| 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 | ||||||||||
55,400 | 36,400 | 80,300 | 73,000 | 51,100 | 68,700 | 52,000 | 44,300 | 29,100 | 159,100 | -1,200 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
38,900 | 36,100 | 33,300 | 32,000 | 31,500 | 30,000 | 29,400 | 28,800 | 31,000 | 31,300 | 34,500 |
Loss on early extinguishment of debt | ||||||||||
- | - | - | - | - | -200 | -500 | -600 | -2,400 | - | - |
Impairment loss (Note 13) | ||||||||||
0 | 31,100 | 0 | 0 | - | - | -1,800 | -6,600 | - | - | - |
Stock-based compensation | ||||||||||
5,600 | 4,000 | 6,400 | 5,800 | 6,500 | 6,000 | 4,900 | 4,900 | 4,300 | 4,900 | 4,700 |
Excess tax benefit from stock-based compensation (Note 9) | ||||||||||
- | - | - | - | 2,600 | 5,600 | 2,600 | 6,100 | 1,000 | - | - |
Deferred income tax provision | ||||||||||
3,400 | -1,900 | -200 | 16,900 | 8,300 | 3,700 | 19,300 | 10,700 | 7,400 | 37,000 | -9,400 |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | ||||||||||
1,400 | -1,800 | -600 | -800 | - | - | - | - | - | - | - |
Loss on asset dispositions | ||||||||||
-100 | -300 | -200 | -100 | - | - | - | - | - | - | - |
Non-cash effects of changes in liabilities for uncertain income tax positions | ||||||||||
-700 | 100 | -100 | -1,500 | -100 | -2,000 | -100 | -3,900 | - | - | - |
Reclassification of cumulative translation adjustments related to investments in Canada (Note 12) | ||||||||||
- | - | - | - | - | - | - | - | - | 87,900 | - |
Gain on sale of Woodlands | ||||||||||
- | - | - | - | - | - | - | - | - | 74,100 | - |
Pension settlement charge, net of plan payments | ||||||||||
- | - | - | - | 0 | -3,500 | 200 | 3,400 | - | - | - |
Non-cash loss on discontinued operations | ||||||||||
- | - | - | - | 12,000 | 0 | - | - | - | - | - |
Gain on sale of the Ripon Mill | ||||||||||
- | - | - | - | - | - | - | - | - | 3,400 | - |
Ripon Mill (gain) on sale and non-cash closure charges | ||||||||||
- | - | - | - | - | - | - | - | - | - | 6,300 |
Loss (gain) on asset dispositions | ||||||||||
- | - | - | - | 100 | -200 | -500 | -100 | -100 | -200 | -200 |
Increase in working capital | ||||||||||
600 | 1,000 | 11,800 | 1,200 | -1,800 | -9,000 | -6,600 | 20,900 | 7,200 | 3,900 | -27,400 |
Pension and other postretirement benefits | ||||||||||
-3,700 | -12,300 | -8,000 | -10,900 | 2,900 | -18,300 | -11,500 | -7,300 | -7,700 | -7,800 | 2,400 |
Other | ||||||||||
-600 | 1,900 | 700 | -800 | 100 | 900 | -300 | -1,100 | -1,200 | -900 | - |
NET CASH PROVIDED BY OPERATING ACTIVITIES | ||||||||||
97,600 | 92,700 | 100,000 | 115,800 | 111,200 | 94,500 | 83,500 | 40,100 | 57,200 | 54,500 | 64,900 |
INVESTING ACTIVITIES | ||||||||||
Purchase of brands (Note 3) | ||||||||||
- | - | - | - | - | - | 5,200 | 14,100 | - | - | - |
Net proceeds from sale of discontinued operations | ||||||||||
- | - | - | - | 5,400 | 0 | - | - | - | - | - |
Capital expenditures | ||||||||||
21,400 | 38,100 | 42,700 | 68,500 | 48,100 | 27,900 | 28,700 | 25,100 | 23,100 | 17,400 | 8,400 |
Business acquisition (Note 4) | ||||||||||
0 | 0 | 43,100 | 0 | 118,200 | 72,400 | - | - | - | - | - |
Asset acquisition | ||||||||||
0 | 0 | 8,000 | 0 | 0 | - | - | - | - | - | - |
Net proceeds from sale of the Woodlands (Note 12) | ||||||||||
- | - | - | - | - | - | - | - | - | 78,000 | - |
Proceeds from sale of property, plant and equipment (Note 13) | ||||||||||
0 | 5,000 | 0 | 100 | 500 | 0 | 600 | - | - | 8,700 | 800 |
Decrease in restricted cash | ||||||||||
- | - | - | - | - | - | - | -7,000 | 7,000 | - | - |
Purchase of marketable securities | ||||||||||
400 | 100 | 600 | 100 | 200 | 600 | 100 | 100 | -1,200 | -3,500 | - |
Purchase of equity investment | ||||||||||
- | - | - | - | - | 2,900 | - | - | - | - | - |
Other | ||||||||||
1,500 | 1,300 | 600 | -300 | -500 | 1,100 | -100 | - | - | -700 | 700 |
NET CASH USED IN INVESTING ACTIVITIES | ||||||||||
-23,300 | -34,300 | -95,000 | -68,200 | -160,100 | -104,900 | -33,300 | -32,300 | -28,900 | 66,500 | -8,300 |
FINANCING ACTIVITIES | ||||||||||
Long-term borrowings (Note 4) | ||||||||||
163,500 | 272,800 | 323,700 | 243,000 | 151,600 | 49,500 | 218,800 | 111,900 | 30,300 | 100 | 45,500 |
Repayments of long-term debt (Note 4) | ||||||||||
201,600 | 285,600 | 293,300 | 252,900 | 145,600 | 5,600 | 209,200 | 96,000 | 98,700 | 71,500 | 87,600 |
Debt issuance costs | ||||||||||
400 | 1,800 | 300 | 100 | 0 | 2,400 | 3,500 | - | - | - | 2,900 |
Excess tax benefit from stock-based compensation (Note 9) | ||||||||||
- | - | - | - | 2,600 | 5,600 | 2,600 | 6,100 | 1,000 | - | - |
Cash dividends paid | ||||||||||
30,500 | 27,800 | 25,100 | 22,400 | 20,300 | 17,100 | 11,500 | 7,800 | 6,700 | 5,900 | 5,900 |
Shares purchased (Note 7) | ||||||||||
6,200 | 10,800 | 9,300 | 16,400 | 8,400 | 4,500 | 4,600 | 11,700 | 500 | 200 | 100 |
Short-term borrowings | ||||||||||
- | - | - | - | - | 6,500 | 19,300 | 1,200 | 16,400 | 13,300 | 12,200 |
Repayments of short-term borrowings | ||||||||||
- | - | - | - | - | 25,400 | 100 | 21,100 | 7,800 | 14,800 | 15,400 |
Proceeds from exercise of stock options | ||||||||||
0 | 600 | 400 | 400 | 1,200 | 3,600 | 3,700 | 5,300 | 2,600 | 700 | - |
Other | ||||||||||
0 | 0 | 100 | 0 | 100 | 0 | -500 | -900 | -400 | - | - |
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | ||||||||||
-75,200 | -52,600 | -3,800 | -48,400 | -18,800 | 10,200 | 15,000 | -13,000 | -63,800 | -78,300 | -54,200 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | ||||||||||
0 | -400 | 200 | -300 | -700 | -600 | 400 | 200 | - | - | -100 |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | ||||||||||
-900 | 5,400 | 1,400 | -1,100 | -68,400 | -800 | 65,600 | -5,000 | -35,500 | 42,700 | 2,300 |