| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
NET CASH FLOW USED FOR OPERATING ACTIVITIES | |||||||||||
NET EARNINGS (LOSS) | |||||||||||
405,000 | 547,000 | 290,000 | 399,000 | 334,000 | 228,000 | 205,000 | -16,000 | 281,000 | 940,000 | 67,000 | -811,000 |
Adjustments to reconcile net earnings (loss) to cash used for operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
457,000 | 433,000 | 371,000 | 343,000 | 300,000 | 304,000 | 332,000 | 349,000 | 318,000 | 320,000 | 325,000 | 331,000 |
Proceeds from Hurricane Sandy insurance claims | |||||||||||
- | - | - | - | - | - | 58,000 | 20,000 | 0 | - | - | - |
Deferred income taxes | |||||||||||
118,000 | 141,000 | 183,000 | 136,000 | 64,000 | -15,000 | 54,000 | -59,000 | 55,000 | -867,000 | 17,000 | 893,000 |
Provision for pension and other employee benefits liabilities | |||||||||||
45,000 | 0 | 74,000 | 11,000 | 15,000 | 18,000 | -23,000 | 36,000 | -36,000 | -26,000 | -40,000 | 30,000 |
Stock-based compensation expense | |||||||||||
39,000 | 47,000 | 44,000 | 41,000 | 30,000 | 29,000 | 28,000 | 24,000 | 21,000 | 23,000 | 52,000 | 43,000 |
Gain on sale of assets or affiliates | |||||||||||
- | - | - | - | - | 55,000 | 6,000 | 17,000 | 30,000 | -2,000 | 9,000 | -51,000 |
Intangible asset impairment charges | |||||||||||
- | - | - | - | - | 20,000 | 0 | 0 | - | 117,000 | 3,000 | 11,000 |
Other non-cash | |||||||||||
- | - | - | - | 13,000 | 30,000 | 18,000 | 14,000 | 22,000 | 19,000 | 15,000 | -17,000 |
Changes in operating assets and liabilities | |||||||||||
- | - | - | - | - | - | - | - | 0 | -15,000 | -134,000 | -164,000 |
Payments for other employee benefits liabilities | |||||||||||
-15,000 | -19,000 | -18,000 | -18,000 | -20,000 | -22,000 | -22,000 | -22,000 | -24,000 | -26,000 | -25,000 | -24,000 |
Loss on extinguishment of debt | |||||||||||
-32,000 | 0 | -71,000 | -1,000 | 5,000 | -46,000 | 0 | -74,000 | 0 | 0 | - | - |
Other adjustments to reconcile net earnings to cash provided by operating activities | |||||||||||
-28,000 | -49,000 | 18,000 | 4,000 | - | - | - | - | - | - | - | - |
Changes in receivables, net | |||||||||||
-19,000 | -39,000 | 66,000 | -55,000 | 71,000 | 10,000 | 77,000 | -24,000 | -48,000 | - | - | - |
Changes in inventories | |||||||||||
-35,000 | 216,000 | 57,000 | -5,000 | -150,000 | 29,000 | 27,000 | 4,000 | -179,000 | - | - | - |
Changes in accounts payable and accrued liabilities | |||||||||||
-11,000 | -89,000 | 187,000 | 25,000 | 28,000 | 3,000 | 22,000 | 23,000 | -41,000 | - | - | - |
Changes in other operating assets and liabilities | |||||||||||
10,000 | -7,000 | 10,000 | 4,000 | 19,000 | 3,000 | -4,000 | 39,000 | -35,000 | - | - | - |
Restricted cash | |||||||||||
- | - | - | - | - | - | - | - | - | - | -7,000 | 2,000 |
Other | |||||||||||
- | - | - | - | - | - | 0 | -2,000 | 41,000 | - | - | - |
Pension fund contributions | |||||||||||
-46,000 | -40,000 | -72,000 | -63,000 | -60,000 | -52,000 | -39,000 | -50,000 | -117,000 | -32,000 | -43,000 | -73,000 |
Other | |||||||||||
3,000 | -2,000 | -1,000 | -8,000 | -9,000 | -20,000 | 38,000 | -39,000 | -33,000 | 11,000 | 12,000 | 23,000 |
Net cash flow used for operating activities | |||||||||||
1,037,000 | 803,000 | 1,016,000 | 943,000 | 742,000 | 452,000 | 383,000 | 330,000 | 289,000 | 488,000 | 541,000 | 193,000 |
NET CASH FLOW USED FOR INVESTING ACTIVITIES | |||||||||||
Cash paid for property, plant, and equipment | |||||||||||
447,000 | 537,000 | 337,000 | 373,000 | 401,000 | 374,000 | 311,000 | 304,000 | 442,000 | 314,000 | 243,000 | 434,000 |
Purchase of Interwrap | |||||||||||
22,000 | 27,000 | 3,000 | 0 | 28,000 | 65,000 | 0 | 10,000 | - | - | 39,000 | 272,000 |
Investment in subsidiaries and affiliates, net of cash acquired | |||||||||||
0 | 1,143,000 | 570,000 | 452,000 | 0 | 12,000 | 62,000 | 0 | 84,000 | 0 | 0 | - |
Derivative settlements | |||||||||||
31,000 | 64,000 | 3,000 | 4,000 | - | -5,000 | 0 | 0 | - | - | - | - |
Proceeds from Hurricane Sandy insurance claims | |||||||||||
- | - | - | - | - | - | 58,000 | 20,000 | - | 0 | - | - |
Deposit related to sale of Hangzhou, China plant | |||||||||||
- | - | - | - | - | - | 34,000 | 0 | - | - | - | - |
Purchases of alloy | |||||||||||
- | - | - | - | - | 28,000 | 18,000 | 28,000 | - | - | - | - |
Proceeds from sale of alloy | |||||||||||
- | - | - | - | - | 47,000 | 16,000 | 49,000 | - | - | - | - |
Other | |||||||||||
- | - | - | -6,000 | -4,000 | 0 | - | - | - | - | - | - |
Proceeds from Divestiture of Businesses and Interests in Affiliates | |||||||||||
- | - | - | - | - | - | - | - | - | 65,000 | - | - |
Net cash flow used for investing activities | |||||||||||
-394,000 | -1,589,000 | -901,000 | -815,000 | -369,000 | -297,000 | -283,000 | -253,000 | -445,000 | -249,000 | -204,000 | -162,000 |
NET CASH FLOW PROVIDED BY FINANCING ACTIVITIES | |||||||||||
Proceeds from senior revolving credit and receivables securitization facilities | |||||||||||
2,172,000 | 1,954,000 | 1,133,000 | 669,000 | 1,546,000 | 1,276,000 | 1,063,000 | 1,877,000 | 1,912,000 | 631,000 | 260,000 | 1,135,000 |
Payments on senior revolving credit and receivables securitization facilities | |||||||||||
2,248,000 | 1,879,000 | 1,133,000 | 669,000 | 1,652,000 | 1,344,000 | 1,103,000 | 1,957,000 | 1,630,000 | 619,000 | 586,000 | 955,000 |
Proceeds from term loan borrowing | |||||||||||
0 | 600,000 | 0 | 300,000 | 0 | 0 | - | - | - | - | - | - |
Payments on term loan borrowing | |||||||||||
300,000 | 100,000 | 0 | 300,000 | 0 | 0 | - | - | - | - | - | - |
Net decrease in short-term debt | |||||||||||
4,000 | 16,000 | 1,000 | -6,000 | -22,000 | 30,000 | -4,000 | -23,000 | 26,000 | -10,000 | -20,000 | -16,000 |
Proceeds from long-term debt | |||||||||||
445,000 | 389,000 | 588,000 | 395,000 | 0 | 390,000 | 0 | 599,000 | 6,000 | 5,000 | 350,000 | 12,000 |
Payments on long-term debt | |||||||||||
484,000 | 0 | 351,000 | 163,000 | 8,000 | 402,000 | 2,000 | 441,000 | 10,000 | 609,000 | 15,000 | 9,000 |
Purchase of noncontrolling interest | |||||||||||
- | - | - | - | - | - | - | 22,000 | 0 | 30,000 | 0 | 0 |
Dividends paid | |||||||||||
95,000 | 92,000 | 89,000 | 81,000 | 78,000 | 56,000 | 0 | 0 | - | - | - | - |
Purchases of treasury stock | |||||||||||
61,000 | 236,000 | 159,000 | 247,000 | 138,000 | 44,000 | 63,000 | 113,000 | 138,000 | 120,000 | 3,000 | 100,000 |
Other | |||||||||||
-6,000 | -5,000 | 13,000 | 14,000 | 19,000 | 8,000 | 13,000 | 4,000 | 8,000 | 2,000 | -3,000 | 0 |
Net cash flow provided by financing activities | |||||||||||
-573,000 | 647,000 | 3,000 | -88,000 | -333,000 | -142,000 | -96,000 | -76,000 | 174,000 | -750,000 | -17,000 | 67,000 |
Effect of exchange rate changes on cash | |||||||||||
24,000 | -29,000 | 17,000 | -18,000 | -11,000 | -3,000 | -2,000 | 2,000 | -18,000 | -1,000 | 8,000 | 3,000 |
Net (decrease) increase in cash, cash equivalents and restricted cash | |||||||||||
94,000 | -168,000 | 135,000 | 22,000 | 29,000 | 10,000 | 2,000 | 3,000 | 0 | -512,000 | 328,000 | 101,000 |
Cash paid during the year for income taxes | |||||||||||
58,000 | 91,000 | 67,000 | 69,000 | 33,000 | 19,000 | 29,000 | 30,000 | 24,000 | 16,000 | 18,000 | 33,000 |
Cash paid during the year for interest | |||||||||||
131,000 | 158,000 | 106,000 | 118,000 | 113,000 | 122,000 | 126,000 | 122,000 | 111,000 | 108,000 | 113,000 | 120,000 |