| 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 | |||||||||||
696,400 | 738,000 | 668,600 | 449,600 | 436,800 | 392,600 | 441,300 | 160,200 | 158,805 | 205,435 | 265,895 | 135,609 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation, depletion, and amortization of intangibles | |||||||||||
387,500 | 410,900 | 391,400 | 358,000 | 356,500 | 381,600 | 217,900 | 175,400 | 162,839 | 156,298 | 151,217 | 147,769 |
Amortization of deferred financing costs | |||||||||||
23,400 | 8,600 | 10,000 | 7,800 | 7,800 | 9,200 | - | - | - | 648 | 772 | 685 |
Alternative energy tax credits | |||||||||||
- | - | - | - | - | - | -76,300 | 76,300 | 0 | -127,811 | - | - |
Loss on disposals of property, plant, and equipment | |||||||||||
- | - | - | - | - | -7,000 | -9,400 | -7,300 | -7,137 | -8,865 | -6,605 | -5,825 |
Loss on early extinguishment of debt | |||||||||||
-22,200 | - | - | - | - | - | - | -21,300 | 0 | - | - | - |
Amortization of net loss on treasury lock | |||||||||||
- | - | - | - | - | - | - | - | - | 1,846 | -1,846 | -2,407 |
Share-based compensation expense | |||||||||||
30,400 | 23,500 | 20,600 | 19,700 | 18,200 | 15,600 | 14,800 | 11,700 | 9,736 | 7,006 | 7,261 | 8,695 |
Deferred income tax provision | |||||||||||
60,300 | 38,700 | -84,500 | -4,000 | 1,700 | 2,600 | -160,300 | 181,000 | 27,841 | -120,579 | -13,819 | -10,814 |
Net loss on impairment of assets | |||||||||||
- | -3,100 | -13,500 | - | - | - | - | - | - | - | - | - |
Pension and post-retirement benefits expense, net of contributions | |||||||||||
26,900 | -3,100 | 20,400 | 30,500 | -31,200 | -25,400 | -18,500 | -1,700 | -5,726 | -11,142 | - | - |
Other, net | |||||||||||
4,800 | 7,100 | 3,000 | 1,400 | -19,800 | -900 | -1,000 | -3,200 | -4,761 | 1,083 | - | - |
Changes in operating assets and liabilities: | |||||||||||
Increase in assets — | |||||||||||
Alternative fuel mixture tax credits receivable | |||||||||||
- | - | - | - | - | - | - | - | - | - | 127,811 | - |
Accounts receivable | |||||||||||
-56,400 | 56,100 | 115,100 | 3,600 | -9,500 | 8,500 | 31,200 | 25,000 | 16,946 | 50,256 | -13,602 | -21,023 |
Inventories | |||||||||||
-1,400 | 35,600 | 21,000 | 25,700 | 11,900 | 72,400 | -25,000 | 6,400 | 9,605 | 28,352 | 5,498 | 2,598 |
Prepaid expenses and other current assets | |||||||||||
6,900 | 2,100 | 5,200 | - | -4,100 | 5,100 | 1,900 | 800 | 616 | 3,956 | 9,458 | 8 |
Increase (decrease) in liabilities — | |||||||||||
Accounts payable | |||||||||||
-32,400 | -17,600 | 41,000 | 16,600 | -37,300 | -36,000 | 54,200 | -40,400 | -694 | 25,367 | 22,475 | -31,133 |
Accrued liabilities | |||||||||||
-100 | 5,500 | 8,400 | -3,200 | -15,500 | 7,000 | -22,100 | -2,700 | 6,052 | 11,254 | 4,764 | -9,855 |
Federal and state income taxes payable / receivable | |||||||||||
9,100 | -53,000 | 54,200 | -20,800 | 12,700 | -18,000 | 32,700 | -400 | - | - | - | - |
Other, net | |||||||||||
- | - | - | - | - | - | - | - | - | - | 8,028 | -6,531 |
Net cash provided by operating activities | |||||||||||
1,207,400 | 1,180,100 | 856,100 | 806,900 | 768,600 | 736,100 | 608,200 | 404,200 | 345,514 | 349,920 | 306,131 | 269,322 |
Cash Flows from Investing Activities: | |||||||||||
Additions to property, plant, and equipment | |||||||||||
399,500 | 551,400 | 343,000 | 274,300 | 314,500 | 420,200 | 234,400 | 128,500 | 280,213 | 320,200 | 114,197 | 132,972 |
Proceeds from sale of a business | |||||||||||
- | - | - | - | 23,000 | 0 | 0 | - | - | - | - | - |
Acquisitions of businesses, net of cash acquired | |||||||||||
- | 56,300 | 273,800 | 485,400 | - | 20,500 | 1,174,500 | 35,400 | 57,340 | - | 3,136 | - |
Additions to other long term assets | |||||||||||
3,800 | 4,500 | 7,800 | 10,400 | 12,300 | 12,500 | 3,100 | 1,100 | 13,055 | 2,627 | 2,105 | 3,267 |
Purchases of marketable debt securities, net of redemptions | |||||||||||
146,100 | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from disposals | |||||||||||
4,100 | 1,500 | 16,600 | 500 | 1,500 | - | - | - | - | - | - | - |
Treasury grant proceeds | |||||||||||
- | - | - | - | - | - | - | 57,400 | 0 | - | - | - |
Other, net | |||||||||||
1,300 | -2,500 | 1,100 | - | -4,200 | -2,100 | -600 | -100 | 443 | 1,513 | 114 | 1,703 |
Net cash used for investing activities | |||||||||||
-546,600 | -608,200 | -609,100 | -769,600 | -298,100 | -451,100 | -1,411,400 | -107,500 | -350,165 | -321,314 | -119,324 | -134,536 |
Cash Flows from Financing Activities: | |||||||||||
Proceeds from issuance of debt | |||||||||||
895,800 | - | 997,800 | 385,000 | - | 398,900 | 1,998,100 | 397,000 | 150,000 | - | 0 | 149,939 |
Repayments of debt and finance lease obligations | |||||||||||
923,400 | 151,300 | 1,011,900 | 37,500 | 47,600 | 592,500 | 1,074,800 | 437,200 | 670 | 626 | 606 | 170,320 |
Financing costs paid | |||||||||||
8,300 | - | 6,800 | 2,000 | - | 3,400 | 19,400 | 800 | 2,041 | - | 0 | 1,176 |
Settlement of treasury lock | |||||||||||
- | - | - | - | - | - | - | 65,500 | -9,910 | - | 0 | 4,386 |
Common stock dividends paid | |||||||||||
298,700 | 268,100 | 237,600 | 216,100 | 200,800 | 157,400 | 109,100 | 117,800 | 76,012 | 61,798 | 76,898 | 125,057 |
Repurchases of common stock | |||||||||||
- | - | - | 100,300 | 154,700 | 0 | 7,800 | 45,200 | 125,027 | 38,901 | - | 65,666 |
Proceeds from exercise of stock options | |||||||||||
- | - | - | - | - | 3,700 | 2,900 | 19,900 | 7,016 | 7,496 | 1,615 | 2,410 |
Excess tax benefits from stock-based awards | |||||||||||
- | - | - | - | - | 12,200 | 7,800 | 4,000 | 1,232 | 1,052 | 412 | 724 |
Shares withheld to cover employee restricted stock taxes | |||||||||||
8,200 | 7,900 | 10,800 | 11,200 | 8,700 | 13,200 | 11,000 | 0 | 0 | - | - | - |
Other, net | |||||||||||
- | - | -100 | -100 | 600 | 600 | 100 | 0 | 0 | - | - | - |
Net cash used for financing activities | |||||||||||
-342,800 | -427,300 | -269,400 | 17,800 | -411,200 | -351,100 | 786,800 | -245,600 | -35,592 | -92,777 | -75,477 | -213,532 |
Net increase in cash and cash equivalents | |||||||||||
318,000 | 144,600 | -22,400 | 55,100 | 59,300 | -66,100 | -16,400 | 51,100 | -40,243 | -64,171 | 111,330 | -78,746 |