| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||||
Consolidated net income | |||||||||||
136,400 | 173,200 | 199,000 | 137,100 | 111,600 | 95,500 | 83,400 | 76,200 | 70,254 | 69,886 | -20,904 | 68,470 |
Gain from discontinued operations | |||||||||||
- | - | - | - | - | 2,100 | -5,800 | -2,500 | -2,532 | - | -3,151 | 10,282 |
Income from continuing operations | |||||||||||
- | - | - | - | - | 93,400 | 89,200 | 78,700 | 72,786 | - | -17,753 | 58,188 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation, depletion and amortization | |||||||||||
98,400 | 94,300 | 91,000 | 91,900 | 98,300 | 84,400 | 47,300 | 51,100 | 58,175 | 63,981 | 72,401 | 80,146 |
Changes in operating assets and liabilities | |||||||||||
Accounts receivable | |||||||||||
-9,900 | 3,000 | 27,300 | 4,900 | -36,600 | -5,200 | 10,500 | 200 | 14,541 | 7,577 | 7,680 | 9,060 |
Inventories | |||||||||||
16,000 | 14,700 | 25,200 | -3,100 | -3,100 | -19,500 | 6,500 | -6,400 | 7,059 | 3,713 | -58,835 | -35,595 |
Pension plan funding | |||||||||||
-7,700 | -24,200 | -10,800 | -10,500 | -10,400 | -7,600 | -11,400 | -17,000 | -6,650 | -8,466 | -8,642 | -3,180 |
Accounts payable | |||||||||||
-5,100 | -11,200 | 28,000 | -4,800 | -9,700 | 16,000 | -800 | -4,400 | 25,426 | 6,351 | 5,455 | 3,959 |
Amount of amortization expense attributable to right-of-use asset from operating lease. | |||||||||||
12,700 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Loss on disposal of property, plant and equipment | |||||||||||
-1,900 | -2,800 | -1,800 | -1,900 | -100 | -500 | -1,200 | -1,100 | -288 | -941 | -793 | 989 |
Deferred income taxes | |||||||||||
-1,400 | 15,400 | -76,100 | -10,900 | -2,500 | -21,100 | 4,400 | 1,300 | 1,250 | 1,772 | -23,989 | -3,001 |
The charge against earnings resulting from the amortization of pension and the charges against earnings resulting from pension settlements. | |||||||||||
9,200 | 13,400 | 7,400 | 7,900 | 9,900 | 5,100 | 11,800 | 11,500 | 7,417 | - | 18,833 | 11,293 |
Bad debt expense | |||||||||||
6,300 | 3,200 | 3,800 | 6,200 | 2,600 | 2,400 | 600 | 1,000 | 878 | 49 | 1,271 | 159 |
Share based compensation costs | |||||||||||
8,100 | 6,200 | 8,100 | 6,300 | 11,200 | 5,900 | 5,200 | 5,500 | 7,237 | 5,860 | 5,780 | 4,952 |
Impairment of assets | |||||||||||
7,500 | 700 | 5,300 | 18,500 | 34,200 | 23,700 | 0 | 0 | - | - | 39,831 | 209 |
Non-cash debt modification costs during the period. | |||||||||||
0 | 0 | 1,800 | 0 | 0 | - | - | - | - | - | - | - |
Other non-cash items | |||||||||||
1,900 | 3,500 | 1,700 | 3,100 | 200 | 7,500 | 500 | 600 | 41 | 189 | 0 | 0 |
Restructuring liabilities | |||||||||||
2,400 | -4,900 | 4,500 | -4,300 | -3,000 | 14,600 | -300 | -1,100 | -2,550 | -4,741 | 1,442 | -7,639 |
Income taxes payable | |||||||||||
2,500 | -7,400 | -12,600 | 5,400 | -15,400 | 51,000 | -1,500 | 3,700 | -712 | 6,829 | 2,090 | 4,333 |
Tax benefits related to stock incentive programs | |||||||||||
- | - | - | - | - | -3,700 | -500 | -500 | -166 | -136 | -42 | 1,696 |
Prepaid expenses and other | |||||||||||
24,900 | 36,700 | -10,600 | 14,700 | -3,600 | -9,900 | -7,800 | -3,400 | 5,787 | -3,164 | -8,558 | 254 |
Other | |||||||||||
- | - | - | - | - | - | - | - | -305 | -7,758 | 778 | 4,296 |
Net cash provided by operating activities | |||||||||||
- | - | - | - | - | 314,100 | 137,500 | 142,100 | 136,670 | - | 156,489 | 130,119 |
Net cash used in discontinued operations | |||||||||||
- | - | - | - | - | -3,300 | -2,700 | -2,200 | -3,011 | - | 4,340 | 4,092 |
Net cash provided by operating activities | |||||||||||
238,300 | 203,600 | 207,600 | 225,100 | 270,000 | 310,800 | 134,800 | 139,900 | 133,659 | 142,419 | 160,829 | 134,211 |
Investing Activities: | |||||||||||
Purchases of property, plant and equipment, net | |||||||||||
65,000 | 75,900 | 76,700 | 62,400 | 86,000 | 81,800 | 43,800 | 52,100 | 52,060 | 34,518 | 26,591 | 31,027 |
Proceeds from sale of short-term investments | |||||||||||
7,700 | 6,100 | 3,800 | 8,000 | 1,100 | 18,700 | 3,000 | 9,300 | 9,380 | 4,125 | 10,052 | 6,654 |
Acquisition of business, net of cash acquired | |||||||||||
0 | 122,500 | 0 | 0 | - | 1,802,300 | 0 | 0 | - | - | - | - |
Proceeds from sales of assets | |||||||||||
0 | 900 | 1,400 | 1,400 | 5,000 | 9,400 | 0 | - | - | - | - | - |
Proceeds from disposal of property, plant and equipment | |||||||||||
- | - | - | - | - | - | - | 200 | 78 | 39 | 838 | 609 |
Purchases of short-term investments | |||||||||||
5,500 | 7,700 | 4,500 | 6,700 | 4,700 | 6,300 | 5,400 | 5,400 | 12,423 | 10,738 | 7,144 | 10,007 |
Net cash used in investing activities | |||||||||||
- | - | - | - | - | - | - | - | - | - | -22,845 | -33,771 |
Net cash provided by investing activities - discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | 4,428 | 14,978 |
Net cash used in investing activities | |||||||||||
-62,000 | -200,000 | -77,500 | -61,600 | -84,600 | -1,863,000 | -46,200 | -48,000 | -55,025 | -41,092 | -18,417 | -18,793 |
Other investing activities | |||||||||||
-800 | 900 | 1,500 | 1,900 | 0 | 700 | 0 | 0 | - | - | - | - |
Debt issuance costs | |||||||||||
0 | 1,500 | 0 | 0 | - | 38,200 | 0 | 0 | - | - | - | - |
Financing Activities: | |||||||||||
Proceeds from issuance of long-term debt | |||||||||||
- | - | - | 7,200 | 11,800 | 1,546,100 | 75,000 | 0 | 1,596 | 0 | 0 | - |
Repayment of long-term debt | |||||||||||
88,200 | 66,300 | 118,900 | 193,200 | 191,800 | 175,000 | 77,300 | 8,600 | 275 | 4,600 | 4,000 | 17,114 |
Proceeds from issuance of short-term debt | |||||||||||
0 | 113,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Repayment of short-term debt | |||||||||||
4,000 | 14,000 | 200 | -100 | 1,300 | 100 | -1,200 | 1,000 | 2,030 | -1,331 | -8,249 | 4,840 |
Purchase of common stock for treasury | |||||||||||
41,000 | 21,700 | 700 | 2,600 | 0 | 0 | 51,800 | 25,900 | 48,004 | 27,922 | 0 | 45,281 |
Proceeds from issuance of stock under option plan | |||||||||||
2,200 | 3,000 | 14,600 | 5,500 | 2,500 | 3,400 | 12,100 | 8,200 | 5,912 | 1,086 | 172 | 11,538 |
Excess tax benefits related to stock incentive programs | |||||||||||
1,700 | 3,100 | 3,600 | -300 | 500 | 700 | 2,300 | 300 | 6 | 53 | 12 | 610 |
Purchase of non-controlling interest share | |||||||||||
- | - | - | - | - | 2,100 | 0 | 0 | 0 | 0 | - | - |
Dividends paid to non-controlling interests | |||||||||||
4,200 | 1,800 | 2,400 | 4,900 | 1,100 | 3,300 | 2,400 | 4,600 | - | - | - | - |
Capital contribution from non-controlling interests | |||||||||||
600 | 3,700 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash dividends paid | |||||||||||
7,000 | 7,100 | 7,000 | 7,000 | 7,000 | 6,900 | 6,900 | 4,400 | 3,601 | 3,720 | 3,743 | 3,782 |
Net cash used in financing activities | |||||||||||
-143,300 | 4,200 | -118,200 | -194,800 | -183,800 | 1,324,800 | -50,200 | -34,000 | -42,336 | -36,434 | -15,808 | -49,189 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-200 | -11,200 | 11,800 | -9,600 | -21,800 | -13,300 | -2,200 | 1,000 | -8,973 | -8,012 | 2,466 | -13,338 |
Net decrease in cash and cash equivalents | |||||||||||
32,800 | -3,400 | 23,700 | -40,900 | -20,200 | -240,700 | 36,200 | 58,900 | 27,325 | 56,881 | 129,070 | 52,891 |
Non-cash financing activities: | |||||||||||
Treasury stock purchases settled after period end | |||||||||||
1,100 | 300 | 0 | 0 | - | - | - | - | 0 | 2,069 | 0 | 0 |