| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | ||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||
-220,000 | 111,000 | 265,000 | 415,000 | 295,000 | 267,000 | 222,000 | 304,000 | 183,000 | 63,000 | -54,000 |
Adjustments to reconcile net income (loss) to cash (used) provided by operating activities: | ||||||||||
Goodwill and Intangible Asset Impairment | ||||||||||
241,000 | 3,000 | 11,000 | 0 | - | - | - | 0 | 11,000 | - | - |
Depreciation, Depletion and Amortization | ||||||||||
673,000 | 345,000 | 226,000 | 213,000 | 203,000 | 208,000 | 205,000 | 205,000 | 207,000 | 216,000 | 221,000 |
Deferred income taxes | ||||||||||
-151,000 | -65,000 | -8,000 | -84,000 | -2,000 | -1,000 | 5,000 | -65,000 | -5,000 | 4,000 | -24,000 |
Stock-based compensation | ||||||||||
25,000 | 14,000 | 14,000 | 14,000 | 15,000 | 13,000 | 13,000 | 11,000 | 8,000 | 9,000 | 7,000 |
Restructuring charges and asset impairments, net of cash paid | ||||||||||
11,000 | 49,000 | 8,000 | -13,000 | - | - | - | - | - | - | - |
Change in pension and other postretirement benefit plans | ||||||||||
-57,000 | -8,000 | -15,000 | 47,000 | - | - | - | - | - | - | - |
Income (Loss) from Equity Method Investments | ||||||||||
43,000 | 18,000 | -1,000 | 0 | - | - | - | - | - | - | - |
Cash dividends received from nonconsolidated affiliates | ||||||||||
53,000 | 2,000 | 0 | 0 | - | - | - | - | - | - | - |
Loss (gain) on sale of assets | ||||||||||
- | - | - | -4,000 | -4,000 | -6,000 | -1,000 | -4,000 | -4,000 | -3,000 | -9,000 |
Changes in operating assets and liabilities: | ||||||||||
Receivables | ||||||||||
225,000 | 174,000 | 76,000 | 325,000 | 203,000 | 83,000 | 88,000 | 9,000 | 183,000 | 231,000 | 8,000 |
Inventories | ||||||||||
-284,000 | -27,000 | 94,000 | 55,000 | 36,000 | 74,000 | -3,000 | 72,000 | 64,000 | 122,000 | -101,000 |
Payables and accrued expenses | ||||||||||
-66,000 | 291,000 | 136,000 | 140,000 | - | - | - | - | - | - | - |
Accrued interest and income taxes | ||||||||||
3,000 | -19,000 | 1,000 | 13,000 | - | - | - | - | - | - | - |
Increase in prepayments and other current assets | ||||||||||
- | - | - | - | -37,000 | 81,000 | 53,000 | 21,000 | 13,000 | -20,000 | 55,000 |
(Decrease) increase in accounts payable | ||||||||||
- | - | - | - | 90,000 | 94,000 | 161,000 | 12,000 | 144,000 | 238,000 | -2,000 |
Accrued interest and accrued income taxes | ||||||||||
- | - | - | - | -1,000 | 0 | -10,000 | 7,000 | -7,000 | 12,000 | 10,000 |
Decrease in accrued interest | ||||||||||
- | - | - | - | 1,000 | -6,000 | 0 | -3,000 | 0 | -8,000 | -1,000 |
(Decrease) increase in other current liabilities | ||||||||||
- | - | - | - | -10,000 | 13,000 | 64,000 | 10,000 | -7,000 | 20,000 | 20,000 |
Changes in long-term assets | ||||||||||
- | - | - | - | -3,000 | -12,000 | -7,000 | -14,000 | -1,000 | -12,000 | -10,000 |
Changes in long-term liabilities | ||||||||||
- | - | - | - | 8,000 | -10,000 | -32,000 | -37,000 | -41,000 | 6,000 | 2,000 |
Other assets and liabilities | ||||||||||
84,000 | 119,000 | -48,000 | -5,000 | -11,000 | 17,000 | -5,000 | -5,000 | -7,000 | -2,000 | -5,000 |
Net cash (used) provided by operating activities | ||||||||||
444,000 | 439,000 | 517,000 | 374,000 | 415,000 | 341,000 | 503,000 | 365,000 | 245,000 | 244,000 | 241,000 |
Investing Activities | ||||||||||
Cash payments for net assets purchased | ||||||||||
- | - | - | - | - | 3,000 | 0 | 7,000 | 0 | - | - |
Other | ||||||||||
- | - | - | - | - | -2,000 | 5,000 | - | - | - | - |
Acquisitions, net of cash acquired | ||||||||||
158,000 | 2,194,000 | 0 | 0 | - | - | - | - | - | - | 1,000 |
Proceeds from sale of assets | ||||||||||
20,000 | 9,000 | 8,000 | 6,000 | 4,000 | 3,000 | 8,000 | 3,000 | 4,000 | 3,000 | 5,000 |
Net proceeds from sale of business | ||||||||||
22,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of investment in nonconsolidated affiliates | ||||||||||
2,000 | 0 | 9,000 | 0 | - | - | - | - | - | - | - |
Cash payments for property, plant, and equipment | ||||||||||
744,000 | 507,000 | 419,000 | 345,000 | 286,000 | 328,000 | 244,000 | 256,000 | 213,000 | 151,000 | 120,000 |
Cash payments for software related intangible assets | ||||||||||
- | - | - | - | 23,000 | 13,000 | 25,000 | 13,000 | 15,000 | 12,000 | 6,000 |
Proceeds from deferred purchase price of factored receivables | ||||||||||
250,000 | 174,000 | 112,000 | 110,000 | 113,000 | - | - | - | - | - | - |
Other | ||||||||||
-2,000 | -4,000 | 10,000 | 0 | - | - | - | 0 | 0 | -3,000 | -1,000 |
Net cash (used) provided by investing activities | ||||||||||
-606,000 | -2,514,000 | -300,000 | -229,000 | -192,000 | -339,000 | -266,000 | -273,000 | -224,000 | -157,000 | -119,000 |
Financing Activities | ||||||||||
Proceeds from term loans and notes | ||||||||||
200,000 | 3,426,000 | 160,000 | 529,000 | 1,000 | 570,000 | 0 | 250,000 | 5,000 | 880,000 | 6,000 |
Repayments of term loans and notes | ||||||||||
341,000 | 453,000 | 36,000 | 545,000 | 37,000 | 462,000 | 16,000 | 411,000 | 24,000 | 864,000 | 22,000 |
Debt issuance costs of long-term debt | ||||||||||
0 | 95,000 | 8,000 | 9,000 | 1,000 | 12,000 | 0 | 13,000 | 1,000 | 24,000 | 8,000 |
Borrowings on revolving lines of credit | ||||||||||
9,120,000 | 5,149,000 | 6,664,000 | 5,417,000 | - | - | - | - | - | - | - |
Payments on revolving lines of credit | ||||||||||
8,884,000 | 5,405,000 | 6,737,000 | 5,221,000 | - | - | - | - | - | - | - |
Issuance (repurchase) of common shares | ||||||||||
- | - | - | 13,000 | - | - | - | - | - | - | - |
Issuance of common stock | ||||||||||
- | - | - | - | - | 19,000 | 20,000 | 5,000 | 0 | - | 188,000 |
Repurchase of common shares | ||||||||||
2,000 | 1,000 | 1,000 | - | 213,000 | 22,000 | 27,000 | 18,000 | 16,000 | - | - |
Cash dividends | ||||||||||
20,000 | 59,000 | 53,000 | 0 | - | - | - | - | - | - | - |
Purchase of common stock under the share repurchase program | ||||||||||
0 | 0 | 169,000 | -225,000 | 1,000 | - | - | - | - | - | - |
Tax impact from stock-based compensation | ||||||||||
- | - | - | - | - | 26,000 | 24,000 | 0 | 0 | - | - |
Net increase (decrease) in bank overdrafts | ||||||||||
-13,000 | -5,000 | -7,000 | 10,000 | -22,000 | 6,000 | -6,000 | 5,000 | 3,000 | 2,000 | -23,000 |
Net (decrease) increase in revolver borrowings and short-term debt excluding current maturities of long-term debt and short-term borrowings secured by accounts receivable | ||||||||||
- | - | - | - | 102,000 | -70,000 | -22,000 | 67,000 | 30,000 | -10,000 | -218,000 |
Net increase in short-term borrowings secured by accounts receivable | ||||||||||
- | - | - | - | 30,000 | -10,000 | -40,000 | 50,000 | 0 | - | - |
Capital contribution from noncontrolling interest partner | ||||||||||
- | - | - | - | - | 5,000 | 0 | 5,000 | 1,000 | - | - |
Other | ||||||||||
-4,000 | -30,000 | 0 | 0 | - | - | - | - | - | - | - |
Acquisition of additional ownership interest in consolidated affiliates | ||||||||||
10,000 | 0 | 0 | - | - | - | 69,000 | 0 | 4,000 | - | - |
Distributions to noncontrolling interest partners | ||||||||||
43,000 | 51,000 | 64,000 | 55,000 | 44,000 | 30,000 | 39,000 | 29,000 | 20,000 | 14,000 | 10,000 |
Net cash (used) provided by financing activities | ||||||||||
3,000 | 2,476,000 | -251,000 | -86,000 | -183,000 | 20,000 | -175,000 | -89,000 | -26,000 | -30,000 | -87,000 |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||
23,000 | -17,000 | 3,000 | 2,000 | - | - | - | - | - | - | - |
Increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||
-136,000 | 384,000 | -31,000 | 61,000 | - | - | - | - | - | - | - |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||
- | - | - | - | -37,000 | -15,000 | -10,000 | 6,000 | -14,000 | 9,000 | 6,000 |
Decrease in cash, cash equivalents and restricted cash | ||||||||||
- | - | - | - | 3,000 | 7,000 | 52,000 | 9,000 | -19,000 | 66,000 | 41,000 |
Supplemental Cash Flow Information | ||||||||||
Cash paid during the period for interest | ||||||||||
284,000 | 143,000 | 78,000 | 76,000 | 68,000 | 93,000 | 79,000 | 100,000 | 106,000 | 149,000 | 131,000 |
Cash paid during the period for income taxes, net of refunds | ||||||||||
177,000 | 113,000 | 95,000 | 113,000 | 105,000 | 136,000 | 109,000 | 80,000 | 85,000 | 53,000 | 38,000 |
Non-cash Investing Activities | ||||||||||
Period end balance of accounts payable for property, plant, and equipment | ||||||||||
134,000 | 135,000 | 59,000 | 68,000 | 50,000 | 41,000 | 52,000 | 42,000 | 35,000 | 29,000 | 26,000 |
Deferred purchase price of receivables factored in the period | ||||||||||
253,000 | 154,000 | 114,000 | 109,000 | - | - | - | - | - | - | - |
Stock issued for acquisition of Federal-Mogul | ||||||||||
0 | 1,236,000 | 0 | 0 | - | - | - | - | - | - | - |
Stock transferred for acquisition of Federal-Mogul | ||||||||||
0 | 1,236,000 | 0 | 0 | - | - | - | - | - | - | - |
Redeemable noncontrolling interest transaction with owner | ||||||||||
53,000 | 0 | 0 | - | - | - | - | - | - | - | - |