| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net income | ||||||
149,140 | 121,506 | 75,306 | 93,512 | 138,575 | 92,563 | 94,445 |
Adjustments for items not affecting cash: | ||||||
Depreciation and amortization expenses | ||||||
70,501 | 66,614 | 52,694 | 40,861 | 42,032 | 44,536 | 43,280 |
Impairment loss | ||||||
0 | 0 | 8,911 | 28,243 | - | 8,084 | - |
Stock option compensation expense | ||||||
4,697 | 8,252 | 13,700 | 5,507 | 4,001 | 3,710 | 4,504 |
Equity-classified share unit expense | ||||||
8,047 | 11,256 | 3,529 | 1,981 | - | - | - |
Inventory write down (note 14) | ||||||
- | - | - | - | 480 | 2,177 | 963 |
Deferred income tax expense | ||||||
8,826 | 6,239 | -17,268 | -3,359 | -4,559 | 3,154 | 3,401 |
Equity loss (income) less dividends received | ||||||
- | - | - | - | 916 | 458 | 405 |
Unrealized foreign exchange (gain) loss | ||||||
3,058 | -951 | -254 | -1,947 | -1,403 | -562 | -486 |
Gain on disposition of property, plant and equipment | ||||||
1,107 | 2,731 | 1,656 | 1,282 | 9,691 | 3,512 | 10,552 |
Amortization of debt issuance costs | ||||||
4,086 | 4,995 | 3,056 | 359 | - | - | - |
Gain on contingent consideration from equity investment | ||||||
- | 4,935 | - | - | - | - | - |
Amortization of right-of-use assets | ||||||
12,280 | - | - | - | - | - | - |
Other, net | ||||||
2,779 | -2,317 | -1,237 | -893 | - | - | - |
Net changes in operating assets and liabilities | ||||||
-76,602 | 65,550 | -10,279 | -10,682 | -25,134 | -20,550 | -10,517 |
Net cash provided by operating activities | ||||||
332,793 | 144,280 | 147,568 | 177,558 | 196,459 | 171,366 | 146,639 |
Investing activities: | ||||||
Acquisition of IronPlanet, net of cash acquired | ||||||
- | - | 675,851 | - | - | - | - |
Acquisition of contingently redeemable NCI | ||||||
- | - | - | 41,092 | - | - | - |
Acquisition of NCI | ||||||
- | - | - | 226 | - | - | - |
Acquisition of equity investments | ||||||
- | - | - | - | 3,000 | - | - |
Property, plant and equipment additions | ||||||
13,589 | 16,860 | 10,812 | 18,918 | 22,055 | 24,990 | 35,896 |
Intangible asset additions | ||||||
27,415 | 26,152 | 28,584 | 17,558 | 8,764 | 13,935 | 15,662 |
Proceeds on disposition of property, plant and equipment | ||||||
5,929 | 10,586 | 4,985 | 6,691 | 16,667 | 9,330 | 14,492 |
Proceeds on contingent consideration from equity investment | ||||||
- | 6,147 | - | - | - | - | - |
Proceeds from note receivable and other assets | ||||||
- | - | - | - | - | - | 9,276 |
Other, net | ||||||
982 | 4,674 | 692 | 248 | 89 | 529 | -260 |
Net cash used in investing activities | ||||||
-36,057 | -30,953 | -710,954 | -116,862 | -29,348 | -30,124 | -27,530 |
Financing activities: | ||||||
Share repurchase | ||||||
42,012 | - | - | 36,726 | 47,489 | - | - |
Dividends paid to stockholders | ||||||
82,535 | 75,678 | 72,785 | 70,459 | 64,340 | 57,929 | 53,918 |
Dividends paid to NCI | ||||||
- | - | 41 | 3,436 | 1,340 | - | - |
Issuances of share capital | ||||||
41,094 | 28,524 | 9,936 | 24,338 | 29,816 | 12,121 | 6,152 |
Payment of withholding taxes on issuance of shares | ||||||
5,260 | 3,901 | - | - | - | - | - |
Proceeds from short-term debt | ||||||
13,169 | 19,715 | 6,971 | 67,584 | 11,223 | 45,751 | 19,102 |
Repayment of short-term debt | ||||||
28,684 | 6,628 | 24,479 | 57,516 | 6,558 | 41,066 | 53,254 |
Proceeds from long-term debt | ||||||
- | - | 325,000 | 647,091 | - | - | - |
Repayment of long-term debt | ||||||
76,282 | 91,013 | 108,985 | 148,158 | - | 58,409 | 15,000 |
Debt issue costs | ||||||
- | - | 12,624 | 10,644 | - | - | - |
Debt extinguishment costs | ||||||
- | - | - | 6,787 | - | - | - |
Repayment of finance lease obligations | ||||||
6,708 | 3,950 | 2,322 | 1,655 | 2,073 | 1,953 | 1,103 |
Other, net | ||||||
- | -1,176 | -1,408 | 511 | 72 | -148 | 101 |
Net cash provided by (used in) financing activities | ||||||
-187,218 | -134,107 | 119,263 | 404,143 | -80,689 | -101,633 | -97,920 |
Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash | ||||||
5,171 | -4,769 | 17,150 | 4 | -26,265 | -14,390 | 1,006 |
Increase (decrease) | ||||||
114,689 | -25,549 | -426,973 | 464,843 | 60,157 | 25,219 | 22,195 |
Mascus International Holdings BV [Member] | ||||||
Acquisition, net of cash acquired | ||||||
- | - | - | 28,123 | - | - | - |
Petrowsky Auctioneers Inc. [Member] | ||||||
Acquisition of equity investments | ||||||
- | - | - | 6,250 | - | - | - |
Kramer Auctions Ltd. [Member] | ||||||
Acquisition of equity investments | ||||||
- | - | - | 11,138 | - | - | - |