| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | |||||||||||
Net income | |||||||||||
292,668 | 314,739 | 177,447 | 287,881 | 250,624 | 226,835 | 211,107 | 195,409 | 218,044 | 201,474 | 155,145 | 157,258 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Financial asset impairment | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 42,651 |
Asset impairment | |||||||||||
25,026 | 5,794 | 20,017 | 7,122 | 24,408 | 8,155 | 8,238 | 8,427 | 12,518 | 9,962 | 12,197 | 28,995 |
Loss from early extinguishment of debt | |||||||||||
- | - | - | - | - | - | - | - | - | -48,617 | 0 | - |
Depreciation, depletion and amortization | |||||||||||
239,140 | 236,245 | 217,625 | 205,182 | 213,161 | 198,718 | 197,671 | 200,403 | 179,871 | 169,665 | 173,587 | 183,034 |
Gain on adjustment of environmental reserves | |||||||||||
-10,675 | 0 | 0 | 850 | -32,543 | 0 | -1,848 | -2,796 | -1,959 | -1,687 | -6,997 | 38,415 |
Share-based compensation expense | |||||||||||
14,334 | 10,730 | 13,488 | 19,289 | 9,257 | 17,099 | 11,472 | 8,851 | 12,102 | 15,804 | 8,616 | 4,177 |
Equity in earnings of affiliates | |||||||||||
5,171 | 11,216 | 9,482 | 11,235 | 10,416 | 9,886 | 12,029 | 12,805 | 12,061 | 11,505 | 7,742 | 9,679 |
Cash dividends from affiliated companies | |||||||||||
6,620 | 7,570 | 6,967 | 10,231 | 8,131 | 9,809 | 13,631 | 9,329 | 11,676 | 17,123 | 5,563 | 7,632 |
Loss on remeasurement of previously held interest in Conitex Sonoco | |||||||||||
0 | 4,784 | 0 | 0 | - | - | - | - | - | - | - | - |
Net (gain)/loss on disposition of assets | |||||||||||
-746 | -8,635 | -2,039 | -14,173 | 5,719 | 2,103 | 493 | 6,690 | -1,907 | -1,422 | 14,731 | 2,476 |
Gain on disposition of business | |||||||||||
- | - | - | 108,699 | 0 | 0 | - | - | - | - | - | - |
Pension and postretirement plan expense | |||||||||||
52,741 | 34,885 | 78,506 | 45,281 | 57,308 | 40,435 | 61,946 | 52,856 | 36,853 | 52,599 | 81,380 | 30,756 |
Pension and postretirement plan contributions | |||||||||||
231,234 | 25,373 | 108,579 | 46,716 | 36,009 | 65,944 | 42,007 | 75,059 | 142,097 | 29,194 | 122,195 | 20,492 |
Tax effect of share-based compensation exercises | |||||||||||
- | - | - | 2,654 | 3,601 | 3,918 | 11,462 | 5,698 | 5,965 | 5,063 | 1,990 | 811 |
Excess tax benefit of share-based compensation | |||||||||||
- | - | - | 2,695 | 3,622 | 4,126 | 12,456 | 2,682 | 4,018 | 4,209 | 1,030 | 711 |
Net increase/(decrease) in deferred taxes | |||||||||||
16,958 | -9,420 | -20,553 | 2,591 | -3,737 | 38,760 | 35,660 | 17,150 | 11,036 | 12,498 | 21,689 | -18,844 |
Change in assets and liabilities, net of effects from acquisitions and foreign currency adjustments: | |||||||||||
Trade accounts receivable | |||||||||||
-59,615 | -38,193 | 43,773 | 44,672 | 15,398 | 35,920 | -162 | -1,190 | 52,484 | 66,410 | 16,057 | -58,627 |
Inventories | |||||||||||
-2,631 | 6,150 | 16,067 | 11,515 | 2,567 | -6,230 | 32,527 | -17,081 | -3,423 | 57,071 | -36,492 | -5,017 |
Payable to suppliers | |||||||||||
-25,383 | -4,380 | 4,226 | 5,550 | 12,349 | 26,850 | 71,009 | -16,010 | -13,798 | 43,255 | 15,438 | -62,614 |
Prepaid expenses | |||||||||||
-4,030 | 5,093 | 110 | -5,125 | 6,766 | 13,282 | 1,993 | -1,114 | 2,559 | 1,330 | -7,393 | 7,721 |
Accrued expenses | |||||||||||
7,471 | 19,153 | -14,606 | -11,742 | 15,299 | -8,713 | 9,025 | -4,059 | -12,174 | 19,757 | 22,233 | -23,659 |
Income taxes payable and other income tax items | |||||||||||
6,201 | 19,014 | -70,180 | -21,913 | 17,118 | 1,111 | -6,063 | 6,868 | -7,344 | 49,993 | -8,811 | 1,041 |
Fox River environmental reserves | |||||||||||
- | - | - | 1,043 | 1,335 | 14,349 | - | - | - | - | - | - |
Other assets and liabilities | |||||||||||
17,466 | 10,184 | 29,071 | -9,154 | 5,978 | 3,460 | -3,934 | -13,376 | 14,314 | 704 | -9,206 | 30,742 |
Net cash provided by operating activities | |||||||||||
425,850 | 589,898 | 348,254 | 398,679 | 452,930 | 417,915 | 538,027 | 403,915 | 245,275 | 375,136 | 390,988 | 379,394 |
Cash Flows from Investing Activities: | |||||||||||
Purchases of property, plant and equipment | |||||||||||
195,934 | 192,574 | 188,913 | 186,741 | 192,295 | 177,076 | 172,442 | 214,862 | 173,372 | 145,910 | 104,150 | 123,114 |
Cost of acquisitions, net of cash acquired | |||||||||||
298,380 | 277,177 | 383,725 | 88,632 | 17,447 | 334,132 | 4,005 | 503 | 566,908 | 137,835 | 5,504 | 5,535 |
Payments for Disposal of Assets | |||||||||||
- | - | - | 8,436 | - | - | - | - | - | - | - | - |
Cash paid for disposition of assets | |||||||||||
- | - | - | - | 0 | 0 | - | - | - | - | - | - |
Proceeds from the sale of assets | |||||||||||
14,614 | 24,288 | 5,271 | 280,373 | 32,530 | 7,758 | 10,511 | 31,967 | 11,121 | 8,486 | 19,909 | 19,758 |
Investment in affiliates and other, net | |||||||||||
-603 | -1,335 | -2,791 | -294 | 2,657 | 3,983 | 3,517 | -26 | 0 | 8,450 | -1,765 | -1,293 |
Net cash used in investing activities | |||||||||||
-479,097 | -444,128 | -564,576 | -3,142 | -179,869 | -507,433 | -169,453 | -183,372 | -729,159 | -283,709 | -91,510 | -110,184 |
Cash Flows from Financing Activities: | |||||||||||
Proceeds from issuance of debt | |||||||||||
276,843 | 226,885 | 448,511 | 241,180 | 68,182 | 294,846 | 57,952 | 7,568 | 680,919 | 365,415 | 24,103 | 39,102 |
Principal repayment of debt | |||||||||||
139,582 | 281,262 | 217,320 | 306,305 | 182,900 | 49,624 | 294,347 | 46,820 | 17,054 | 358,927 | 45,256 | 118,115 |
Net change in commercial paper | |||||||||||
130,000 | -4,000 | 124,000 | 0 | 0 | 0 | -152,000 | 125,000 | -3,000 | 30,000 | -95,000 | -74,000 |
Excess cash costs of early extinguishment of debt | |||||||||||
- | - | - | - | - | - | - | - | - | 49,888 | 0 | - |
Net increase/(decrease) in outstanding checks | |||||||||||
-4,486 | -4,282 | 7,518 | -163 | -684 | 1,335 | -2,825 | -1,600 | -8,533 | -71 | -2,568 | 11,855 |
Payment of contingent consideration | |||||||||||
5,500 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Cash dividends | |||||||||||
170,253 | 161,434 | 153,137 | - | - | - | - | - | - | - | - | - |
Cash dividends | |||||||||||
- | - | - | 146,364 | 138,032 | 128,793 | 124,845 | 119,771 | 114,958 | 111,756 | 107,887 | 106,558 |
Dividends paid to noncontrolling interests | |||||||||||
214 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from early settlement of interest rate swap | |||||||||||
- | - | - | - | - | - | - | - | - | -5,939 | 0 | - |
Excess tax benefit of share-based compensation | |||||||||||
- | - | - | 2,695 | 3,622 | 4,126 | 12,456 | 2,682 | 4,018 | 4,209 | 1,030 | 711 |
Purchase of Sonoco Asia noncontrolling interest | |||||||||||
0 | 35,000 | 0 | 0 | - | - | - | - | 5,718 | - | 0 | - |
Shares repurchased | |||||||||||
9,608 | 14,561 | 6,335 | 106,739 | 7,868 | 87,800 | 27,239 | 4,167 | 49,442 | 24,658 | 1,239 | 843 |
Shares issued | |||||||||||
- | - | - | - | 1,324 | 5,373 | 15,781 | 9,739 | 21,253 | 23,155 | 7,159 | 6,470 |
Net cash used in financing activities | |||||||||||
77,200 | -273,654 | 203,237 | -315,696 | -256,356 | 39,463 | -515,067 | -27,369 | 507,485 | -116,582 | -219,658 | -241,378 |
Effects of Exchange Rate Changes on Cash | |||||||||||
941 | -6,639 | 10,771 | -5,049 | 4,561 | -6,344 | -9,024 | 4,387 | -6,327 | -1,841 | 3,770 | 3,065 |
Net (Decrease)/Increase in Cash and Cash Equivalents | |||||||||||
24,894 | -134,523 | -2,314 | 74,792 | 21,266 | -56,399 | -155,517 | 197,561 | 17,274 | -26,996 | 83,590 | 30,897 |
Supplemental Cash Flow Disclosures | |||||||||||
Interest paid, net of amounts capitalized | |||||||||||
66,768 | 63,147 | 57,170 | 53,411 | 57,551 | 54,496 | 60,772 | 66,171 | 34,296 | 37,464 | 34,731 | 43,474 |
Income taxes paid, net of refunds | |||||||||||
82,512 | 103,442 | 96,962 | 134,777 | 104,922 | 67,192 | 40,446 | 84,422 | 54,078 | 96,918 | 34,328 | 73,872 |