| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net income | ||||||||||||
77,378 | 80,310 | 89,449 | 77,066 | 62,506 | 59,621 | 96,715 | 79,263 | 61,434 | 58,563 | 0 | 0 | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depreciation | ||||||||||||
131,993 | 131,646 | 130,237 | 129,310 | 130,891 | 132,640 | 134,055 | 135,386 | 131,265 | 124,551 | 0 | 0 | 0 |
Amortization | ||||||||||||
49,873 | 50,444 | 50,929 | 51,437 | 51,749 | 52,594 | 53,248 | 54,019 | 53,777 | 52,589 | 0 | 0 | 0 |
Amortization of inventory step-up | ||||||||||||
- | - | - | - | - | 1,603 | 1,603 | 1,603 | 1,603 | 871 | 0 | 0 | 0 |
Amortization of deferred financing costs and original issue discount | ||||||||||||
5,647 | 5,777 | 5,842 | 5,912 | 5,961 | 6,119 | 6,736 | 7,464 | 7,624 | 8,733 | 0 | 0 | 0 |
Debt extinguishment costs | ||||||||||||
- | - | - | - | - | 5,627 | 65,728 | 65,117 | 65,117 | 61,362 | 0 | 0 | 0 |
Foreign currency exchange (gain) loss | ||||||||||||
-8,813 | -2,787 | -3,843 | -2,913 | -6,058 | -13,810 | -19,521 | -21,250 | -28,863 | -25,786 | 0 | 0 | 0 |
Pension and postretirement healthcare benefit expense | ||||||||||||
2,461 | 3,702 | 3,457 | 2,659 | 1,433 | 1,073 | 994 | 1,798 | 3,203 | 3,289 | 0 | 0 | 0 |
Pension and postretirement healthcare benefit funding | ||||||||||||
-9,448 | -9,670 | -10,104 | -7,194 | -7,568 | -7,602 | -6,777 | -8,322 | -8,483 | -7,887 | 0 | 0 | 0 |
Deferred income tax (benefit) provision | ||||||||||||
15,608 | 18,308 | 18,773 | 11,161 | 7,233 | 3,445 | -126,271 | -131,814 | -140,852 | -140,212 | 0 | 0 | 0 |
Net loss on asset disposals | ||||||||||||
4,468 | 13,068 | 12,229 | 8,169 | -6,242 | -6,574 | -10,480 | -8,772 | -6,597 | -5,793 | 0 | 0 | 0 |
Stock compensation | ||||||||||||
20,745 | 18,225 | 21,161 | 20,607 | 19,033 | 19,464 | 16,809 | 13,598 | 10,978 | 8,799 | 0 | 0 | 0 |
Equity in net income from affiliated companies | ||||||||||||
52,320 | 46,034 | 38,113 | 26,457 | 27,823 | 37,611 | 45,016 | 49,668 | 44,747 | 38,772 | 0 | 0 | 0 |
Dividends received from affiliated companies | ||||||||||||
35,123 | 40,123 | 24,377 | 29,377 | 34,376 | 40,195 | 60,890 | 44,890 | 54,890 | 44,071 | 0 | 0 | 0 |
Net interest income on swaps designated as net investment hedges | ||||||||||||
6,361 | 8,480 | 9,015 | 9,337 | 8,749 | 4,859 | 0 | 0 | 0 | - | - | - | - |
Other, net | ||||||||||||
-3,380 | -6,330 | 4,069 | -1,949 | -2,233 | -1,517 | -13,777 | -9,756 | -7,497 | -4,061 | 0 | 0 | 0 |
Working capital changes that provided (used) cash, excluding the effect of acquisitions and dispositions: | ||||||||||||
Receivables | ||||||||||||
12,633 | -14,538 | -10,183 | 2,388 | -1,735 | 10,451 | 25,669 | 21,741 | 6,010 | 11,463 | 0 | 0 | 0 |
Inventories | ||||||||||||
9,527 | 18,943 | 19,551 | 11,318 | 8,593 | 8,980 | 17,319 | 33,068 | 35,716 | 21,200 | 0 | 0 | 0 |
Prepaids and other current assets | ||||||||||||
2,376 | -1,256 | 4,525 | 553 | -1,254 | 6,348 | -1,011 | 5,606 | 4,748 | 3,434 | 0 | 0 | 0 |
Accounts payable | ||||||||||||
261 | -2,308 | 3,376 | -1,295 | 3,000 | -146 | 5,793 | 12,711 | 13,738 | 4,343 | 0 | 0 | 0 |
Accrued liabilities | ||||||||||||
-6,933 | 480 | 10,213 | 15,456 | -4,318 | 4,005 | -19,601 | 4,122 | -11,540 | -6,548 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||||||
245,456 | 267,763 | 264,535 | 258,498 | 253,447 | 248,644 | 221,360 | 193,560 | 180,512 | 165,173 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||||||
Purchases of property, plant and equipment | ||||||||||||
122,120 | 127,642 | 128,019 | 131,097 | 131,971 | 131,688 | 145,575 | 145,935 | 141,377 | 140,482 | 0 | 0 | 0 |
Proceeds from sale of assets | ||||||||||||
30,033 | 27,658 | 0 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of investment | ||||||||||||
0 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Net interest proceeds on swaps designated as net investment hedges | ||||||||||||
-6,361 | -8,480 | -9,015 | -9,337 | -8,749 | -4,859 | 0 | 0 | 0 | - | - | - | - |
Other, net | ||||||||||||
-5 | -475 | -498 | -835 | -1,426 | -1,165 | -1,944 | -1,607 | -1,497 | -1,293 | 0 | 0 | 0 |
Net cash used in investing activities | ||||||||||||
-28,290 | -35,359 | -78,126 | -86,880 | -115,422 | -119,290 | -145,358 | -149,334 | -196,673 | -195,982 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||||||||
Draw down of revolving credit facilities | ||||||||||||
288,595 | 203,542 | 163,817 | 92,763 | 135,575 | 141,764 | 194,625 | 231,637 | 359,343 | 357,773 | 0 | 0 | 0 |
Repayments of revolving credit facilities | ||||||||||||
226,582 | 202,802 | 164,017 | 124,212 | 163,557 | 166,778 | 227,195 | 263,993 | 339,289 | 334,180 | 0 | 0 | 0 |
Issuance of long-term debt | ||||||||||||
- | - | - | - | - | 1,267,000 | 1,566,730 | 1,566,730 | 1,575,550 | 308,550 | 0 | 0 | 0 |
Debt issuance costs | ||||||||||||
3,023 | 0 | 239 | 0 | 0 | 6,395 | 9,617 | 11,061 | 11,061 | 4,666 | 0 | 0 | 0 |
Repayments of long-term debt | ||||||||||||
211,659 | 216,659 | 161,679 | 109,899 | 113,066 | 1,369,690 | 2,043,015 | 1,998,047 | 1,998,011 | 739,472 | 0 | 0 | 0 |
Stock repurchases | ||||||||||||
6,113 | 3,563 | 4,387 | 4,201 | 4,201 | 2,920 | 0 | 0 | 0 | - | - | - | - |
Other, net | ||||||||||||
-433 | -586 | -620 | -337 | -43 | -337 | -993 | -1,146 | -993 | -993 | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | ||||||||||||
-155,240 | -216,093 | -162,711 | -142,280 | -145,161 | -137,225 | -87,110 | -42,332 | 18,302 | 19,833 | 0 | 0 | 0 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||||
-5,723 | -2,120 | -1,460 | 736 | 1,205 | 354 | -2,013 | -3,442 | -5,236 | -6,858 | 0 | 0 | 0 |
Net change in cash, cash equivalents and restricted cash | ||||||||||||
56,203 | 14,191 | 22,238 | 30,074 | -5,931 | -7,517 | -13,121 | -1,548 | -3,095 | -17,834 | 0 | 0 | 0 |