| 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 (Loss) Attributable to Parent | |||||||||||
-231,808 | -19,105 | -84,850 | -46,390 | 28,597 | 179,003 | 421,276 | 448,627 | 323,422 | 168,605 | 59,612 | 219,299 |
Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||||||
Loss from discontinued operations | |||||||||||
- | - | - | -4 | 226 | 51,776 | 292,217 | 307,482 | - | - | - | - |
Depreciation and amortization expense | |||||||||||
123,319 | 123,530 | 107,667 | 118,720 | 131,257 | 124,776 | 109,231 | 88,745 | 188,147 | 124,202 | 118,108 | 102,604 |
Gains on disposals of assets | |||||||||||
- | - | - | - | - | - | 1,090 | - | - | - | - | - |
Impairments of goodwill | |||||||||||
165,000 | 0 | 0 | - | - | - | - | - | - | - | 94,528 | 85,630 |
Impairment of fixed assets | |||||||||||
33,697 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Losses (gains) on sale of investment and disposals of assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 6,270 |
Equity in earnings of unconsolidated subsidiaries, net of dividends | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 2,983 |
Stock-based compensation expense | |||||||||||
16,768 | 22,649 | 23,049 | 21,322 | 21,778 | 25,581 | 24,097 | 16,765 | 14,565 | 12,620 | 11,550 | 10,908 |
Amortization of debt discount and deferred financing costs | |||||||||||
7,884 | 7,408 | 1,158 | 785 | - | - | - | - | 7,786 | 7,249 | 6,749 | 6,283 |
Deferred income tax benefit | |||||||||||
-15,469 | -3,489 | 16,342 | -37,606 | -3,173 | -11,970 | -9,759 | 8,901 | 27,075 | 20,590 | -15,126 | 13,692 |
Gain on disposals of assets | |||||||||||
4,291 | 6,288 | 700 | 802 | 1,274 | 2,043 | - | 5,293 | 3,614 | -211 | - | - |
Amortization of deferred financing costs | |||||||||||
- | - | - | - | 780 | 1,819 | 4,146 | 4,419 | 6,497 | 1,703 | 1,053 | - |
Tax impact of stock-based payment arrangements | |||||||||||
- | - | - | - | 469 | 6,904 | 7,407 | 8,164 | 8,583 | 4,029 | - | 3,429 |
Loss on extinguishment of debt | |||||||||||
- | - | - | - | - | -100,380 | -6,168 | - | - | - | - | - |
Other, net | |||||||||||
-3,079 | -1,411 | -288 | -2,923 | -283 | -3,127 | -4,459 | -5,451 | -960 | 263 | -863 | 3,254 |
Changes in operating assets and liabilities, net of effect from acquired businesses: | |||||||||||
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
-50,257 | 16,792 | -21,128 | -85,503 | -156,945 | 65,787 | -801 | 84,752 | 260,186 | 61,835 | -205,627 | 155,897 |
Inventories | |||||||||||
10,774 | 7,283 | -11,339 | -32,158 | -17,777 | -1,430 | 691 | 15,951 | 154,290 | 75,416 | -200,469 | 281,971 |
Accounts payable and accrued liabilities | |||||||||||
-6,173 | 5,796 | 14,048 | -27,716 | -98,354 | 5,741 | 3,163 | 8,070 | 47,467 | 82,032 | -168,758 | 143,479 |
Income taxes payable | |||||||||||
662 | 802 | -4,126 | -1,930 | 4,897 | -15,130 | -3,442 | -24,659 | 24,789 | -22,468 | -38,428 | 66,616 |
Other operating assets and liabilities, net | |||||||||||
-5,281 | 5,469 | 9,961 | -2,286 | 3,050 | -14,397 | 23,649 | -16,283 | -1,735 | 22,279 | -22,885 | -56,249 |
Net cash flows provided by continuing operating activities | |||||||||||
- | - | - | - | 255,768 | 302,644 | 235,086 | 150,960 | - | 230,922 | 453,362 | 257,464 |
Net cash flows provided by discontinued operating activities | |||||||||||
- | - | - | - | 353 | 135,392 | 452,177 | 486,230 | - | -143 | -133 | -295 |
Net cash flows provided by operating activities | |||||||||||
137,432 | 103,170 | 95,382 | 149,257 | 256,121 | 438,036 | 687,263 | 637,190 | 215,770 | - | - | - |
Cash flows from investing activities: | |||||||||||
Capital expenditures | |||||||||||
56,116 | 88,024 | 35,171 | 29,689 | 114,738 | 199,256 | 164,895 | 168,863 | 487,482 | 182,207 | 124,488 | 247,384 |
Proceeds from sale of business | |||||||||||
- | - | - | - | - | - | 600,000 | - | - | - | - | - |
Proceeds from sale of investment and collection of notes receivable | |||||||||||
- | - | - | - | - | - | - | - | - | - | 21,166 | 27,381 |
Proceeds from disposition of property, plant and equipment | |||||||||||
6,046 | 3,659 | 2,134 | 1,532 | 2,655 | 3,535 | 2,449 | 5,307 | 5,949 | 2,734 | 2,839 | 4,390 |
Acquisitions of businesses, net of cash acquired | |||||||||||
0 | 379,676 | 12,859 | 0 | 33,427 | 157 | 44,260 | 80,449 | 2,412 | 709,575 | -18 | 29,835 |
Proceeds from flood insurance claims | |||||||||||
0 | 3,850 | 0 | 0 | - | - | - | - | - | - | - | - |
Deposits held in escrow related to acquisitions of businesses | |||||||||||
- | - | - | - | - | - | - | 20,000 | - | - | - | - |
Other, net | |||||||||||
1,912 | 1,184 | 1,719 | 1,135 | 1,686 | 2,626 | -215 | 2,245 | 5,010 | 632 | 2,143 | 646 |
Net cash flows used in continuing investing activities | |||||||||||
- | - | - | - | - | -198,504 | 393,509 | -266,250 | - | - | - | - |
Net cash flows used in discontinued investing activities | |||||||||||
- | - | - | - | - | -119,199 | -285,132 | -310,727 | - | - | - | - |
Net cash flows used in investing activities | |||||||||||
-51,982 | -461,375 | -47,615 | -29,292 | -147,196 | -317,703 | 108,377 | -576,977 | -488,955 | -889,680 | -102,608 | -246,094 |
Cash flows from financing activities: | |||||||||||
Revolving credit facility borrowings | |||||||||||
246,828 | 835,467 | 206,015 | 211,878 | - | - | - | - | - | - | - | - |
Revolving credit facility repayments | |||||||||||
331,041 | 699,322 | 248,199 | -292,552 | -17,825 | 140,684 | - | -68,065 | -316,736 | 347,129 | -294,760 | 1,474 |
Issuance of 1.50% convertible senior notes | |||||||||||
0 | 200,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Repayments of Convertible Debt | |||||||||||
6,724 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Other debt and finance lease activity, net | |||||||||||
-500 | -537 | -517 | -534 | 541 | 538 | 2,303 | 493 | 2,529 | 487 | 4,961 | 4,960 |
Shares added to treasury stock as a result of net share settlements due to vesting of restricted stock | |||||||||||
3,698 | 4,178 | 5,317 | 3,962 | 6,827 | 6,136 | 4,919 | 4,218 | 2,702 | 1,406 | - | - |
Term loan repayments | |||||||||||
- | - | - | - | - | - | -170,000 | -20,000 | -14,972 | 300,955 | - | - |
Payment of financing costs | |||||||||||
16 | 7,372 | 759 | 72 | 2 | 3,897 | 212 | 4,472 | 13,464 | 24,548 | - | 39 |
Purchase of treasury stock | |||||||||||
757 | 0 | 16,283 | 0 | 105,916 | 226,303 | 108,535 | 15,245 | 12,632 | - | - | 9,563 |
Distribution received from Spin-Off of Civeo | |||||||||||
- | - | - | - | - | 750,000 | - | - | - | - | - | - |
Issuance of common stock from stock-based payment arrangements | |||||||||||
- | - | - | 367 | 5,920 | 10,475 | 16,384 | 13,628 | 14,154 | 23,361 | 3,460 | 8,868 |
Tax impact of stock-based payment arrangements | |||||||||||
- | - | - | - | 469 | 6,904 | 7,407 | 8,164 | 8,583 | 4,029 | - | 3,429 |
Other, net | |||||||||||
- | - | - | - | - | - | - | - | -1,804 | -1 | -512 | -875 |
Net cash flows used in continuing financing activities | |||||||||||
- | - | - | - | - | -378,912 | -299,928 | 134,309 | - | - | - | - |
Net cash flows used in discontinued financing activities | |||||||||||
- | - | - | - | - | -282,204 | -130,668 | -13,751 | - | - | - | - |
Net cash flows provided by (used in) financing activities | |||||||||||
-95,908 | 324,058 | -65,060 | -84,875 | -124,722 | -661,116 | -430,596 | 120,558 | 257,888 | 649,032 | -296,773 | -1,666 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-365 | 4 | 1,952 | -2,263 | -1,493 | -5,260 | -18,910 | 680 | -9,332 | 16,477 | 5,695 | -9,802 |
Net change in cash and cash equivalents | |||||||||||
-10,823 | -34,143 | -15,341 | 32,827 | -17,290 | -546,043 | 346,134 | 181,451 | -24,629 | 6,751 | 59,676 | -98 |
Cash paid for: | |||||||||||
Interest | |||||||||||
9,626 | 9,864 | 4,206 | 3,942 | - | - | - | - | - | - | - | - |
Income taxes, net of refunds | |||||||||||
-1,303 | 2,993 | -174 | 2,330 | - | - | - | - | - | - | - | - |
Value of common stock issued in payment of 2 3/8% Notes conversion | |||||||||||
- | - | - | - | - | - | - | 220,597 | - | - | - | - |