| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Cash flows from (used in) operating activities | ||||||||
Net income (loss) | ||||||||
-9,639 | 128,589 | 70,483 | 34,943 | 75,502 | 120,966 | -25,768 | -13,491 | 75,170 |
Adjustments to reconcile net income (loss) to cash flows from operating activities | ||||||||
Unrealized (gain) loss on derivative instruments | ||||||||
- | - | - | - | - | 11,501 | 21,494 | 3,186 | -1,974 |
Depreciation and amortization | ||||||||
126,394 | 96,729 | 85,294 | 71,984 | 68,333 | 78,012 | 78,645 | 74,657 | 77,952 |
Deferred income tax provision (benefit) | ||||||||
-7,873 | 16,596 | 22,056 | 16,809 | 17,515 | -22,016 | 11,482 | -152 | -3,309 |
Inventory impairment | ||||||||
9,200 | - | - | - | - | - | - | - | - |
Loss on settlement of debt | ||||||||
-4,750 | -21,515 | -10,696 | -454 | 0 | - | 0 | 0 | - |
Defined benefit pension plans and other post-retirement benefit plan expense | ||||||||
3,449 | 1,868 | 2,179 | 1,955 | 2,162 | 2,475 | 3,526 | 3,306 | - |
Stock compensation recovery | ||||||||
3,036 | 3,940 | 2,890 | 4,659 | 2,409 | 1,586 | 3,574 | 2,616 | 4,607 |
Foreign exchange transaction gains | ||||||||
-7,116 | -746 | 875 | - | - | - | - | 0 | - |
Foreign exchange gain on intercompany debt | ||||||||
- | - | - | - | - | -4,777 | -904 | - | - |
Pension and other post-retirement expense, net of funding | ||||||||
- | - | - | - | - | - | - | - | -374 |
Other | ||||||||
-5,834 | -2,419 | -3,372 | -4,582 | -8,635 | 1,281 | -4,073 | -4,991 | -1,116 |
Defined benefit pension plans and other post-retirement benefit plan contributions | ||||||||
4,467 | 1,133 | 2,031 | 2,316 | 2,349 | 2,951 | 2,878 | -2,941 | - |
Changes in working capital | ||||||||
Accounts receivable | ||||||||
-41,369 | 10,370 | 64,949 | -9,466 | 11,256 | 25,113 | -13,993 | -10,795 | 2,233 |
Inventories | ||||||||
-24,683 | 58,082 | 19,994 | -6,844 | 13,235 | -6,445 | 14,563 | -1,726 | 24,654 |
Accounts payable and accrued expenses | ||||||||
45,256 | 37,959 | 37,170 | -10,274 | 9,665 | -5,382 | -11,569 | -17,992 | 19,837 |
Other | ||||||||
4,825 | 4,108 | 4,365 | -1,676 | -1,839 | 1,429 | 1,792 | -1,214 | -4,490 |
Net cash from (used in) operating activities | ||||||||
244,283 | 236,668 | 141,926 | 140,782 | 159,220 | 144,588 | 36,325 | 59,115 | 154,576 |
Cash flows from (used in) investing activities | ||||||||
Purchase of property, plant and equipment | ||||||||
132,034 | 87,012 | 57,915 | 42,526 | 46,536 | 34,612 | 45,707 | 47,203 | 52,626 |
Purchase of amortizable intangible assets | ||||||||
623 | 600 | 1,777 | 1,844 | 3,809 | 4,776 | 0 | 0 | - |
Acquisitions (Note 2) | ||||||||
6,380 | 380,312 | 61,627 | 0 | 0 | - | - | - | - |
Decrease in restricted cash | ||||||||
- | - | - | - | - | - | 0 | 0 | - |
Purchase of marketable securities | ||||||||
- | - | - | - | - | - | - | - | 16,343 |
Proceeds on maturity of marketable securities | ||||||||
- | - | - | - | - | - | - | 15,753 | 0 |
Other | ||||||||
321 | -445 | 232 | -67 | -528 | -910 | -739 | -840 | - |
Proceeds on sale of property, plant and equipment | ||||||||
- | - | - | - | - | - | - | - | 1,132 |
Note receivable | ||||||||
- | - | - | - | - | - | - | - | 3,988 |
Net cash from (used in) investing activities | ||||||||
-139,358 | -467,479 | -121,551 | -44,303 | -49,817 | -38,478 | -44,968 | -30,610 | -63,849 |
Cash flows from (used in) financing activities | ||||||||
Redemption of senior notes | ||||||||
103,875 | 317,439 | 234,945 | 23,079 | 10,763 | 891,019 | 56,416 | 35,440 | 67,702 |
Proceeds from issuance of senior notes | ||||||||
205,500 | 350,000 | 550,000 | 0 | 0 | 650,000 | 74,472 | - | - |
Proceeds from (repayment of) revolving credit facilities, net | ||||||||
-58,404 | 36,560 | 22,281 | 0 | -23,058 | 26,254 | -5,640 | 6,031 | -20,491 |
Proceeds from issuance of notes and borrowings of debt | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Proceeds from issuance of shares | ||||||||
- | - | - | - | - | 53,859 | 0 | 0 | - |
Dividend payments | ||||||||
35,279 | 40,724 | 29,866 | 29,733 | 7,418 | 0 | 0 | - | - |
Payment of interest rate derivative liability | ||||||||
- | - | 6,887 | 10,883 | 13,530 | 0 | 0 | - | - |
Repurchase of common shares | ||||||||
754 | - | - | - | - | - | - | - | 10,623 |
Repayment of capital lease obligations | ||||||||
- | - | - | - | - | - | 2,593 | 2,733 | 4,095 |
Proceeds from sale and lease-back transactions | ||||||||
- | - | - | - | - | - | 0 | 0 | - |
Payment of debt issuance costs | ||||||||
4,213 | 10,074 | 11,620 | 0 | 326 | 20,169 | 3,855 | 2,570 | 0 |
Proceeds from government grants | ||||||||
6,467 | - | 600 | - | - | 6,699 | 9,265 | 5,045 | 20,049 |
Other | ||||||||
-3,344 | -3,462 | -812 | 1,318 | -1,569 | -1,376 | 0 | 0 | - |
Net cash from (used in) financing activities | ||||||||
6,098 | 14,861 | 288,751 | -62,377 | -56,664 | -175,752 | 15,233 | -29,667 | -82,862 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-429 | -4,297 | 10,716 | -2,065 | -7,338 | -14,628 | 3,699 | 2,302 | -4,166 |
Net decrease in cash and cash equivalents | ||||||||
110,594 | -220,247 | 319,842 | 32,037 | 45,401 | -84,270 | 10,289 | 1,140 | 3,699 |
Supplemental cash flow disclosure | ||||||||
Cash paid for interest | ||||||||
59,707 | 40,278 | 45,908 | 50,159 | 51,975 | 65,013 | 65,747 | 66,673 | 80,347 |
Cash paid for income taxes | ||||||||
52,877 | 16,149 | 10,866 | 13,352 | 8,784 | 3,718 | 7,307 | 5,003 | 4,450 |
Supplemental schedule of non-cash investing and financing activities: | ||||||||
Payment-in-kind note issued to acquire noncontrolling interest | ||||||||
- | - | - | - | - | 12,101 | 0 | 0 | - |
Leased production equipment | ||||||||
8,739 | 12,145 | 145 | 17,792 | - | - | - | 2,648 | 3,872 |
Increase (decrease) in receivables of government grants for long-term assets | ||||||||
- | - | - | - | - | - | - | -3,291 | -9,514 |
Increase (decrease) in accounts payable and accrued purchases for property, plant and equipment | ||||||||
- | - | - | - | - | - | - | 7,986 | 451 |