| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net income | |||||||||||
173,553 | 121,887 | 129,437 | 143,086 | 133,046 | 189,176 | 364,888 | 221,645 | 153,330 | 136,051 | 89,845 | 65,347 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
76,650 | 83,003 | 71,564 | 72,397 | 71,365 | 54,924 | 34,923 | 33,412 | 32,850 | 29,616 | 28,557 | 30,393 |
Impairment of fixed assets | |||||||||||
0 | 48,551 | 0 | 0 | - | - | - | - | - | - | - | - |
Equity method earnings | |||||||||||
0 | 456 | 1,048 | 0 | 0 | - | - | - | - | - | - | - |
Gain on step acquisition | |||||||||||
0 | 13,600 | 0 | 0 | - | - | - | - | - | - | - | - |
Loss on extinguishment of debt | |||||||||||
0 | -7,220 | 0 | 0 | - | - | - | - | - | - | - | - |
A noncash adjustment for the amount related to a ruling issued by the Tokyo District Court on a dispute between the Company and the customs authorities in Japan. The District Court upheld previous customs assessments related to the importation of several of the Company's products into Japan. | |||||||||||
- | - | - | 31,355 | 0 | 0 | - | - | 32,754 | 0 | 0 | - |
Foreign currency losses | |||||||||||
-3,829 | -16,381 | 3,014 | -8,863 | -27,235 | -53,828 | 1,077 | 3,874 | -4,162 | -3,681 | 1,966 | 18,409 |
Stock-based compensation | |||||||||||
9,909 | 26,609 | 19,314 | 8,890 | 7,400 | 17,504 | 32,620 | 21,358 | 15,450 | 10,835 | 9,989 | 7,273 |
Deferred taxes | |||||||||||
-1,965 | 14,929 | -39,213 | 17,652 | -17,362 | -10,399 | 41,748 | -4,692 | 108 | -13,735 | 12,350 | -4,078 |
Amount of amortization expense attributable to right-of-use asset from operating lease. | |||||||||||
44,460 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
-2,746 | 10,453 | 103 | -3,357 | 2,246 | -30,766 | 34,304 | 7,884 | 5,890 | 6,649 | 7,043 | 7,069 |
Inventories, net | |||||||||||
-18,446 | 33,371 | -7,537 | -9,801 | -59,652 | 16,518 | 207,436 | 22,605 | -2,415 | 4,293 | -9,740 | -14,910 |
Prepaid expenses and other | |||||||||||
17,435 | 1,536 | -14,250 | -37,789 | -13,572 | 25,167 | 23,317 | 2,358 | 4,690 | -3,854 | 3,850 | 4,260 |
Other assets | |||||||||||
67,109 | -887 | 11,658 | 3,969 | 15,752 | 16,219 | 22,619 | 11,579 | 16,809 | 1,631 | 18,690 | 1,699 |
Accounts payable | |||||||||||
-7,184 | -9,164 | 6,834 | 13,443 | -4,297 | -45,953 | 32,643 | 15,831 | 6,077 | -568 | 3,602 | -6,139 |
Accrued expenses | |||||||||||
-86,997 | -7,433 | 22,490 | -33,624 | 15,902 | -309,180 | 389,093 | 62,056 | 1,624 | 13,777 | 8,598 | -3,250 |
Other liabilities | |||||||||||
25,098 | -10,814 | 7,739 | 1,527 | -1,130 | -24 | 6,510 | 282 | 2,934 | 16,945 | 2,812 | -2,766 |
Net cash provided by (used in) operating activities | |||||||||||
177,931 | 202,738 | 302,555 | 275,263 | 322,109 | -56,464 | 530,176 | 310,976 | 224,315 | 187,883 | 133,944 | 103,307 |
Cash flows from investing activities: | |||||||||||
Purchases of property and equipment | |||||||||||
66,067 | 70,371 | 60,156 | 50,221 | 56,622 | 101,476 | 185,103 | 96,645 | 41,809 | 53,783 | 20,215 | 16,007 |
Proceeds on investment sales | |||||||||||
11,160 | 11,536 | 11,269 | 18,132 | 11,526 | 27,328 | 13,075 | 20,086 | 6,634 | 0 | 0 | 19,135 |
Purchases of investments | |||||||||||
8,432 | 11,420 | 11,332 | 17,080 | 15,750 | 17,522 | 21,671 | 15,737 | 24,361 | 0 | 0 | 13,910 |
Acquisitions and investments in equity investees | |||||||||||
8,073 | 38,506 | 31,745 | 8,692 | 0 | 0 | - | 12,562 | 11,663 | 0 | 0 | - |
Net cash used in investing activities | |||||||||||
-71,412 | -108,761 | -91,964 | -57,861 | -60,846 | -91,670 | -193,699 | -104,858 | -71,199 | -53,783 | -20,215 | -10,782 |
Cash flows from financing activities: | |||||||||||
Amount of cash inflow from exercise of option under share-based payment arrangement, net of taxes paid related to the net shares settlement of stock awards. | |||||||||||
-2,325 | 10,777 | 24,443 | - | - | - | - | - | - | - | - | - |
Exercise of employee stock options and taxes paid related to the net shares settlement of stock awards | |||||||||||
- | - | - | 14,307 | 3,315 | -2,420 | 34,370 | 4,565 | 29,713 | 21,181 | 6,227 | 3,824 |
Income tax benefit of equity awards | |||||||||||
- | - | - | 5,651 | 5,337 | 11,801 | 45,187 | 7,750 | 12,059 | 6,908 | 1,101 | 227 |
Related party payment | |||||||||||
- | - | - | - | - | - | - | - | 16,995 | 0 | 0 | - |
Payments on long-term debt | |||||||||||
214,455 | 552,500 | 103,226 | 56,151 | 35,508 | 333,803 | 37,903 | 28,279 | 28,001 | 37,401 | 30,188 | 32,711 |
Payment of cash dividends | |||||||||||
82,200 | 80,600 | 76,058 | 78,438 | 81,187 | 81,371 | 70,514 | 48,374 | 36,638 | 31,189 | 29,006 | 27,940 |
Payment of debt issuance costs | |||||||||||
0 | 7,243 | 0 | 6,596 | 0 | 5,739 | 0 | 0 | - | - | - | - |
Proceeds from debt | |||||||||||
145,000 | 582,398 | 67,000 | 233,721 | 36,217 | 416,180 | 49,000 | 101,922 | 0 | 30,000 | 0 | 0 |
Repurchases of shares of common stock | |||||||||||
825 | 69,565 | 71,731 | 247,208 | 164,094 | 45,724 | 140,865 | 201,471 | 67,149 | 58,516 | 21,144 | 6,094 |
Net cash used in financing activities | |||||||||||
-154,794 | -116,714 | -159,572 | -134,714 | -235,920 | -41,076 | -120,725 | -163,887 | -107,011 | -69,017 | -73,010 | -62,694 |
Effect of exchange rate changes on cash | |||||||||||
-3,006 | -16,751 | 18,134 | -14,796 | -24,404 | -47,528 | -10,624 | 4,820 | -3,468 | 7,209 | 2,740 | -2,572 |
Net increase (decrease) in cash and cash equivalents | |||||||||||
-51,281 | -39,488 | 69,153 | 67,892 | 939 | -236,738 | 205,128 | 47,051 | 42,637 | 72,292 | 43,459 | 27,259 |