| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Net income/(loss) | ||||||||||
-403,000 | -700,000 | 440,000 | 507,000 | 575,000 | 381,000 | 736,000 | 272,000 | 87,000 | 133,000 | -489,000 |
Adjustments to reconcile net income/(loss) to net cash provided by operating activities: | ||||||||||
Share-based compensation expense | ||||||||||
50,000 | 35,000 | 45,000 | 51,000 | 48,000 | 47,000 | 47,000 | 34,000 | 27,000 | 18,000 | 14,000 |
Gain on sale of discontinued operations | ||||||||||
- | - | - | - | - | - | 290,000 | - | 1,000 | -5,000 | -14,000 |
Deferred income tax | ||||||||||
5,000 | -514,000 | 162,000 | 88,000 | 213,000 | 105,000 | -107,000 | 47,000 | -124,000 | -183,000 | -304,000 |
Currency exchange rate differences on financial transactions and other (gains)/losses | ||||||||||
-178,000 | -17,000 | 20,000 | 32,000 | 167,000 | -174,000 | -40,000 | -141,000 | -213,000 | 56,000 | -23,000 |
Loss on derivative instruments | ||||||||||
- | - | - | - | - | - | - | - | - | 27,000 | 60,000 |
Equity in net income/(loss) of affiliates, net of dividends received | ||||||||||
-1,000 | - | -2,000 | -2,000 | -4,000 | -5,000 | -2,000 | -3,000 | -7,000 | -6,000 | -33,000 |
Depreciation and amortization | ||||||||||
756,000 | 675,000 | 640,000 | 603,000 | 574,000 | 573,000 | 521,000 | 520,000 | 529,000 | 558,000 | 562,000 |
Impairment of goodwill and other long-lived assets | ||||||||||
1,004,000 | 1,413,000 | - | - | - | - | - | - | - | - | - |
Impairment of goodwill and intangible assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | 582,000 |
Changes in operating assets and liabilities, net of effect of businesses acquired and divested: | ||||||||||
Trade and other receivables, net | ||||||||||
-4,000 | -95,000 | -10,000 | -53,000 | 35,000 | 93,000 | 84,000 | 13,000 | 71,000 | 77,000 | -39,000 |
Prepaid expenses and other assets | ||||||||||
-64,000 | 76,000 | 28,000 | -4,000 | 63,000 | 76,000 | -21,000 | 18,000 | 37,000 | 18,000 | 20,000 |
Accounts payable and other current liabilities and deferred revenues | ||||||||||
20,000 | 21,000 | -41,000 | 50,000 | -36,000 | 4,000 | 55,000 | 190,000 | 32,000 | -10,000 | 96,000 |
Other non-current liabilities | ||||||||||
-95,000 | -6,000 | 2,000 | -8,000 | -2,000 | -2,000 | -6,000 | -10,000 | -2,000 | -8,000 | -4,000 |
Interest payable | ||||||||||
11,000 | 14,000 | 22,000 | 14,000 | 15,000 | 6,000 | 13,000 | 29,000 | 31,000 | 129,000 | 152,000 |
Income taxes | ||||||||||
-489,000 | 126,000 | -6,000 | 64,000 | 11,000 | -23,000 | 63,000 | -31,000 | 14,000 | -1,000 | -49,000 |
Net cash (used in)/provided by operating activities | ||||||||||
1,066,000 | 1,058,000 | 1,310,000 | 1,296,000 | 1,209,000 | 1,093,000 | 901,000 | 784,000 | 641,000 | 543,000 | 517,000 |
Investing Activities | ||||||||||
Acquisition of subsidiaries and affiliates, net of cash acquired | ||||||||||
61,000 | 43,000 | 778,000 | 285,000 | 246,000 | 314,000 | 1,249,000 | 160,000 | 123,000 | 55,000 | 50,000 |
Proceeds from the sale of subsidiaries and affiliates, net | ||||||||||
-17,000 | -51,000 | -2,000 | -34,000 | -30,000 | 6,000 | -935,000 | -4,000 | 5,000 | 17,000 | 84,000 |
Additions to property, plant and equipment and other assets | ||||||||||
116,000 | 106,000 | 119,000 | 109,000 | 134,000 | 163,000 | 130,000 | 132,000 | 177,000 | 178,000 | 139,000 |
Additions to intangible assets | ||||||||||
403,000 | 414,000 | 370,000 | 324,000 | 274,000 | 249,000 | 244,000 | 226,000 | 190,000 | 156,000 | 143,000 |
Proceeds from the sale of property, plant and equipment and other assets | ||||||||||
- | 4,000 | 42,000 | 42,000 | 7,000 | - | - | - | - | - | - |
Other investing activities | ||||||||||
19,000 | -2,000 | 13,000 | - | -36,000 | - | -1,000 | - | 1,000 | -7,000 | -21,000 |
Net cash used in investing activities | ||||||||||
-582,000 | -506,000 | -1,236,000 | -642,000 | -581,000 | -732,000 | -687,000 | -522,000 | -486,000 | -365,000 | -227,000 |
Financing Activities | ||||||||||
Net borrowings under revolving credit facility | ||||||||||
- | - | - | -164,000 | -116,000 | 280,000 | - | - | - | - | -295,000 |
Proceeds from issuances of debt, net of issuance costs | ||||||||||
- | 781,000 | 2,745,000 | 2,502,000 | 746,000 | 4,544,000 | 2,485,000 | 1,998,000 | 277,000 | 1,065,000 | 1,223,000 |
Repayment of debt | ||||||||||
57,000 | 819,000 | 2,296,000 | 1,765,000 | 98,000 | 4,598,000 | 2,171,000 | 2,230,000 | 2,110,000 | 1,226,000 | 976,000 |
Decrease in other short-term borrowings | ||||||||||
- | - | - | - | - | - | -5,000 | 3,000 | -6,000 | -6,000 | -50,000 |
Cash dividends paid to shareholders | ||||||||||
395,000 | 494,000 | 474,000 | 434,000 | 408,000 | 356,000 | 265,000 | - | - | 2,000 | - |
Repurchase of common stock | ||||||||||
- | 70,000 | 140,000 | 418,000 | 667,000 | 466,000 | 11,000 | - | - | - | - |
Activity from share-based compensation plans | ||||||||||
-8,000 | 15,000 | 21,000 | 81,000 | 72,000 | - | - | - | 1,801,000 | - | - |
Proceeds from exercise of stock options | ||||||||||
- | - | - | - | - | 103,000 | 85,000 | 29,000 | 8,000 | - | - |
Proceeds from employee stock purchase plan | ||||||||||
4,000 | 5,000 | 6,000 | 1,000 | - | - | - | - | - | - | - |
Finance leases | ||||||||||
60,000 | 76,000 | 55,000 | 40,000 | 22,000 | 14,000 | - | - | - | - | - |
Activity under stock plans | ||||||||||
- | - | - | - | - | - | - | - | - | 10,000 | 1,000 |
Other financing activities | ||||||||||
-28,000 | -18,000 | -22,000 | -11,000 | 1,000 | -78,000 | -35,000 | -98,000 | -220,000 | 84,000 | 172,000 |
Net cash provided by financing activities | ||||||||||
-544,000 | -676,000 | -215,000 | -248,000 | -492,000 | -585,000 | 83,000 | -298,000 | -250,000 | -263,000 | -271,000 |
Effect of exchange-rate changes on cash and cash equivalents | ||||||||||
-10,000 | -8,000 | 43,000 | -9,000 | -52,000 | -67,000 | -21,000 | 5,000 | -7,000 | -8,000 | 28,000 |
Net increase/(decrease) in cash and cash equivalents | ||||||||||
-70,000 | -132,000 | -98,000 | 397,000 | 84,000 | -291,000 | 276,000 | -31,000 | -102,000 | -93,000 | 47,000 |
Supplemental Cash Flow Information | ||||||||||
Cash paid for income taxes | ||||||||||
224,000 | 206,000 | 232,000 | 157,000 | 159,000 | 154,000 | 147,000 | 124,000 | -132,000 | -129,000 | 139,000 |
Cash paid for interest, net of amounts capitalized | ||||||||||
386,000 | 380,000 | 352,000 | 319,000 | 296,000 | 294,000 | 304,000 | 384,000 | -446,000 | -531,000 | 495,000 |