| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating cash flows: | ||||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||||
1,773,000 | 1,670,000 | 1,512,000 | 1,795,000 | 1,636,000 | 1,497,000 | 1,385,000 | 1,201,000 | 1,015,000 | 871,000 | 241,000 | -62,000 | 2,489,000 |
Adjustments to reconcile net income to cash provided by operations: | ||||||||||||
Goodwill impairment charge | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 315,000 | 540,000 | - |
Depreciation and amortization of fixed assets and capitalized software | ||||||||||||
333,000 | 311,000 | 312,000 | 308,000 | 314,000 | 302,000 | 286,000 | 277,000 | 267,000 | 291,000 | 307,000 | 332,000 | 366,000 |
Amortization of Intangible Assets | ||||||||||||
314,000 | 183,000 | 169,000 | 130,000 | 109,000 | 86,000 | 72,000 | 72,000 | 65,000 | 66,000 | 58,000 | 72,000 | 76,000 |
Non cash lease expense | ||||||||||||
315,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Intangible asset impairment | ||||||||||||
- | - | - | - | - | - | 5,000 | 8,000 | 0 | 0 | - | - | - |
Adjustments and payments related to contingent consideration liability | ||||||||||||
27,000 | -4,000 | -24,000 | -33,000 | 11,000 | 19,000 | 24,000 | -44,000 | 0 | 0 | - | - | - |
Loss on deconsolidation of entity | ||||||||||||
0 | -11,000 | 0 | 11,000 | 0 | 0 | - | - | - | - | - | - | - |
Gain (Loss) on Extinguishment of Debt | ||||||||||||
-32,000 | 0 | 0 | - | - | -137,000 | -24,000 | 0 | -72,000 | 0 | 0 | - | - |
Provision for deferred income taxes | ||||||||||||
84,000 | -39,000 | 396,000 | 68,000 | 178,000 | 127,000 | 184,000 | 96,000 | 178,000 | 16,000 | 42,000 | 103,000 | 12,000 |
Gain (Loss) on Investments | ||||||||||||
22,000 | -12,000 | 15,000 | 0 | 38,000 | 37,000 | 69,000 | 24,000 | 8,000 | 40,000 | -8,000 | -20,000 | 176,000 |
Gain on disposition of assets | ||||||||||||
-56,000 | 48,000 | -10,000 | -6,000 | 13,000 | 38,000 | -1,000 | -23,000 | -35,000 | 17,000 | -56,000 | -52,000 | 1,833,000 |
Share-based compensation expense | ||||||||||||
252,000 | 193,000 | 149,000 | 109,000 | 88,000 | 93,000 | 129,000 | 177,000 | 21,000 | 18,000 | 11,000 | 34,000 | 71,000 |
Change in fair value of acquisition-related derivative contracts | ||||||||||||
8,000 | 441,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Changes in assets and liabilities: | ||||||||||||
Net receivables | ||||||||||||
130,000 | 78,000 | 454,000 | 154,000 | 52,000 | 58,000 | 245,000 | 144,000 | -143,000 | 216,000 | 81,000 | -270,000 | 321,000 |
Other current assets | ||||||||||||
13,000 | -26,000 | 3,000 | 9,000 | -3,000 | -8,000 | -1,000 | 37,000 | 225,000 | -51,000 | 28,000 | 18,000 | -370,000 |
Other assets | ||||||||||||
1,000 | 37,000 | 199,000 | -34,000 | 10,000 | -13,000 | 141,000 | -44,000 | 94,000 | 216,000 | -118,000 | 106,000 | -49,000 |
Accounts payable and accrued liabilities | ||||||||||||
120,000 | 23,000 | 87,000 | 55,000 | -125,000 | 45,000 | 106,000 | -210,000 | 108,000 | -55,000 | 124,000 | -149,000 | -350,000 |
Accrued compensation and employee benefits | ||||||||||||
154,000 | 68,000 | 63,000 | 2,000 | 23,000 | 167,000 | -8,000 | 72,000 | 107,000 | -13,000 | 92,000 | -76,000 | -28,000 |
Accrued income taxes | ||||||||||||
42,000 | -40,000 | 37,000 | -21,000 | -15,000 | 33,000 | 43,000 | 44,000 | 1,000 | 32,000 | -95,000 | -159,000 | -1,141,000 |
Contributions to pension and other benefit plans in excess of current year credit | ||||||||||||
369,000 | 291,000 | 457,000 | 279,000 | 231,000 | 152,000 | 432,000 | 117,000 | - | - | - | - | - |
Other liabilities | ||||||||||||
-172,000 | 9,000 | 406,000 | -97,000 | -60,000 | -196,000 | 8,000 | -81,000 | 32,000 | -145,000 | -487,000 | -119,000 | 64,000 |
Operating lease liabilities | ||||||||||||
-327,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Effect of exchange rate changes | ||||||||||||
-115,000 | 18,000 | -96,000 | 104,000 | 70,000 | 73,000 | -32,000 | -35,000 | -12,000 | -79,000 | 41,000 | -206,000 | -49,000 |
Net cash used for operations | ||||||||||||
2,361,000 | 2,428,000 | 1,893,000 | 2,007,000 | 1,888,000 | 2,119,000 | 1,341,000 | 1,322,000 | 1,705,000 | 722,000 | 640,000 | 940,000 | -303,000 |
Financing cash flows: | ||||||||||||
Payments for Repurchase of Common Stock | ||||||||||||
485,000 | 675,000 | 900,000 | 800,000 | 1,400,000 | 800,000 | 550,000 | 230,000 | 361,000 | 86,000 | 0 | - | 1,309,000 |
Net increase in commercial paper | ||||||||||||
- | - | - | 50,000 | 0 | 0 | - | - | - | - | - | - | - |
Net increase in short term borrowings | ||||||||||||
300,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of debt | ||||||||||||
6,459,000 | 591,000 | 987,000 | 347,000 | 1,091,000 | 1,386,000 | 547,000 | 248,000 | 496,000 | 0 | 398,000 | - | 3,000 |
Repayments of debt | ||||||||||||
1,064,000 | 263,000 | 315,000 | 12,000 | 61,000 | 331,000 | 260,000 | 259,000 | 11,000 | 559,000 | 408,000 | 260,000 | 1,120,000 |
Payment of bridge loan fees | ||||||||||||
0 | 35,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Payments for early extinguishment of debt | ||||||||||||
585,000 | 0 | 0 | - | - | 765,000 | 274,000 | 0 | 672,000 | 0 | 0 | - | - |
Purchase of non-controlling interests | ||||||||||||
80,000 | 0 | 0 | - | - | - | - | - | 21,000 | 15,000 | 24,000 | - | - |
Acquisition-related derivative payments | ||||||||||||
337,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Shares withheld for taxes on vested units – treasury shares | ||||||||||||
89,000 | 67,000 | 49,000 | 39,000 | 49,000 | 64,000 | 79,000 | 97,000 | 93,000 | -59,000 | -33,000 | -39,000 | - |
Issuance of common stock from treasury shares | ||||||||||||
158,000 | 93,000 | 166,000 | 188,000 | 224,000 | 263,000 | 352,000 | 248,000 | 162,000 | 41,000 | 34,000 | 68,000 | 113,000 |
Payments of deferred and contingent consideration for acquisitions | ||||||||||||
65,000 | 117,000 | 136,000 | 98,000 | 49,000 | 55,000 | 9,000 | 30,000 | 16,000 | 0 | 0 | - | - |
Distributions of non-controlling interests | ||||||||||||
16,000 | 30,000 | 22,000 | 21,000 | 30,000 | 20,000 | 28,000 | 16,000 | - | 0 | 0 | - | - |
Distributions of non-controlling interests | ||||||||||||
- | - | - | - | - | - | - | - | -11,000 | - | - | - | - |
Dividends paid | ||||||||||||
890,000 | 807,000 | 740,000 | 682,000 | 632,000 | 582,000 | 533,000 | 497,000 | 480,000 | 452,000 | 431,000 | 412,000 | 413,000 |
Net cash provided by financing activities | ||||||||||||
3,306,000 | -1,310,000 | -1,009,000 | -1,067,000 | -906,000 | -968,000 | -834,000 | -633,000 | -1,007,000 | -1,130,000 | -464,000 | -643,000 | -2,726,000 |
Investing cash flows: | ||||||||||||
Capital expenditures | ||||||||||||
421,000 | 314,000 | 302,000 | 253,000 | 325,000 | 368,000 | 401,000 | 320,000 | 280,000 | 271,000 | 305,000 | 386,000 | 378,000 |
Net sales of long-term investments | ||||||||||||
-183,000 | -4,000 | 13,000 | -2,000 | 65,000 | -6,000 | -93,000 | -20,000 | -62,000 | -91,000 | -53,000 | -97,000 | -211,000 |
Purchase of equity investment | ||||||||||||
91,000 | 0 | 0 | - | - | 304,000 | 0 | 0 | - | - | - | - | - |
Proceeds from sales of fixed assets | ||||||||||||
10,000 | 3,000 | 8,000 | 4,000 | 2,000 | 3,000 | 5,000 | 6,000 | 3,000 | 6,000 | 7,000 | 11,000 | 11,000 |
Dispositions | ||||||||||||
229,000 | 110,000 | 0 | 0 | 71,000 | 0 | 5,000 | 0 | 0 | 1,202,000 | 75,000 | 56,000 | 3,357,000 |
Payments to Acquire Businesses, Net of Cash Acquired | ||||||||||||
5,505,000 | 884,000 | 655,000 | 813,000 | 952,000 | 554,000 | 142,000 | 292,000 | 237,000 | 492,000 | 73,000 | 126,000 | 206,000 |
Other, net | ||||||||||||
76,000 | 8,000 | -6,000 | -4,000 | -4,000 | 5,000 | 6,000 | -3,000 | 5,000 | 1,000 | -7,000 | - | -1,000 |
Net cash used for investing activities | ||||||||||||
-5,671,000 | -1,089,000 | -956,000 | -1,056,000 | -1,265,000 | -1,222,000 | -446,000 | -583,000 | -457,000 | 535,000 | -236,000 | -348,000 | 2,996,000 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||||
93,000 | -168,000 | 251,000 | -232,000 | -301,000 | -274,000 | -59,000 | 82,000 | -22,000 | -10,000 | 152,000 | -397,000 | 77,000 |
Increase in cash and cash equivalents and cash held in escrow | ||||||||||||
89,000 | -139,000 | 179,000 | -348,000 | -584,000 | -345,000 | 2,000 | 188,000 | 219,000 | 117,000 | 92,000 | -448,000 | 44,000 |