| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash provided by (used in) operating activities: | ||||||||||||||||||||
Net income (loss) | ||||||||||||||||||||
45,300 | 44,300 | 59,900 | 56,800 | 22,700 | 42,100 | 51,700 | 52,200 | 35,800 | 48,000 | 38,400 | 35,800 | 23,000 | 11,700 | -4,900 | 25,900 | 11,700 | 8,300 | 24,700 | 27,100 | 24,200 |
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: | ||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||
24,300 | 23,600 | 21,500 | 21,400 | 18,500 | 14,900 | 14,700 | 15,900 | 11,500 | 10,000 | 10,000 | 10,100 | 10,300 | 10,400 | 10,100 | 9,300 | 9,000 | 9,000 | 8,700 | 8,400 | 8,500 |
Deferred income taxes | ||||||||||||||||||||
6,500 | -11,900 | 25,100 | 2,000 | -400 | -2,300 | 2,100 | 500 | 600 | -19,700 | -5,400 | -3,900 | 3,300 | -500 | 2,100 | -7,100 | -2,400 | 8,900 | 300 | 1,300 | -2,200 |
Disposal/impairment of assets | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | -3,300 | 700 | 300 | 100 | -1,500 | 0 | -100 | 100 | - | - | 400 | 0 |
Restructuring and other (income) charges, net | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 200 | 100 | 1,100 | 2,300 | 2,900 | 32,700 | 1,000 | 4,600 | - | - | - | - |
Share-based compensation | ||||||||||||||||||||
800 | 1,300 | 3,600 | 3,300 | 4,100 | 2,400 | 3,600 | 3,400 | 3,100 | 2,700 | 2,500 | 2,500 | 2,400 | 1,700 | 2,200 | 800 | 0 | - | - | - | - |
Pension and other postretirement benefit costs | ||||||||||||||||||||
400 | 500 | 300 | 400 | 300 | 600 | 500 | 500 | 400 | 500 | 200 | 300 | 300 | 400 | 300 | 0 | 0 | - | - | - | - |
Other non-cash items | ||||||||||||||||||||
-5,000 | -1,400 | -1,000 | -7,600 | -100 | -7,400 | -5,900 | -1,100 | -1,500 | 1,800 | -5,300 | -1,500 | -2,300 | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities, net of effect of acquisitions: | ||||||||||||||||||||
Accounts receivable, net | ||||||||||||||||||||
-7,700 | -19,200 | -7,800 | 26,200 | 16,100 | -21,600 | -7,200 | 18,400 | 13,400 | -9,600 | -3,800 | 5,900 | 17,000 | -14,700 | -7,200 | 18,800 | -2,600 | -16,700 | -12,200 | 5,600 | 14,800 |
Inventories, net | ||||||||||||||||||||
25,900 | -100 | -8,600 | -6,800 | 15,000 | -3,400 | 1,300 | 5,900 | 23,100 | 5,200 | -1,000 | -5,900 | 8,300 | -4,000 | -2,900 | -11,500 | 20,600 | 4,400 | 4,200 | 5,100 | 10,400 |
Prepaid and other current assets | ||||||||||||||||||||
200 | -2,900 | -3,400 | 6,800 | -600 | 2,100 | -2,700 | 9,000 | -1,600 | -2,400 | -1,800 | -2,200 | -100 | 800 | -1,000 | 3,100 | 1,000 | -3,500 | 8,900 | 300 | 1,000 |
Planned major maintenance outage | ||||||||||||||||||||
800 | 2,900 | 2,200 | 1,300 | 2,000 | 1,900 | 3,800 | 1,000 | 300 | - | - | - | - | - | - | - | - | - | - | - | - |
Accounts payable | ||||||||||||||||||||
9,400 | -8,400 | -8,100 | -5,100 | 15,400 | -15,900 | 600 | 12,100 | 8,900 | -1,000 | 4,900 | -400 | -1,800 | 6,500 | -17,100 | 12,000 | -2,900 | 3,300 | -5,200 | -8,600 | -11,800 |
Accrued expenses | ||||||||||||||||||||
-3,200 | -100 | -4,200 | 10,800 | -12,400 | 6,500 | -100 | 8,300 | -1,600 | -200 | 1,600 | 2,400 | -2,200 | -1,100 | 1,600 | -8,300 | 5,900 | -7,000 | -2,500 | 15,700 | -5,200 |
Accrued payroll and employee benefits | ||||||||||||||||||||
-12,400 | 4,400 | 5,100 | 2,700 | -26,600 | 9,500 | 8,200 | 8,700 | -23,400 | 6,400 | 9,100 | 7,000 | -9,100 | 5,400 | 5,600 | 5,600 | -1,600 | 6,500 | -2,800 | -4,100 | -7,400 |
Income taxes | ||||||||||||||||||||
2,000 | 19,800 | -11,500 | 6,600 | -200 | -2,500 | 8,500 | -9,000 | 8,000 | -11,200 | 8,700 | -7,500 | 2,700 | 4,700 | -6,900 | 2,600 | 4,100 | 800 | 0 | -2,300 | 2,300 |
Restructuring and other spending | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | -200 | -1,900 | -3,100 | -3,400 | -1,300 | -1,800 | -1,800 | 0 | 0 | 0 | 0 |
Changes in other operating assets and liabilities, net | ||||||||||||||||||||
-1,300 | 10,300 | -6,400 | -500 | -3,000 | -1,900 | 4,600 | -2,000 | -100 | 3,300 | -2,900 | 3,300 | -1,200 | -600 | 400 | -3,600 | 4,600 | 6,800 | -5,000 | 700 | -900 |
Net cash provided by (used in) operating activities | ||||||||||||||||||||
60,200 | 85,500 | 118,700 | 79,500 | -8,000 | 85,600 | 95,300 | 61,400 | 9,700 | 40,700 | 80,900 | 46,200 | 6,500 | 53,800 | 37,900 | 33,100 | 3,100 | 37,100 | 26,600 | 25,400 | -16,900 |
Cash provided by (used in) investing activities: | ||||||||||||||||||||
Capital expenditures | ||||||||||||||||||||
19,500 | 35,000 | 22,100 | 29,600 | 28,100 | 37,300 | 26,200 | 17,100 | 13,300 | 16,400 | 14,400 | 11,100 | 10,700 | 19,400 | 15,100 | 10,900 | 11,300 | 37,300 | 26,500 | 18,800 | 18,300 |
Payments for acquired businesses, net of cash acquired | ||||||||||||||||||||
0 | 0 | 0 | 0 | 537,900 | 0 | 500 | 0 | 315,000 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Purchase of equity securities | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | 0 | 300 | 2,100 | - | - | - | - | - | - | - | - |
Proceeds from disposition of assets | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - |
Restricted investment | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 500 | 300 | 300 | 69,100 | 0 | - | - | - | - |
Net investment in equity securities | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - |
Other investing activities, net | ||||||||||||||||||||
700 | -1,100 | 1,000 | 400 | 3,300 | -100 | 1,500 | 3,600 | -900 | -1,100 | 400 | 700 | 3,000 | 0 | 0 | 0 | 0 | - | - | - | - |
Net cash provided by (used in) investing activities | ||||||||||||||||||||
-20,200 | -35,900 | -23,100 | -30,000 | -569,300 | -38,100 | -28,200 | -20,700 | -327,400 | -16,600 | -14,500 | -11,200 | -16,300 | -19,700 | -15,400 | -80,000 | -11,300 | -26,300 | -26,500 | -18,200 | -18,300 |
Cash provided by (used in) financing activities: | ||||||||||||||||||||
Net borrowings under our revolving credit facility | ||||||||||||||||||||
346,100 | 8,700 | 11,600 | 63,200 | 714,200 | 0 | 0 | 0 | 0 | 268,300 | -102,800 | -22,200 | 13,100 | -28,600 | -49,500 | 190,000 | 0 | - | - | - | - |
Proceeds from long-term borrowings | ||||||||||||||||||||
0 | 0 | 0 | 0 | 375,000 | 0 | 0 | 0 | 300,000 | 0 | 75,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Payments on revolving credit facility | ||||||||||||||||||||
102,300 | 70,400 | 76,100 | 98,800 | 421,100 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Payments on long-term borrowings | ||||||||||||||||||||
4,700 | 4,700 | 4,700 | 0 | 113,100 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Debt issuance costs | ||||||||||||||||||||
0 | 600 | 0 | 0 | 1,800 | 0 | 1,400 | 0 | 5,700 | 0 | 1,300 | 0 | 0 | - | - | - | - | - | - | - | - |
Borrowings (repayments) of notes payable and other short-term borrowings, net | ||||||||||||||||||||
800 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Borrowings (repayments) of notes payable and other short-term borrowings, net | ||||||||||||||||||||
- | - | - | - | 2,100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Borrowings (repayments) of notes payable and other short-term borrowings, net | ||||||||||||||||||||
- | - | - | - | - | 3,200 | 700 | 0 | 0 | - | - | - | - | - | - | - | - | -1,200 | -3,900 | 4,300 | 7,900 |
Tax payments related to withholdings on vested equity awards | ||||||||||||||||||||
3,100 | 0 | 0 | 0 | 14,300 | 400 | 600 | 0 | 1,500 | 300 | 400 | 0 | 500 | 300 | 0 | 0 | 0 | - | - | - | - |
Proceeds and withholdings from share-based compensation plans, net | ||||||||||||||||||||
400 | 400 | 700 | 1,300 | 1,700 | 300 | 400 | 900 | 500 | 500 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Repurchases of common stock under publicly announced plan | ||||||||||||||||||||
32,400 | 0 | 3,100 | 0 | 3,300 | 29,300 | 9,000 | 6,000 | 3,100 | 4,000 | 1,900 | 700 | 0 | - | - | - | - | - | - | - | - |
Noncontrolling interest distributions | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | 0 | -4,800 | 2,200 | 2,600 | -3,600 | 1,900 | 800 | 900 | 700 | 900 | 700 | 1,100 |
Transactions with WestRock, net | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 52,200 | -300 | -1,500 | 17,900 | -13,000 | 25,700 |
Noncontrolling interest distributions | ||||||||||||||||||||
- | - | - | - | - | - | 2,100 | 7,900 | 5,300 | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | ||||||||||||||||||||
203,200 | -64,400 | -71,200 | -34,600 | 539,400 | -26,200 | -92,000 | -13,000 | 284,900 | -7,900 | -34,800 | -25,100 | 10,000 | -31,900 | -50,300 | 80,000 | -1,200 | -9,200 | 13,100 | -9,400 | 32,500 |
Increase (decrease) in cash, cash equivalents, and restricted cash | ||||||||||||||||||||
243,200 | -14,800 | 24,400 | 14,900 | -37,900 | 21,300 | -24,900 | 27,700 | -32,800 | 16,200 | 31,600 | 9,900 | 200 | 2,200 | -27,800 | 33,100 | -9,400 | 1,600 | 13,200 | -2,200 | -2,700 |
Effect of exchange rate changes on cash | ||||||||||||||||||||
2,900 | 2,500 | -2,200 | 0 | -100 | -1,300 | -300 | 300 | -100 | 1,200 | -2,200 | 200 | 300 | 1,200 | -800 | -100 | 100 | 400 | 1,500 | -100 | 400 |
Change in cash, cash equivalents, and restricted cash | ||||||||||||||||||||
246,100 | -12,300 | 22,200 | 14,900 | -38,000 | 20,000 | -25,200 | 28,000 | -32,900 | 17,400 | 29,400 | 10,100 | 500 | 3,400 | -28,600 | 33,000 | -9,300 | 2,000 | 14,700 | -2,300 | -2,300 |
Supplemental cash flow information: | ||||||||||||||||||||
Cash paid for interest, net of capitalized interest | ||||||||||||||||||||
16,900 | 7,900 | 19,200 | 6,500 | 14,400 | 3,400 | 13,400 | 3,200 | 6,000 | 2,100 | 6,000 | 2,400 | 5,500 | 4,400 | 6,000 | 3,100 | 1,600 | 1,600 | 1,600 | 1,700 | 1,600 |
Cash paid for income taxes, net of refunds | ||||||||||||||||||||
1,400 | 2,300 | 4,500 | 7,600 | 500 | 7,200 | 6,400 | 20,900 | 300 | 14,400 | 13,700 | 29,000 | 4,800 | 200 | 20,000 | 2,100 | 100 | - | - | - | - |
Purchases of property, plant and equipment in accounts payable | ||||||||||||||||||||
5,100 | -700 | 1,300 | 400 | 6,600 | 200 | 2,500 | 2,400 | 3,800 | 200 | 2,600 | 700 | 1,600 | -900 | 2,900 | 300 | 1,400 | -6,900 | 300 | 2,700 | 5,200 |
Leased assets obtained in exchange for new finance lease liabilities | ||||||||||||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Leased assets obtained in exchange for new operating lease liabilities | ||||||||||||||||||||
4,200 | 2,100 | 2,100 | 1,100 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |