| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||
Net loss | ||||||||||||
-92,700 | -9,600 | -33,200 | -494,600 | 138,400 | 120,800 | 218,200 | -653,600 | -121,100 | 217,100 | -21,400 | -183,600 | -45,600 |
Income from discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,800 | -500 |
Impairment charges and other-net | ||||||||||||
99,300 | 13,900 | 22,400 | 558,300 | 36,500 | 47,300 | 21,500 | 1,027,100 | 532,000 | 92,500 | 154,000 | 1,130,000 | 778,600 |
Depreciation and amortization | ||||||||||||
169,200 | 181,400 | 191,400 | 363,200 | 454,000 | 474,000 | 435,800 | 481,600 | 549,900 | 539,200 | 579,000 | 640,600 | 598,300 |
Provision for credit losses | ||||||||||||
7,400 | 13,300 | 3,200 | 22,700 | 15,400 | 16,900 | 18,200 | 8,700 | 18,800 | 22,800 | 19,700 | 52,100 | 11,200 |
Share-based compensation | ||||||||||||
10,900 | 8,600 | 8,400 | 12,900 | 17,300 | 17,700 | 19,900 | 25,400 | 28,300 | 28,600 | 24,000 | 21,900 | 27,900 |
Deferred income taxes | ||||||||||||
21,500 | 2,700 | 21,200 | -57,600 | -36,100 | -87,000 | -41,100 | -52,000 | -123,000 | -34,600 | -54,100 | -103,700 | -89,200 |
Loss related to Venezuela currency remeasurement-net | ||||||||||||
- | - | - | - | -30,300 | -18,400 | -3,200 | - | - | 8,900 | - | - | - |
Loss (gain) on sale of investments and other assets-net | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -2,800 |
Loss on debt extinguishments | ||||||||||||
- | - | - | - | - | -77,100 | -81,900 | -16,100 | -69,900 | - | - | - | 0 |
Net pension and other postretirement benefits plan income | ||||||||||||
-16,100 | -22,500 | -14,700 | -59,800 | -44,500 | -48,700 | -18,300 | -42,400 | 61,600 | 49,100 | - | - | - |
Changes in uncertain tax positions | ||||||||||||
-900 | -4,800 | -2,800 | -3,600 | 1,300 | -3,000 | -18,600 | -26,400 | -107,800 | -42,600 | - | - | - |
Gain on investments and other assets-net | ||||||||||||
15,100 | 14,900 | 2,800 | 11,400 | -14,300 | - | - | - | - | - | - | - | - |
Realized loss (gain) on disposition of available-for-sale securities-net | ||||||||||||
-2,100 | - | 42,400 | - | - | - | - | - | - | - | - | - | - |
Gain on debt extinguishments | ||||||||||||
-800 | -32,400 | -20,100 | -96,100 | - | - | - | - | - | - | - | - | - |
Changes in uncertain tax positions | ||||||||||||
- | - | - | - | - | - | - | - | - | - | -2,600 | - | - |
Gain on investments and other assets - net | ||||||||||||
- | - | - | - | - | 3,900 | -21,500 | 1,000 | 16,000 | 1,800 | - | - | - |
Net (gain) loss on pension and other postretirement benefits plan settlements and curtailments | ||||||||||||
100 | -1,900 | -1,600 | -79,300 | - | -95,700 | - | - | - | - | - | - | - |
Loss on debt extinguishment | ||||||||||||
- | - | - | - | - | - | - | - | - | - | -10,300 | - | - |
Gain on pension curtailment | ||||||||||||
- | - | - | - | - | - | - | 3,700 | 38,700 | 400 | - | - | - |
Gain on bargain purchase | ||||||||||||
- | - | - | - | - | 9,500 | - | - | - | - | - | - | - |
Reversal of tax reserves | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -28,200 | -9,300 |
Gain on sale of investments and other assets-net | ||||||||||||
- | - | - | - | - | - | - | - | - | - | -3,200 | 11,700 | - |
Other | ||||||||||||
-13,100 | -9,200 | -19,700 | -19,000 | -22,100 | -44,000 | 5,100 | -41,700 | -27,300 | -47,500 | -41,800 | 32,100 | 25,400 |
Accounts receivable-net | ||||||||||||
-72,200 | -48,000 | 57,300 | 223,000 | 14,200 | 49,600 | -13,400 | 5,700 | -38,300 | 152,100 | -244,000 | -164,700 | 93,900 |
Inventories | ||||||||||||
-15,200 | -15,000 | 20,100 | 40,300 | -16,500 | 14,100 | -5,300 | -6,500 | -43,100 | -31,000 | -145,500 | 6,600 | 10,100 |
Prepaid expenses and other current assets | ||||||||||||
9,200 | -900 | -3,700 | -2,700 | -26,300 | 10,800 | 4,600 | -4,000 | 1,800 | -8,200 | -31,400 | 17,100 | 2,100 |
Accounts payable | ||||||||||||
-96,400 | -68,700 | 71,200 | -20,600 | 57,100 | 81,400 | -66,000 | 120,800 | 135,400 | 17,700 | 94,900 | -168,000 | -1,300 |
Current income taxes | ||||||||||||
-27,100 | 55,200 | 87,400 | -53,700 | 46,900 | -3,000 | -38,100 | 6,500 | 9,500 | 15,000 | 114,600 | -213,900 | -37,300 |
Accrued liabilities and other | ||||||||||||
-6,200 | -40,600 | -42,700 | -39,900 | -90,000 | 900 | 77,300 | -113,000 | -104,800 | -44,800 | 41,500 | -288,000 | 25,800 |
Pension and other postretirement benefits plan contributions | ||||||||||||
8,600 | 17,900 | 16,400 | 22,500 | 25,600 | 41,900 | 29,600 | 148,700 | 54,600 | 48,800 | - | - | - |
Net cash provided by operating activities | ||||||||||||
- | - | - | - | - | - | 694,800 | 691,900 | - | - | - | 1,018,800 | 1,181,700 |
Net cash used in operating activities of discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -800 | -700 |
Net cash used in operating activities | ||||||||||||
139,300 | 203,500 | 217,900 | 127,200 | 666,000 | 722,700 | - | - | 946,300 | 752,500 | 1,425,800 | 1,018,000 | 1,181,000 |
INVESTING ACTIVITIES | ||||||||||||
Capital expenditures | ||||||||||||
138,800 | 104,400 | 108,500 | 172,100 | 207,600 | 223,600 | 216,600 | 205,900 | 250,900 | 229,400 | 195,000 | 322,900 | 482,000 |
Acquisitions of businesses, net of cash acquired | ||||||||||||
- | - | - | 48,100 | 118,200 | 380,800 | -400 | 126,900 | 142,400 | 439,800 | 26,600 | 122,100 | 2,052,400 |
Acquisition of business | ||||||||||||
3,000 | - | - | - | - | - | - | - | - | - | - | - | - |
Proceeds/(payments) related to company-owned life insurance | ||||||||||||
- | - | - | - | 5,700 | - | - | - | - | - | - | - | - |
Dispositions of businesses, net of cash disposed | ||||||||||||
50,600 | 44,100 | - | -13,700 | -600 | 1,600 | 12,000 | - | - | - | - | - | - |
Proceeds from sales of investments and other assets | ||||||||||||
65,400 | 54,500 | 140,400 | 3,800 | 27,100 | 42,700 | 13,000 | 50,700 | 27,200 | 26,100 | - | - | - |
Proceeds from return of capital and sale of investments and other assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 2,200 | 53,200 | 8,300 |
Purchases of other investments | ||||||||||||
- | - | - | - | - | - | - | - | - | 31,700 | 4,000 | - | 0 |
Transfers (to) from restricted cash | ||||||||||||
- | - | - | - | - | 12,300 | -3,400 | 200 | - | -300 | 37,500 | -40,600 | -15,200 |
Other investing activities | ||||||||||||
- | 1,600 | 7,200 | -2,100 | 18,500 | 1,600 | 600 | 2,500 | 9,300 | - | - | - | - |
Net cash used in investing activities | ||||||||||||
- | - | - | - | - | - | -212,400 | -284,800 | - | - | - | - | - |
Net cash used in investing activities | ||||||||||||
-25,800 | -7,400 | 24,700 | -200,600 | -322,300 | -577,200 | - | - | -375,400 | -674,500 | -260,900 | -351,200 | -2,510,900 |
FINANCING ACTIVITIES | ||||||||||||
Proceeds from issuance of long-term debt | ||||||||||||
- | 544,500 | - | 1,164,000 | - | 400,000 | 1,197,800 | 450,000 | 600,000 | 400,000 | 750,000 | - | 1,244,200 |
Proceeds from other short-term debt | ||||||||||||
- | 94,500 | 20,700 | 9,200 | - | - | - | - | - | - | - | - | - |
Payments on other short-term debt | ||||||||||||
37,900 | 62,400 | 17,000 | 26,700 | - | - | - | - | - | - | - | - | - |
Net change in other short-term debt | ||||||||||||
- | - | - | - | 11,900 | -400 | -3,200 | -1,400 | 10,700 | -3,800 | -305,600 | 6,800 | 282,100 |
Payments of current maturities and long-term debt | ||||||||||||
223,000 | 460,700 | 201,600 | 1,013,200 | 272,700 | 811,500 | 830,400 | 625,200 | 495,100 | 355,200 | 1,051,900 | 10,000 | 5,800 |
Proceeds from credit facility borrowings | ||||||||||||
1,250,800 | 1,246,100 | 1,437,000 | 850,000 | - | - | - | - | - | 120,000 | 645,000 | 1,275,000 | 400,000 |
Payments on credit facility borrowings | ||||||||||||
1,267,800 | 1,403,100 | 1,406,000 | 665,000 | - | - | - | 65,000 | 55,000 | - | 845,000 | 1,475,000 | 0 |
Proceeds from termination of cross-currency swaps | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -22,500 | - |
Proceeds from termination of cross-currency swaps | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 0 |
Debt issuance costs | ||||||||||||
300 | 10,600 | 5,900 | 37,500 | - | 13,700 | 20,400 | 23,600 | 10,000 | 12,200 | 6,000 | - | 13,100 |
Issuance of common stock | ||||||||||||
- | - | - | - | - | - | - | - | - | 9,200 | 1,500 | 1,900 | 105,100 |
Acquisition of common stock | ||||||||||||
- | - | - | - | - | - | - | - | 500,000 | - | - | 278,800 | 309,500 |
Dividends paid | ||||||||||||
8,500 | 23,900 | 39,200 | 173,000 | 212,600 | 203,100 | 188,500 | 187,100 | 205,200 | 214,400 | 213,600 | 219,200 | 226,800 |
(Payments) proceeds to settle forward contracts | ||||||||||||
- | - | - | - | -33,300 | -24,000 | 38,000 | - | - | - | - | - | - |
Net transfer of cash, cash equivalents and restricted cash to LSC and Donnelley Financial | ||||||||||||
- | - | 78,000 | 85,900 | - | - | - | - | - | - | - | - | - |
Payments of withholding taxes on share-based compensation | ||||||||||||
1,100 | 900 | 2,200 | 7,600 | 8,300 | - | - | - | - | - | - | - | - |
Other financing activities | ||||||||||||
-1,600 | -700 | -2,100 | 5,600 | 3,600 | -400 | 5,500 | 14,300 | 3,600 | - | - | - | - |
Distributions to noncontrolling interests | ||||||||||||
- | - | - | - | - | - | - | - | - | 1,600 | 2,400 | 2,100 | 4,900 |
Net cash provided by financing activities | ||||||||||||
-289,400 | -77,200 | -294,300 | 19,900 | -444,800 | -605,100 | 122,800 | -438,000 | -651,000 | -58,000 | -1,028,000 | -678,900 | 1,471,300 |
Effect of exchange rate on cash, cash equivalents and restricted cash | ||||||||||||
-3,900 | -16,800 | 17,300 | -16,500 | -39,100 | -40,900 | -7,500 | 11,900 | 10,700 | -100 | 38,300 | -42,900 | 26,200 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||||
-179,800 | 102,100 | -34,400 | -70,000 | -140,200 | -500,500 | 597,700 | -19,000 | -69,400 | 19,900 | 175,200 | -55,000 | 167,600 |
Supplemental non-cash disclosure: | ||||||||||||
Debt-for-equity exchange | ||||||||||||
- | - | 132,900 | - | - | - | - | - | - | - | - | - | - |
Assumption of warehousing equipment related to client contract | ||||||||||||
- | - | - | 8,800 | - | - | - | - | - | - | - | - | - |
Debt-for-debt exchange, including debt issuance costs of $5.5 million | ||||||||||||
- | - | - | 300,000 | - | - | - | - | - | - | - | - | - |
Settlement of accounts receivable for acquisition of a business | ||||||||||||
- | - | - | - | 8,600 | - | - | - | - | - | - | - | - |
Proceeds deposited in escrow from sale of property | ||||||||||||
- | - | - | - | - | - | - | 8,300 | - | - | - | - | - |
Use of restricted cash to pay restructuring costs | ||||||||||||
- | - | - | - | - | - | - | - | - | 38,300 | - | - | - |
Use of restricted cash to fund obligations associated with deferred compensation plans | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 25,300 | 36,500 |