| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||
Net Income (Loss) Available to Common Stockholders, Basic | |||||||||||
293,109 | 287,066 | 247,503 | 198,399 | 127,478 | 254,686 | 293,780 | 257,411 | 217,186 | 130,244 | 48,576 | 212,286 |
Non-controlling interests in subsidiaries’ earnings (loss) | |||||||||||
-26 | -73 | -28 | -26 | -66 | -806 | -2,093 | -195 | -173 | 1,966 | 257 | 256 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
293,083 | 286,993 | 247,475 | 198,373 | 127,412 | 253,880 | 291,687 | 257,216 | 217,013 | 132,210 | 48,833 | 212,542 |
Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities: | |||||||||||
Rationalization and asset impairment net (gains) charges (Note 6) | |||||||||||
3,500 | -5,978 | 1,441 | 0 | 6,269 | 29,574 | 5,092 | 1,740 | 23 | -4,391 | 2,940 | 19,371 |
Loss on deconsolidation of Venezuelan subsidiary (Note 1) | |||||||||||
- | - | - | -34,348 | 0 | 0 | - | - | - | - | - | - |
Bargain purchase gain (Note 5) | |||||||||||
0 | 0 | 49,650 | 0 | 0 | - | - | - | - | - | - | - |
Income Tax Expense Benefit Net Resulting from Tax Reform Act | |||||||||||
0 | 399 | 28,616 | 0 | 0 | - | - | - | - | - | - | - |
Depreciation and amortization | |||||||||||
81,487 | 72,346 | 68,115 | 65,073 | 64,007 | 69,607 | 68,883 | 65,334 | 62,051 | 57,357 | 56,598 | 56,925 |
Equity earnings in affiliates, net | |||||||||||
1,427 | 3,034 | 337 | 261 | 530 | 1,848 | 1,660 | -160 | 1,971 | 600 | -8,554 | 3,235 |
Deferred income taxes | |||||||||||
13,019 | 1,490 | 4,058 | -9,805 | -55,728 | 17,887 | 17,817 | -2,137 | 15,139 | 4,387 | -7,090 | 7,367 |
Stock-based compensation | |||||||||||
16,624 | 18,554 | 12,698 | 10,332 | 7,932 | 8,416 | 9,734 | 8,961 | 6,610 | 8,213 | 5,432 | 4,738 |
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | |||||||||||
7,601 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Pension (income) expense and settlement charges (Note 13) | |||||||||||
261 | 3,068 | 2,517 | 13,988 | 162,815 | 12,395 | 29,774 | 35,515 | 26,370 | 29,123 | - | - |
Amortization of terminated interest rate swaps | |||||||||||
- | - | - | - | - | - | - | - | - | -1,867 | -1,742 | -958 |
Pension contributions and payments | |||||||||||
- | - | - | - | 53,547 | 36,072 | 87,356 | 69,646 | 36,322 | 47,205 | - | - |
Foreign Currency (Gain) Loss | |||||||||||
- | - | - | - | - | - | - | -3,506 | - | - | - | - |
Amortization of pension actuarial losses and prior service cost | |||||||||||
- | - | - | - | - | - | - | - | - | - | 25,064 | 1,706 |
Other, net | |||||||||||
8,416 | 11,002 | -1,402 | 26,560 | -958 | -18,095 | -1,910 | 818 | -991 | 1,491 | -1,770 | 4,502 |
Changes in operating assets and liabilities, net of effects from acquisitions: | |||||||||||
Increase in accounts receivable | |||||||||||
-50,394 | 4,061 | 16,811 | 12,314 | -56,741 | -5,876 | 5,437 | -57,759 | 67,518 | 47,958 | -60,913 | -30,130 |
Increase in inventories | |||||||||||
12,023 | 23,904 | -19,448 | -14,601 | -56,067 | 5,718 | -13,310 | -28,286 | 51,679 | 28,912 | -127,739 | 27,845 |
Increase in other current assets | |||||||||||
-14,269 | -1,324 | 8,143 | -1,532 | 19,972 | -32,081 | -2,811 | 9,506 | 2,857 | -4,956 | -10,222 | 37,040 |
Increase in other current assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 27,450 |
Decrease in trade accounts payable | |||||||||||
-8,339 | 3,636 | 17,871 | 29,627 | -46,911 | 2,135 | 794 | 16,110 | 8,672 | 47,323 | -30,364 | -26,768 |
Increase (decrease) in other current liabilities | |||||||||||
-31,223 | -13,657 | -13 | -9,286 | 1,511 | -3,736 | -7,785 | 21,887 | 20,838 | 8,836 | -22,778 | - |
Decrease in accrued pensions | |||||||||||
- | - | - | - | - | - | - | - | - | - | -39,185 | -25,975 |
Net change in other assets and liabilities | |||||||||||
423 | -2,978 | -6,158 | -2,909 | -5,808 | 870 | 680 | 86,883 | 3,842 | 3,003 | -3,444 | 4,641 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | |||||||||||
403,185 | 329,152 | 334,845 | 312,557 | 312,832 | 401,702 | 338,894 | 327,484 | 193,518 | 156,978 | 250,350 | 257,449 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||
Capital expenditures | |||||||||||
69,615 | 71,246 | 61,656 | 49,877 | 50,507 | 72,990 | 76,015 | 52,715 | 65,813 | 60,565 | 38,201 | 72,426 |
Payments to Acquire Businesses, Net of Cash Acquired | |||||||||||
134,717 | 101,792 | 72,468 | 71,567 | 37,076 | 24,230 | 53,161 | 134,602 | 66,229 | 18,856 | 25,449 | 44,036 |
Additions to equity investment in affiliates | |||||||||||
- | - | - | - | - | - | - | - | - | - | 488 | - |
Proceeds from sale of property, plant and equipment | |||||||||||
9,509 | 16,755 | 2,301 | 1,127 | 2,310 | 17,457 | 1,393 | 1,387 | 1,246 | 10,021 | 557 | 662 |
Purchase of marketable securities | |||||||||||
0 | 268,335 | 205,584 | 38,920 | 0 | 0 | 1,717 | 1,541 | 0 | 0 | - | - |
Proceeds from marketable securities | |||||||||||
0 | 447,459 | 65,380 | 0 | 0 | - | - | - | - | - | - | - |
Other Investing Activities | |||||||||||
-2,000 | 2,000 | 0 | 709 | 79 | -778 | - | - | - | - | - | - |
NET CASH (USED BY) PROVIDED BY INVESTING ACTIVITIES | |||||||||||
-192,823 | 20,841 | -272,027 | -159,946 | -85,352 | -78,985 | -129,500 | -187,471 | -130,796 | -69,400 | -63,581 | -115,800 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||
Proceeds from short-term borrowings | |||||||||||
- | - | - | 1,892 | 12,505 | 11,124 | 1,230 | 2,518 | 23,224 | 13,319 | 12,452 | 19,504 |
Payments on short-term borrowings | |||||||||||
- | - | - | 1,822 | 9,268 | 12,226 | 2,164 | 4,293 | 15,446 | 12,896 | 34,780 | 7,849 |
Amounts due banks, net | |||||||||||
24,429 | -835 | -491 | 1,469 | -37,466 | 48,978 | -517 | -2,758 | 1,203 | -19,022 | 9,374 | -5,551 |
Proceeds from Issuance of Long-term Debt | |||||||||||
0 | 0 | 34 | 350,261 | 357,780 | 8,754 | 61 | 918 | 909 | 150 | 531 | 1,352 |
Payments on long-term borrowings | |||||||||||
107 | 107 | 39 | 481 | 6,945 | 3,299 | 450 | 85,688 | 1,941 | 8,730 | 31,405 | 1,033 |
Proceeds from exercise of stock options | |||||||||||
14,347 | 4,690 | 16,627 | 25,049 | 5,996 | 9,116 | 20,297 | 18,776 | 11,351 | 3,508 | 705 | 7,201 |
Excess tax benefit from stock-based compensation | |||||||||||
- | - | - | - | - | 5,967 | 10,602 | 7,819 | 2,916 | 1,210 | 195 | 3,728 |
Purchase of shares for treasury (Note 8) | |||||||||||
292,693 | 201,650 | 43,164 | 342,003 | 399,494 | 307,178 | 167,879 | 81,018 | 36,997 | 39,682 | 343 | 42,337 |
Cash dividends paid to shareholders | |||||||||||
117,920 | 102,058 | 92,452 | 87,330 | 86,968 | 73,261 | 49,277 | 73,112 | 51,935 | 47,364 | 45,801 | 42,756 |
Other financing activities | |||||||||||
0 | -2,170 | -15,552 | -19,043 | -8,022 | -2,330 | -6,087 | - | 3,346 | 0 | - | - |
Transactions with Noncontrolling Interests | |||||||||||
- | - | - | - | - | - | - | 0 | 0 | - | - | - |
NET CASH USED BY FINANCING ACTIVITIES | |||||||||||
-371,944 | -302,130 | -135,037 | -72,008 | -171,882 | -314,355 | -194,184 | -216,838 | -63,370 | -109,507 | -89,072 | -67,741 |
Effect of Exchange Rate on Cash and Cash Equivalents | |||||||||||
2,296 | -15,715 | 19,741 | -5,607 | -29,794 | -29,808 | -1,849 | 2,188 | -4,444 | -14 | 6,107 | -6,958 |
Cash and Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | |||||||||||
-159,286 | 32,148 | -52,478 | 74,996 | 25,804 | -21,446 | 13,361 | -74,637 | -5,092 | -21,943 | 103,804 | 66,950 |