| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Net income | ||||||||||
588,800 | 159,500 | -57,600 | 165,000 | 144,700 | 78,400 | 242,700 | 71,800 | 172,600 | 162,600 | 106,700 |
Adjustments to reconcile net income to net cash used by operating activities: | ||||||||||
(Gain) Loss on sale of business, net of tax | ||||||||||
457,700 | 0 | -227,700 | 0 | 0 | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||
87,500 | 88,500 | 97,400 | 100,500 | 98,100 | 100,800 | 97,100 | 69,800 | 57,500 | 55,200 | 64,800 |
Accelerated depreciation and fixed asset charges associated with restructuring activities | ||||||||||
0 | 3,000 | 900 | 5,400 | 17,600 | 33,000 | 13,600 | - | - | - | - |
Gain from sale of closed facilities | ||||||||||
0 | 0 | 3,600 | 0 | 0 | - | - | - | - | - | - |
Deferred income tax benefit | ||||||||||
-3,200 | -4,800 | -1,400 | 10,500 | -27,400 | -45,200 | 12,900 | 13,400 | 3,600 | -69,000 | 5,700 |
Provision for doubtful accounts | ||||||||||
- | - | - | - | - | - | - | 300 | 2,000 | 2,500 | 3,300 |
Debt extinguishment costs | ||||||||||
0 | -1,100 | -300 | -400 | -16,400 | 0 | -15,800 | 0 | -900 | - | - |
Share-based compensation expense | ||||||||||
12,300 | 10,900 | 10,200 | 8,400 | 9,100 | 14,200 | 16,500 | 10,400 | 5,400 | 4,400 | 2,600 |
Gain on sale of business | ||||||||||
- | - | - | - | - | 1,200 | 223,700 | 0 | 0 | - | - |
Income related to previously owned equity affiliates | ||||||||||
- | - | - | - | - | - | 26,900 | 23,400 | 152,000 | 42,000 | 35,200 |
Impairment of goodwill | ||||||||||
- | - | - | - | - | - | - | - | - | - | 5,000 |
Dividends and distributions received | ||||||||||
- | - | - | - | - | - | - | - | - | 24,200 | 36,500 |
Changes in assets and liabilities, net of the effect of acquisitions: | ||||||||||
Increase in accounts receivable | ||||||||||
-29,700 | 11,300 | 44,700 | 17,600 | -42,600 | -24,400 | -26,900 | -1,200 | -7,300 | 20,200 | -1,300 |
Increase in inventories | ||||||||||
-40,200 | 10,600 | 41,100 | -800 | -21,400 | -28,400 | -20,400 | 3,000 | -8,000 | 27,400 | -57,400 |
Increase in accounts payable | ||||||||||
-22,700 | 7,900 | 52,200 | 12,400 | -8,300 | -15,200 | -16,600 | 16,800 | 11,200 | 36,600 | 76,300 |
(Decrease) in sale of accounts receivable | ||||||||||
- | - | - | - | - | - | - | - | - | - | -14,200 |
Decrease in pension and other post-retirement benefits | ||||||||||
-19,700 | 4,800 | -9,600 | -43,200 | -24,600 | 30,000 | -124,500 | -41,700 | 30,200 | -38,000 | -89,100 |
Increase in post-acquisition earnout liabilities | ||||||||||
36,400 | 700 | 0 | - | - | - | - | - | - | - | - |
Decrease in accrued expenses and other assets and liabilities, net | ||||||||||
9,200 | 4,000 | -28,300 | -15,000 | -49,300 | -39,200 | 54,800 | -8,700 | -74,200 | 24,100 | 8,600 |
Net cash used by operating activities | ||||||||||
300,800 | 253,700 | 202,400 | 227,600 | 240,300 | 208,400 | 109,000 | 106,900 | 72,500 | 140,800 | 229,700 |
Investing Activities | ||||||||||
Capital expenditures | ||||||||||
81,700 | 76,000 | 79,600 | 84,200 | 91,200 | 92,800 | 76,400 | 57,400 | 54,100 | 39,500 | 31,700 |
Business acquisitions, net of cash acquired | ||||||||||
119,600 | 98,600 | 163,800 | 164,200 | 18,300 | 47,200 | 259,400 | 33,800 | 508,400 | 3,300 | 11,500 |
Net proceeds from divestiture | ||||||||||
761,800 | 0 | 111,000 | 13,000 | 3,000 | 28,200 | 275,700 | 18,900 | 140,000 | 41,100 | 17,000 |
Net proceeds from other assets | ||||||||||
51,400 | 4,300 | 13,000 | - | - | - | - | - | - | - | - |
Net cash provided (used) by investing activities | ||||||||||
611,900 | -170,300 | -119,400 | -235,400 | -106,500 | -111,800 | -60,100 | -72,300 | -422,500 | -1,700 | -26,200 |
Financing Activities | ||||||||||
Borrowings under credit facilities | ||||||||||
963,400 | 1,152,900 | 1,472,900 | 1,031,900 | 891,300 | 168,600 | 129,000 | 800 | 0 | - | - |
Repayments under credit facilities | ||||||||||
1,083,900 | 1,090,300 | 1,417,000 | 1,032,700 | 936,800 | 122,800 | 117,500 | 0 | 0 | - | - |
Purchase of common shares for treasury | ||||||||||
26,900 | 123,000 | 70,700 | 86,200 | 156,100 | 233,200 | 131,600 | 15,900 | 73,600 | 0 | - |
Exercise of share awards | ||||||||||
- | - | - | - | - | 6,900 | 7,300 | 15,100 | 6,900 | 7,400 | - |
Cash dividends paid | ||||||||||
60,300 | 56,100 | 44,100 | 40,200 | 35,700 | 29,900 | 21,500 | 16,900 | -11,100 | 0 | - |
Repayment of other debt | ||||||||||
1,800 | 16,400 | 0 | 0 | - | - | - | - | - | - | - |
Change in short-term and current portion of long-term debt | ||||||||||
- | - | - | - | - | - | - | - | - | -400 | -5,700 |
Issuance of long-term debt, net of discounts and debt issuance costs | ||||||||||
- | - | - | - | - | - | - | - | - | 353,600 | - |
Repayment of long-term debt | ||||||||||
6,500 | 6,500 | 6,500 | 6,000 | 365,300 | 8,000 | 343,300 | 3,000 | -42,900 | 317,100 | 20,000 |
Payments of withholding tax on share awards | ||||||||||
2,100 | 4,100 | 4,700 | 5,100 | 8,800 | - | - | - | - | - | - |
Debt financing costs | ||||||||||
200 | 4,600 | 2,600 | 2,000 | 6,000 | 0 | 13,000 | 0 | -11,500 | - | - |
Premium on early extinguishment of long-term debt | ||||||||||
- | - | - | - | - | - | - | 0 | -900 | 27,800 | - |
Net proceeds from long-term debt | ||||||||||
- | - | - | 100,000 | 547,300 | 0 | 600,000 | 0 | 297,000 | - | - |
Premium on early extinguishment of long-term debt | ||||||||||
- | - | - | - | 13,400 | 0 | 4,600 | - | - | 27,800 | - |
Proceeds from noncontrolling interests | ||||||||||
- | - | - | - | - | - | - | 2,400 | 0 | 0 | - |
Net cash provided by financing activities | ||||||||||
-218,300 | -148,100 | -72,700 | -40,300 | -83,500 | -218,400 | 104,800 | -17,500 | 163,900 | 15,700 | -25,700 |
Effect of exchange rate changes on cash | ||||||||||
-600 | -8,000 | 6,600 | -5,000 | -9,100 | -4,800 | 1,500 | 1,000 | -100 | 600 | 600 |
Increase (decrease) in cash and cash equivalents | ||||||||||
693,800 | -72,700 | 16,900 | -53,100 | 41,200 | -126,600 | 155,200 | 18,100 | -186,200 | 155,400 | 178,400 |