| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||
Net (loss) income | |||||||||||
-11,300 | 327,900 | 549,500 | -3,900 | -1,400 | 105,700 | 178,600 | 149,600 | 241,700 | 64,800 | 135,700 | 157,700 |
Adjustments to reconcile net (loss) income to net cash and cash equivalents provided by (used for) operating activities: | |||||||||||
Gain on disposition of non-consolidated affiliate | |||||||||||
11,200 | 0 | 0 | - | - | - | 6,500 | 0 | 0 | - | - | - |
Gain on remeasurement of investment in SunBelt | |||||||||||
- | - | - | - | - | - | - | - | 181,400 | 0 | 0 | - |
Losses (earnings) of non-consolidated affiliates | |||||||||||
0 | -19,700 | 1,800 | 1,700 | 1,700 | 1,700 | 2,800 | 3,000 | 9,600 | 29,900 | 37,700 | 39,400 |
Losses (gains) on disposition of property, plant and equipment | |||||||||||
0 | -2,000 | 3,100 | -700 | 25,200 | 1,100 | 400 | 2,100 | 6,200 | 1,100 | 6,500 | 700 |
Stock-based compensation | |||||||||||
10,700 | 12,000 | 9,100 | 7,500 | 7,600 | 5,100 | 8,800 | 6,200 | 5,800 | 6,700 | 5,800 | 6,300 |
Depreciation and amortization | |||||||||||
597,400 | 601,400 | 558,900 | 533,500 | 228,900 | 139,100 | 135,300 | 110,900 | 99,300 | 86,900 | 71,700 | 69,600 |
Deferred income taxes | |||||||||||
45,500 | -35,600 | 452,700 | 32,700 | -5,600 | -31,000 | -12,400 | -42,500 | -92,600 | -11,200 | -72,300 | 11,000 |
Write-off of equipment and facility included in restructuring charges | |||||||||||
58,900 | 2,600 | 1,400 | 76,600 | 500 | 3,300 | 0 | 0 | - | 17,500 | 0 | 0 |
Qualified pension plan contributions | |||||||||||
14,900 | 2,600 | 1,700 | 7,300 | 900 | 800 | 1,000 | 900 | 900 | 9,800 | 4,500 | 0 |
Qualified pension plan income | |||||||||||
9,300 | 15,000 | 26,900 | 37,500 | 32,000 | 28,500 | 24,100 | 24,800 | 26,400 | 21,600 | 21,800 | -11,600 |
Common stock issued under employee benefit plans | |||||||||||
- | - | - | - | - | - | - | - | - | - | -2,100 | 2,700 |
Change in: | |||||||||||
Receivables | |||||||||||
-12,300 | 46,300 | 49,900 | -38,500 | 115,100 | -25,800 | -18,900 | -1,200 | 26,200 | 3,600 | -29,700 | -9,500 |
Impairment of Investment in Corporate Debt Securities | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 26,600 |
Income taxes receivable/payable | |||||||||||
10,700 | -24,500 | -9,600 | -10,700 | 12,600 | 27,800 | -400 | -100 | -5,000 | -13,300 | 20,000 | -1,000 |
Inventories | |||||||||||
-13,000 | 35,500 | 37,800 | -23,900 | 1,700 | 23,600 | -8,600 | -17,900 | 17,000 | 31,800 | -7,600 | -25,000 |
Other current assets | |||||||||||
-7,400 | -200 | 12,100 | -20,900 | 30,600 | -1,700 | -700 | 100 | -600 | 1,700 | -3,600 | 3,800 |
Accounts payable and accrued liabilities | |||||||||||
-11,000 | -14,500 | 100,000 | -13,100 | 185,100 | -38,500 | 1,000 | -700 | 15,600 | 14,100 | -43,500 | -66,100 |
Other assets | |||||||||||
1,300 | 2,600 | -5,800 | 4,300 | -37,600 | -5,200 | -1,300 | -300 | 200 | -2,000 | 2,100 | 3,800 |
Other noncurrent liabilities | |||||||||||
30,500 | 4,300 | -5,900 | -12,100 | -32,500 | -33,200 | -14,500 | -17,900 | 25,600 | -2,000 | 10,200 | -14,500 |
Other operating activities | |||||||||||
-2,300 | 5,900 | -6,400 | -3,500 | -5,500 | 2,500 | -300 | 0 | 2,400 | -500 | 2,400 | 500 |
Net operating activities | |||||||||||
617,300 | 907,800 | 648,800 | 603,200 | 217,100 | 159,200 | 317,000 | 279,200 | 215,900 | 115,500 | 200,200 | 115,600 |
Investing Activities | |||||||||||
Capital expenditures | |||||||||||
385,600 | 385,200 | 294,300 | 278,000 | 130,900 | 71,800 | 90,800 | 255,700 | 200,900 | 85,300 | 137,900 | 180,300 |
Proceeds from Contributions from Affiliates | |||||||||||
- | - | - | 8,800 | 8,800 | 0 | 1,500 | 1,300 | 1,900 | 23,600 | 37,100 | 27,600 |
Restricted cash activity, net | |||||||||||
- | - | - | - | - | -4,200 | -7,700 | -39,800 | -50,300 | 102,000 | 0 | 0 |
Payments to Acquire Businesses, Net of Cash Acquired | |||||||||||
- | - | - | 69,500 | 408,100 | 0 | 0 | 310,400 | 123,400 | 0 | 0 | - |
Payments under long-term supply contracts | |||||||||||
0 | 0 | 209,400 | 175,700 | 0 | 0 | - | - | - | - | - | - |
Proceeds from sale/leaseback of equipment | |||||||||||
- | - | - | 40,400 | 0 | 0 | 35,800 | 4,400 | 3,200 | 0 | 0 | - |
Proceeds from disposition of property, plant and equipment | |||||||||||
0 | 2,900 | 5,200 | 500 | 26,200 | 5,600 | 4,600 | 8,600 | 7,900 | 3,100 | 8,500 | 600 |
Proceeds from disposition of affiliated companies | |||||||||||
20,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Other investing activities | |||||||||||
- | - | - | - | - | -300 | 2,600 | 400 | -1,400 | -900 | -4,600 | 3,900 |
Net investing activities | |||||||||||
-365,600 | -382,300 | -498,500 | -473,500 | -504,000 | -61,700 | -43,800 | -512,400 | -259,600 | -159,700 | -87,700 | -156,000 |
Financing Activities | |||||||||||
Long-term debt: | |||||||||||
Borrowings | |||||||||||
825,000 | 570,000 | 2,035,500 | 230,000 | 1,275,000 | 150,000 | 0 | 200,000 | 36,000 | 117,000 | 150,300 | 0 |
Repayments | |||||||||||
744,200 | 946,100 | 2,037,900 | 435,300 | 730,700 | 162,400 | 23,700 | 19,900 | 87,200 | 20,700 | 0 | -11,300 |
Financing portion of earn out payment - SunBelt | |||||||||||
- | - | - | - | - | 14,800 | 17,100 | 15,300 | 0 | 0 | - | - |
Issuance of common stock | |||||||||||
- | - | - | - | - | - | - | - | - | 9,200 | 14,800 | 15,400 |
Common stock repurchased and retired | |||||||||||
145,900 | 50,000 | 0 | 0 | - | 64,800 | 36,200 | 3,100 | 4,200 | 0 | 0 | - |
Stock options exercised | |||||||||||
1,700 | 3,400 | 29,800 | 500 | 2,200 | 6,600 | 8,800 | 1,300 | 8,300 | 2,900 | 200 | 31,900 |
Excess tax benefits from stock-based compensation | |||||||||||
- | - | - | 400 | 400 | 1,100 | 1,600 | 700 | 1,000 | 200 | 0 | 5,500 |
Dividends paid | |||||||||||
129,300 | 133,600 | 133,000 | 132,100 | 79,500 | 63,000 | 64,000 | 64,100 | 64,000 | 63,300 | 62,500 | 60,600 |
Debt issuance costs | |||||||||||
16,600 | 8,500 | 11,200 | 1,000 | 45,200 | 1,200 | 0 | 6,000 | 0 | 1,000 | 3,300 | 0 |
Net financing activities | |||||||||||
-209,300 | -564,800 | -116,800 | -337,500 | 422,200 | -148,500 | -130,600 | 93,600 | -110,100 | 44,300 | 99,500 | -19,100 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-300 | -300 | 400 | 300 | -100 | 0 | 0 | - | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||||
42,100 | -39,600 | 33,900 | -207,500 | 135,200 | -51,000 | 142,600 | -139,600 | -153,800 | 100 | 212,000 | -59,500 |
Cash paid for interest and income taxes: | |||||||||||
Interest, net | |||||||||||
198,300 | 208,800 | 200,900 | 200,800 | 32,300 | 36,800 | 37,200 | 27,500 | 28,400 | 24,600 | -13,900 | 15,900 |
Income taxes, net of refunds | |||||||||||
36,300 | 52,900 | 18,000 | -2,600 | 5,300 | 49,000 | 61,300 | 28,400 | 41,500 | -5,900 | -21,100 | 79,000 |