| Feb'20 | Feb'19 | Feb'18 | Feb'17 | Feb'16 | Feb'15 | Feb'14 | Feb'13 | Feb'12 | Feb'11 | Feb'10 |
|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||
Net income | ||||||||||
199,700 | 126,000 | 80,700 | 124,600 | 170,300 | 86,100 | 87,700 | 38,800 | 56,700 | 20,400 | -13,600 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
85,600 | 81,600 | 65,900 | 60,300 | 65,700 | 59,900 | 60,000 | 58,300 | 56,400 | 64,400 | 74,200 |
Goodwill and intangible asset impairment charges | ||||||||||
- | - | - | - | - | - | 12,900 | 59,900 | 0 | 0 | - |
Loss (gain) on disposal of fixed assets | ||||||||||
19,600 | -400 | 400 | - | - | - | - | - | -4,600 | 5,700 | -3,400 |
Deferred Income Tax Expense (Benefit) | ||||||||||
-12,100 | 800 | -52,900 | -26,800 | - | - | - | - | - | - | - |
Gain from partial sale of investment in unconsolidated affiliate | ||||||||||
0 | 0 | 14,400 | 0 | 8,500 | 0 | 0 | - | - | - | - |
Changes in cash surrender value of company-owned life insurance | ||||||||||
- | - | - | - | - | - | - | - | - | 13,500 | 38,000 |
Gain from IDEO ownership transition | ||||||||||
- | - | - | - | - | - | - | - | - | 13,200 | - |
Deferred income taxes | ||||||||||
- | - | - | - | -68,300 | 400 | 14,100 | -3,000 | 13,600 | 11,300 | -18,200 |
Restructuring gain on sale of fixed assets | ||||||||||
- | - | - | - | - | -12,000 | -4,500 | - | - | - | - |
Pension and post-retirement benefit cost (benefit) | ||||||||||
- | - | - | - | - | - | - | - | - | 4,000 | 5,900 |
Non-cash restructuring costs | ||||||||||
- | - | - | - | - | - | - | 34,700 | 30,500 | 30,600 | 34,900 |
Non-cash stock compensation | ||||||||||
16,700 | 17,700 | 19,100 | 19,800 | 21,000 | 18,400 | 16,800 | 9,600 | 11,600 | 7,400 | 5,700 |
Equity in income of unconsolidated affiliates | ||||||||||
12,200 | 13,700 | 12,800 | 9,700 | 13,400 | 15,200 | 10,200 | 9,400 | 8,300 | - | - |
Dividends received from unconsolidated affiliates | ||||||||||
12,500 | 9,100 | 10,300 | 9,900 | 12,400 | 10,700 | 6,200 | 5,400 | 5,800 | - | - |
Derivative, Loss on Derivative | ||||||||||
0 | -13,000 | 0 | 0 | - | - | - | - | - | - | - |
Other | ||||||||||
-200 | -12,900 | -9,100 | -8,800 | -2,500 | -5,100 | 2,600 | 3,600 | -2,500 | -6,500 | 3,700 |
Changes in operating assets and liabilities, net of acquisitions, divestures, and deconsolidations: | ||||||||||
Accounts receivable | ||||||||||
-7,200 | 66,400 | -18,500 | -11,900 | -700 | 43,700 | 15,700 | 12,800 | -8,000 | 65,200 | -44,700 |
Inventories | ||||||||||
6,200 | 24,000 | 8,500 | 5,100 | -6,800 | 27,200 | 13,100 | -2,100 | 17,100 | 28,500 | -33,900 |
Long-term income taxes receivable | ||||||||||
7,800 | 0 | -18,700 | -18,500 | 0 | 0 | - | - | - | - | - |
Assets related to derivative instruments | ||||||||||
- | - | - | - | -22,300 | 23,800 | -1,000 | - | - | - | - |
VAT recoverable | ||||||||||
- | - | - | - | -28,900 | -4,300 | -1,800 | - | - | - | - |
Other assets | ||||||||||
-5,900 | -10,200 | -4,500 | 4,400 | -2,900 | -12,100 | 6,300 | -2,400 | -7,300 | -10,900 | - |
Accounts payable | ||||||||||
10,800 | 8,500 | -700 | 9,500 | -4,100 | 12,600 | 12,700 | 3,400 | -2,000 | 34,200 | -16,700 |
Employee compensation liabilities | ||||||||||
36,700 | 21,100 | -13,800 | -8,800 | 20,400 | -800 | 13,100 | 5,800 | -32,500 | 3,400 | -85,500 |
Increase (Decrease) in Restructuring Reserve | ||||||||||
- | - | - | - | - | - | -1,400 | - | - | - | - |
Employee benefit obligations | ||||||||||
- | - | - | - | - | - | - | -2,900 | -400 | -23,000 | -3,700 |
Accrued expenses and other liabilities | ||||||||||
- | - | - | - | - | - | - | - | - | - | -2,500 |
Accrued expenses and other liabilities | ||||||||||
19,600 | -12,600 | 16,100 | -36,800 | -10,400 | 16,100 | 4,700 | -8,600 | -30,000 | 41,700 | -36,700 |
Net cash provided by operating activities | ||||||||||
360,800 | 131,200 | 227,000 | 170,700 | 186,400 | 84,200 | 178,800 | 187,300 | 101,700 | 72,700 | -10,900 |
INVESTING ACTIVITIES | ||||||||||
Capital expenditures | ||||||||||
73,400 | 81,400 | 87,900 | 61,100 | 93,400 | 97,500 | 86,800 | 74,000 | 64,900 | 46,000 | 35,200 |
Proceeds from Sale of Property, Plant, and Equipment | ||||||||||
1,800 | 20,500 | 7,900 | 1,900 | - | 19,700 | 9,500 | 15,500 | 11,700 | 44,900 | 9,400 |
Purchases of investments | ||||||||||
0 | 0 | 52,100 | 112,600 | 105,700 | 91,400 | 146,700 | 78,600 | 195,800 | 335,400 | 4,700 |
Liquidations of investments | ||||||||||
2,200 | 0 | 125,600 | 126,600 | 95,100 | 149,100 | 122,300 | 62,600 | 466,100 | 59,000 | 15,600 |
Proceeds from partial sale of investment in unconsolidated affiliate | ||||||||||
- | - | 19,000 | 0 | 18,000 | 0 | 0 | - | - | - | - |
Proceeds from Divestiture of Businesses | ||||||||||
72,600 | -300 | 4,100 | - | - | - | - | - | - | - | - |
Proceeds from liquidation of company owned life insurance | ||||||||||
4,200 | 22,100 | 4,200 | - | - | - | 74,500 | 0 | - | - | - |
Proceeds from IDEO ownership transition | ||||||||||
- | - | - | - | - | - | - | - | - | 29,800 | - |
Payments to Acquire Businesses, Net of Cash Acquired | ||||||||||
-3,700 | -226,200 | -68,300 | 4,000 | 6,900 | - | 0 | 6,200 | 20,900 | 0 | - |
Other | ||||||||||
-800 | 6,300 | 0 | -800 | -5,100 | -5,800 | -2,000 | 4,800 | -7,000 | 6,600 | -4,900 |
Net cash provided by (used in) investing activities | ||||||||||
4,500 | -271,600 | -47,500 | -48,400 | -87,800 | -14,300 | -25,200 | -85,500 | 203,200 | -254,300 | -10,000 |
FINANCING ACTIVITIES | ||||||||||
Dividends paid | ||||||||||
69,100 | 64,300 | 61,000 | 58,500 | 57,000 | 52,500 | 50,200 | 45,800 | 31,700 | 21,600 | 26,900 |
Common stock repurchases | ||||||||||
8,700 | 4,200 | 33,800 | 48,400 | 56,400 | 36,300 | 49,900 | 19,900 | 47,700 | 10,800 | 4,600 |
Proceeds from Lines of Credit | ||||||||||
0 | 323,100 | 0 | 0 | - | - | 200 | 1,500 | 0 | 200 | 4,200 |
Repayments of Lines of Credit | ||||||||||
0 | 323,100 | 0 | 0 | - | - | 300 | 1,500 | 700 | 1,700 | 3,500 |
Excess tax benefit from vesting of stock awards | ||||||||||
- | - | - | - | 7,000 | 1,600 | 500 | 3,800 | 1,100 | 400 | -1,000 |
Borrowings of long-term debt, net of issuance costs | ||||||||||
0 | 450,000 | 0 | 0 | 51,100 | 0 | 600 | 300 | 200 | 247,400 | 47,000 |
Repayments of Long-term Debt | ||||||||||
2,900 | 252,700 | 2,700 | 2,300 | 34,800 | 2,600 | 2,500 | 2,600 | 255,500 | 2,800 | 2,200 |
Amortization of Debt Issuance Costs and Discounts | ||||||||||
0 | 7,500 | 0 | -3,300 | - | - | - | - | - | - | - |
Proceeds from (Payments for) Other Financing Activities | ||||||||||
-1,200 | 1,000 | 0 | - | - | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||
-81,900 | 122,300 | -97,500 | -105,900 | -90,100 | -89,800 | -101,600 | -64,200 | -334,300 | 211,100 | 13,000 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-1,100 | -2,700 | 4,000 | -1,200 | -3,100 | -5,400 | -600 | 700 | -700 | 1,600 | 1,400 |
Net increase (decrease) in cash and cash equivalents | ||||||||||
282,300 | -20,800 | 86,000 | 15,200 | 5,400 | -25,300 | 51,400 | 38,300 | -30,100 | 31,100 | -6,500 |
Supplemental Cash Flow Information: | ||||||||||
Income taxes paid, net of refunds received | ||||||||||
26,700 | 36,200 | 4,800 | 67,700 | 57,000 | 60,400 | 33,100 | 9,400 | 10,700 | -2,300 | 9,100 |
Interest paid, net of amounts capitalized | ||||||||||
24,500 | 34,500 | 17,000 | 17,000 | 17,100 | 17,200 | 17,400 | 17,400 | 26,200 | 17,700 | 17,700 |
Trade-in value received for existing corporate aircraft | ||||||||||
- | - | - | - | - | - | - | - | - | - | 18,500 |
Final progress payment towards replacement corporate aircraft | ||||||||||
- | - | - | - | - | - | - | - | - | - | -13,500 |
Deposit towards future replacement corporate aircraft | ||||||||||
- | - | - | - | - | - | - | - | - | - | -1,000 |
Proceeds from trade-in of corporate aircraft | ||||||||||
- | - | - | - | - | - | - | - | - | - | 4,000 |