| 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 loss | ||||||||||
-87,111 | 175,402 | 162,511 | -141,246 | -99,561 | 245,193 | 166,895 | 274,436 | 296,381 | 146,742 | -22,745 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||||
Depreciation, amortization and other non-cash charges | ||||||||||
172,607 | 166,789 | 166,558 | 221,038 | 275,413 | 233,940 | 215,812 | 214,153 | 179,787 | 133,253 | 130,581 |
Stock-based compensation expense | ||||||||||
8,630 | 9,419 | 11,090 | 10,218 | 9,960 | 9,074 | 8,177 | 7,860 | 8,075 | 4,909 | 4,440 |
Gain on disposition of assets, net | ||||||||||
2,645 | 3,344 | 4,530 | 7,920 | -6,417 | -15,472 | -9,371 | -6,099 | -3,831 | 3,758 | 1,143 |
Gain due to insurance recovery | ||||||||||
- | 9,646 | - | - | - | - | - | - | - | - | - |
Gain due to benefit plan financing arrangement | ||||||||||
126 | 1,020 | - | - | - | - | - | - | - | - | - |
Deferred income tax benefit | ||||||||||
-22,225 | 21,395 | -42,609 | -34,209 | -33,013 | 12,354 | -13,060 | 4,821 | 77,074 | 22,262 | 1,669 |
Impairment and other non-cash charges | ||||||||||
73,560 | - | - | - | - | - | - | - | - | - | - |
Excess tax benefits for share-based payments | ||||||||||
- | - | - | 427 | 1,410 | 4,336 | 3,178 | 2,724 | 3,371 | 651 | 1,421 |
(Increase) decrease in assets: | ||||||||||
Accounts receivable | ||||||||||
-81,094 | -53,982 | 208,642 | -64,715 | -401,753 | 198,021 | 49,959 | -73,809 | 167,312 | -163,162 | -80,035 |
Income taxes receivable | ||||||||||
-11,687 | -4,410 | -16,931 | 5,355 | 20,867 | 19,059 | -1,692 | -9,295 | -9,817 | 1,584 | 1,159 |
Inventories | ||||||||||
-20,962 | 15,660 | 6,275 | -20,294 | -26,667 | 29,708 | -14,078 | 40,354 | 36,511 | -8,130 | 5,798 |
Prepaid expenses | ||||||||||
692 | 778 | 2,272 | -2,244 | -161 | -2 | -1,519 | 2,284 | 2,783 | -1,041 | -2,567 |
Other current assets | ||||||||||
-300 | -3,375 | 1,222 | -2 | 2,881 | 749 | -1,114 | -26,189 | 30,524 | 189 | -8 |
Other non-current assets | ||||||||||
3,024 | -1,494 | 4,779 | 1,851 | -1,768 | 2,238 | 1,881 | 6,415 | -294 | 920 | 2,597 |
Increase (decrease) in liabilities: | ||||||||||
Accounts payable | ||||||||||
-42,241 | -7,754 | 29,176 | -6,250 | -62,446 | 36,421 | 14,062 | -4,929 | 30,102 | -14,191 | -5,711 |
Income taxes payable | ||||||||||
-3,172 | 1,482 | -1,705 | -2,710 | 6,695 | 944 | -6,428 | -4,277 | 4,917 | -5,141 | -2,712 |
Accrued payroll and related expenses | ||||||||||
-6,103 | 2,193 | 11,408 | -4,540 | -33,143 | 13,221 | 4,585 | -1,627 | 9,799 | -13,173 | -9,690 |
Accrued insurance expenses | ||||||||||
1,357 | 884 | 1,200 | -197 | -1,336 | -440 | -80 | 408 | 603 | -108 | -325 |
Accrued insurance expenses | ||||||||||
- | - | - | - | - | - | - | - | - | -826 | 199 |
Accrued state, local and other taxes | ||||||||||
-654 | -5,574 | 5,561 | 256 | -3,983 | 1,819 | -2,324 | 2,260 | 2,078 | -987 | -394 |
Other accrued expenses | ||||||||||
-2,089 | -994 | -5,335 | 5,017 | -180 | -775 | -1,548 | 1,412 | 958 | -112 | -167 |
Pension liabilities | ||||||||||
6,575 | -7,862 | 4,398 | -1,385 | 1,021 | 2,219 | 3,183 | -589 | 1,249 | 1,628 | 4,882 |
Changes in working capital | ||||||||||
- | - | - | - | - | - | - | - | - | -136,130 | -56,654 |
Long-term accrued insurance expenses | ||||||||||
1,968 | 1,696 | 839 | -1,811 | 1,249 | -126 | -175 | 1,400 | 511 | - | - |
Other long-term liabilities | ||||||||||
483 | -880 | 1,401 | -14,179 | 1,508 | 7,550 | 3,769 | 990 | 1,032 | 1,430 | -1,779 |
Net cash provided by operating activities | ||||||||||
209,141 | 389,009 | 133,704 | 101,704 | 473,792 | 322,757 | 365,624 | 559,933 | 386,007 | 168,657 | 168,740 |
INVESTING ACTIVITIES | ||||||||||
Capital expenditures | ||||||||||
250,629 | 242,610 | 117,509 | 33,938 | 167,426 | 371,502 | 201,681 | 328,936 | 416,400 | 187,486 | 67,830 |
Proceeds from sale of assets | ||||||||||
14,841 | 13,237 | 13,123 | 12,599 | 9,843 | 18,707 | 11,071 | 19,309 | 24,763 | 15,717 | 6,686 |
Proceeds from insurance recovery | ||||||||||
- | 9,646 | - | - | - | - | - | - | - | - | - |
Proceeds from benefit plan financing arrangement | ||||||||||
507 | 2,218 | - | - | - | - | - | - | - | - | - |
Re-investment in benefit plan financing arrangement | ||||||||||
507 | 2,218 | - | - | - | - | - | - | - | - | - |
Purchase of business | ||||||||||
- | - | - | - | - | - | 17,044 | - | - | - | - |
Increased ownership interest in subsidiary | ||||||||||
- | - | - | - | - | - | - | 6,211 | - | - | - |
Investment in joint venture | ||||||||||
- | - | - | - | - | 2,554 | - | - | - | - | - |
Net cash used for investing activities | ||||||||||
-235,788 | -219,727 | -104,386 | -21,339 | -157,583 | -355,349 | -207,654 | -315,838 | -391,637 | -171,769 | -61,144 |
FINANCING ACTIVITIES | ||||||||||
Payment of dividends | ||||||||||
32,231 | 101,069 | 43,319 | 10,861 | 33,602 | 91,608 | 87,789 | 114,069 | 47,327 | 20,647 | 21,556 |
Borrowings from notes payable to banks | ||||||||||
- | - | - | - | 613,300 | 1,168,100 | 686,700 | 844,050 | 940,850 | 516,600 | 276,100 |
Repayments of notes payable to banks | ||||||||||
- | - | - | - | 837,800 | 996,900 | 740,400 | 940,350 | 858,800 | 485,650 | 360,250 |
Debt issue costs for notes payable to banks | ||||||||||
- | - | - | 35 | - | 667 | - | - | 415 | 1,886 | 234 |
Excess tax benefits for share-based payments | ||||||||||
- | - | - | 427 | 1,410 | 4,336 | 3,178 | 2,724 | 3,371 | 651 | 1,421 |
Cash paid for common stock purchased and retired | ||||||||||
7,361 | 43,001 | 26,784 | 3,257 | 4,093 | 49,597 | 25,122 | 30,224 | 34,419 | 1,650 | 1,747 |
Proceeds received upon exercise of stock options | ||||||||||
- | - | - | - | - | - | - | 544 | 728 | 240 | 122 |
Net cash used for financing activities | ||||||||||
-39,592 | -144,070 | -70,103 | -13,726 | -260,785 | 33,664 | -163,433 | -237,325 | 3,988 | 7,658 | -106,144 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
-66,239 | 25,212 | -40,785 | 66,639 | 55,424 | 1,072 | -5,463 | 6,770 | -1,642 | 4,546 | 1,452 |