| 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 | |||||||||||
Consolidated net income | |||||||||||
106,232 | 106,820 | 87,011 | 99,754 | 88,407 | 102,534 | 173,289 | 83,673 | 87,086 | 87,535 | 5,337 | 82,610 |
Reconciliation of consolidated net income to net cash provided by (used in) operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
37,300 | 35,100 | 30,800 | 30,800 | 30,556 | 30,205 | 30,946 | 30,326 | 35,966 | 39,656 | 40,867 | 43,666 |
Insurance proceeds - noncapital related | |||||||||||
485 | 2,306 | 500 | 0 | 0 | - | 32,395 | 14,250 | 10,000 | 5,561 | 7,338 | 4,954 |
Change in the fair value of contingent consideration | |||||||||||
3,625 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Insurance recovery | |||||||||||
485 | 3,681 | 0 | 0 | - | - | - | - | - | - | - | - |
Amortization of Subordinated Debenture costs | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 539 |
Stock-based compensation expense | |||||||||||
8,744 | 8,035 | 7,450 | 6,387 | 6,244 | 6,265 | 5,704 | 6,136 | 3,482 | 2,877 | 2,633 | 2,915 |
Recovery of doubtful accounts receivable | |||||||||||
- | - | - | 50 | -130 | -500 | -273 | 837 | -229 | 4,763 | 506 | 2,654 |
Amortization of intangibles | |||||||||||
5,356 | 4,437 | 3,144 | 4,306 | 4,052 | 3,530 | 1,448 | 1,169 | 899 | 708 | 701 | 679 |
Amortization of debt issuance costs | |||||||||||
318 | 318 | 303 | 569 | 432 | 341 | 299 | 438 | 397 | 288 | 190 | - |
Loss from unconsolidated affiliates | |||||||||||
-24,594 | -12,645 | -2,077 | 1,861 | 0 | 0 | - | - | - | - | - | - |
Gain (Loss) on Disposition of Business | |||||||||||
0 | 0 | 1,491 | 0 | 15,376 | - | - | - | - | - | - | - |
Insurance settlements | |||||||||||
- | - | - | - | - | - | 106,332 | 1,500 | 0 | -22,736 | 0 | 0 |
Gain on sale of plastic fittings manufacturing assets | |||||||||||
- | - | - | - | - | - | - | - | 0 | - | - | - |
Gain on early retirement of debt | |||||||||||
- | - | - | - | - | - | - | - | - | - | 128 | -21,575 |
Loss on disposals of properties | |||||||||||
963 | 253 | 624 | 651 | -561 | 5,405 | 42,300 | -1,411 | 202 | -756 | -683 | 598 |
Impairment charges | |||||||||||
0 | 0 | 1,466 | 6,778 | 0 | 0 | 4,304 | 0 | 0 | - | 29,755 | 18,000 |
Income tax benefit from exercise of stock options | |||||||||||
- | - | - | - | 972 | 837 | 719 | 2,528 | 853 | -145 | -203 | -92 |
Deferred income tax expense (benefit) | |||||||||||
-428 | 170 | -3,160 | 6,998 | -15,818 | -6,495 | 19,213 | -1,284 | -4,190 | -6,627 | -2,554 | -4,465 |
Changes in assets and liabilities, net of effects of business acquired: | |||||||||||
Receivables | |||||||||||
-6,505 | 11,342 | 1,779 | 16,502 | -51,660 | 21,432 | -19,383 | 23,690 | -28,716 | 46,494 | 6,988 | 89,051 |
Inventories | |||||||||||
-39,561 | -27,512 | 86,286 | -6,662 | -41,086 | -1,381 | -5,963 | 4,834 | 15,678 | 17,248 | -22,699 | 44,591 |
Other assets | |||||||||||
15,639 | -14,353 | 5,325 | -5,808 | -12,449 | 23,652 | -562 | 14,985 | -460 | -2,974 | 505 | -3,027 |
Current liabilities | |||||||||||
-7,076 | -15,680 | 10,678 | 5,646 | -45,585 | 5,849 | -14,139 | 8,368 | 7,966 | 4,913 | -21,161 | -89,538 |
Other liabilities | |||||||||||
-7,944 | -14,769 | 64 | 1,518 | 436 | -2,223 | -1,935 | 9,345 | -1,593 | -623 | -1,808 | 12,741 |
Other, net | |||||||||||
-322 | -1,903 | 833 | -1,589 | -1,607 | -1,044 | -705 | -1,165 | -1,522 | -199 | -26 | 1,459 |
Net cash provided by (used in) operating activities | |||||||||||
200,544 | 167,892 | 43,995 | 157,778 | 159,609 | 90,605 | 128,513 | 108,297 | 153,749 | 56,357 | 77,388 | 185,760 |
Cash flows from investing activities | |||||||||||
Capital expenditures | |||||||||||
31,162 | 38,481 | 46,131 | 37,497 | 28,834 | 39,173 | 41,349 | 56,825 | 18,751 | 18,678 | 13,942 | 22,261 |
Acquisition of business, net of cash acquired | |||||||||||
-3,465 | 167,677 | 18,396 | 20,533 | 105,944 | 30,137 | 55,276 | 11,561 | 6,882 | 2,021 | 0 | 0 |
Insurance proceeds - capital related | |||||||||||
0 | 1,968 | 0 | 0 | - | - | 29,910 | 42,250 | 0 | 18,798 | 0 | 0 |
Investments in unconsolidated affiliates | |||||||||||
16,000 | 1,609 | 3,317 | 0 | 65,900 | 0 | 0 | - | - | - | - | - |
Proceeds from sales of assets | |||||||||||
3,240 | 18,703 | 31,564 | 10,304 | 5,538 | 33,788 | 65,147 | 517 | 1,984 | 71 | 611 | 81 |
Net withdrawals from (deposits to) restricted cash balances | |||||||||||
- | - | - | - | -4,333 | 2,902 | 1,417 | -9,243 | 3,055 | 156 | -7,013 | 10,945 |
Net cash used in investing activities | |||||||||||
-40,457 | -187,096 | -36,280 | -47,726 | -190,807 | -38,424 | -2,985 | -16,376 | -26,704 | -1,986 | -6,318 | -33,125 |
Cash flows from financing activities | |||||||||||
Dividends paid to stockholders of Mueller Industries, Inc. | |||||||||||
22,325 | 22,705 | 196,944 | 21,224 | 16,903 | 16,819 | 13,941 | 14,891 | 15,146 | 15,074 | 14,944 | 14,847 |
Repayment of debt by consolidated joint ventures, net | |||||||||||
4,305 | 2,915 | 3,369 | 2,265 | -23,567 | 7,258 | 857 | -14,429 | 6,162 | 6,848 | 131 | -25,564 |
Payments of Ordinary Dividends, Noncontrolling Interest | |||||||||||
- | - | - | 3,765 | 0 | 0 | - | - | - | 741 | 1,449 | 0 |
Repurchase of common stock | |||||||||||
1,763 | 33,562 | 0 | 0 | - | - | - | 427,446 | 0 | 0 | - | 32 |
Dividends paid to noncontrolling interests | |||||||||||
846 | 592 | 2,909 | - | - | - | - | - | - | - | - | - |
Issuance of long-term debt | |||||||||||
100,658 | 204,233 | 71,475 | 3,500 | 0 | 0 | - | 200,000 | 0 | 0 | - | - |
Repayments of long-term debt | |||||||||||
206,718 | 172,002 | 111,224 | 1,074 | 1,000 | 1,050 | 1,000 | 149,176 | 750 | 0 | 370 | 126,877 |
Payment of contingent consideration | |||||||||||
3,170 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Net cash received (used) to settle stock-based awards | |||||||||||
1,225 | 726 | 1,595 | 1,306 | 760 | 777 | -228 | -4,181 | 3,879 | 2,428 | 8,275 | 1,167 |
Income tax benefit from exercise of stock options | |||||||||||
- | - | - | - | 972 | 837 | 719 | 2,528 | 853 | 145 | 203 | 92 |
Debt issuance costs | |||||||||||
- | - | - | 957 | 0 | 0 | 50 | 1,053 | 1,942 | 0 | 0 | - |
Net cash provided by financing activities | |||||||||||
-139,694 | -28,269 | -244,566 | -22,561 | -41,258 | -10,551 | -13,643 | -408,648 | -6,944 | -6,394 | -8,154 | -166,061 |
Effect of exchange rate changes on cash | |||||||||||
511 | -1,952 | 2,945 | -5,686 | -4,834 | -1,296 | 981 | 1,499 | -78 | 161 | 4,225 | -16,332 |
(Decrease) increase in cash, cash equivalents, and restricted cash | |||||||||||
20,904 | -49,425 | -233,906 | 81,805 | -77,290 | 40,334 | 112,866 | -315,228 | 120,023 | 48,138 | 67,141 | -29,758 |