| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net earnings (loss) | ||||||||||
283,000 | -17,000 | 246,000 | 314,000 | 172,000 | 368,000 | 214,000 | 282,588 | 343,557 | 283,012 | 91,517 |
Adjustments to reconcile net earnings (loss) to cash from operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
138,000 | 134,000 | 118,000 | 102,000 | 91,000 | 92,000 | 93,000 | 90,216 | 81,223 | 86,802 | 91,841 |
(Gain) loss from sale of fixed assets | ||||||||||
- | - | - | - | - | - | 4,000 | 8,710 | 1,566 | 2,555 | -530 |
Gain from sale of power generating facility assets | ||||||||||
- | - | - | - | - | 5,000 | - | - | 52,923 | - | - |
Fixed asset impairment charge | ||||||||||
- | - | - | - | - | - | - | - | 5,600 | - | - |
Deferred income taxes | ||||||||||
-55,000 | -20,000 | 39,000 | 47,000 | -10,000 | 26,000 | 30,000 | -24,560 | -1,558 | 12,506 | -15,298 |
Mandatory deemed repatriation tax | ||||||||||
-11,000 | 14,000 | 112,000 | - | - | - | - | - | - | - | - |
Pay-in-kind interest and accretion on notes receivable from affiliates | ||||||||||
- | - | - | - | 17,000 | 16,000 | 14,000 | 11,936 | 10,584 | 695 | - |
Reserve on notes receivable from affiliate | ||||||||||
- | - | - | 16,000 | - | - | - | - | - | - | - |
Loss from affiliates | ||||||||||
-41,000 | -44,000 | -7,000 | 81,000 | 70,000 | 37,000 | -4,000 | 30,707 | 26,621 | 20,965 | 20,158 |
Dividends received from affiliates | ||||||||||
10,000 | 23,000 | 24,000 | 53,000 | 69,000 | 14,000 | 11,000 | 785 | 1,813 | 1,843 | 7,906 |
Other investment loss (income), net | ||||||||||
225,000 | -152,000 | 177,000 | 69,000 | -5,000 | 2,000 | 8,000 | 8,461 | 249 | 14,145 | 15,500 |
Other, net | ||||||||||
-7,000 | -5,000 | 9,000 | -9,000 | -5,000 | 3,000 | -1,000 | -3,614 | -829 | -1,005 | - |
Gain on sale of controlling interest in a subsidiary | ||||||||||
- | - | - | - | - | 66,000 | - | - | - | - | - |
Foreign currency exchange gain | ||||||||||
- | - | - | - | - | - | - | 244 | 336 | 140 | -6,578 |
Gain on disputed sale, net of expenses | ||||||||||
- | - | - | - | - | - | - | - | - | - | 16,787 |
Changes in assets and liabilities: | ||||||||||
Receivables, net of allowance for credit losses | ||||||||||
84,000 | 58,000 | 12,000 | -18,000 | -119,000 | 7,000 | 154,000 | 66,583 | 88,434 | 86,205 | -93,861 |
Inventories | ||||||||||
152,000 | 34,000 | 21,000 | -6,000 | 35,000 | 81,000 | -36,000 | 64,943 | 118,731 | 40,053 | -1,552 |
Prepaid expenses | ||||||||||
-5,000 | -31,000 | 51,000 | 4,000 | -3,000 | - | - | - | - | - | - |
Other assets | ||||||||||
-22,000 | -13,000 | 8,000 | -12,000 | 6,000 | -24,000 | 13,000 | 18,167 | -85,856 | 2,570 | 58,823 |
Current liabilities, exclusive of debt | ||||||||||
192,000 | -49,000 | -23,000 | 23,000 | 75,000 | 44,000 | -73,000 | 93,246 | -36,875 | 107,482 | 69,738 |
Other, net | ||||||||||
- | - | - | -19,000 | 15,000 | 23,000 | 2,000 | 25,565 | 38,995 | 14,490 | 9,400 |
Net cash from operating activities | ||||||||||
171,000 | 238,000 | 245,000 | 427,000 | 416,000 | 374,000 | 125,000 | 261,703 | 219,996 | 339,812 | 246,357 |
Cash flows from investing activities: | ||||||||||
Purchase of short-term investments | ||||||||||
1,026,000 | 1,130,000 | 767,000 | 691,000 | 1,320,000 | 1,097,000 | 612,000 | 773,111 | 233,431 | 687,335 | 346,522 |
Proceeds from the sale of short-term investments | ||||||||||
973,000 | 1,191,000 | 606,000 | 710,000 | 526,000 | 876,000 | 625,000 | 755,141 | 220,823 | 695,384 | 211,403 |
Proceeds from the maturity of short-term investments | ||||||||||
185,000 | 53,000 | 59,000 | 34,000 | 29,000 | 18,000 | 6,000 | 36,693 | 19,255 | 69,534 | 66,842 |
Capital expenditures | ||||||||||
349,000 | 162,000 | 173,000 | 158,000 | 139,000 | 121,000 | 150,000 | 158,755 | 183,748 | 103,336 | 54,276 |
Short-term note receivable issued to affiliate, net | ||||||||||
- | - | - | - | - | - | - | - | 30,096 | - | - |
Principal payments received on notes receivable | ||||||||||
- | - | - | - | - | - | 19,000 | 1,499 | - | - | - |
Proceeds from syndication and subordinated loan fees | ||||||||||
- | - | - | - | - | - | - | - | - | 6,525 | - |
Proceeds from the sale of non-consolidated affiliate | ||||||||||
24,000 | - | - | - | - | 74,000 | - | - | - | - | - |
Proceeds from sale of fixed assets | ||||||||||
- | - | - | 47,000 | 48,000 | 8,000 | 15,000 | 15,906 | 4,882 | 7,655 | 3,255 |
Proceeds from the sale of power generating facility assets | ||||||||||
- | - | - | - | - | 8,000 | - | - | 59,603 | - | 15,000 |
Acquisition of businesses | ||||||||||
7,000 | 264,000 | 54,000 | 219,000 | - | - | - | - | - | 5,578 | - |
Investments in and advances to affiliates, net | ||||||||||
21,000 | 26,000 | 87,000 | 71,000 | 119,000 | 31,000 | 39,000 | 24,927 | 18,533 | 217,578 | -71 |
Notes receivable issued to affiliates | ||||||||||
- | - | - | 13,000 | - | 1,000 | 17,000 | 81,231 | 13,037 | 100,000 | - |
Principal payments received on notes receivable from affiliates | ||||||||||
8,000 | 4,000 | 167,000 | 12,000 | - | 1,000 | 81,000 | 1,139 | 2,827 | - | - |
Advance payment on capital lease | ||||||||||
- | - | - | - | - | - | - | - | 8,493 | - | - |
Purchase of long-term investments | ||||||||||
38,000 | 21,000 | 12,000 | 31,000 | 28,000 | 3,000 | 4,000 | 9,789 | 4,696 | -552 | 3,108 |
Net proceeds from disputed sale | ||||||||||
- | - | - | - | - | - | - | - | - | - | 16,787 |
Other, net | ||||||||||
2,000 | -6,000 | 5,000 | -6,000 | 1,000 | -3,000 | 2,000 | 3,836 | -1,394 | -1,140 | -46 |
Net cash from investing activities | ||||||||||
-253,000 | -349,000 | -266,000 | -374,000 | -1,004,000 | -265,000 | -78,000 | -241,271 | -183,250 | -333,037 | -90,502 |
Cash flows from financing activities: | ||||||||||
Lines of credit, net | ||||||||||
34,000 | - | 45,000 | - | - | - | - | - | - | - | - |
Notes payable to banks, net | ||||||||||
- | - | - | -25,000 | 83,000 | 17,000 | 41,000 | 12,592 | -62,510 | -2,535 | -95,072 |
Proceeds from long-term debt | ||||||||||
43,000 | 251,000 | 38,000 | 3,000 | 522,000 | - | - | 32,682 | 64,967 | 16,352 | - |
Principal payments of long-term debt | ||||||||||
35,000 | 46,000 | 17,000 | 5,000 | - | 91,000 | 54,000 | 43,947 | 1,476 | 2,179 | 46,914 |
Repurchase of common stock | ||||||||||
17,000 | 5,000 | - | - | - | 53,000 | 24,000 | 26,830 | 9,971 | 29,994 | 3,370 |
Dividends paid | ||||||||||
10,000 | 7,000 | 7,000 | - | - | - | - | 14,376 | - | 10,963 | 3,711 |
Dividends paid to noncontrolling interests | ||||||||||
- | - | - | - | - | - | - | - | 148 | 36 | 112 |
Other, net | ||||||||||
-4,000 | -3,000 | -1,000 | - | - | -2,000 | -1,000 | -2,589 | 452 | 370 | -291 |
Net cash from financing activities | ||||||||||
11,000 | 190,000 | 58,000 | -27,000 | 605,000 | -129,000 | -38,000 | -42,468 | -8,686 | -28,985 | -149,470 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
2,000 | -1,000 | 2,000 | 1,000 | -3,000 | 1,000 | -2,000 | -1,823 | 2,326 | 1,477 | -5,122 |
Net change in cash and cash equivalents | ||||||||||
-69,000 | 78,000 | 39,000 | 27,000 | 14,000 | -19,000 | 7,000 | -23,859 | 30,386 | -20,733 | 1,263 |
Supplemental disclosures of cash flow information: | ||||||||||
Cash paid during the period for: | ||||||||||
Interest, net of interest capitalized | ||||||||||
36,000 | 43,000 | 30,000 | - | - | - | - | - | - | - | - |
Income taxes, net of refunds | ||||||||||
31,000 | 35,000 | 32,000 | - | - | - | - | - | - | - | - |