| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | |||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||
830,700 | 1,246,700 | 1,380,900 | 1,040,500 | 795,800 | 702,300 | 455,800 | 1,317,200 | 570,400 | 461,400 |
Adjustments to reconcile consolidated net income to net cash provided by operating activities: | |||||||||
Impairment charges | |||||||||
14,500 | 6,100 | 3,400 | 5,400 | 5,700 | 2,600 | 11,100 | 6,500 | 2,200 | 7,200 |
Deferred tax (benefit) provision | |||||||||
-38,200 | 86,700 | -81,300 | 103,600 | 48,600 | -58,000 | 45,400 | -693,700 | -49,400 | -7,900 |
Depreciation, Depletion and Amortization | |||||||||
509,900 | 484,400 | 427,700 | 378,200 | 347,800 | 310,900 | 285,500 | 239,500 | 246,300 | 235,900 |
Equity in net income of affiliates | |||||||||
23,200 | 20,200 | 51,700 | 72,400 | 49,800 | 36,300 | 38,400 | 30,300 | 23,500 | 37,200 |
Gain (Loss) on Extinguishment of Debt | |||||||||
-10,600 | 0 | -21,200 | 0 | -14,300 | -17,900 | -3,600 | -3,700 | - | -11,800 |
Stock-based compensation | |||||||||
23,300 | 41,400 | 70,200 | 68,200 | 65,700 | 70,700 | 59,400 | 39,800 | 34,600 | 22,900 |
Net change in recoverable customer engineering, development and tooling | |||||||||
-32,400 | 54,400 | -54,100 | -16,900 | -57,800 | 7,600 | 3,200 | -36,700 | -11,400 | -40,700 |
Net change in working capital items (see below) | |||||||||
25,500 | 118,900 | -72,500 | -88,100 | -58,000 | 140,200 | 8,200 | 48,800 | 6,300 | -48,300 |
Changes in other long-term liabilities | |||||||||
5,000 | -23,000 | 6,600 | -12,900 | -20,200 | 5,400 | -25,600 | -22,800 | 4,300 | -56,400 |
Changes in other long-term assets | |||||||||
10,100 | 16,700 | -2,100 | -38,300 | -44,300 | -41,400 | -12,900 | 20,300 | -21,300 | 26,900 |
Other, net | |||||||||
19,700 | 38,900 | -14,400 | -800 | 18,700 | 3,500 | 15,400 | -24,300 | 1,800 | 3,500 |
Net cash provided by operating activities | |||||||||
1,284,300 | 1,779,800 | 1,783,100 | 1,619,300 | 1,271,100 | 927,800 | 820,100 | 729,800 | 790,300 | 621,900 |
Cash Flows from Investing Activities: | |||||||||
Payments to Acquire Property, Plant, and Equipment | |||||||||
603,900 | 677,000 | 594,500 | 528,300 | 485,800 | 424,700 | 460,600 | 458,300 | 329,500 | 193,300 |
Cash restricted for use - acquisition of Eagle Ottawa | |||||||||
- | - | - | - | - | 350,000 | 0 | 0 | - | - |
Insurance proceeds | |||||||||
- | - | - | - | - | - | 7,100 | 19,200 | 3,500 | - |
Acquisitions, net of cash acquired | |||||||||
321,700 | 0 | 292,400 | 155,900 | 499,200 | 0 | 0 | 243,900 | 8,400 | - |
Other, net | |||||||||
-3,200 | 16,500 | -18,300 | -47,100 | -19,700 | 5,900 | -49,600 | 4,900 | -31,200 | -1,200 |
Net cash used in investing activities | |||||||||
-922,400 | -693,500 | -868,600 | -637,100 | -965,300 | -780,600 | -403,900 | -687,900 | -303,200 | -192,100 |
Cash Flows from Financing Activities: | |||||||||
New credit agreement borrowings | |||||||||
0 | 0 | 250,000 | 0 | - | 0 | 0 | - | - | - |
Repayments of Long-term Lines of Credit | |||||||||
- | - | - | - | - | 0 | 0 | - | - | - |
Proceeds from the issuance of senior notes | |||||||||
693,300 | 0 | 744,700 | 0 | 0 | 975,000 | 500,000 | 0 | - | 694,500 |
Redemption of senior notes | |||||||||
333,700 | 0 | 517,000 | 0 | 5,000 | 327,100 | 72,100 | 72,100 | - | - |
Other long-term debt repayments, net | |||||||||
- | - | - | - | - | - | - | - | -1,100 | -9,300 |
Short-term borrowings (repayments), net | |||||||||
9,500 | 7,300 | -8,900 | 9,100 | 0 | 0 | - | - | -4,000 | -34,000 |
First lien credit agreement repayments | |||||||||
- | - | - | - | - | - | - | - | - | -375,000 |
Second lien credit agreement repayments | |||||||||
- | - | - | - | - | - | - | - | - | 550,000 |
Payments of Debt Issuance Costs | |||||||||
6,500 | 0 | 11,900 | 0 | 0 | 18,100 | 13,400 | 0 | 4,800 | 17,600 |
Cash restricted for use - repurchase of senior notes | |||||||||
- | - | - | - | - | -250,000 | 0 | 0 | - | - |
Payments for Repurchase of Common Stock | |||||||||
384,700 | 704,900 | 450,500 | 658,800 | 487,400 | 411,400 | 1,000,100 | 222,800 | 279,100 | - |
Dividends paid to Lear Corporation stockholders | |||||||||
186,300 | 186,300 | 137,700 | 88,800 | 78,500 | 65,300 | 58,400 | 54,600 | 51,100 | - |
Dividends paid to noncontrolling interests | |||||||||
78,900 | 79,100 | 81,600 | 33,300 | 27,800 | 25,900 | 44,000 | 23,100 | 18,500 | 16,200 |
Accrued liabilities and other | |||||||||
-66,800 | -61,200 | -58,800 | -79,200 | -48,200 | -38,000 | -10,500 | -23,500 | -13,700 | -13,100 |
Net cash provided by (used in) financing activities | |||||||||
-361,900 | -1,030,500 | -742,000 | -872,900 | -156,300 | -160,800 | -698,500 | -396,100 | -372,300 | -320,700 |
Effect of foreign currency translation | |||||||||
-9,400 | -36,400 | 56,300 | -34,300 | -47,000 | -30,000 | 17,800 | 2,100 | -14,600 | -9,000 |
Net Change in Cash, Cash Equivalents and Restricted Cash | |||||||||
-9,400 | 19,400 | 228,800 | 75,000 | 102,500 | -43,600 | -264,500 | -352,100 | 100,200 | 100,100 |
Changes in Working Capital Items: | |||||||||
Accounts receivable | |||||||||
116,200 | -230,800 | 115,200 | 176,300 | 173,400 | 358,700 | 239,600 | 111,500 | 165,800 | 291,300 |
Inventories | |||||||||
69,100 | 32,500 | 76,000 | 53,500 | -4,100 | 91,200 | 102,000 | 60,000 | 101,000 | 106,800 |
Accounts payable | |||||||||
-5,500 | -199,300 | 195,300 | 157,600 | 76,200 | 231,300 | 189,500 | 174,600 | 216,700 | 318,400 |
Accrued liabilities and other | |||||||||
-165,300 | 117,900 | -68,400 | -160,300 | -151,100 | -78,400 | -143,900 | 51,900 | -43,800 | -128,000 |
Net change in working capital items | |||||||||
-25,500 | -118,900 | 72,500 | - | - | - | - | - | - | - |
Increase (Decrease) in Other Operating Assets and Liabilities, Net | |||||||||
25,500 | 118,900 | -72,500 | -88,100 | -58,000 | 140,200 | 8,200 | 48,800 | 6,300 | -48,300 |
Supplementary Disclosure: | |||||||||
Cash paid for interest | |||||||||
104,400 | 97,100 | 94,000 | 88,800 | 85,600 | 70,700 | 64,200 | 58,400 | 59,900 | 57,000 |
Cash paid for income taxes, net of refunds received | |||||||||
172,100 | 279,200 | 284,000 | 237,600 | 218,700 | 154,600 | 152,900 | 85,000 | 79,800 | 57,500 |
Non-cash Investing Activities: | |||||||||
Cash restricted for use - acquisition of Eagle Ottawa | |||||||||
- | - | - | - | 350,000 | 0 | 0 | - | - | - |
Non-cash Financing Activities: | |||||||||
Cash restricted for use - repurchase of senior notes | |||||||||
- | - | - | - | 250,000 | 0 | 0 | - | - | - |
New Credit Agreement | |||||||||
Credit agreement repayments | |||||||||
7,800 | 6,300 | 1,600 | 0 | - | - | - | - | - | - |
Prior Credit Agreement | |||||||||
Credit agreement repayments | |||||||||
0 | 0 | 468,700 | 21,900 | - | - | - | - | - | - |