| 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 operating activities: | ||||||||||
Net income | ||||||||||
810,000 | 170,000 | 110,000 | 129,000 | -629,000 | -2,188,000 | 155,000 | 542,000 | -1,401,000 | -780,000 | -471,000 |
Items to reconcile net income and cash flows from operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
650,000 | 696,000 | 736,000 | 811,000 | 910,000 | 1,107,000 | 1,279,000 | 1,240,000 | 1,367,000 | 1,366,000 | 1,413,000 |
Interest and amortization of issuance costs on convertible bonds | ||||||||||
34,000 | 22,000 | 21,000 | 10,000 | - | - | - | - | - | - | - |
Amortization of discount on convertible debt | ||||||||||
- | - | - | - | - | - | - | - | - | 18,000 | 18,000 |
Other-than-temporary impairment charge and realized gains on financial assets | ||||||||||
- | - | - | - | - | - | -318,000 | - | 140,000 | 138,000 | 46,000 |
Loss on financial instruments, net | ||||||||||
-16,000 | - | - | -1,000 | - | 3,000 | 25,000 | -24,000 | -5,000 | 15,000 | - |
Gain on sale of businesses | ||||||||||
- | - | - | 22,000 | 80,000 | - | - | - | - | - | - |
Non-cash stock-based compensation | ||||||||||
61,000 | 38,000 | 38,000 | 36,000 | 26,000 | 11,000 | 29,000 | 34,000 | 37,000 | 76,000 | - |
Other non-cash items | ||||||||||
85,000 | 85,000 | 108,000 | 78,000 | 113,000 | 65,000 | 151,000 | 112,000 | 88,000 | 83,000 | 109,000 |
Deferred income tax | ||||||||||
60,000 | -34,000 | -93,000 | -143,000 | -48,000 | -80,000 | 47,000 | 120,000 | -24,000 | -69,000 | -148,000 |
(Income) loss on equity-method investments | ||||||||||
-2,000 | 7,000 | 2,000 | -43,000 | -122,000 | -24,000 | -28,000 | - | - | - | 14,000 |
Loss (income) on equity-method investments and (gain) on investment divestiture | ||||||||||
- | - | - | - | - | - | - | 245,000 | -337,000 | - | - |
Earnings (loss) on equity investments and gain on investment divestiture | ||||||||||
- | - | - | - | - | - | - | - | - | -553,000 | - |
Impairment, restructuring charges and other related closure costs, net of cash payments | ||||||||||
-6,000 | 34,000 | 20,000 | 4,000 | 145,000 | 1,303,000 | -79,000 | -38,000 | -4,000 | 371,000 | 1,173,000 |
Changes in assets and liabilities: | ||||||||||
Trade receivables, net | ||||||||||
206,000 | 121,000 | -81,000 | -119,000 | 57,000 | -35,000 | -184,000 | -139,000 | 300,000 | -565,000 | 2,000 |
Inventories | ||||||||||
94,000 | -63,000 | 39,000 | - | 22,000 | -191,000 | 59,000 | 252,000 | -553,000 | 299,000 | 24,000 |
Trade payables | ||||||||||
141,000 | 68,000 | -46,000 | -70,000 | -139,000 | 148,000 | -384,000 | 212,000 | -54,000 | -34,000 | 19,000 |
Other assets and liabilities, net | ||||||||||
-324,000 | -199,000 | -128,000 | 125,000 | -251,000 | -129,000 | -174,000 | -130,000 | -248,000 | 251,000 | 17,000 |
Net cash from operating activities | ||||||||||
1,707,000 | 1,043,000 | 846,000 | 715,000 | 366,000 | 612,000 | 880,000 | 1,794,000 | 816,000 | 1,722,000 | 2,188,000 |
Payment for purchase of tangible assets | ||||||||||
1,301,000 | 611,000 | 529,000 | 505,000 | 543,000 | 492,000 | 1,284,000 | 1,063,000 | 451,000 | 983,000 | 1,140,000 |
Proceeds from sale of tangible assets | ||||||||||
3,000 | 4,000 | 62,000 | 9,000 | 12,000 | 16,000 | 26,000 | 29,000 | - | - | - |
Payment for purchase of marketable securities | ||||||||||
99,000 | - | - | 333,000 | - | 450,000 | 352,000 | 1,100,000 | 1,730,000 | - | 708,000 |
Proceeds from sale of marketable securities | ||||||||||
- | - | - | 58,000 | 184,000 | 630,000 | 818,000 | 1,219,000 | 1,371,000 | 351,000 | 101,000 |
Proceeds from settlement of non-current marketable securities | ||||||||||
- | - | - | - | - | - | 350,000 | - | 75,000 | - | - |
Disposal of financial instrument | ||||||||||
- | - | - | - | - | - | - | - | 26,000 | - | - |
Investment in short-term deposits | ||||||||||
- | - | - | - | - | - | - | 62,000 | - | - | - |
Proceeds from matured short-term deposits | ||||||||||
- | - | - | - | - | - | 73,000 | - | - | - | 250,000 |
Restricted cash | ||||||||||
- | - | - | - | - | - | 95,000 | - | - | - | - |
Release of restricted cash | ||||||||||
- | - | - | - | -3,000 | -3,000 | -87,000 | -250,000 | - | - | 32,000 |
Net cash variation for joint ventures deconsolidation | ||||||||||
- | - | 1,000 | -9,000 | 21,000 | - | - | - | - | - | - |
Partial asset distribution from joint ventures in liquidation | ||||||||||
- | - | - | 15,000 | - | - | - | - | - | - | - |
Payment for funding of joint ventures liquidation | ||||||||||
- | - | - | - | 15,000 | - | - | - | - | - | - |
Payment for purchase of intangible assets | ||||||||||
71,000 | 42,000 | 36,000 | 58,000 | 78,000 | 56,000 | - | - | - | - | - |
Payment for purchase of financial assets | ||||||||||
- | - | - | 9,000 | 14,000 | 61,000 | - | - | - | - | - |
Payment for disposal of equity investment | ||||||||||
- | - | 13,000 | - | - | - | - | - | - | - | - |
Proceeds from sale of financial assets | ||||||||||
- | - | 1,000 | 1,000 | 1,000 | 15,000 | - | - | - | - | - |
Payment for business acquisitions, net of cash and cash equivalents acquired | ||||||||||
- | 78,000 | - | - | - | 1,000 | 10,000 | 11,000 | 18,000 | 1,694,000 | - |
Payment for purchase of intangible and financial assets | ||||||||||
- | - | - | - | - | - | 95,000 | 112,000 | 138,000 | 91,000 | 208,000 |
Proceeds from sale of intangible and financial assets | ||||||||||
- | - | - | - | - | - | - | 5,000 | - | - | - |
Net proceeds from sale of stock received on investment divestiture | ||||||||||
- | - | - | - | - | - | 195,000 | 319,000 | - | - | - |
Proceeds received in sale of businesses | ||||||||||
- | - | - | 29,000 | 92,000 | - | - | - | 1,155,000 | - | - |
Net cash used in investing activities | ||||||||||
-1,468,000 | -727,000 | -516,000 | -784,000 | -379,000 | -396,000 | -287,000 | -526,000 | 290,000 | -2,417,000 | -1,737,000 |
Proceeds from long-term debt | ||||||||||
7,000 | 13,000 | - | 3,000 | 477,000 | 464,000 | 3,000 | 1,000 | 1,000 | 663,000 | 102,000 |
Proceeds from short-term borrowings | ||||||||||
- | - | - | - | 145,000 | 390,000 | 333,000 | 75,000 | - | - | - |
Net proceeds from issuance of senior unsecured convertible bonds | ||||||||||
1,502,000 | - | - | 994,000 | - | - | - | - | - | - | - |
Repayment of long-term debt | ||||||||||
119,000 | 191,000 | 200,000 | 223,000 | 166,000 | 109,000 | 108,000 | 218,000 | 134,000 | 187,000 | 125,000 |
Repayment of issued debt | ||||||||||
1,000,000 | - | - | - | 455,000 | 219,000 | 422,000 | 508,000 | 103,000 | - | - |
Repayment of short-term borrowings | ||||||||||
- | - | - | - | 35,000 | 20,000 | 8,000 | - | - | - | - |
Decrease in short-term facilities | ||||||||||
- | - | - | - | - | -7,000 | 7,000 | - | -20,000 | 20,000 | - |
Capital increase | ||||||||||
- | - | - | 1,000 | - | - | - | - | - | - | 2,000 |
Repurchase of common stock | ||||||||||
297,000 | - | - | 156,000 | - | - | - | - | - | 313,000 | - |
Dividends paid to stockholders | ||||||||||
214,000 | 251,000 | 350,000 | 354,000 | 346,000 | 355,000 | 327,000 | 212,000 | 158,000 | 240,000 | 269,000 |
Dividends paid to noncontrolling interests | ||||||||||
6,000 | 6,000 | 6,000 | 3,000 | 4,000 | 5,000 | 5,000 | 7,000 | 5,000 | 10,000 | 6,000 |
Payment of withholding tax on vested shares | ||||||||||
9,000 | 3,000 | 4,000 | - | - | - | - | - | - | - | - |
Purchase of equity from noncontrolling interests | ||||||||||
- | - | - | - | - | - | - | - | 92,000 | - | - |
Other financing activities | ||||||||||
- | -1,000 | - | - | -4,000 | -4,000 | -2,000 | -7,000 | -2,000 | - | - |
Net cash used in financing activities | ||||||||||
-136,000 | -439,000 | -560,000 | 262,000 | -388,000 | 135,000 | -529,000 | -876,000 | -513,000 | -67,000 | -296,000 |
Effect of changes in exchange rates | ||||||||||
27,000 | -19,000 | -16,000 | -12,000 | -13,000 | -13,000 | -44,000 | -88,000 | -14,000 | -84,000 | 41,000 |
Net cash increase (decrease) | ||||||||||
130,000 | -142,000 | -246,000 | 181,000 | -414,000 | 338,000 | 20,000 | 304,000 | 579,000 | -846,000 | 196,000 |
Supplemental cash information: | ||||||||||
Interest paid | ||||||||||
12,000 | 13,000 | 15,000 | 11,000 | 10,000 | 26,000 | 17,000 | 15,000 | 34,000 | 63,000 | 52,000 |
Income tax paid | ||||||||||
52,000 | 42,000 | 41,000 | 30,000 | 23,000 | 51,000 | 83,000 | 23,000 | -141,000 | 154,000 | 133,000 |