| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Operating activities | ||||||
Net income | ||||||
222,700 | 230,800 | 361,700 | 259,100 | |||
Adjustments to reconcile net income to net cash provided by (used for) operating activities | ||||||
Depreciation | ||||||
35,400 | 36,200 | 36,500 | 34,400 | |||
Amortization | ||||||
61,400 | 60,900 | 61,400 | 60,800 | |||
Deferred income taxes | ||||||
-24,600 | -23,600 | -158,000 | -1,700 | |||
Share-based compensation | ||||||
16,100 | 12,800 | 14,600 | 13,400 | |||
Impairment of trade names | ||||||
0 | 0 | 16,400 | 13,300 | |||
Pension and other post-retirement expense | ||||||
36,500 | 14,900 | 14,300 | 27,800 | |||
Pension and other post-retirement contributions | ||||||
5,800 | 6,700 | 6,700 | 4,700 | |||
Changes in assets and liabilities, net of effects of business acquisitions | ||||||
Accounts and notes receivable | ||||||
-26,600 | 1,300 | 18,200 | -6,100 | |||
Inventories | ||||||
-900 | 12,000 | 8,900 | -400 | |||
Other current assets | ||||||
-10,200 | -7,300 | -5,600 | 40,000 | |||
Accounts payable | ||||||
-7,900 | 13,400 | 17,000 | 15,000 | |||
Employee compensation and benefits | ||||||
-6,600 | 6,800 | 11,600 | -19,700 | |||
Other current liabilities | ||||||
-16,900 | 27,500 | 21,300 | -9,400 | |||
Other non-current assets and liabilities | ||||||
11,700 | 23,500 | -41,100 | -9,200 | |||
Net cash provided by (used for) operating activities | ||||||
336,300 | 343,500 | 409,700 | 364,000 | |||
Investing activities | ||||||
Capital expenditures | ||||||
38,800 | 39,500 | 31,800 | 74,500 | |||
Proceeds from sale of property and equipment | ||||||
6,300 | 2,400 | 4,200 | 5,900 | |||
Acquisitions, net of cash acquired | ||||||
127,800 | 2,000 | 13,600 | 0 | |||
Net cash provided by (used for) investing activities | ||||||
-160,300 | -39,100 | -41,200 | -68,600 | |||
Financing activities | ||||||
Net repayments of short-term borrowings | ||||||
0 | -300 | 0 | 0 | |||
Net receipts of revolving credit facility | ||||||
134,600 | 0 | 0 | - | |||
Proceeds from long-term debt | ||||||
0 | 1,000,000 | 0 | 0 | |||
Repayments of long-term debt | ||||||
14,100 | 52,500 | 0 | 0 | |||
Debt issuance costs | ||||||
0 | 9,900 | 0 | 0 | |||
Cash provided at separation to former Parent | ||||||
0 | 993,600 | 0 | 0 | |||
Dividends paid | ||||||
120,700 | 62,900 | 0 | 0 | |||
Net transfers to former Parent prior to separation | ||||||
0 | 0 | 359,500 | 308,900 | |||
Shares issued to employees, net of shares withheld | ||||||
9,500 | 8,600 | 0 | 0 | |||
Repurchases of ordinary shares | ||||||
235,700 | 56,000 | 0 | 0 | |||
Net cash provided by (used for) financing activities | ||||||
-226,400 | -166,600 | -359,500 | -308,900 | |||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-2,200 | -5,700 | -3,600 | 12,300 | |||
Change in cash and cash equivalents | ||||||
-52,600 | 132,100 | 5,400 | -1,200 | |||
Cash paid for interest, net | ||||||
52,300 | 34,700 | 0 | 0 | |||
Cash paid for income taxes, net | ||||||
60,800 | 57,400 | 0 | 0 | |||