| Dec'19 | Dec'18 | Dec'17 | Jan'17 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||||
Net income | |||||||||||
227,558 | 237,927 | 292,633 | 234,299 | 212,425 | 157,778 | 167,212 | 69,940 | 7,655 | 390,983 | 82,081 | 126,409 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | |||||||||||
-195 | 452 | 135,743 | 18,593 | 23,640 | 27,639 | -7,055 | -1,349 | 6,483 | 252,075 | 8,620 | 35,519 |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | |||||||||||
227,753 | 237,475 | 156,890 | 215,706 | 188,785 | 130,139 | 174,267 | 71,289 | 1,172 | 138,908 | 73,461 | 90,890 |
Adjustments to reconcile net income from continuing operations to net cash provided by continuing operations: | |||||||||||
Restructuring and other costs, net | |||||||||||
29,428 | 11,144 | 12,657 | 5,124 | 13,547 | 13,325 | 33,892 | 25,051 | 13,452 | 18,963 | 17,987 | 6,669 |
Depreciation and amortization | |||||||||||
214,025 | 180,588 | 105,000 | 99,972 | 105,364 | 110,465 | 126,879 | 125,126 | 110,921 | 89,163 | 80,762 | 77,376 |
Asset impairment | |||||||||||
- | - | - | - | - | - | 158 | 74,153 | 3,006 | 0 | 0 | - |
Excess tax benefit from exercise of common stock options | |||||||||||
- | - | - | - | 2,435 | 0 | 0 | -1,767 | 9,321 | -2,405 | -222 | 342 |
Gain on Sale of Investments | |||||||||||
0 | 557 | 0 | 0 | - | - | - | - | - | - | - | - |
Change in fair value of financial securities | |||||||||||
-3,249 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Gain (Loss) on Extinguishment of Debt | |||||||||||
32,541 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||||
31,514 | 28,767 | 25,421 | 17,158 | 17,278 | 14,057 | 14,053 | 20,625 | 15,482 | 12,416 | 13,995 | 18,146 |
Pension and other post-retirement expense (benefits) | |||||||||||
26,107 | 11,915 | -10,439 | 14,511 | 9,381 | 77,182 | -18,176 | 35,336 | 74,974 | 3,832 | 21,348 | - |
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | |||||||||||
3,881 | 14,639 | 2,162 | 16,183 | 0 | 0 | - | - | - | - | - | - |
Deferred Income Tax Expense (Benefit) | |||||||||||
-61,353 | -51,103 | 28,854 | -4,549 | -9,602 | -34,105 | -29,907 | -65,551 | -289 | -24,495 | 22,393 | -16,880 |
Deferred Income Tax Expense (Benefit), Continuing Operations, Discontinuing Operations | |||||||||||
-61,353 | -51,103 | 28,854 | -6,526 | -6,571 | -33,351 | - | - | - | - | - | - |
Contingencies and Non-Cash Tax Matters | |||||||||||
-424 | -671 | 182 | -291 | -5,342 | -7,605 | -34,455 | 1,382 | 5,482 | -7,671 | 577 | -7,257 |
Amortization of deferred debt financing costs and accretion of discounts | |||||||||||
3,846 | 3,341 | 2,592 | 2,137 | 1,496 | 1,434 | 6,502 | 3,517 | 5,651 | 2,613 | 2,540 | 2,239 |
Loss (gain) on disposition of businesses and assets, net | |||||||||||
-2,469 | 12,844 | -309 | 5,562 | 0 | -108 | 1,566 | 0 | -113 | 28,942 | 0 | -1,158 |
Amortization of acquired inventory revaluation | |||||||||||
21,590 | 19,272 | 6,188 | 396 | 7,275 | 2,425 | 203 | 5,214 | 4,092 | 0 | 1,141 | - |
Changes in operating assets and liabilities which provided (used) cash, excluding effects from companies purchased and divested: | |||||||||||
Accounts receivable, net | |||||||||||
100,630 | 94,512 | 36,633 | 18,960 | -4,061 | 12,059 | 14,071 | 44,878 | 20,597 | 38,103 | 30,439 | 6,120 |
Inventories | |||||||||||
9,607 | 30,183 | 17,923 | -6,752 | 27,931 | 19,443 | 14,171 | 7,860 | 2,200 | 22,535 | 3,675 | 9,493 |
Accounts payable | |||||||||||
7,351 | 8,900 | 34,331 | 30,716 | -10,897 | 2,847 | -1,083 | -8,083 | -1,776 | 27,789 | -10,435 | 4,548 |
Accrued expenses and other | |||||||||||
-61,773 | -14,933 | -17,436 | -53,540 | -30,177 | -31,622 | -85,277 | -83,102 | 33,841 | -7,140 | -62,029 | 11,486 |
Net cash provided by (used in) operating activities of continuing operations | |||||||||||
363,469 | 311,238 | 292,155 | 323,776 | 263,834 | 247,902 | 157,248 | 153,986 | 234,003 | 167,203 | 127,848 | 170,788 |
Net cash used in operating activities of discontinued operations | |||||||||||
0 | -200 | -3,702 | 26,839 | 23,264 | 33,695 | 1,343 | -1,816 | -9,129 | -2,950 | 20,874 | 47,056 |
Net cash provided by (used in) operating activities | |||||||||||
363,469 | 311,038 | 288,453 | 350,615 | 287,098 | 281,597 | 158,591 | 152,170 | 224,874 | 164,253 | 148,722 | 217,844 |
Investing activities: | |||||||||||
Capital expenditures | |||||||||||
76,331 | 93,253 | 39,089 | 31,702 | 28,218 | 27,152 | 38,981 | 42,401 | 30,592 | 33,646 | 25,516 | 35,269 |
Increase (Decrease) in Restricted Cash | |||||||||||
- | - | - | - | -59 | 0 | 0 | -487 | -1,250 | 1,120 | -1,412 | -384 |
Proceeds from surrender of life insurance policies | |||||||||||
0 | 72 | 45 | 44 | 757 | 490 | 783 | 0 | 814 | 0 | 0 | - |
Proceeds from Derivative Instrument, Investing Activities | |||||||||||
0 | 0 | 36,541 | 0 | 0 | 2,531 | 52,202 | 0 | 456 | 11,014 | 0 | - |
Payments to Acquire Investments | |||||||||||
6,387 | 7,019 | 10,783 | 0 | 0 | - | - | - | - | - | - | - |
Purchases of Licenses | |||||||||||
5,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from Divestiture of Businesses | |||||||||||
550 | 38,027 | 1,100 | 21,000 | 0 | 0 | - | - | - | - | - | - |
Payments for business development activity | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -167 |
Proceeds from dispositions of businesses and investments, net | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,158 |
Activity related to acquisitions, net of cash and cash equivalents acquired | |||||||||||
400,405 | 97,686 | 1,527,183 | 71,924 | 72,040 | 271,477 | 15,699 | 40,858 | 914,041 | 150,374 | 101,926 | 85,642 |
Net cash used in investing activities of continuing operations | |||||||||||
-487,573 | -159,859 | -1,539,369 | -82,582 | -99,442 | -295,608 | -1,695 | -82,772 | -942,113 | -174,126 | -126,030 | -119,536 |
Net cash provided by investing activities of discontinued operations | |||||||||||
0 | 0 | 272,779 | -1,302 | -1,414 | -289 | 484 | 2,463 | 32,252 | 469,275 | -27,837 | -16,142 |
Net cash used in investing activities | |||||||||||
-487,573 | -159,859 | -1,266,590 | -83,884 | -100,856 | -295,897 | -1,211 | -80,309 | -909,861 | 295,149 | -153,867 | -135,678 |
Financing activities: | |||||||||||
Payments on borrowings | |||||||||||
1,692,489 | 1,264,000 | 235,965 | 902,507 | 485,000 | 356,000 | 538,000 | 435,850 | 763,000 | 508,846 | 361,547 | 633,000 |
Proceeds from borrowings | |||||||||||
1,599,416 | 857,000 | 1,060,952 | 420,507 | 451,000 | 475,000 | 677,000 | 395,000 | 787,000 | 368,000 | 406,500 | 476,000 |
Payments of Senior Debt | |||||||||||
530,276 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from sale of senior debt | |||||||||||
847,195 | 369,340 | 0 | 546,190 | 0 | 0 | - | - | 496,860 | 0 | 0 | 150,000 |
Prepayment of long-term debt | |||||||||||
- | - | - | - | - | - | 150,000 | 0 | 0 | - | - | - |
Premium on prepayment of long-term debt | |||||||||||
- | - | - | - | - | - | 11,119 | 0 | 0 | - | - | - |
Payments of debt financing costs | |||||||||||
9,879 | 2,634 | 0 | 7,868 | 0 | 1,845 | 0 | 416 | 10,531 | 72 | 7 | 1,997 |
Settlement of cash flow hedges | |||||||||||
1,280 | 34,132 | 13,824 | 1,900 | -18,706 | 0 | -1,363 | -4,050 | 0 | 0 | - | 27,064 |
Net payments on other credit facilities | |||||||||||
-14,975 | -28,383 | -2,831 | -1,096 | -1,072 | -12,675 | 5,281 | 5,274 | -2,303 | -149 | -116 | -521 |
Payments for acquisition-related contingent consideration | |||||||||||
-29,942 | -12,800 | -8,940 | -155 | -103 | -855 | 0 | -12,459 | -137 | -136 | 0 | - |
Excess tax benefit from exercise of common stock options | |||||||||||
0 | 0 | - | - | 2,435 | 0 | 0 | 1,767 | 9,321 | 2,405 | 222 | 342 |
Proceeds from issuance of common stock under stock plans | |||||||||||
19,732 | 24,833 | 18,004 | 14,418 | 14,905 | 24,455 | -20,313 | -32,478 | -23,736 | -29,035 | -6,244 | -43,741 |
Purchases of common stock | |||||||||||
6,313 | 57,445 | 3,834 | 151,801 | 76,439 | 65,529 | 127,398 | 2,104 | 110,005 | 72,768 | 14,619 | 75,514 |
Dividends paid | |||||||||||
31,059 | 31,009 | 30,793 | 30,799 | 31,571 | 31,620 | 31,600 | 31,903 | 31,829 | 32,992 | 32,701 | 33,072 |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | |||||||||||
150,130 | -179,230 | 782,769 | -115,011 | -107,139 | - | - | - | 399,112 | -215,523 | 3,976 | -101,085 |
Cash Provided by (Used in) Financing Activities, Discontinued Operations | |||||||||||
0 | 0 | -533 | 0 | 0 | - | - | - | -1,908 | -2,844 | -1,564 | - |
Net cash (used in) provided by financing activities | |||||||||||
150,130 | -179,230 | 782,236 | -115,011 | -107,139 | 30,931 | -154,160 | -44,163 | 397,204 | -218,367 | 2,412 | -101,085 |
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | |||||||||||
-447 | -8,004 | 21,703 | -13,422 | -15,992 | -15,052 | -1,422 | 1,404 | 10,039 | -656 | 3,330 | -5,319 |
Net increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalent | |||||||||||
25,579 | -36,055 | -174,198 | 138,298 | 63,111 | 1,579 | 1,798 | 29,102 | -277,744 | 240,379 | 597 | -24,238 |
Supplemental Cash Flow Information [Abstract] | |||||||||||
Interest | |||||||||||
82,693 | 56,451 | 35,780 | 30,718 | 31,741 | 30,320 | 39,904 | 40,447 | 12,184 | 12,226 | 12,410 | 20,157 |
Income taxes | |||||||||||
77,059 | 59,844 | 77,607 | 43,549 | 49,275 | 40,638 | 36,675 | 53,281 | 41,644 | 32,910 | 35,381 | 38,357 |