Newmarket corporation (NEU)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

254,286

234,734

190,509

243,441

238,603

233,255

264,742

239,593

206,907

177,125

162,283

73,227

Adjustments to reconcile net income to cash flows from operating activities:
Depreciation and amortization

87,560

71,759

55,340

44,893

42,265

41,538

46,144

43,389

43,352

39,134

31,573

27,967

Noncash pension and postretirement expense

-

-

-

12,829

22,037

16,751

23,083

18,855

-

-

-

-

Noncash foreign exchange loss

-

-

-

-

-

-

-

-

-

603

-1,812

-664

Deferred income tax expense

7,384

14,527

27,375

19,185

150

8,208

1,026

-1,976

2,375

1,933

4,257

3,318

Tax Reform Act expense

0

0

31,375

0

0

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

1,247

1,001

Noncash environmental remediation and dismantling

-

-

-

-

-

-

-

-

-

3,554

4,177

1,490

Noncash pension benefits expense

-

-

-

-

-

-

-

-

13,719

13,911

13,578

11,752

Noncash postretirement benefits expense

-

-

-

-

-

-

-

-

2,780

2,832

2,647

2,694

Gain on sale of discontinued business

-

-

-

-

-

-

35,770

0

0

-

-

-

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-9,932

0

0

-

-

Stock award

-

-

-

-

-

-

-

-

-

-

0

0

Gain on legal settlement, net

-

-

-

-

-

-

-

-

38,656

0

0

-3,227

Restricted stock award

-

-

-

-

-

-

-

-

-

2,790

-

-

Gain on sale of equity securities

-

-

-

-

-

-

-

-

-

0

-

-

Unrealized gain on derivative instruments, net

-

-

-

-

1,656

-2,179

11,550

-663

-12,642

-8,016

-11,440

91

Change in assets and liabilities:
Trade and other accounts receivable, net

22,587

-14,096

-250

38,231

-7,215

6,891

8,606

15,027

16,225

34,815

66

11,514

Inventories

-31,884

29,672

44,936

-14,480

21,747

51,827

-3,133

12,945

33,154

74,852

-26,097

36,438

Prepaid expenses and other current assets

2,742

-702

2,715

-8,790

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-1,464

-404

1,897

-5,641

13,721

-24,281

30,893

79

Accounts payable and accrued expenses

8,859

-19,638

17,955

18,455

-8,809

8,059

5,834

11,369

1,976

11,718

30,740

-46,518

Operating lease liabilities

-16,496

0

0

-

-

-

-

-

-

-

-

-

Other current liabilities

1,866

-10,169

1,595

10,149

-8,241

2,414

-

-

-

-1,167

1,231

-

Income taxes payable

3,979

-9,731

-8,475

7,172

6,856

-4,727

1,347

-3,281

-887

10,671

-2,870

3,456

Cash pension and postretirement contributions

9,932

64,756

26,264

25,898

26,813

26,505

32,483

32,431

-

-

-

-

Cash pension benefits contributions

-

-

-

-

-

-

-

-

29,447

20,333

23,728

-15,350

Cash postretirement benefits contributions

-

-

-

-

-

-

-

-

1,929

1,835

1,280

-1,948

Cash payment for 7.125% senior notes redemption premium

-

-

-

-

-

-

-

-

-

0

-

-

Proceeds from legal settlements

-

-

-

-

-

5,150

5,100

5,050

25,000

0

0

3,227

Realized loss on derivative instruments, net

-

-

-

-4,825

-4,877

-4,946

-

-

-

-2,308

92

-

Excess tax benefits from stock-based payment arrangements

-

-

-

-

-

-

-

-

-

711

0

945

Other, net

-6,849

-3,941

786

33,344

11,826

2,004

17,831

3,979

9,866

90

-6,478

7,962

Net Cash Provided by (Used in) Operating Activities

337,212

197,911

242,795

353,434

268,027

234,958

277,934

272,811

184,598

164,047

225,675

20,648

Cash flows from investing activities:
Capital expenditures

59,434

74,638

148,713

142,874

126,499

59,716

58,476

38,753

53,515

36,406

89,133

31,799

Payments on settlement of interest rate swap

-

-

-

-

-

-

-

-

-

44,072

38,730

0

Receipts from settlement of interest rate swap

-

-

-

-

-

-

-

-

-

36,180

23,460

0

Payments on settlement of interest rate swap

-

-

-

-

-

-

-

-

-

2,574

0

0

Receipts from settlement of interest rate swap

-

-

-

-

-

-

-

-

-

266

0

0

Proceeds from sale of equity securities

-

-

-

-

-

-

-

-

-

0

-

-

Proceeds from sale of short-term investment

-

-

-

-

-

-

-

-

-

0

0

-

Foundry Park I capital expenditures

-

-

-

-

-

-

-

-

-

-

-

42,820

Acquisition of business (net of $1,131 cash acquired)

0

0

183,930

0

0

-

-

-

-

41,300

0

14,803

Proceeds from sale of discontinued business

-

-

-

-

-

-

140,011

0

0

-

-

-

Deposits for interest rate swap

-

-

-

7,570

16,487

10,844

12,514

22,913

46,467

-

-

-

Return of deposits for interest rate swap

-

-

-

11,832

18,140

8,900

24,370

21,260

33,600

-

-

-

Other, net

0

-14,607

2,000

4,749

4,877

4,946

4,927

-1,620

4,574

-

-

-

Deposits for interest rate lock agreement

-

-

-

-

-

-

-

-

-

-

5,000

10,500

Return of deposits for interest rate lock agreement

-

-

-

-

-

-

-

-

-

-

15,500

1,050

Purchase of short-term investment

-

-

-

-

-

-

-

-

-

-

300

0

Foundry Park I deferred leasing costs

-

-

-

-

-

-

-

-

-

-

1,500

0

Net Cash Provided by (Used in) Investing Activities

-59,434

-60,031

-334,643

-143,361

-129,723

-66,606

88,464

-38,786

-70,956

-87,906

-95,703

-98,872

Cash flows from financing activities:
Net borrowings under revolving credit facility

-123,451

168,129

-156,000

11,000

131,000

14,000

-75,000

53,000

18,000

4,000

-41,900

-

Issuance of 3.78% senior notes

0

0

250,000

0

0

-

-

349,405

0

0

-

-

Repayment of 7.125% senior notes

-

-

-

-

-

-

-

150,000

0

0

-

-

Repayment of Foundry Park I mortgage loan

-

-

-

-

-

-

-

63,544

2,731

2,125

0

0

Net repayments under lines of credit

-

-

-

-

-

-

-

-3,641

6,529

1,494

0

41,900

Dividends paid

81,676

80,448

82,885

75,829

70,763

59,400

50,368

375,681

32,588

22,608

16,347

15,131

Debt issuance costs

-

-

-

-

-

-

-

6,485

3,233

3,992

465

0

Repurchases of common stock

0

232,016

25,998

35,815

194,924

248,509

92,195

0

98,093

121,517

0

26,810

Other, net

-2,952

-1,092

-4,093

-2,733

-791

-1,461

-2,280

-

1,028

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

91

40

315

Excess tax benefits from stock-based payment arrangements

-

-

-

-

-

-

-

-

-

711

0

945

Payments on the capital lease

-

-

-

-

-

-

-

-

-

835

784

736

Borrowing under line of credit

-

-

-

-

-

-

-

-

-

-

-

0

Repayment of Foundry Park I construction loan

-

-

-

-

-

-

-

-

-

99,102

0

0

Draws on Foundry Park I construction loan

-

-

-

-

-

-

-

-

-

-

55,603

38,201

Borrowing under Foundry Park I mortgage loan

-

-

-

-

-

-

-

-

-

68,400

0

0

Change in book overdraft, net

-

-

-

-

-

-

-

-

-

-

-

-5,250

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

240

Payment for financed intangible asset

-

-

-

-

-

-

-

-

-

1,000

1,000

1,000

Net Cash Provided by (Used in) Financing Activities

-208,079

-145,427

-18,976

-103,377

-135,478

-295,370

-219,843

-196,946

-111,088

-176,483

-4,853

32,194

Effect of foreign exchange on cash and cash equivalents

1,658

-3,579

2,836

-7,966

-12,405

-8,682

3,019

1,680

-1,376

-2,297

4,951

-4,081

Increase in cash and cash equivalents

71,357

-11,126

-107,988

98,730

-9,579

-135,700

149,574

38,759

1,178

-102,639

130,070

-50,111