800 | 9,500 | 52,300 | -222,200 | 184,800 | 183,800 | -7,100 | -99,400 |
Prepaid expenses | ||||||||||
-300 | 5,300 | -900 | 1,500 | 1,600 | 400 | -800 | 3,700 | -300 | -2,700 | 1,300 |
Accounts payable and accrued liabilities | ||||||||||
24,600 | 16,400 | 20,700 | -12,900 | -12,000 | -21,100 | 9,100 | -56,200 | 94,800 | -9,000 | 5,400 |
Income taxes | ||||||||||
-3,100 | -16,400 | 19,200 | 3,800 | -1,500 | 6,300 | -9,600 | -18,500 | 19,400 | 7,100 | 400 |
Accounts with affiliates | ||||||||||
700 | -15,400 | -41,300 | 5,800 | -19,200 | 4,100 | 37,200 | -67,200 | 29,800 | 700 | -3,700 |
Other noncurrent assets | ||||||||||
- | -1,500 | 1,600 | -300 | -300 | -2,600 | 1,500 | 11,400 | 3,200 | 400 | -500 |
Other noncurrent liabilities | ||||||||||
200 | -800 | -3,100 | 400 | 200 | -5,300 | 4,300 | 14,000 | 1,600 | 13,600 | -11,000 |
Net cash provided by (used in) operating activities | ||||||||||
160,300 | 188,500 | 276,100 | 89,600 | 52,100 | 87,700 | 130,400 | 76,900 | 295,600 | 126,000 | 86,300 |
Cash flows from investing activities: | ||||||||||
Capital expenditures | ||||||||||
55,100 | 56,300 | 64,300 | 53,000 | 47,100 | 61,200 | 67,600 | 74,800 | 68,600 | 37,700 | 23,700 |
Proceeds from insurance settlement | ||||||||||
2,600 | - | - | - | - | - | - | - | - | - | - |
Change in restricted cash, net | ||||||||||
- | - | - | - | - | - | 500 | 2,600 | 5,200 | 100 | - |
Other, net | ||||||||||
- | - | - | - | - | - | 100 | - | 5,100 | - | - |
Net cash used in investing activities | ||||||||||
-52,500 | -42,700 | -77,900 | -53,000 | -47,100 | -61,200 | -68,200 | 149,800 | -218,100 | -145,800 | -23,700 |
Cash flows from financing activities: | ||||||||||
Indebtedness: | ||||||||||
Borrowings | ||||||||||
- | - | 731,500 | 266,200 | 1,300 | 430,400 | 366,600 | 572,400 | 113,300 | 229,000 | 284,500 |
Payments on long-term debt | ||||||||||
1,500 | 1,500 | 594,300 | 270,000 | 3,900 | 265,200 | 588,700 | 523,800 | 288,100 | 256,200 | 333,700 |
Deferred financing fees | ||||||||||
- | 100 | 8,900 | - | - | 6,100 | - | 7,100 | - | 800 | 600 |
Issuance of common stock | ||||||||||
- | - | - | - | - | - | - | - | - | 337,600 | - |
Dividends paid | ||||||||||
83,400 | 78,800 | 69,500 | 69,500 | 69,500 | 69,500 | 69,500 | 69,500 | 124,600 | 14,500 | - |
Treasury stock acquired | ||||||||||
3,000 | - | - | - | - | - | 700 | - | - | - | - |
Other, net | ||||||||||
- | - | - | - | - | - | - | -100 | -200 | - | - |
Net cash used in financing activities | ||||||||||
-87,900 | -80,400 | 58,800 | -73,300 | -72,100 | 89,600 | -292,300 | -28,100 | -299,600 | 295,100 | -49,800 |
Cash, cash equivalents and restricted cash - net change from: | ||||||||||
Operating, investing and financing activities | ||||||||||
19,900 | 65,400 | 257,000 | -36,700 | -67,100 | 116,100 | -230,100 | 198,600 | -222,100 | 275,300 | 12,800 |
Currency translation | ||||||||||
-2,300 | -14,400 | 14,400 | -5,300 | -8,500 | -10,000 | 1,200 | 1,600 | -100 | -1,700 | 4,700 |
Net change for the year | ||||||||||
17,600 | 51,000 | 271,400 | -42,000 | -75,600 | 106,100 | -228,900 | 200,200 | -222,200 | 273,600 | 17,500 |
Cash paid (received) for: | ||||||||||
Interest, net of amount capitalized | ||||||||||
17,400 | 18,500 | 15,200 | 18,400 | 16,600 | 14,700 | 18,600 | 35,600 | 35,300 | 36,300 | 39,400 |
Income taxes | ||||||||||
35,800 | 67,900 | 37,100 | 6,600 | 1,400 | 17,500 | 33,200 | 94,300 | 104,700 | 24,000 | 2,700 |
Accrual for capital expenditures | ||||||||||
9,100 | 6,300 | 8,700 | 8,000 | 6,800 | 7,000 | 7,400 | 12,200 | 16,700 | 9,600 | 4,400 |
Capital lease obligation incurred | ||||||||||
- | - | - | - | - | - | - | - | - | - | 5,900 |
Valhi | ||||||||||
Loans | ||||||||||
16,600 | 2,600 | 18,200 | - | - | - | - | 178,700 | 214,700 | 114,800 | - |
Collections | ||||||||||
16,600 | 16,200 | 4,600 | - | - | - | - | 314,800 | 140,500 | 52,900 | - |