| 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) Attributable to Parent | |||||||||||
561,109 | 512,611 | 375,972 | 384,370 | 352,820 | 338,241 | 306,094 | 290,847 | 269,493 | 232,148 | 172,593 | 202,778 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||||||
Depreciation | |||||||||||
38,991 | 37,167 | 33,458 | 32,743 | 33,087 | 33,617 | 34,765 | 33,421 | 31,689 | 29,686 | 29,634 | 28,987 |
Amortization | |||||||||||
49,690 | 47,524 | 42,671 | 36,052 | 30,951 | 29,185 | 24,539 | 21,357 | 17,808 | 14,842 | 11,844 | 10,553 |
Deferred tax (benefit) provision | |||||||||||
11,203 | 2,302 | -2,745 | - | - | - | - | - | - | - | - | - |
Deferred tax benefit | |||||||||||
- | - | - | 1,878 | 7,137 | 15,362 | 8,816 | 5,420 | 2,592 | 4,058 | 3,766 | 4,137 |
Excess tax benefits from share-based payment arrangements | |||||||||||
- | - | - | - | - | 3,557 | 1,847 | -9,365 | -12,612 | -9,017 | -2,137 | 1,609 |
Share-based compensation | |||||||||||
18,285 | 17,579 | 16,582 | 15,306 | 14,223 | 13,611 | 12,639 | 13,185 | 12,270 | 12,385 | 11,367 | 8,698 |
Swiss tax reform (Note 14) | |||||||||||
-15,833 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Provisional one-time charge on US tax reform | |||||||||||
0 | 3,600 | 72,000 | 0 | 0 | - | - | - | - | - | - | - |
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | |||||||||||
0 | -18,674 | 0 | 0 | - | - | - | - | - | - | - | - |
Gain on facility sale | |||||||||||
- | - | - | - | 0 | - | - | - | - | - | - | - |
Other Comprehensive Income (Loss), Defined Benefit Plan, Settlement and Curtailment Gain (Loss), before Tax | |||||||||||
- | - | - | -8,189 | 0 | 0 | - | - | - | - | - | - |
Other | |||||||||||
-133 | 2,559 | 3,151 | -181 | -155 | -211 | -498 | 1,455 | -524 | 3,499 | 166 | -3,359 |
Increase (decrease) in cash resulting from changes in: | |||||||||||
Trade accounts receivable, net | |||||||||||
31,408 | 19,540 | 38,985 | 52,151 | -1,625 | -7,492 | 28,995 | -8,760 | -53,964 | -55,025 | 37,071 | -53 |
Inventories | |||||||||||
4,603 | 21,195 | 13,680 | 12,431 | 18,785 | 9,302 | 8,484 | 46,831 | -20,281 | -40,417 | 7,817 | 398 |
Other current assets | |||||||||||
335 | -622 | 6,251 | -291 | 5,119 | -4,392 | -1,606 | 3,583 | -301 | -20,107 | -5,801 | 3,713 |
Trade accounts payable | |||||||||||
-12,221 | 33,671 | 11,885 | 9,633 | 1,698 | 6,298 | 295 | -27,881 | 27,551 | 31,696 | -9,416 | -15,945 |
Taxes payable | |||||||||||
-6,176 | -1,528 | 13,615 | -3,072 | 2,879 | -461 | -3,540 | 7,482 | 5,374 | 6,613 | -6,844 | 5,416 |
Accruals and other | |||||||||||
-5,385 | -26,572 | 14,972 | 39,769 | 19,126 | -16,177 | -458 | -49,871 | 1,785 | 57,918 | -17,455 | -12,449 |
Net cash provided by operating activities | |||||||||||
603,450 | 565,005 | 516,325 | 460,758 | 439,797 | 418,912 | 345,928 | 327,704 | 280,880 | 268,279 | 232,605 | 223,149 |
Cash flows from investing activities: | |||||||||||
Proceeds from sale of property, plant and equipment | |||||||||||
1,422 | 8,190 | 11,973 | 423 | 949 | 728 | 211 | 426 | 2,485 | 350 | 2,081 | 13,307 |
Purchase of property, plant and equipment | |||||||||||
97,341 | 142,726 | 127,426 | 123,957 | 82,506 | 89,388 | 82,349 | 95,588 | 98,500 | 73,943 | 60,041 | 61,008 |
Payments to Acquire Businesses, Net of Cash Acquired | |||||||||||
2,004 | 5,527 | 108,445 | 111,381 | 13,779 | 5,784 | 2,661 | 2,098 | 35,373 | 13,064 | 14,620 | 999 |
Proceeds from divestiture | |||||||||||
- | - | - | - | - | - | - | - | - | 9,750 | 0 | - |
Net hedging settlements on intercompany loans | |||||||||||
1,160 | -1,119 | -6,554 | -3,459 | 5,415 | -123 | 1,224 | - | 903 | 108 | 0 | - |
Net cash used in investing activities | |||||||||||
-99,083 | -138,944 | -217,344 | -231,456 | -100,751 | -94,321 | -86,023 | -97,260 | -132,291 | -77,015 | -72,580 | -48,700 |
Cash flows from financing activities: | |||||||||||
Proceeds from borrowings | |||||||||||
1,435,081 | 940,615 | 1,244,195 | 905,774 | 741,864 | 628,832 | 556,059 | 445,425 | 469,599 | 714,575 | 261,436 | 306,602 |
Repayments of borrowings | |||||||||||
1,176,784 | 876,324 | 1,185,172 | 594,178 | 594,477 | 585,867 | 531,045 | 563,109 | 647,694 | 329,536 | 422,812 | 259,566 |
Proceeds from stock option exercises | |||||||||||
47,581 | 24,600 | 28,649 | 25,471 | 29,556 | 21,047 | 19,745 | 21,927 | 20,770 | 20,455 | 11,068 | 5,228 |
Repurchases of common stock | |||||||||||
774,999 | 474,999 | 399,997 | 499,992 | 494,966 | 414,000 | 294,976 | 278,672 | 204,578 | 239,998 | 5,988 | 229,671 |
Payment for Contingent Consideration Liability, Financing Activities | |||||||||||
10,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Excess tax benefits from share-based payment arrangements | |||||||||||
- | - | - | - | - | 3,557 | 1,847 | 9,365 | 12,612 | 9,017 | 2,137 | 1,609 |
Acquisition Contingent Consideration Payment | |||||||||||
- | - | - | - | 572 | 859 | 0 | 325 | 7,750 | 0 | 0 | - |
Payments of Debt Issuance Costs | |||||||||||
- | - | - | 680 | 1,366 | 941 | 1,522 | 363 | 3,144 | 0 | 670 | 3,349 |
Debt extinguishment costs | |||||||||||
- | - | - | - | - | - | - | - | - | - | 1,316 | - |
Proceeds from (Payments for) Other Financing Activities | |||||||||||
1,753 | -1,914 | -7,205 | - | - | - | - | -645 | -284 | -6,590 | -1,298 | 615 |
Net cash used in financing activities | |||||||||||
-477,368 | -388,022 | -319,530 | -163,605 | -319,961 | -348,231 | -249,892 | -366,397 | -360,469 | 167,923 | -157,443 | -178,532 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
2,676 | -8,616 | 10,562 | -5,910 | -5,461 | -2,971 | 159 | 2,054 | -96 | 3,359 | 4,376 | 934 |
Net increase (decrease) in cash and cash equivalents | |||||||||||
29,675 | 29,423 | -9,987 | 59,787 | 13,624 | -26,611 | 10,172 | -133,899 | -211,976 | 362,546 | 6,958 | -3,149 |
Supplemental disclosures of cash flow information: | |||||||||||
Interest | |||||||||||
37,499 | 34,451 | 33,333 | 28,025 | 27,303 | 23,219 | 22,121 | 19,252 | 17,804 | 15,019 | 19,256 | 21,904 |
Taxes | |||||||||||
129,347 | 132,410 | 109,730 | 92,586 | 85,458 | 95,143 | 83,200 | 78,009 | 69,656 | 60,101 | 51,361 | 53,332 |