| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net earnings | |||||||||||
82,047 | 157,360 | 89,600 | 126,256 | 106,785 | 73,646 | 113,295 | 123,908 | 120,484 | 107,144 | 86,561 | 90,861 |
Adjustments to arrive at net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
55,015 | 53,244 | 48,518 | 47,019 | 47,939 | 51,456 | 52,016 | 48,352 | 46,099 | 43,423 | 42,183 | 44,445 |
Share-based compensation | |||||||||||
-739 | 503 | 5,855 | 7,709 | 1,598 | 6,265 | 8,430 | 10,086 | 7,819 | 5,678 | 3,860 | 3,798 |
Net loss (gain) on assets | |||||||||||
1,122 | -63 | -2,552 | -9,755 | -13,190 | -70,745 | -695 | 869 | 4,323 | -1,382 | -1,819 | -1,358 |
Loss on divestitures | |||||||||||
-44,375 | 0 | -33,160 | 0 | 0 | - | - | - | - | - | - | - |
Cash flow amount before tax of reclassification adjustment from accumulated other comprehensive income for translation gain (loss) realized upon the sale or liquidation of an investment in a foreign entity and foreign currency hedges that are designated and qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation. | |||||||||||
- | - | - | -3,257 | 0 | 0 | - | - | - | - | - | - |
Deferred income taxes | |||||||||||
-19,340 | 9,844 | 17,414 | -10,428 | 4,452 | 16,780 | 6,178 | -2,916 | 3,138 | -8,685 | 3,895 | 3,329 |
Changes in operating assets and liabilities: | |||||||||||
Trade accounts receivable | |||||||||||
-10,930 | 96,638 | 130,835 | 4,270 | 21,721 | 10,582 | -3,466 | 15,158 | 5,095 | 20,229 | -5,013 | 16,908 |
Inventories | |||||||||||
-25,238 | 34,114 | 47,345 | 20,064 | -3,041 | -64 | 30,217 | 23,125 | 28,391 | 4,191 | -1,190 | 40,591 |
Prepaid expenses and other assets | |||||||||||
-3,257 | 12,544 | -14,072 | 4,096 | -2,698 | -6,479 | -616 | 9,405 | 1,825 | -9,370 | 14,602 | 672 |
Accounts payable and other accrued expenses | |||||||||||
-18,251 | 7,457 | 4,804 | 2,332 | -8,792 | 6,745 | 3,606 | 225 | 6,299 | -7,757 | 14,058 | -2,216 |
Accrued salaries, wages and withholdings from employees | |||||||||||
-3,039 | 599 | -4,361 | 3,347 | -2,851 | -365 | 5,384 | -1,209 | 3,075 | 5,053 | -1,557 | 2,084 |
Income taxes | |||||||||||
-1,836 | -7,335 | 2,846 | 5,959 | -5,520 | 7,047 | -100 | -1,689 | -3,148 | -2,699 | -965 | -1,939 |
Other liabilities | |||||||||||
647 | 5,081 | 27 | 2,521 | -3,868 | -5,532 | 2,540 | 5,334 | 5,021 | 4,468 | 2,741 | -453 |
Net cash provided by operating activities | |||||||||||
177,182 | 83,520 | 36,307 | 183,639 | 128,047 | 189,188 | 153,553 | 139,366 | 142,877 | 155,725 | 138,336 | 86,974 |
Cash flows from investing activities: | |||||||||||
Acquisition of property, plant, and equipment | |||||||||||
39,100 | 50,740 | 56,344 | 81,216 | 79,941 | 79,398 | 104,246 | 103,806 | 72,200 | 55,823 | 47,716 | 53,680 |
Cash receipts on sold receivables | |||||||||||
0 | 91,142 | 141,465 | 35,414 | - | - | - | - | - | - | - | - |
Proceeds from sale of assets | |||||||||||
2,242 | 2,615 | 10,485 | 6,254 | 12,912 | 1,029 | 6,225 | 1,364 | 2,076 | 172 | 109 | 2,064 |
Proceeds from divesture of business | |||||||||||
0 | 0 | 12,457 | 0 | 0 | - | - | - | - | - | - | - |
Acquisition of new businesses | |||||||||||
0 | 31,100 | 0 | 0 | 8,393 | 0 | 0 | - | 3,706 | 0 | 0 | - |
Other investing activities | |||||||||||
553 | -2,916 | -2,319 | -3,184 | 372 | 780 | 208 | 242 | 207 | -528 | 440 | -1,661 |
Net cash used in investing activities | |||||||||||
-37,411 | 14,833 | 110,382 | -36,364 | -75,794 | -79,149 | -98,229 | -102,684 | -74,037 | -55,123 | -48,047 | -49,955 |
Cash flows from financing activities: | |||||||||||
Proceeds from additional borrowings | |||||||||||
47,083 | 322,529 | 231,174 | 222,562 | 331,277 | 213,985 | 194,973 | 73,903 | 184,074 | 139,344 | 222,553 | 112,514 |
Debt payments | |||||||||||
134,449 | 284,332 | 239,950 | 247,092 | 156,662 | 128,186 | 198,686 | 58,052 | 198,259 | 211,935 | 277,064 | 134,135 |
Purchase of treasury stock | |||||||||||
0 | 76,734 | 87,217 | 50,100 | 176,566 | 137,192 | 0 | 23,154 | 0 | 0 | - | - |
Dividends paid | |||||||||||
62,190 | 57,410 | 54,038 | 49,635 | 48,110 | 47,893 | 45,513 | 43,426 | 41,968 | 39,013 | 37,042 | 35,597 |
Other financing activities | |||||||||||
-1,027 | -2,777 | -3,383 | -3,706 | -73 | - | 1,007 | 1,957 | 3,205 | 14,063 | 11,185 | - |
Proceeds from options exercised and other equity transactions | |||||||||||
- | - | - | - | - | 733 | - | - | - | - | - | 18,862 |
Net cash used in financing activities | |||||||||||
-150,583 | -98,724 | -153,414 | -127,971 | -50,134 | -98,553 | -48,219 | -48,772 | -52,948 | -97,541 | -80,368 | -38,356 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
64 | 2,928 | 10,204 | -5,436 | -10,451 | -10,993 | -2,331 | 4,297 | -7,292 | -1,025 | -6,200 | -687 |
Net increase in cash and cash equivalents | |||||||||||
-10,748 | 2,557 | 3,479 | 13,868 | -8,332 | 493 | 4,774 | -7,793 | 8,600 | 2,036 | 3,721 | -2,024 |
Cash paid during the year for: | |||||||||||
Interest | |||||||||||
20,130 | 21,567 | 19,523 | 18,474 | 16,839 | 16,158 | 16,168 | 16,897 | 19,642 | 19,932 | 26,982 | 31,975 |
Income taxes | |||||||||||
40,139 | 24,089 | 29,261 | 29,217 | 46,281 | 42,335 | 47,436 | 53,492 | 55,570 | 32,668 | 36,801 | 28,424 |
Capitalized interest | |||||||||||
540 | 604 | 486 | 1,061 | 944 | 1,449 | 1,875 | 1,601 | 1,240 | 810 | 840 | 1,999 |