| 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 Income (Loss) Attributable to Parent | ||||||||||
282,714 | 598,995 | 408,357 | 262,434 | 347,696 | 283,749 | 188,125 | 177,481 | 6,474 | 130,050 | -27,681 |
Net loss from discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | -395 |
Income/(loss) from continuing operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | -27,286 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Depreciation | ||||||||||
115,900 | 106,000 | 109,300 | 106,900 | 96,051 | 65,804 | 50,889 | 54,688 | 44,373 | 38,628 | 48,427 |
Amortization of debt issuance costs | ||||||||||
7,804 | 7,317 | 7,241 | 7,334 | 6,456 | 5,118 | 4,307 | 5,108 | 6,925 | 8,564 | 9,055 |
Gain (Loss) on Disposition of Business | ||||||||||
0 | 64,423 | 0 | 0 | 0 | - | - | - | - | - | - |
Currency remeasurement loss on debt | ||||||||||
- | - | - | - | - | 771 | 457 | -433 | -60,106 | 72,816 | -13,559 |
Share-based compensation | ||||||||||
18,757 | 23,825 | 19,819 | 17,425 | 15,326 | 12,985 | 8,967 | 14,714 | 8,012 | 25,421 | 2,233 |
Loss On Debt Financing | ||||||||||
4,364 | 2,350 | 2,670 | 0 | -34,335 | -3,750 | -9,010 | -2,216 | -44,014 | -23,474 | 120,123 |
Amortization of inventory step-up to fair value | ||||||||||
- | - | - | - | 1,820 | 5,576 | 0 | 23 | 1,725 | 0 | 0 |
Amortization of Intangible Assets | ||||||||||
142,886 | 139,326 | 161,050 | 201,498 | 186,632 | 146,704 | 134,387 | 144,777 | 141,575 | 144,514 | 153,081 |
Gain on disposition or write-down of assets, net | ||||||||||
- | - | - | - | - | - | - | -214 | 2,495 | 119 | 3,665 |
Deferred income taxes | ||||||||||
-27,623 | 144,068 | 56,757 | -8,344 | 179,009 | 59,156 | -25,711 | 26,611 | -48,662 | -24,267 | -25,763 |
Gains from insurance proceeds | ||||||||||
- | - | - | - | - | 2,417 | 7,500 | 1,750 | 0 | - | - |
Unrealized loss on derivative instruments and other | ||||||||||
-30,292 | -18,176 | -781 | -11,517 | 590 | -5,003 | -8,324 | -2,748 | -13,098 | 5,755 | -185 |
Impairment of goodwill and intangible assets | ||||||||||
- | - | - | - | - | - | - | - | - | - | 19,867 |
Changes in operating assets and liabilities, net of the effects of acquisitions: | ||||||||||
Accounts receivable, net | ||||||||||
-26,605 | 34,877 | 56,330 | 33,013 | -18,618 | 26,287 | 33,436 | -6,858 | 11,118 | 17,406 | 35,080 |
Inventories | ||||||||||
10,924 | 55,445 | 57,119 | 37,500 | -40,526 | 77,473 | 7,336 | -22,091 | 19,907 | 15,574 | -13,853 |
Prepaid expenses and other current assets | ||||||||||
-10,073 | 11,891 | 12,412 | -6,956 | 9,857 | -2,915 | -1,214 | -3,470 | 825 | -2,916 | -13,150 |
Accounts payable and accrued expenses | ||||||||||
-34,563 | 48,371 | 23,841 | -21,432 | -38,034 | 19,189 | 23,902 | -13,877 | -16,398 | 3,367 | 61,383 |
Income taxes payable | ||||||||||
2,308 | -353 | 7,655 | -1,938 | 14,452 | 849 | -3,099 | 2,872 | -2,286 | -1,529 | -912 |
Other | ||||||||||
4,239 | 12,754 | 471 | 7,003 | 1,291 | 2,970 | 7,170 | -2,286 | 21,058 | -11,806 | -7,160 |
Net cash provided by operating activities from continuing operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 187,980 |
Net cash used in operating activities from discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | -403 |
Net cash provided by operating activities | ||||||||||
619,562 | 620,563 | 557,646 | 521,525 | 533,131 | 382,568 | 395,838 | 397,313 | 305,867 | 300,046 | 187,577 |
Cash flows from investing activities: | ||||||||||
Acquisitions, net of cash received | ||||||||||
32,465 | 228,307 | 0 | -4,688 | 996,871 | 0 | 15,470 | 0 | 319,920 | 0 | 0 |
Acquisition of Schrader, net of cash received | ||||||||||
- | - | - | - | 958 | 995,315 | 0 | - | 145,331 | 0 | 0 |
Other acquisitions, net of cash received | ||||||||||
- | - | - | - | -3,881 | 298,423 | - | 13,346 | 0 | 0 | - |
Additions to property, plant and equipment and capitalized software | ||||||||||
161,259 | 159,787 | 144,584 | 130,217 | 177,196 | 144,211 | 82,784 | 54,786 | 89,807 | 52,912 | 14,959 |
Investment in debt and equity securities | ||||||||||
9,950 | 0 | 0 | 50,000 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of business, net of cash sold | ||||||||||
0 | 149,777 | 0 | 0 | - | - | - | - | - | - | - |
Insurance proceeds | ||||||||||
- | - | - | - | - | 2,417 | 8,900 | 0 | 0 | - | - |
Proceeds from the sale of assets | ||||||||||
- | - | - | - | 4,775 | 5,467 | 1,704 | 5,631 | 600 | 364 | 585 |
Other | ||||||||||
5,103 | -711 | -3,862 | -751 | 0 | - | - | - | - | - | - |
Payments on Euro call option | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,075 |
Net cash used in investing activities from continuing operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | -15,449 |
Net cash provided by investing activities from discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 372 |
Net cash used in investing activities | ||||||||||
-208,777 | -237,606 | -140,722 | -174,778 | -1,166,369 | -1,430,065 | -87,650 | -62,501 | -554,458 | -52,548 | -15,077 |
Cash flows from financing activities: | ||||||||||
Proceeds from issuance of ordinary shares | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Proceeds from exercise of stock options and issuance of ordinary shares | ||||||||||
15,150 | 6,093 | 7,450 | 3,944 | 19,411 | 24,909 | 20,999 | 16,520 | 20,091 | 455,394 | 6 |
Payment of employee restricted stock tax withholdings | ||||||||||
6,990 | 3,674 | 2,910 | 4,752 | - | - | - | - | - | - | - |
Payments on from revolving credit facility, net | ||||||||||
- | - | - | - | - | - | - | - | - | 0 | -25,000 |
Proceeds from issuance of debt | ||||||||||
450,000 | 0 | 927,794 | 0 | 2,795,120 | 1,190,500 | 600,000 | 0 | 1,794,500 | 0 | 0 |
Payments on debt | ||||||||||
464,605 | 15,653 | 943,554 | 336,256 | 2,000,257 | 76,375 | 711,665 | 13,349 | 1,933,035 | 357,698 | 76,488 |
Repurchase of ordinary shares from SCA | ||||||||||
- | - | - | - | - | 169,680 | 172,125 | 0 | 0 | - | - |
Payments to repurchase ordinary shares | ||||||||||
350,004 | 399,417 | 0 | 0 | 50 | 12,094 | 132,971 | 15,190 | 0 | 0 | - |
Payments of debt and equity issuance costs | ||||||||||
10,050 | 9,931 | 4,043 | 518 | 50,052 | 16,330 | 8,069 | 1,381 | 34,500 | 0 | 0 |
Advance to shareholder | ||||||||||
- | - | - | - | - | - | - | - | - | - | 266 |
Other | ||||||||||
0 | 16,369 | 0 | 0 | 0 | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||
-366,499 | -406,213 | -15,263 | -337,582 | 764,172 | 940,930 | -403,831 | -13,400 | -152,944 | 97,696 | -101,748 |
Net change in cash and cash equivalents | ||||||||||
44,286 | -23,256 | 401,661 | 9,165 | 130,934 | -106,567 | -95,643 | 321,412 | -401,535 | 345,194 | 70,752 |
Supplemental cash flow items: | ||||||||||
Cash paid for interest | ||||||||||
169,543 | 163,478 | 164,370 | 155,925 | 125,370 | 87,774 | 84,714 | 91,733 | 91,207 | 107,109 | 112,389 |
Cash paid for income taxes | ||||||||||
61,031 | 72,924 | 48,482 | 43,152 | 41,301 | 41,126 | 33,557 | 14,153 | 20,999 | 22,184 | 18,524 |