| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||||||
Net income | ||||||||||||
677,900 | 1,255,805 | 805,796 | 360,006 | -145,170 | 91,650 | 163,516 | 142,281 | 265,692 | 129,599 | -11,019 | 454,514 | 394,566 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
321,082 | 317,198 | 298,999 | 296,109 | 294,595 | 263,325 | 230,928 | 225,216 | 222,607 | 224,698 | 221,426 | 208,752 | 138,136 |
Asset impairment charges | ||||||||||||
- | - | - | 132,839 | 428,500 | 260,000 | 308 | 8,250 | - | 12,805 | - | - | - |
Unamortized bond premium | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | -3,350 |
Equity-based compensation | ||||||||||||
47,631 | 43,317 | 36,197 | 31,656 | 30,181 | 24,035 | 15,504 | 12,481 | 17,283 | 14,688 | 17,589 | 14,278 | 8,073 |
Deferred income taxes | ||||||||||||
51,721 | 61,827 | -135,899 | 53,846 | -99,323 | -25,042 | 30,737 | 54,528 | 34,436 | 46,097 | 92,596 | 31,306 | 12,665 |
Other adjustments | ||||||||||||
1,413 | -1,245 | 14,068 | 20,676 | 19,886 | 6,218 | -1,082 | -509 | 3,925 | -1,215 | -839 | -557 | -551 |
Noncontrolling interests | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 409 |
Changes in certain assets and liabilities: | ||||||||||||
Accounts receivable | ||||||||||||
-237,805 | 145,873 | 139,054 | 106,617 | -311,302 | 2,191 | 78,237 | -85,977 | 100,602 | 196,556 | -72,159 | -310,985 | -57,653 |
Inventories | ||||||||||||
-217,866 | 246,213 | 242,883 | 115,575 | -488,003 | -68,730 | 108,025 | -13,845 | 85,523 | 261,110 | -175,183 | 18,667 | 119,577 |
Other assets | ||||||||||||
-13,735 | 3,475 | -4,002 | -12,044 | 450 | -2,407 | -13,705 | 1,337 | -5,683 | 15,335 | -4,076 | 155,810 | 14,393 |
Accounts payable | ||||||||||||
-86,445 | 37,904 | 96,062 | 106,521 | -227,092 | -76,141 | 40,141 | -32,593 | 56,551 | 71,169 | -8,860 | -88,451 | -48,835 |
Income taxes receivable/payable | ||||||||||||
-12,095 | 26,471 | -33,889 | -13,921 | 12,706 | -22,086 | -12,494 | 21,644 | 26,242 | 99,276 | 1,611 | -21,765 | -10,684 |
Accrued expenses | ||||||||||||
-74,323 | 69,753 | 36,021 | 75,176 | -59,513 | 37,319 | 15,010 | -85,107 | 47,911 | 42,761 | -120,044 | 34,602 | 3,807 |
Net cash provided by operating activities | ||||||||||||
1,396,290 | 1,415,469 | 739,420 | 852,760 | 1,053,625 | 628,224 | 312,175 | 445,694 | 486,355 | 169,307 | 445,556 | 770,301 | 418,203 |
Investing activities: | ||||||||||||
Purchases of property, plant and equipment | ||||||||||||
451,945 | 239,390 | 164,935 | 198,160 | 114,501 | 111,785 | 186,843 | 223,525 | 167,007 | 133,394 | 330,052 | 412,497 | 395,198 |
Purchases of short-term investments | ||||||||||||
396,159 | 268,783 | - | - | - | - | - | - | - | - | - | - | - |
Proceeds from maturities of short-term investments | ||||||||||||
362,768 | 40,000 | - | - | - | - | 31,520 | 53,310 | -84,830 | - | - | - | - |
Acquisition of business, net of cash and restricted cash acquired | ||||||||||||
97,106 | 433,998 | 6,192 | 123,351 | 45,000 | 1,669,449 | - | - | - | - | - | 271,159 | 848,071 |
Purchases of securities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 20,373 | 3,584 |
Sales of securities | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 32,758 | - |
Investment in direct financing lease | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 27,967 | - | - |
Other investing activities | ||||||||||||
-5,756 | -6,907 | -32,022 | -8,618 | -16,874 | -33,967 | -2,478 | 21,386 | -16,000 | 15,684 | 15,926 | -2,037 | -224 |
Net cash used in investing activities | ||||||||||||
-576,686 | -895,264 | -139,105 | -312,893 | -142,627 | -1,747,267 | -152,845 | -191,601 | -235,837 | -149,078 | -373,945 | -669,234 | -1,246,629 |
Financing activities: | ||||||||||||
Issuance of current and long-term debt | ||||||||||||
1,573,962 | 445,607 | 620,041 | 473,903 | 207,930 | 1,822,096 | 423,965 | 1,049,969 | 10,103 | 556,553 | 1,268,435 | 2,845,900 | 3,157,053 |
Repayment of current and long-term debt | ||||||||||||
1,264,152 | 455,491 | 609,914 | 728,993 | 625,924 | 635,578 | 517,978 | 1,258,842 | 7,740 | 346,963 | 1,690,557 | 2,402,033 | 1,761,807 |
Distributions to noncontrolling investors, net | ||||||||||||
- | - | - | - | - | - | 17,860 | 37,959 | 27,389 | 5,348 | 5,000 | 5,000 | 10,000 |
Distributions to noncontrolling investors | ||||||||||||
- | - | - | - | - | - | 439 | 151 | 567 | - | - | - | - |
Dividends paid | ||||||||||||
200,300 | 168,900 | 145,600 | 135,767 | 127,569 | 105,379 | 94,812 | 87,633 | 81,882 | 64,969 | 68,672 | 71,288 | 55,642 |
Debt issuance cost | ||||||||||||
- | - | - | - | - | - | 6,195 | 13,901 | 6,969 | 6,707 | 13,972 | 7,544 | 17,857 |
Proceeds from exercise of stock options, including related tax effect | ||||||||||||
- | - | - | - | 10,781 | 32,307 | 37,508 | 3,662 | 13,396 | 14,014 | 420,930 | 18,422 | 29,446 |
Purchases of treasury stock | ||||||||||||
348,608 | 523,569 | 252,242 | 25,034 | - | - | - | - | - | - | - | 501,777 | 533,654 |
Other financing activities | ||||||||||||
-27,561 | -18,501 | -25,655 | -9,534 | -10,547 | -28,196 | - | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||||
-266,630 | -720,867 | -413,335 | -425,425 | -545,329 | 1,085,250 | -140,091 | -268,937 | -46,270 | 157,276 | -78,836 | -113,320 | 827,539 |
Decrease in cash, cash equivalents, and restricted cash | ||||||||||||
552,974 | -200,662 | 186,980 | 114,442 | 365,669 | -33,793 | 19,239 | -14,844 | 204,248 | 177,505 | -7,225 | -12,253 | -887 |
Supplemental disclosure information: | ||||||||||||
Cash paid for interest | ||||||||||||
134,550 | 124,034 | 135,381 | 150,679 | 160,190 | 114,310 | - | - | - | - | - | - | - |
Cash paid for income taxes, net | ||||||||||||
155,525 | 288,429 | 296,493 | 159,950 | -9,898 | 120,521 | - | - | - | - | - | - | - |