| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net earnings | ||||||||||||
-382,000 | 282,000 | 202,000 | 230,000 | 158,000 | 192,000 | 330,000 | 218,000 | -480,000 | -3,000 | 198,000 | 328,000 | 1,400,300 |
Loss (gain) from discontinued operations | ||||||||||||
-3,000 | 113,000 | -3,000 | -7,000 | -4,000 | -23,000 | -18,000 | -2,000 | 1,000 | -331,000 | - | 7,000 | 1,038,500 |
Earnings from discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | 31,000 | 66,000 | 96,000 | - |
Net earnings of discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 2,800 |
Net earnings attributable to noncontrolling interests | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 59,700 |
Non-cash charges | ||||||||||||
Depreciation and amortization | ||||||||||||
390,000 | 388,000 | 387,000 | 375,000 | 323,000 | 335,000 | 350,000 | 378,000 | 405,000 | 369,000 | 364,000 | 420,000 | 423,400 |
Amortization of intangibles and other deferred items | ||||||||||||
109,000 | 106,000 | 101,000 | 103,000 | 86,000 | 83,000 | 47,000 | 34,000 | 17,000 | 22,000 | 21,000 | 29,000 | 28,900 |
Amortization of finance fees and debt discount | ||||||||||||
10,000 | 13,000 | 13,000 | 13,000 | 15,000 | 30,000 | 32,000 | 33,000 | 32,000 | 19,000 | 10,000 | 8,000 | 8,600 |
Deferred tax provision (benefit) | ||||||||||||
7,000 | -9,000 | -12,000 | -4,000 | 12,000 | -18,000 | -3,000 | -5,000 | -42,000 | -12,000 | 16,000 | 21,000 | 3,200 |
Pension expense | ||||||||||||
32,000 | 32,000 | 29,000 | 31,000 | 31,000 | 43,000 | 101,000 | 92,000 | 91,000 | 73,000 | 45,000 | - | - |
Restructuring, asset impairment and related charges | ||||||||||||
69,000 | 92,000 | 72,000 | 98,000 | 63,000 | 76,000 | 119,000 | 168,000 | 112,000 | 13,000 | 207,000 | 133,000 | 100,300 |
Non-income tax charge | ||||||||||||
- | - | - | - | - | 69,000 | - | - | - | -8,000 | -48,000 | - | - |
Gain on China land compensation | ||||||||||||
- | - | - | - | - | - | - | 61,000 | - | - | - | - | - |
Charges for acquisition-related costs | ||||||||||||
- | - | - | - | - | - | - | - | - | 26,000 | - | - | - |
Other | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 63,000 | 78,700 |
Asbestos-related costs | ||||||||||||
35,000 | 125,000 | 0 | - | 16,000 | 46,000 | 12,000 | 155,000 | 165,000 | 170,000 | 180,000 | 250,000 | 115,000 |
Impairment of equity investment | ||||||||||||
- | - | - | 25,000 | - | - | - | - | - | - | - | - | - |
Gain on China land sale | ||||||||||||
- | - | - | 71,000 | - | - | - | - | - | - | - | - | - |
Pension settlement charges | ||||||||||||
26,000 | 74,000 | 218,000 | 98,000 | - | 65,000 | - | - | - | - | - | - | - |
Goodwill impairment charge | ||||||||||||
595,000 | - | - | - | - | - | - | - | 641,000 | - | - | - | - |
Gain on sale of equity investment | ||||||||||||
107,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Other asset impairments | ||||||||||||
22,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Acquisition-related fair value inventory adjustments | ||||||||||||
- | - | - | - | 22,000 | - | - | - | - | - | - | - | - |
Acquisition-related fair value intangible adjustments | ||||||||||||
- | - | - | - | 10,000 | - | - | - | - | - | - | - | - |
Cash payments | ||||||||||||
Pension contributions | ||||||||||||
33,000 | 34,000 | 31,000 | 38,000 | 17,000 | 28,000 | 96,000 | 219,000 | 59,000 | 23,000 | 123,000 | - | - |
Asbestos-related payments | ||||||||||||
151,000 | 105,000 | 110,000 | 125,000 | 138,000 | 148,000 | 158,000 | 165,000 | 170,000 | 179,000 | 190,000 | 210,000 | 347,100 |
Cash paid for restructuring activities | ||||||||||||
54,000 | 32,000 | 62,000 | 24,000 | 38,000 | 58,000 | 78,000 | 66,000 | 39,000 | 61,000 | 65,000 | 49,000 | 17,800 |
Change in non-current operating assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -8,000 | 7,400 |
Change in non-current liabilities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -90,000 | -67,600 |
Change in components of working capital | ||||||||||||
176,000 | -15,000 | 89,000 | -90,000 | -88,000 | -117,000 | -124,000 | -81,000 | 117,000 | 73,000 | -156,000 | 148,000 | -36,200 |
Other, net | ||||||||||||
- | - | - | 50,000 | 23,000 | 129,000 | 150,000 | 73,000 | 100,000 | 58,000 | 28,000 | - | - |
Other, net (a) | ||||||||||||
13,000 | -41,000 | 3,000 | - | - | - | -52,000 | -8,000 | -50,000 | -25,000 | -52,000 | - | - |
Cash provided by continuing operating activities | ||||||||||||
408,000 | 793,000 | 724,000 | 758,000 | 612,000 | 698,000 | 700,000 | 580,000 | 505,000 | 600,000 | 729,000 | 660,000 | 653,700 |
Cash utilized in discontinued operating activities | ||||||||||||
-3,000 | -2,000 | -3,000 | -7,000 | -4,000 | -23,000 | -18,000 | -5,000 | -2,000 | -8,000 | 71,000 | 97,000 | 11,300 |
Cash utilized in operating activities | ||||||||||||
405,000 | 791,000 | 721,000 | 751,000 | 608,000 | 675,000 | 682,000 | 575,000 | 503,000 | 592,000 | 800,000 | 757,000 | 665,000 |
Cash flows from investing activities: | ||||||||||||
Cash payments for property, plant and equipment | ||||||||||||
426,000 | 536,000 | 441,000 | 454,000 | 402,000 | 369,000 | 361,000 | 290,000 | 285,000 | 500,000 | 407,000 | 340,000 | 292,500 |
Additions to property, plant and equipment - discontinued | ||||||||||||
- | - | - | - | - | - | - | - | - | 3,000 | 21,000 | 22,000 | 23,300 |
Acquisitions, net of cash acquired | ||||||||||||
190,000 | 123,000 | 39,000 | 56,000 | 2,351,000 | 114,000 | 4,000 | 5,000 | 144,000 | 817,000 | 5,000 | - | 9,800 |
Contributions and advances to joint ventures | ||||||||||||
22,000 | 52,000 | - | - | - | - | - | - | - | - | - | - | - |
Net cash proceeds on disposal of assets | ||||||||||||
197,000 | 11,000 | 14,000 | 85,000 | 1,000 | 19,000 | 11,000 | 95,000 | 3,000 | 6,000 | 15,000 | -15,000 | - |
Deconsolidation of subsidiary | ||||||||||||
- | - | - | - | - | - | -32,000 | - | - | - | - | - | - |
Other, net | ||||||||||||
-4,000 | -2,000 | - | - | - | - | - | - | - | - | - | - | - |
Net foreign exchange derivative activity | ||||||||||||
- | - | - | -8,000 | -4,000 | - | - | - | - | - | - | - | - |
Net activity for non-controlling partner loans | ||||||||||||
- | - | - | - | - | 9,000 | 16,000 | 21,000 | - | - | - | - | - |
Net cash proceeds related to divestitures and asset sales | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 1,770,000 |
Cash utilized in continuing investing activities | ||||||||||||
-437,000 | -698,000 | -466,000 | -417,000 | -2,748,000 | - | - | - | - | - | - | - | - |
Cash provided by discontinued investing activities | ||||||||||||
- | - | 115,000 | - | - | - | - | - | - | - | - | - | - |
Cash utilized in investing activities | ||||||||||||
-437,000 | -698,000 | -351,000 | -417,000 | -2,748,000 | -455,000 | -402,000 | -221,000 | -426,000 | -1,314,000 | -418,000 | -377,000 | 1,444,400 |
Cash flows from financing activities: | ||||||||||||
Contribution from noncontrolling interests | ||||||||||||
- | - | - | - | - | - | 5,000 | 3,000 | - | - | - | - | - |
Issuance of common stock and other | ||||||||||||
-4,000 | 5,000 | -5,000 | 5,000 | 1,000 | 3,000 | - | 4,000 | 5,000 | 5,000 | 7,000 | 15,000 | 62,800 |
Decrease in short-term loans - discontinued | ||||||||||||
- | - | - | - | - | - | - | - | - | 2,000 | 6,000 | - | - |
Net cash proceeds for hedging activity | ||||||||||||
-28,000 | - | - | - | - | - | - | -27,000 | 22,000 | -21,000 | -14,000 | 45,000 | -5,700 |
Distributions paid to noncontrolling interests | ||||||||||||
17,000 | 22,000 | 17,000 | 16,000 | 22,000 | 37,000 | 22,000 | 24,000 | 35,000 | 25,000 | 35,000 | 40,000 | - |
Dividends paid to noncontrolling interests - discontinued | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 27,000 | 10,000 | - |
Convertible preferred stock dividends | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 5,000 | 21,500 |
Dividends paid to noncontrolling interests | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 28,600 |
Treasury shares repurchased | ||||||||||||
38,000 | 163,000 | - | - | 100,000 | 32,000 | 33,000 | 27,000 | - | 199,000 | - | - | - |
Additions to long-term debt | ||||||||||||
4,265,000 | 2,511,000 | 1,458,000 | 1,235,000 | 4,538,000 | 1,247,000 | 768,000 | 119,000 | 1,465,000 | 1,392,000 | 1,080,000 | 686,000 | 406,400 |
Repayments of long-term debt | ||||||||||||
4,099,000 | 2,353,000 | 1,764,000 | 1,453,000 | 2,321,000 | 1,101,000 | 1,040,000 | 402,000 | 1,797,000 | 573,000 | 832,000 | 945,000 | 2,393,200 |
Increase (decrease) in short-term loans | ||||||||||||
49,000 | -18,000 | -36,000 | 10,000 | 51,000 | -139,000 | 8,000 | -38,000 | 80,000 | 39,000 | 85,000 | 21,000 | -21,500 |
Payment of finance fees | ||||||||||||
85,000 | 13,000 | 28,000 | 9,000 | 90,000 | 11,000 | 7,000 | 1,000 | 19,000 | 33,000 | 14,000 | - | 6,300 |
Dividend paid | ||||||||||||
31,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Cash provided by financing activities | ||||||||||||
68,000 | -53,000 | -392,000 | -228,000 | 2,057,000 | -70,000 | -321,000 | -339,000 | -323,000 | 547,000 | 114,000 | -365,000 | -1,996,200 |
Effect of exchange rate fluctuations on cash | ||||||||||||
3,000 | -20,000 | 22,000 | -13,000 | -30,000 | -21,000 | -7,000 | 16,000 | 6,000 | 3,000 | -64,000 | -23,000 | 51,800 |
Increase (Decrease) in cash | ||||||||||||
39,000 | 20,000 | - | 93,000 | -113,000 | 129,000 | -48,000 | 31,000 | -240,000 | -172,000 | 432,000 | -8,000 | 165,000 |