| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | |||||||||||
Net income | |||||||||||
227,703 | 255,213 | 176,996 | 137,350 | 147,689 | 138,809 | 146,009 | 129,781 | 113,007 | 86,582 | 69,950 | 110,930 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Discontinued operations | |||||||||||
- | - | - | - | - | - | 37,087 | 3,215 | 1,464 | - | - | - |
Depreciation and amortization of operating property and intangible assets | |||||||||||
44,468 | 43,570 | 40,560 | 35,796 | 29,102 | 27,575 | 27,667 | 25,213 | 23,905 | 24,804 | 23,528 | 20,960 |
Non-cash interest charges | |||||||||||
253 | 253 | 253 | 238 | 218 | 218 | 219 | 218 | 218 | 219 | 218 | 196 |
Provisions for losses on trade and other accounts receivable | |||||||||||
9,831 | 7,415 | 7,439 | 5,735 | 5,890 | 5,315 | 3,755 | 4,886 | 7,626 | 3,916 | 7,986 | 6,937 |
Gains on sales/disposals of operating property | |||||||||||
1,016 | 979 | 774 | 3,477 | 216 | 2,143 | 3,352 | 2,815 | 274 | -1,058 | 55 | -176 |
Deferred income taxes, net | |||||||||||
-4,767 | -2,115 | 17,031 | -6,328 | -6,792 | -5,434 | -4,700 | -4,261 | -10,071 | -525 | 2,419 | 3,873 |
Stock-based compensation | |||||||||||
4,236 | 18,256 | 7,721 | 2,747 | 6,925 | 6,797 | 4,911 | 6,149 | 5,012 | 4,769 | 4,968 | 7,270 |
Changes in operating assets and liabilities: | |||||||||||
Decrease in trade and other accounts receivable | |||||||||||
-81,415 | 57,419 | 181,235 | 6,233 | -20,713 | 60,454 | 28,584 | 35,140 | 95,349 | 38,206 | -32,780 | 10,657 |
Decrease in other assets | |||||||||||
11,395 | 2,962 | 1,966 | -9,298 | 1,177 | 9,046 | 1,214 | -2,547 | -1,930 | 1,752 | -8,068 | -28 |
Increase (decrease) in accounts payable | |||||||||||
-42,138 | 22,527 | 68,859 | -9,598 | 3,632 | 62,281 | 8,881 | 13,018 | 21,583 | 16,267 | -1,634 | -11,240 |
Increase (decrease) in other liabilities | |||||||||||
-17,786 | 8,367 | 22,085 | 288 | 1,222 | -2,468 | -3,308 | -6,857 | -4,537 | 11,200 | -13,748 | -4,813 |
Increase (decrease) in insurance claims | |||||||||||
7,502 | 1,545 | 16,056 | 11,770 | -4,768 | -70,449 | 30,048 | -17,715 | 32,435 | -624 | 10,484 | -3,971 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | |||||||||||
307,840 | 297,901 | 138,963 | 190,242 | 216,022 | 101,869 | 152,645 | 120,331 | 114,163 | 108,758 | 144,964 | 119,689 |
INVESTING ACTIVITIES | |||||||||||
Net changes in other short-term investments | |||||||||||
131 | - | - | - | - | - | - | - | - | -1,730 | -28,024 | 7,887 |
Sales and maturities of investments | |||||||||||
62,922 | 51,576 | 56,442 | 41,795 | 38,684 | 34,701 | 38,777 | 33,028 | 67,174 | 39,187 | 15,932 | 13,801 |
Purchases of investments | |||||||||||
65,922 | 54,041 | 58,504 | 43,529 | 44,238 | 36,473 | 50,613 | 56,897 | 58,413 | 65,818 | 49,965 | 6,921 |
Purchases of operating property | |||||||||||
19,416 | 9,747 | 15,586 | 22,645 | 4,804 | 10,539 | 6,373 | 5,388 | 3,624 | 27,505 | 2,715 | 8,289 |
Proceeds from sales of operating property | |||||||||||
3,991 | 4,018 | 4,032 | 10,212 | 1,685 | 7,465 | 9,711 | 9,730 | 4,385 | 1,686 | 841 | 146 |
Consideration paid for acquisitions | |||||||||||
- | - | 8,460 | - | - | - | - | - | - | - | 14,888 | - |
Proceeds from sale of discontinued operations | |||||||||||
- | - | - | - | - | - | 74,505 | - | - | - | - | - |
NET CASH USED BY INVESTING ACTIVITIES | |||||||||||
-18,556 | -8,194 | -22,076 | -14,167 | -8,673 | -4,846 | 66,007 | -19,527 | 9,522 | -50,720 | -22,771 | -9,150 |
FINANCING ACTIVITIES | |||||||||||
Decrease in cash overdraft | |||||||||||
-1,461 | 13,097 | 5,991 | 642 | 980 | 6,849 | 2,617 | -339 | 938 | -4,042 | -3,146 | 6,296 |
Dividends paid | |||||||||||
27,891 | 88,918 | 15,938 | 14,332 | 57,882 | 27,606 | - | 33,981 | 9,983 | 9,422 | 8,686 | 8,136 |
Payment for debt issue costs | |||||||||||
- | - | - | 1,048 | - | - | - | - | - | - | - | - |
Proceeds from exercises of stock options | |||||||||||
1,056 | 1,435 | 3,183 | 2,329 | 1,459 | 3,760 | 2,323 | 4,383 | 1,025 | 1,660 | 1,128 | 12,249 |
Taxes paid in lieu of shares issued related to stock-based compensation plans | |||||||||||
8,456 | 3,938 | 881 | 3,043 | 2,225 | 4,041 | 1,766 | 3,023 | 102 | - | - | - |
Excess tax benefits from stock-based awards | |||||||||||
- | - | - | 1,386 | 671 | 2,500 | 349 | 751 | -683 | 1,580 | 773 | 2,231 |
Borrowings on revolving credit facility | |||||||||||
- | - | - | - | - | - | - | 60,000 | 10,000 | 40,000 | 40,000 | 87,000 |
Purchases of common stock | |||||||||||
88,578 | 208,087 | - | 50,516 | 161,152 | 56,393 | 59,496 | 25,826 | 50,450 | 102,736 | 55,757 | 51,576 |
Capital contribution from noncontrolling interest | |||||||||||
- | - | - | - | - | - | - | - | - | - | 580 | - |
Principal payments on finance lease obligations | |||||||||||
44,635 | 43,283 | 46,751 | 47,492 | 36,520 | 37,416 | 61,774 | 121,278 | 33,245 | 26,273 | 110,817 | 120,110 |
Purchase of noncontrolling interest | |||||||||||
600 | - | - | - | - | - | - | - | 8,000 | - | - | - |
Payment of contingent consideration | |||||||||||
- | 985 | - | - | - | - | - | - | - | - | - | - |
Cash flows from discontinued operations: | |||||||||||
Operating activities of discontinued operations | |||||||||||
- | - | - | - | - | - | 9,368 | 5,253 | 3,871 | - | - | - |
Investing activities of discontinued operations | |||||||||||
- | - | - | - | - | - | -168 | -1,684 | -713 | - | - | - |
Financing activities of discontinued operations | |||||||||||
- | - | - | - | - | - | -3,369 | 8,081 | 22 | - | - | - |
Net cash provided by discontinued operations | |||||||||||
- | - | - | - | - | - | 5,831 | 11,650 | 3,180 | - | - | - |
NET CASH USED BY FINANCING ACTIVITIES | |||||||||||
-170,565 | -330,679 | -54,396 | -112,074 | -254,669 | -112,347 | -117,747 | -119,313 | -90,500 | -99,233 | -135,925 | -72,046 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
1,060 | -1,708 | 1,028 | 376 | -2,104 | -1,034 | -718 | 243 | -171 | 182 | 547 | -339 |
(Decrease) increase in cash and cash equivalents | |||||||||||
119,779 | -42,680 | 63,519 | 64,377 | -49,424 | -16,358 | 106,018 | -6,616 | 36,194 | -41,013 | -13,185 | 38,154 |