| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net loss | ||||||||||
-156,300 | 7,900 | 107,200 | 44,900 | -641,900 | 18,300 | 30,900 | 87,100 | -46,600 | -250,000 | 53,100 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
223,100 | 230,700 | 232,500 | - | - | - | - | - | - | - | - |
Depreciation and amortization | ||||||||||
- | - | - | 277,100 | 325,300 | 336,400 | 340,500 | 338,600 | 353,000 | 274,500 | 196,700 |
Employee stock ownership plan contribution | ||||||||||
0 | 22,300 | 0 | 0 | - | - | - | - | - | - | - |
Impairment charges | ||||||||||
100,000 | 26,500 | 12,000 | 26,800 | 95,300 | 14,400 | 21,800 | 23,000 | 27,700 | 44,400 | 0 |
Goodwill impairment | ||||||||||
10,100 | 0 | 0 | - | - | - | - | - | - | - | - |
Goodwill impairment | ||||||||||
- | - | - | - | 808,300 | 0 | 0 | - | - | - | - |
Amortization of debt issuance costs and original issue discount | ||||||||||
3,600 | 3,500 | 3,500 | 4,200 | 4,400 | 4,200 | 4,100 | 4,500 | 8,600 | 5,900 | 0 |
(Gain) loss on debt extinguishment | ||||||||||
-30,500 | 0 | -2,600 | 14,100 | 0 | -7,200 | 0 | 0 | -34,000 | 0 | 0 |
Stock-based compensation | ||||||||||
13,600 | 15,600 | 16,400 | 15,200 | 7,200 | 17,300 | 18,600 | 13,400 | 14,900 | 5,100 | 4,400 |
Gain from property insurance claims | ||||||||||
800 | 18,300 | 5,000 | 0 | 0 | - | - | - | - | - | - |
Loss on the sale of a business | ||||||||||
8,400 | 0 | -7,700 | 0 | 0 | - | - | - | - | - | - |
Gain on disposal of discontinued operations, net of tax | ||||||||||
- | - | - | - | - | - | - | 34,000 | 0 | 0 | - |
Gain on casualty insurance claim | ||||||||||
- | - | - | - | - | - | - | - | - | 7,100 | 12,200 |
Gain on the sale or disposal of property, plant and equipment | ||||||||||
6,600 | 17,800 | 6,900 | 9,000 | 4,100 | -400 | 800 | 600 | 700 | -500 | -800 |
Foreign exchange losses on sale of investment | ||||||||||
- | - | - | - | -6,000 | 0 | 0 | - | - | - | - |
Settlement loss on pension benefit plans | ||||||||||
0 | 0 | 800 | 7,000 | 0 | -4,900 | -2,100 | -12,700 | 0 | 0 | - |
Deferred income taxes | ||||||||||
-57,100 | -14,500 | -22,500 | -26,600 | -292,500 | 26,800 | -11,100 | -13,600 | 36,500 | 192,600 | 700 |
Equity in loss of unconsolidated entity | ||||||||||
-300 | 1,000 | 0 | -1,400 | -6,300 | -2,700 | -2,500 | 2,300 | 3,100 | 9,100 | 6,300 |
Dividends from unconsolidated entities | ||||||||||
- | - | - | - | - | - | 5,000 | 500 | 7,500 | 4,700 | 6,000 |
Changes in operating assets and liabilities—net of acquisitions: | ||||||||||
Receivables | ||||||||||
-57,100 | -49,400 | -8,700 | -84,800 | -109,600 | 20,400 | -25,700 | -103,400 | -82,900 | 116,600 | -78,300 |
Inventories | ||||||||||
-61,300 | 54,300 | -13,100 | -12,700 | -24,600 | 3,400 | -500 | -8,600 | 2,500 | 16,600 | -14,700 |
Prepaid expenses and other current assets | ||||||||||
8,500 | -1,700 | -3,800 | 18,000 | -4,000 | 5,200 | -15,200 | -33,900 | 33,600 | -17,800 | -1,900 |
Accounts payable and other current liabilities | ||||||||||
-87,600 | 23,200 | 9,900 | -16,100 | -60,500 | -22,400 | 63,000 | -105,400 | -96,900 | -11,500 | -90,000 |
Changes in operating assets and liabilities—net of acquisitions | ||||||||||
18,800 | 14,300 | 39,800 | 36,700 | 43,900 | 78,200 | 72,700 | 90,200 | 10,600 | -18,200 | 5,700 |
Net cash provided by (used in) operating activities | ||||||||||
155,500 | 260,600 | 344,000 | 353,600 | 348,100 | 293,200 | 441,100 | 354,200 | 371,100 | 152,800 | 242,400 |
INVESTING ACTIVITIES | ||||||||||
Payments to Acquire Property, Plant, and Equipment | ||||||||||
111,000 | 96,300 | 85,900 | 106,100 | 133,000 | 139,200 | 149,500 | 103,500 | 168,300 | 112,600 | 87,800 |
Cost investment in unconsolidated entities | ||||||||||
- | - | - | 9,900 | 1,200 | 4,100 | 2,500 | 18,100 | 0 | 0 | - |
Proceeds from the sale of property, plant and equipment | ||||||||||
17,500 | 32,700 | 23,900 | 25,900 | 29,200 | 6,800 | 8,800 | 23,500 | 16,000 | 19,700 | 400 |
Proceeds from the sale of investments | ||||||||||
- | - | - | -1,300 | -14,000 | 0 | 0 | - | - | - | - |
Proceeds from the sale of a business | ||||||||||
11,100 | 0 | 14,100 | 0 | 0 | - | - | - | - | - | - |
Proceeds from property insurance claims | ||||||||||
300 | 14,500 | 8,000 | 0 | 0 | - | - | - | - | 3,300 | 19,200 |
Transfers from restricted cash | ||||||||||
- | - | - | - | -17,700 | -24,800 | -4,500 | -15,400 | -24,600 | 38,500 | 0 |
Loan to an unconsolidated entity | ||||||||||
5,000 | 0 | 7,300 | 0 | 0 | - | - | - | - | - | - |
Deposit paid related to Vertis acquisition (Note 2) | ||||||||||
- | - | - | - | - | - | - | 25,900 | 0 | 0 | - |
Deposit refunded (paid) related to business exchange transaction (Note 3) | ||||||||||
- | - | - | - | - | - | - | -50,000 | 50,800 | 0 | 0 |
Purchase price payments on business exchange transaction (Note 3) | ||||||||||
- | - | - | - | - | - | - | -4,900 | 0 | 0 | - |
Acquisition of businesses—net of cash acquired | ||||||||||
121,000 | 71,400 | 0 | 0 | 143,400 | 112,500 | 291,900 | 6,600 | 5,800 | -10,000 | 0 |
Net cash provided by (used in) investing activities | ||||||||||
-208,100 | -120,500 | -47,200 | -88,800 | -216,700 | -224,200 | -430,600 | -70,100 | -184,300 | -118,100 | -68,200 |
FINANCING ACTIVITIES | ||||||||||
Proceeds from issuance of long-term debt | ||||||||||
1,285,100 | 7,800 | 375,000 | 19,700 | 0 | 1,047,000 | 0 | 0 | 649,000 | 689,200 | 0 |
Payments of long-term debt | ||||||||||
1,119,400 | 33,200 | 522,900 | 192,000 | 90,900 | 859,400 | 102,700 | 74,600 | 759,700 | 514,900 | 43,400 |
Payments of finance lease obligations | ||||||||||
8,700 | 6,300 | 7,600 | 9,500 | 5,000 | 8,400 | 9,800 | 21,000 | 15,600 | 26,300 | 7,100 |
Borrowings on revolving credit facilities | ||||||||||
3,636,100 | 2,563,700 | 718,500 | 871,900 | 1,462,500 | 1,409,900 | 1,628,800 | 270,300 | 896,400 | 837,000 | 563,000 |
Payments on revolving credit facilities | ||||||||||
3,642,100 | 2,561,100 | 736,000 | 918,000 | 1,435,500 | 1,577,600 | 1,475,000 | 295,700 | 879,600 | 806,400 | 660,400 |
Payments of debt issuance costs and financing fees | ||||||||||
20,200 | 0 | 4,700 | 100 | 0 | 16,500 | 0 | 2,100 | 11,500 | 45,800 | 0 |
Bankruptcy claim payments on unsecured notes to be issued | ||||||||||
- | - | - | - | - | 8,000 | 4,500 | 14,900 | 13,800 | 0 | 0 |
Purchases of treasury stock | ||||||||||
0 | 36,700 | 3,800 | 8,800 | 0 | 0 | - | - | 8,200 | 0 | 13,100 |
Sale of stock for options exercised | ||||||||||
- | - | - | - | - | 2,700 | 7,200 | 100 | 1,600 | 1,100 | 1,100 |
Proceeds from stock options exercised | ||||||||||
0 | 4,200 | 2,600 | 30,300 | 2,200 | - | - | - | - | - | - |
Equity awards redeemed to pay employees’ tax obligations | ||||||||||
6,600 | 9,000 | 6,000 | 1,400 | 1,600 | 1,000 | 0 | 0 | - | - | - |
Tax benefit on equity award activity | ||||||||||
- | - | - | - | - | 800 | 2,200 | 4,100 | 900 | 0 | - |
Tax benefit on stock option activity | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | - |
Payment of cash distributions | ||||||||||
- | - | - | - | - | - | - | - | - | 140,000 | 0 |
Payment of cash dividends | ||||||||||
57,100 | 62,900 | 62,500 | 61,100 | 62,300 | 61,200 | 56,400 | 151,800 | 28,200 | 14,000 | 14,100 |
Other financing activities | ||||||||||
-5,300 | 0 | -4,300 | -300 | 2,700 | - | - | - | - | - | - |
Payment of tax distributions | ||||||||||
- | - | - | - | - | - | - | - | 4,800 | 10,000 | 10,600 |
Net cash provided by financing activities | ||||||||||
61,800 | -133,500 | -251,700 | -269,300 | -127,900 | -71,700 | -10,200 | -285,600 | -173,500 | -30,100 | -184,600 |
Effect of exchange rates on cash and cash equivalents | ||||||||||
0 | -1,500 | 100 | -600 | -2,300 | -800 | -4,100 | -7,200 | -8,200 | 7,000 | 500 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
9,200 | 5,100 | 45,200 | -5,100 | 1,200 | -3,500 | -3,800 | -8,700 | 5,100 | 11,600 | -9,900 |
Acquisition of noncontrolling interest | ||||||||||
- | - | - | - | - | - | - | - | - | - | 8,900 |
Interest paid, net of amounts capitalized | ||||||||||
- | - | - | - | - | - | - | - | - | - | 64,600 |
Income taxes paid (received) | ||||||||||
- | - | - | - | - | - | - | - | - | - | -1,500 |
Fair value of assets acquired, net of cash | ||||||||||
- | - | - | - | - | - | - | - | 68,000 | - | - |
Liabilities assumed | ||||||||||
- | - | - | - | - | - | - | - | 15,500 | - | - |
Acquisition of businessesnet of cash acquired | ||||||||||
121,000 | 71,400 | 0 | 0 | 143,400 | - | - | - | - | - | 0 |