| 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), Including Portion Attributable to Noncontrolling Interest | |||||||||||
744,571 | 864,855 | 974,692 | 933,566 | 616,986 | 532,254 | 349,291 | 250,893 | 178,225 | 189,935 | -1,019 | -1,452,534 |
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: | |||||||||||
Impairment of goodwill and other intangibles | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,543,397 |
Restructuring | |||||||||||
90,341 | 58,991 | 37,085 | 38,463 | 33,085 | 16,497 | 69,489 | 18,564 | 23,209 | 12,341 | 57,412 | 29,617 |
Intangible asset impairment | |||||||||||
- | - | - | 47,905 | 0 | 0 | - | - | - | - | - | - |
Loss on sale of discontinued operation | |||||||||||
- | - | - | - | - | - | -12,478 | 0 | 0 | - | - | - |
Loss on sale of subsidiary | |||||||||||
- | - | - | - | - | -11,954 | 0 | 0 | - | - | - | - |
Depreciation and amortization | |||||||||||
576,452 | 521,765 | 446,672 | 409,467 | 362,647 | 345,570 | 308,871 | 280,293 | 297,734 | 296,773 | 303,004 | 295,054 |
Deferred income taxes | |||||||||||
-107,842 | 88,456 | -75,591 | -34,009 | -28,883 | -24,026 | -62,525 | 9,037 | -4,616 | -21,279 | -20,579 | 69,842 |
Loss on extinguishment of debt | |||||||||||
- | - | - | - | - | -20,001 | 0 | 0 | -1,116 | -7,514 | - | - |
Loss on disposal of property, plant and equipment | |||||||||||
-1,608 | 205 | -4,303 | -3,932 | -3,007 | -2,153 | -1,261 | -4,782 | 1,273 | 4,975 | -1,481 | -2,272 |
Tax deficit from stock-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | - | -342 | -334 |
Stock-based compensation expense | |||||||||||
23,620 | 31,382 | 36,322 | 35,059 | 32,552 | 27,961 | 18,311 | 14,082 | 10,159 | 6,888 | 9,653 | 11,991 |
Impairment of net investment in a manufacturer and distributor of ceramic tile in China | |||||||||||
59,906 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Other | |||||||||||
- | - | - | - | - | - | - | - | -1,257 | 0 | - | - |
Changes in operating assets and liabilities, net of effects of acquisitions: | |||||||||||
Receivables, net | |||||||||||
-81,953 | -13,856 | 60,566 | 158,888 | 14,383 | 107,705 | 96,313 | -10,888 | 85,391 | 12,273 | -102,799 | -118,199 |
Income tax receivable | |||||||||||
- | - | - | - | - | - | - | - | 1,631 | 68,740 | 72,515 | - |
Inventories | |||||||||||
-7,212 | 255,391 | 153,245 | 81,923 | -6,400 | 67,016 | 20,211 | 17,079 | 100,205 | 118,903 | -276,169 | -102,706 |
Other assets and prepaid expenses | |||||||||||
-3,625 | 79,482 | 52,115 | -54,267 | 75,813 | 30,376 | 6,554 | 9,864 | 12,434 | 11,791 | -17,320 | 23,774 |
Accounts payable and accrued expenses | |||||||||||
-52,065 | -69,847 | 25,365 | 85,572 | 6,473 | -49,204 | -23,921 | 39,181 | -11,124 | -86,947 | 11,510 | -127,905 |
Other liabilities | |||||||||||
-10,620 | 6,964 | 10,673 | 11,878 | -12,919 | -15,875 | -25,014 | -13,187 | 5,219 | -6,311 | -13,372 | 7,555 |
Net cash provided by operating activities | |||||||||||
1,418,761 | 1,181,344 | 1,193,595 | 1,345,289 | 929,152 | 662,188 | 525,163 | 587,590 | 300,993 | 319,712 | 672,205 | 576,086 |
Cash flows from investing activities: | |||||||||||
Additions to property, plant and equipment | |||||||||||
545,462 | 794,110 | 905,998 | 672,125 | 503,657 | 561,804 | 366,550 | 208,294 | 275,573 | 156,180 | 108,925 | 217,824 |
Proceeds from insurance claim | |||||||||||
- | - | - | - | - | - | - | - | - | 4,615 | - | - |
Acquisitions, net of cash acquired | |||||||||||
81,082 | 568,960 | 250,799 | 0 | 1,370,567 | -19 | 443,466 | 0 | 24,097 | 0 | 5,924 | 8,276 |
Purchases of short-term investments | |||||||||||
581,500 | 664,133 | 83,904 | 0 | 0 | - | - | - | - | - | - | - |
Redemption of short-term investments | |||||||||||
592,000 | 695,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Net change in cash from sale of subsidiary | |||||||||||
- | - | - | - | - | 3,867 | 0 | 0 | - | - | - | - |
Investment in joint venture | |||||||||||
- | - | - | - | - | - | - | 7,007 | 0 | 79,917 | - | - |
Net cash used in investing activities | |||||||||||
-616,044 | -1,332,203 | -1,240,701 | -672,125 | -1,874,224 | -565,652 | -810,016 | -215,301 | -299,670 | -231,482 | -114,849 | -226,100 |
Cash flows from financing activities: | |||||||||||
Payments on Senior Credit Facilities | |||||||||||
488,978 | 813,182 | 454,637 | 707,129 | 1,376,082 | 1,613,484 | 3,021,613 | 1,711,425 | 1,431,349 | 0 | 412,666 | 1,448,742 |
Proceeds from Senior Credit Facilities | |||||||||||
448,587 | 809,287 | 447,884 | 631,807 | 1,315,930 | 1,448,191 | 3,229,503 | 1,567,300 | 1,729,349 | 0 | 349,571 | 1,270,449 |
Payments on Commercial Paper | |||||||||||
15,168,820 | 16,756,404 | 15,584,017 | 20,210,585 | 15,934,767 | 7,424,751 | 0 | 0 | - | - | - | - |
Proceeds from Commercial Paper | |||||||||||
14,540,177 | 16,988,398 | 15,761,954 | 20,301,372 | 16,402,507 | 7,726,351 | 0 | 0 | - | - | - | - |
Change in asset securitization borrowings | |||||||||||
- | - | - | - | - | -200,000 | -20,000 | -280,000 | 0 | 0 | 47,000 | -143,000 |
Proceeds from Floating Rate Notes | |||||||||||
331,325 | 353,649 | 357,569 | 0 | 0 | 0 | - | - | - | - | - | - |
Payments on asset securitization borrowings | |||||||||||
0 | 0 | 500,000 | 0 | 0 | - | - | - | - | - | - | - |
Payments on Floating Rate Notes | |||||||||||
331,325 | 0 | 0 | 645,555 | 0 | 254,445 | 0 | 336,270 | 368,478 | 199,992 | - | - |
Payments on other debt | |||||||||||
4,295 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from senior note issuance | |||||||||||
- | - | - | - | 564,653 | - | 600,000 | 0 | 0 | - | - | - |
Proceeds from other debt | |||||||||||
- | - | - | - | -9,530 | -55,358 | -1,745 | -3,259 | 2,806 | -812 | 6,537 | -11,819 |
Payments of other debt and financing costs | |||||||||||
0 | 69,571 | 18,811 | 0 | 7,109 | 42,954 | 964,557 | 0 | 0 | - | - | - |
Debt issuance costs | |||||||||||
3,028 | 890 | 1,478 | 1,336 | 0 | 0 | 7,669 | 1,797 | 8,285 | 0 | 23,714 | - |
Debt extinguishment costs | |||||||||||
- | - | - | - | - | 18,921 | 0 | 0 | 1,734 | 7,514 | - | - |
Purchase of redeemable non-controlling and non-controlling interest | |||||||||||
0 | 34,944 | 0 | 0 | - | - | - | 35,000 | 0 | 0 | - | - |
Purchase of Mohawk common stock | |||||||||||
100,080 | 274,144 | 0 | 0 | - | - | - | - | - | - | - | - |
Distribution to non-controlling interest | |||||||||||
- | - | - | - | - | 1,087 | 0 | 423 | 4,764 | 3,472 | 4,402 | 6,052 |
Change in restricted cash | |||||||||||
- | - | - | - | - | - | - | - | 27,954 | -27,954 | - | - |
Tax deficit from stock-based compensation | |||||||||||
- | - | - | - | - | - | - | - | - | - | -342 | 334 |
Change in outstanding checks in excess of cash | |||||||||||
-4,664 | 5,753 | -3,402 | -1,754 | -2,052 | -1,920 | -7,468 | 7,890 | 17,590 | -17,900 | 5,288 | -12,007 |
Shares redeemed for taxes | |||||||||||
8,777 | 9,925 | 13,902 | 13,039 | 11,589 | - | - | - | - | - | - | - |
Proceeds from stock transactions | |||||||||||
1 | 2 | 1,845 | 4,583 | 4,843 | 12,828 | 46,776 | 16,153 | 3,787 | 2,445 | 884 | 1,915 |
Net cash (used in) provided by financing activities | |||||||||||
-789,877 | 198,029 | -6,995 | -641,636 | 946,804 | -25,550 | -106,773 | -216,831 | -33,124 | -255,199 | -125,844 | -348,922 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
2,895 | -13,004 | 17,320 | 8,445 | -17,917 | -27,175 | -31,980 | 10,269 | -10,471 | -10,272 | 6,427 | 2,851 |
Net change in cash and cash equivalents | |||||||||||
15,735 | 34,166 | -36,781 | 39,973 | -16,185 | 43,811 | -423,606 | 165,727 | -42,272 | -177,241 | 437,939 | 3,915 |