| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating | ||||||||||
Net Income (Loss) Attributable to Parent | ||||||||||
85,800 | 94,500 | 34,500 | 82,800 | 89,700 | 89,700 | 76,100 | 79,800 | 92,600 | 65,300 | 35,600 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | ||||||||||
0 | -300 | 100 | 0 | -800 | 0 | -2,400 | -24,300 | 500 | -7,600 | -24,000 |
Income from continuing operations | ||||||||||
85,800 | 94,800 | 34,400 | 82,800 | 90,500 | 89,700 | 78,500 | 104,100 | 92,100 | 72,900 | 59,600 |
Non-cash items included in net income: | ||||||||||
Depreciation and amortization | ||||||||||
57,700 | 61,600 | 59,500 | 44,500 | 41,000 | 45,100 | 37,300 | 38,500 | 42,100 | 39,600 | 43,900 |
Impairments | ||||||||||
1,100 | 200 | 4,600 | 21,300 | 6,700 | 0 | 37,200 | 20,200 | 6,800 | 2,700 | 12,100 |
Deferred income tax | ||||||||||
-3,400 | 7,500 | 1,600 | -13,500 | -6,700 | 3,300 | 17,300 | 13,100 | -13,900 | 25,400 | 22,000 |
Provision for losses on business tax credits | ||||||||||
- | - | - | - | - | - | - | - | 15,900 | 0 | - |
Valuation Allowance On Business Tax Credits | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Amortization of deferred revenue | ||||||||||
- | - | - | - | - | - | - | - | 6,000 | 7,200 | 5,100 |
Pension and other postretirement benefits | ||||||||||
2,600 | 2,800 | 3,800 | 3,800 | 4,200 | 1,200 | 1,100 | 1,000 | -6,500 | 2,100 | -20,600 |
Stock-based compensation | ||||||||||
7,700 | 4,800 | 7,100 | 5,800 | 3,500 | 5,900 | 3,200 | 6,900 | 3,800 | 7,700 | 8,200 |
Income (Loss) from Equity Method Investments | ||||||||||
4,100 | -11,300 | 2,500 | 4,800 | 6,600 | 2,000 | 3,800 | 4,000 | 4,700 | 3,200 | 1,100 |
Brazil tax assessment accruals, net | ||||||||||
10,900 | 0 | 0 | - | - | - | - | - | - | - | - |
Gain (Loss) on Disposition of Intangible Assets | ||||||||||
- | - | - | 1,800 | 4,300 | 0 | 0 | - | - | - | - |
Gain on sale of assets | ||||||||||
0 | 0 | 4,900 | 0 | 0 | - | - | - | - | - | - |
Excess tax deficit of stock-based awards | ||||||||||
- | - | - | -200 | 500 | 600 | 500 | 1,400 | 10,000 | 1,600 | 3,300 |
Long-term income tax payable | ||||||||||
600 | 12,000 | -36,700 | 0 | - | - | - | - | - | - | - |
Change in fair value of contingent consideration | ||||||||||
0 | -10,200 | 0 | 0 | - | - | - | - | - | - | - |
Cash dividends received from equity affiliates | ||||||||||
2,600 | 2,000 | 1,800 | 3,000 | 3,900 | 4,400 | 3,700 | 3,000 | 0 | - | - |
Other items | ||||||||||
1,800 | 400 | 700 | -600 | 100 | 800 | 1,000 | -100 | -3,100 | -3,400 | 1,200 |
Changes in operating working capital, net of assets acquired: | ||||||||||
Accounts receivable | ||||||||||
-10,800 | 18,300 | 900 | -3,100 | 18,000 | -13,300 | -4,400 | -14,300 | 25,800 | 15,800 | -1,800 |
Inventories | ||||||||||
11,200 | 4,900 | 6,400 | 6,900 | -1,300 | -14,900 | 1,000 | 6,100 | 5,900 | -10,000 | 10,200 |
Prepaid expenses | ||||||||||
200 | 100 | -800 | 500 | -1,100 | 600 | -100 | 1,000 | -400 | 100 | -1,200 |
Accounts payable | ||||||||||
-2,100 | 8,000 | 4,700 | -3,700 | 6,500 | 3,100 | -1,500 | -7,000 | -3,500 | 17,600 | -17,900 |
Accrued expenses and other current liabilities | ||||||||||
3,900 | -1,000 | -3,000 | 800 | 3,700 | -8,000 | 3,400 | -8,100 | 1,500 | -5,400 | 10,600 |
Accrued income taxes | ||||||||||
-3,000 | -8,000 | -7,100 | -3,800 | 18,200 | -4,100 | -4,600 | 4,700 | 8,200 | 22,500 | -24,900 |
Net changes in operating working capital | ||||||||||
1,800 | 24,300 | 11,900 | 11,000 | -12,800 | -18,600 | -800 | 3,200 | 25,100 | -28,800 | 39,400 |
Net cash provided by operating activities of: | ||||||||||
- Continuing operations | ||||||||||
160,300 | 138,900 | 130,900 | 129,700 | 144,600 | 166,400 | 175,800 | 178,100 | 91,400 | 163,800 | 77,500 |
- Discontinued operations | ||||||||||
0 | 200 | 100 | 0 | 100 | -500 | 2,300 | -3,500 | -9,900 | -22,700 | -14,100 |
Net cash provided by operations | ||||||||||
160,300 | 139,100 | 131,000 | 129,700 | 144,700 | 165,900 | 178,100 | 174,600 | 81,500 | 141,100 | 63,400 |
Investing | ||||||||||
Capital spending | ||||||||||
28,600 | 27,000 | 37,200 | 27,800 | 24,200 | 35,100 | 29,100 | 27,200 | 60,900 | 73,700 | 15,300 |
Capitalized software costs | ||||||||||
5,500 | 2,700 | 3,500 | 2,800 | 900 | 1,000 | 500 | 900 | 1,300 | 9,300 | 5,500 |
Acquisitions, net of cash acquired | ||||||||||
0 | 0 | 291,700 | 0 | 280,600 | 32,600 | 229,700 | 0 | 0 | - | - |
Proceeds from sale of assets | ||||||||||
14,700 | 0 | 7,000 | 0 | 0 | - | - | - | - | - | - |
Investment in equity affiliates | ||||||||||
- | - | - | - | - | 8,800 | 0 | 21,000 | 12,200 | 0 | 0 |
Other investing | ||||||||||
-4,600 | -2,200 | -6,900 | -8,200 | 8,000 | -3,000 | -5,600 | 2,600 | -2,300 | -1,800 | -600 |
Net cash used in investing | ||||||||||
-14,800 | -27,500 | -318,500 | -22,400 | -313,700 | -74,500 | -253,700 | -51,700 | -72,100 | -81,200 | -20,200 |
Financing | ||||||||||
Cash dividends paid to SWM stockholders | ||||||||||
54,400 | 53,200 | 51,900 | 49,400 | 46,900 | 44,500 | 39,500 | 14,100 | 10,100 | 10,800 | 9,600 |
Changes in short-term debt | ||||||||||
-100 | -1,300 | 1,500 | 0 | -400 | -400 | 0 | -1,900 | 2,300 | 3,300 | -23,800 |
Proceeds from issuances of long-term debt | ||||||||||
19,100 | 634,200 | 440,500 | 35,600 | 488,200 | 228,300 | 455,600 | 43,000 | 226,700 | 48,200 | 33,500 |
Payments on long-term debt | ||||||||||
99,500 | 694,000 | 208,800 | 171,000 | 338,700 | 170,600 | 228,100 | 31,800 | 128,500 | 56,300 | 132,200 |
Payments for debt issuance costs | ||||||||||
0 | 3,600 | 600 | 0 | 7,400 | 0 | 0 | - | - | - | - |
Net proceeds from issuances of common stock | ||||||||||
- | - | - | - | - | - | - | - | - | - | 117,400 |
Purchases of common stock | ||||||||||
900 | 3,000 | 1,200 | 700 | 2,900 | 52,500 | 1,700 | 50,000 | 120,900 | 19,000 | 800 |
Excess tax deficit of stock-based awards | ||||||||||
- | - | - | -200 | 500 | 600 | 500 | 1,400 | 10,000 | 1,600 | 3,300 |
Proceeds from exercise of stock options | ||||||||||
- | - | - | - | - | - | 500 | 2,800 | 2,200 | 2,200 | 13,300 |
Net cash provided by (used in) financing | ||||||||||
-135,800 | -120,900 | 179,500 | -185,700 | 92,400 | -39,100 | 187,300 | -50,600 | -18,300 | -30,800 | 1,100 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||||
-500 | -3,800 | 7,500 | -700 | -27,200 | -34,000 | 9,100 | 2,400 | -1,900 | 1,300 | 700 |
Increase (decrease) in cash and cash equivalents | ||||||||||
9,200 | -13,100 | -500 | -79,100 | -103,800 | 18,300 | 120,800 | 74,700 | -10,800 | 30,400 | 45,000 |