| 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 (loss) | ||||||||||||
54,400 | 113,700 | 128,700 | -175,500 | 149,000 | 319,500 | 220,900 | 103,600 | 40,700 | 362,500 | -397,300 | 75,700 | 619,200 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
49,600 | 59,700 | 66,500 | 96,700 | 132,400 | 165,500 | 152,300 | 153,000 | 126,600 | 104,800 | 93,400 | - | - |
(Gain) loss on disposition of discontinued operations | ||||||||||||
100 | 2,400 | 68,700 | 3,500 | 3,400 | 58,600 | 2,600 | 400 | - | - | - | - | - |
(Income) loss from discontinued operations net of tax | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 150,400 | 91,600 |
Deferred taxes | ||||||||||||
-17,600 | -9,100 | 37,600 | -137,600 | -2,600 | -17,800 | -2,300 | -25,200 | -2,000 | 108,000 | -131,900 | 9,000 | -2,400 |
Goodwill impairment | ||||||||||||
- | - | - | 176,000 | -11,300 | 0 | - | - | - | - | - | - | - |
Impairments | ||||||||||||
83,600 | 9,000 | 6,800 | 70,000 | 25,400 | 3,900 | - | - | - | - | - | 459,900 | - |
Discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | 574,000 | 9,100 | - | - |
Depreciation | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 62,900 | 52,300 |
Amortization | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 17,400 | 11,800 |
(Gain) loss on sale of assets | ||||||||||||
9,800 | 1,900 | 58,000 | 5,800 | 1,000 | -16,600 | -4,300 | 5,900 | 173,500 | 3,300 | 1,900 | 1,900 | 11,500 |
Loss on early extinguishment of debt | ||||||||||||
0 | -700 | -52,600 | -400 | -100 | - | -5,200 | -99,000 | -7,700 | -1,400 | - | - | 3,200 |
Accretion of debt | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 300 | 300 |
Stock-based compensation expense | ||||||||||||
43,100 | 36,700 | 38,500 | 37,800 | 38,500 | 46,500 | 43,900 | 29,100 | 23,400 | 34,900 | 31,800 | 58,200 | 64,900 |
Pension plan settlements | ||||||||||||
0 | 67,800 | 1,500 | 0 | - | - | - | - | - | - | - | - | - |
Inventory and other non-cash charges | ||||||||||||
-47,600 | -30,300 | -34,000 | -60,200 | -32,000 | -21,200 | -53,100 | -70,100 | -92,300 | -100,400 | -91,500 | - | - |
Excess tax benefit from stock-based compensation | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 8,900 | 22,900 |
Changes in operating assets and liabilities (net of effects of acquisitions and divestitures): | ||||||||||||
Trade receivables | ||||||||||||
-176,100 | 107,900 | 500 | -33,000 | -74,100 | 4,200 | 153,100 | -122,500 | 181,200 | 215,100 | -293,700 | -183,600 | 162,600 |
Inventories | ||||||||||||
-20,300 | 284,200 | 33,500 | -97,300 | 90,600 | 27,100 | 70,400 | 55,000 | 26,100 | 194,200 | -448,300 | 275,300 | 233,000 |
Trade accounts payable | ||||||||||||
-220,100 | 213,200 | 25,000 | -21,000 | 41,700 | 85,800 | 86,900 | -126,300 | 64,600 | 36,100 | -392,800 | -175,300 | 93,900 |
Income taxes payable / receivable | ||||||||||||
- | - | - | - | 16,100 | -68,300 | -80,700 | -144,800 | 80,600 | -143,600 | -63,100 | -2,600 | 7,000 |
Accrued compensation and benefits | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -46,200 | -4,400 |
Accrued warranties and product liability | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 13,100 | 13,300 |
Customer advances | ||||||||||||
- | - | - | - | - | - | -16,500 | 97,100 | 18,600 | -32,500 | - | -50,300 | 46,400 |
Other current assets | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -24,400 | - |
Other assets and liabilities | ||||||||||||
57,000 | 25,100 | 46,000 | -192,600 | 214,000 | 73,400 | 46,400 | 31,600 | 81,100 | 181,100 | 64,100 | 17,400 | 144,100 |
Foreign exchange and other operating activities, net | ||||||||||||
3,300 | -6,300 | -31,500 | -43,500 | 18,500 | 20,300 | -6,100 | 7,100 | 32,100 | -14,400 | 60,900 | - | - |
Net cash provided by (used in) operating activities | ||||||||||||
173,400 | 94,200 | 153,000 | 377,100 | 227,500 | 429,900 | 188,500 | 292,300 | 22,700 | -610,100 | -40,600 | 176,200 | 239,800 |
Investing Activities | ||||||||||||
Investing Activities | ||||||||||||
Capital expenditures | ||||||||||||
108,900 | 103,800 | 43,500 | 73,000 | 103,800 | 81,500 | 82,800 | 82,500 | 79,100 | 55,000 | 50,400 | 103,600 | 94,100 |
Acquisitions, net of cash acquired | ||||||||||||
- | - | - | 7,000 | 71,200 | 7,400 | 0 | - | 1,035,200 | 12,800 | 9,800 | 481,500 | 11,200 |
Proceeds from disposition of investments | ||||||||||||
30,700 | 19,300 | 783,200 | - | - | - | - | - | - | - | - | - | - |
Investments in derivative securities | ||||||||||||
- | - | - | - | - | - | - | - | - | 21,100 | 0 | - | - |
Proceeds from sale of capital assets | ||||||||||||
4,300 | 2,800 | 20,200 | 0 | 3,100 | 43,300 | 46,100 | 34,600 | 539,600 | 10,000 | 6,100 | 20,600 | 12,100 |
Other investments | ||||||||||||
- | - | - | - | - | 20,000 | 0 | 24,100 | 16,100 | 19,300 | - | - | - |
Investments in and advances to affiliates | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | - | 900 |
Proceeds (payments) from disposition of discontinued operations | ||||||||||||
177,700 | 2,500 | 775,700 | 3,500 | -200 | 162,200 | 700 | 3,500 | - | 1,002,000 | 0 | - | - |
Other investing activities, net | ||||||||||||
0 | 6,700 | 0 | 2,500 | 600 | 1,600 | 1,400 | 7,800 | 1,700 | 0 | 0 | - | - |
Net cash provided by (used in) investing activities | ||||||||||||
103,800 | -85,900 | 1,535,600 | -11,800 | -172,700 | 95,000 | -37,400 | -76,300 | -592,500 | 903,800 | -54,100 | -564,500 | -94,100 |
Financing Activities | ||||||||||||
Repayments of debt | ||||||||||||
1,660,500 | 1,150,100 | 1,594,100 | 1,286,300 | 1,397,800 | 1,801,800 | 571,800 | 1,533,000 | 447,800 | 365,500 | 685,000 | - | - |
Proceeds from issuance of debt | ||||||||||||
1,616,600 | 1,382,300 | 1,010,700 | 1,097,700 | 1,462,800 | 1,684,200 | 425,200 | 1,234,300 | 926,700 | 73,900 | 1,114,300 | - | - |
Payment of debt extinguishment costs | ||||||||||||
0 | 500 | 36,400 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from issuance of common stock, net | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 156,300 | - | - |
Principal repayments of long-term debt | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 200,000 |
Proceeds from Issuance of Long-term Debt | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 800,000 |
Excess tax benefit from stock-based compensation | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 8,900 | 22,900 |
Net borrowings (repayments) under revolving line of credit agreements | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 36,700 | -21,500 |
Payment of debt issuance costs | ||||||||||||
- | - | - | - | - | - | - | - | - | 7,800 | 17,200 | - | 10,700 |
Proceeds from (purchase of) noncontrolling interest, net | ||||||||||||
- | - | - | - | - | 78,600 | 228,100 | 3,500 | 6,300 | 12,900 | 1,700 | - | - |
Distributions to noncontrolling interest | ||||||||||||
- | - | - | - | - | - | 18,500 | 4,900 | 0 | 3,400 | 7,100 | 2,600 | - |
Share repurchases | ||||||||||||
7,400 | 427,500 | 924,900 | 82,700 | 50,800 | 171,200 | 31,400 | 0 | 0 | - | - | 395,500 | 166,600 |
Dividends paid | ||||||||||||
31,400 | 30,000 | 29,500 | 30,000 | 25,800 | 21,800 | 5,500 | 0 | 0 | - | - | - | - |
Proceeds from stock options exercised | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 10,400 |
Other financing activities, net | ||||||||||||
-21,000 | -19,100 | -32,300 | -8,900 | -17,400 | -26,700 | 10,000 | -16,200 | -22,000 | 0 | -800 | 1,300 | 2,300 |
Net cash provided by (used in) financing activities | ||||||||||||
-103,700 | -244,900 | -1,606,500 | -310,200 | -29,000 | -415,900 | -420,100 | -323,300 | 450,600 | -315,700 | 558,800 | -351,200 | 436,800 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | ||||||||||||
-5,500 | -21,400 | 46,100 | -19,700 | -37,500 | -38,900 | -900 | 11,200 | -900 | -2,000 | 27,000 | -43,200 | 54,700 |
Net Increase (Decrease) in Cash and Cash Equivalents | ||||||||||||
168,000 | -258,000 | 128,200 | 35,400 | -11,700 | 70,100 | -269,900 | -96,100 | -120,100 | -77,000 | 486,800 | -788,000 | 595,700 |
CASH FLOWS FROM DISCONTINUED OPERATIONS | ||||||||||||
Net cash (used in) provided by operating activities of discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | -53,100 | 2,900 | 10,100 | 121,600 |
Net cash provided by (used in) investing activities of discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | 100 | -7,000 | -14,800 | -157,400 |
Net cash used in financing activities of discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | 0 | -200 | -600 | -5,700 |
Net cash used in discontinued operations | ||||||||||||
- | - | - | - | - | - | - | - | - | -53,000 | -4,300 | -5,300 | -41,500 |