| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from (used in) operating activities: | ||||||||||||
Net income | ||||||||||||
65,300 | 81,200 | 89,300 | -67,600 | -117,000 | 383,900 | 212,300 | 183,200 | 176,200 | 202,800 | 16,200 | 272,800 | 296,100 |
Less: Loss from discontinued operations, net of tax | ||||||||||||
-4,400 | 3,000 | 5,300 | -97,900 | 34,600 | 269,300 | 202,800 | 348,400 | 43,500 | 24,800 | -208,000 | 14,300 | 4,700 |
Income from continuing operations | ||||||||||||
69,700 | 78,200 | 84,000 | 30,300 | -151,600 | 114,600 | 9,500 | -165,200 | 132,700 | 178,000 | 224,200 | 258,500 | 291,400 |
Adjustments to reconcile income from continuing operations to net cash from (used in) operating activities: | ||||||||||||
Special charges, net | ||||||||||||
4,000 | 6,300 | 2,700 | 5,300 | 5,100 | 5,900 | 17,900 | 23,400 | 21,000 | 30,700 | 49,500 | 17,200 | 5,200 |
Gain on change in fair value of equity security | ||||||||||||
7,900 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Gain on asset sales | ||||||||||||
- | - | - | 900 | 1,200 | 491,200 | 0 | 20,500 | - | - | - | - | - |
Gain (Loss) on Disposition of Business | ||||||||||||
- | - | - | 18,400 | 0 | 0 | - | - | - | - | - | - | - |
Asset Impairment Charges | ||||||||||||
- | - | - | 30,100 | 0 | 28,900 | - | - | - | - | - | - | - |
Loss on amendment/refinancing of senior credit agreement | ||||||||||||
600 | 400 | 900 | 1,300 | 1,400 | - | - | - | - | - | - | - | - |
Impairment of goodwill and other long-term assets | ||||||||||||
- | - | - | - | - | - | 0 | 285,900 | 28,300 | 1,700 | 6,100 | - | - |
Loss on early extinguishment of debt | ||||||||||||
- | - | - | - | - | -32,500 | 0 | - | - | - | - | - | -3,300 |
Deferred and other income taxes | ||||||||||||
14,800 | -300 | -21,000 | 0 | 4,900 | -79,100 | 107,800 | -36,500 | -39,800 | 61,600 | 2,700 | 49,400 | -9,500 |
Impairment of goodwill and other intangible assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 123,000 | 4,000 |
Loss on early extinguishment of interest rate protection agreements and term loan | ||||||||||||
- | - | - | - | - | - | - | - | - | 25,600 | - | - | - |
Gain on sale of a business | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 1,100 | - | - |
Depreciation and amortization | ||||||||||||
34,500 | 29,200 | 25,200 | 26,500 | 37,000 | 40,600 | 45,700 | 107,800 | 82,700 | 81,900 | 75,300 | 104,500 | 73,400 |
Pension and other employee benefits | ||||||||||||
20,200 | 13,700 | 14,900 | 24,800 | 35,200 | 122,900 | -4,900 | 176,600 | 72,300 | 68,400 | 53,500 | 58,000 | 58,000 |
Long-term incentive compensation | ||||||||||||
13,600 | 15,500 | 15,800 | 13,700 | 33,900 | 32,700 | 26,500 | 38,900 | 38,600 | 29,900 | 26,500 | 41,500 | 39,500 |
Other, net | ||||||||||||
-2,300 | -2,300 | -4,700 | -3,200 | -3,800 | -2,400 | -8,700 | -8,300 | -9,000 | -14,700 | -16,300 | 25,900 | 5,100 |
Changes in operating assets and liabilities, net of effects from acquisitions: | ||||||||||||
Accounts receivable and other assets | ||||||||||||
-75,500 | -52,600 | 103,500 | 36,400 | 6,900 | -50,700 | -24,500 | 213,900 | 14,700 | 167,100 | -290,100 | 255,000 | -17,100 |
Inventories | ||||||||||||
8,500 | -5,100 | -4,500 | -8,500 | 21,200 | 10,900 | 3,500 | -58,300 | 59,000 | -19,100 | -135,100 | 47,700 | 33,800 |
Accounts payable, accrued expenses and other | ||||||||||||
-61,700 | -86,500 | 28,300 | -40,200 | -11,300 | -171,600 | -210,100 | -176,000 | -43,700 | -106,500 | -395,100 | 57,700 | -42,900 |
Discretionary pension contribution | ||||||||||||
- | - | - | - | - | - | 250,000 | - | - | - | - | - | - |
Cash spending on restructuring actions | ||||||||||||
4,200 | 3,600 | 3,000 | 2,100 | 5,100 | 4,500 | 14,400 | 19,100 | 21,200 | 19,900 | 50,200 | 28,100 | 4,900 |
Net cash from continuing operations | ||||||||||||
152,900 | 112,900 | 53,500 | 45,700 | -76,000 | -326,100 | -242,300 | 68,000 | 206,200 | 218,100 | 432,900 | 404,900 | 405,900 |
Net cash used in discontinued operations | ||||||||||||
-4,300 | -2,300 | -6,600 | -46,900 | 37,500 | 402,500 | 347,600 | 1,800 | 116,400 | 35,500 | 38,200 | 1,000 | 54,800 |
Net cash from (used in) operating activities | ||||||||||||
148,600 | 110,600 | 46,900 | -1,200 | -38,500 | 76,400 | 105,300 | 69,800 | 322,600 | 253,600 | 471,100 | 405,900 | 460,700 |
Cash flows from (used in) investing activities: | ||||||||||||
Proceeds (expenditures) related to company-owned life insurance policies, net | ||||||||||||
-5,900 | 800 | -700 | -7,700 | - | - | - | - | - | - | - | - | - |
(Increase) decrease in restricted cash | ||||||||||||
200 | -300 | 300 | 0 | 0 | -100 | 0 | -1,900 | 400 | -3,200 | -8,900 | 14,000 | - |
Business acquisitions, net of cash acquired | ||||||||||||
147,100 | 180,800 | 0 | 0 | - | - | - | 34,300 | 747,500 | 114,800 | 131,400 | 15,000 | 567,200 |
Proceeds from asset sales | ||||||||||||
5,500 | 9,500 | 0 | 48,100 | 2,000 | 574,100 | -2,200 | 18,900 | 1,100 | 9,600 | 3,600 | 1,300 | 3,300 |
Capital expenditures | ||||||||||||
17,800 | 12,400 | 11,000 | 11,700 | 16,000 | 19,300 | 32,100 | 81,800 | 145,200 | 70,900 | 86,400 | 116,400 | 82,600 |
Net cash used in continuing operations | ||||||||||||
-153,700 | -184,200 | -10,600 | 44,100 | -14,000 | 554,900 | -34,300 | -95,300 | -892,000 | -172,900 | -205,300 | -144,100 | -646,500 |
Net cash from discontinued operations | ||||||||||||
0 | 3,600 | 0 | -30,900 | -40,200 | 72,500 | -12,400 | 1,126,000 | -52,300 | -10,200 | 17,100 | 130,500 | 117,800 |
Net cash used in investing activities | ||||||||||||
-153,700 | -180,600 | -10,600 | 13,200 | -54,200 | 627,400 | -46,700 | 1,030,700 | -944,300 | -183,100 | -188,200 | -13,600 | -528,700 |
Cash flows from (used in) financing activities: | ||||||||||||
Borrowings under senior notes | ||||||||||||
- | - | - | - | - | - | - | - | - | 600,000 | - | - | 500,000 |
Repurchase of senior notes (includes premiums paid of $30.6) | ||||||||||||
- | - | - | - | - | 530,600 | 0 | - | 49,500 | - | - | - | - |
Borrowings under senior credit facilities | ||||||||||||
593,800 | 199,400 | 404,600 | 56,200 | 1,264,000 | 572,000 | 287,000 | 1,065,000 | 1,881,100 | 164,000 | 424,500 | 585,500 | 1,606,300 |
Repayments under senior credit facilities | ||||||||||||
560,200 | 193,000 | 395,800 | 65,000 | 1,167,000 | 339,000 | 287,000 | 1,421,900 | 1,050,000 | 825,500 | 503,000 | 710,500 | 1,560,600 |
Borrowings under trade receivables financing arrangement | ||||||||||||
93,000 | 123,000 | 74,000 | 72,000 | 156,000 | 91,000 | 35,000 | 127,300 | 118,000 | 90,000 | 138,000 | 261,000 | 586,000 |
Repayments under trade receivables financing arrangement | ||||||||||||
116,000 | 100,000 | 74,000 | 72,000 | 166,000 | 81,000 | 35,000 | 127,300 | 118,000 | 112,000 | 116,000 | 331,000 | 517,000 |
Net borrowings (repayments) under other financing arrangements | ||||||||||||
-600 | -4,800 | -10,100 | -10,100 | 12,200 | 7,000 | -3,600 | -8,600 | 2,800 | - | -17,100 | -28,300 | -21,700 |
Purchases of common stock | ||||||||||||
- | - | - | - | - | 488,800 | 260,200 | 245,600 | - | - | 113,200 | 115,200 | 715,900 |
Minimum withholdings paid on behalf of employees for net share settlements, net of proceeds from the exercise of employee stock options | ||||||||||||
3,900 | 7,800 | 1,300 | 1,600 | 6,200 | 12,900 | 16,200 | -5,300 | -100 | -3,500 | -1,200 | -81,500 | -133,000 |
Financing fees paid | ||||||||||||
1,600 | 0 | 3,600 | 0 | 12,200 | 400 | 5,400 | 200 | 17,200 | 13,000 | - | 1,200 | 15,100 |
Purchase of subsidiary shares | ||||||||||||
15,600 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Dividends paid | ||||||||||||
- | - | - | - | 45,900 | 59,800 | 34,700 | 63,600 | 53,400 | 52,300 | 50,300 | 54,400 | 56,900 |
Cash Divested from Deconsolidation | ||||||||||||
- | - | - | - | 208,600 | 0 | 0 | - | - | - | - | - | - |
Purchase of noncontrolling interest in subsidiary | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 3,000 | - | - |
Net cash from continuing operations | ||||||||||||
-11,100 | 16,800 | -6,200 | -20,500 | -173,700 | -842,500 | -320,100 | -669,600 | 713,900 | -145,300 | -238,900 | -312,600 | -61,900 |
Net cash from (used in) discontinued operations | ||||||||||||
0 | 0 | 0 | 0 | -1,900 | -60,300 | -15,300 | - | - | -1,700 | -300 | -400 | -6,000 |
Net cash from financing activities | ||||||||||||
-11,100 | 16,800 | -6,200 | -20,500 | -175,600 | -902,800 | -335,400 | -669,600 | 713,900 | -147,000 | -239,200 | -313,000 | -67,900 |
Change in cash and equivalents due to changes in foreign currency exchange rates | ||||||||||||
2,100 | -2,300 | -5,400 | 6,700 | -57,900 | -65,200 | -15,500 | 2,200 | 3,400 | 9,000 | 3,300 | 42,500 | 12,800 |
Net change in cash and equivalents | ||||||||||||
-14,100 | -55,500 | 24,700 | -1,800 | -326,200 | -264,200 | -292,300 | 433,100 | 95,600 | -67,500 | 47,000 | 121,800 | -123,100 |
Supplemental disclosure of cash flow information: | ||||||||||||
Interest paid | ||||||||||||
16,100 | 19,700 | 15,100 | 12,500 | 60,800 | 65,900 | 102,600 | 102,000 | 90,100 | 73,900 | 94,200 | 113,300 | 77,100 |
Income tax refunds (payments), net | ||||||||||||
-7,000 | 44,300 | -22,900 | -4,800 | 51,000 | 314,800 | 50,300 | 59,300 | - | 30,000 | 35,700 | 95,700 | 80,500 |
Non-cash investing and financing activity: | ||||||||||||
Debt assumed | ||||||||||||
1,300 | 200 | 900 | 3,900 | 1,000 | 200 | 5,000 | 61,500 | 19,900 | 3,900 | - | 1,200 | 4,700 |