| 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 of continuing operations: | |||||||||||
Net income | |||||||||||
461,466 | 200,802 | 152,530 | 237,841 | 245,713 | 188,751 | 151,748 | -189,102 | 324,967 | 202,455 | 314,011 | 154,602 |
Adjustments to reconcile net income to net cash (used in) provided by operating activities: | |||||||||||
Loss from discontinued operations | |||||||||||
-515 | 4,370 | -2,733 | 190 | 8,905 | -2,709 | -435 | -7,320 | 205,645 | 114,783 | 187,422 | 81,225 |
Depreciation expense | |||||||||||
64,088 | 60,494 | 56,497 | 54,415 | 46,013 | 50,207 | 42,368 | 36,204 | 40,336 | 41,225 | 47,226 | 50,309 |
Intangible asset amortization expense | |||||||||||
150,000 | 149,500 | 98,800 | 63,491 | 62,380 | 60,926 | 50,608 | 44,264 | 42,634 | 40,765 | 42,638 | 43,614 |
Deferred financing costs and debt discount amortization expense | |||||||||||
4,307 | 4,734 | 5,075 | 10,440 | 16,941 | 15,897 | 14,959 | 14,416 | 13,526 | 7,750 | 5,511 | 5,330 |
Loss on extinguishment of debt | |||||||||||
-8,822 | 0 | -5,593 | -19,261 | -10,454 | 0 | -1,250 | 0 | -15,413 | -46,630 | 0 | - |
Fair value step up of acquired inventory sold | |||||||||||
0 | 0 | 10,442 | 0 | 0 | - | - | - | - | - | - | - |
Changes in contingent consideration | |||||||||||
53,915 | 52,977 | 3,575 | - | - | - | - | - | - | - | - | - |
Impairment of long-lived assets | |||||||||||
6,966 | 19,110 | 0 | 2,356 | 0 | 0 | 3,460 | 0 | - | - | 3,314 | 8,088 |
In-process research and development impairment charge | |||||||||||
- | - | - | 41,000 | 0 | 0 | - | - | - | - | - | - |
Interest rate swap buyout | |||||||||||
- | - | - | - | - | - | - | - | 11,695 | - | - | - |
Gain on call options and warrants | |||||||||||
- | - | - | - | - | - | - | - | - | 407 | - | - |
Debt modification costs | |||||||||||
- | - | - | - | - | - | - | - | - | 2,843 | - | - |
Stock-based compensation | |||||||||||
26,940 | 22,438 | 19,407 | 16,871 | 14,467 | 12,227 | 11,871 | 8,623 | 4,532 | 8,521 | 7,776 | 7,483 |
Net gain on sales of businesses and assets | |||||||||||
6,077 | 1,388 | 0 | 4,367 | 408 | 0 | 0 | 332 | -582 | 341 | - | -296 |
Impairment of investments in affiliates | |||||||||||
- | - | - | - | - | - | - | - | 2,499 | - | - | - |
Goodwill impairment | |||||||||||
- | - | - | - | - | - | - | 332,128 | - | - | - | - |
Deferred income taxes, net | |||||||||||
-168,594 | -6,097 | -41,822 | -29,346 | -54,413 | -14,153 | -10,182 | -39,980 | -14,067 | -165 | 24,802 | -38,614 |
Payments for contingent consideration | |||||||||||
-26,092 | -2,100 | 0 | -6,445 | -4,576 | -7,418 | -12,642 | 263 | 274 | - | - | - |
Interest benefit on swaps designated as net investment hedges | |||||||||||
18,866 | 3,277 | 0 | - | - | - | - | - | - | - | - | - |
Other | |||||||||||
-5,800 | -13,426 | -18,469 | -13,311 | -20,775 | -8,968 | -1,319 | -3,776 | -2,701 | -24,195 | 283 | 12,817 |
Changes in assets and liabilities, net of effects of acquisitions and disposals: | |||||||||||
Accounts receivable | |||||||||||
59,793 | 23,412 | 11,039 | 11,029 | -398 | -9,394 | 1,294 | 2,932 | 43,561 | 50,088 | 4,325 | 831 |
Inventories | |||||||||||
53,170 | 37,198 | 22,363 | -6,408 | 8,371 | 15,531 | 8,931 | 1,970 | 33,819 | 21,421 | -5,467 | 18,520 |
Prepaid expenses and other assets | |||||||||||
31,023 | 10,351 | -547 | 3,613 | 3,027 | -1,422 | 5,926 | -9,595 | 8,473 | 7,865 | 874 | -5,769 |
Accounts payable, accrued expenses and other liabilities | |||||||||||
36,021 | 62,404 | 39,001 | 15,422 | -117 | 9,818 | 2,001 | 155 | -1,636 | -11,135 | -11,590 | 14,589 |
Income taxes receivable and payable, net | |||||||||||
-6,531 | -35,740 | 125,828 | 11,386 | 7,672 | -15,040 | -7,107 | -20,258 | -28,809 | 24,045 | -126,716 | 103,922 |
Net cash (used in) provided by operating activities from continuing operations | |||||||||||
437,068 | 435,086 | 426,301 | 410,590 | 303,446 | 290,241 | 231,299 | 194,618 | 94,357 | 143,834 | 120,101 | 59,193 |
Cash flows from investing activities of continuing operations: | |||||||||||
Expenditures for property, plant and equipment | |||||||||||
102,695 | 80,795 | 70,903 | 53,135 | 61,448 | 67,571 | 63,580 | 65,394 | 44,582 | 29,330 | 26,342 | 27,069 |
Payments for businesses and intangibles acquired, net of cash acquired | |||||||||||
3,462 | 121,025 | 1,768,284 | 14,040 | 93,808 | 45,777 | 309,008 | 369,444 | 24,623 | 82 | 537 | 410 |
Proceeds from sales of businesses and assets | |||||||||||
14,345 | 3,878 | 6,332 | 10,201 | 408 | 5,251 | 0 | 66,660 | 376,025 | 181,550 | 314,213 | 8,464 |
Net interest proceeds on swaps designated as net investment hedges | |||||||||||
18,331 | 1,548 | 0 | 0 | - | - | - | - | - | - | - | - |
Investments in affiliates | |||||||||||
- | - | - | - | - | 40 | 50 | 80 | 150 | - | - | -320 |
Net cash used in investing activities from continuing operations | |||||||||||
-73,481 | -196,394 | -1,832,855 | -56,974 | -154,848 | -108,137 | -372,638 | -368,258 | 306,670 | 152,138 | 287,334 | -19,335 |
Cash flows from financing activities of continuing operations: | |||||||||||
Proceeds from new borrowings | |||||||||||
275,000 | 35,000 | 2,463,500 | 671,700 | 288,100 | 250,000 | 680,000 | 0 | 515,000 | 490,000 | 10,018 | 92,897 |
Reduction in borrowings | |||||||||||
528,500 | 128,500 | 1,239,576 | 714,565 | 303,757 | 480,102 | 375,000 | 0 | 455,800 | 716,570 | 357,608 | 226,687 |
Debt extinguishment, issuance and amendment fees | |||||||||||
11,635 | 188 | 26,664 | 8,958 | 9,017 | 4,494 | 6,400 | 0 | 18,518 | 65,226 | 0 | 656 |
Net proceeds from share based compensation plans and the related tax impacts | |||||||||||
21,206 | 22,655 | 5,571 | 9,068 | 4,994 | 4,245 | 6,181 | 8,238 | 34,009 | 10,657 | 1,553 | 7,955 |
Decrease in notes payable and current borrowings | |||||||||||
- | - | - | - | - | - | - | -706 | -24,714 | 29,700 | -1,452 | -492 |
Payments to Noncontrolling Interests | |||||||||||
- | - | - | 464 | 1,343 | 1,094 | 736 | 0 | - | 1,148 | 407 | 739 |
Payments for acquisition of noncontrolling interest | |||||||||||
- | - | - | 9,231 | 0 | 0 | - | - | - | - | - | - |
Payments for contingent consideration | |||||||||||
112,079 | 73,235 | 335 | 7,282 | 8,028 | 0 | 16,958 | 17,596 | 5,947 | - | - | - |
Dividends paid | |||||||||||
62,828 | 62,165 | 61,237 | 58,960 | 56,532 | 56,258 | 55,917 | 55,589 | 55,136 | 54,312 | 54,022 | 53,047 |
Purchase of call options | |||||||||||
- | - | - | - | - | - | - | - | - | 88,000 | - | - |
Proceeds from sale of warrants | |||||||||||
- | - | - | - | - | - | - | - | - | 59,400 | - | - |
Net cash provided by (used in) financing activities from continuing operations | |||||||||||
-418,836 | -206,433 | 1,141,259 | -118,692 | -85,583 | -287,703 | 231,170 | -65,653 | -11,106 | -335,499 | -401,918 | -180,769 |
Cash flows from discontinued operations: | |||||||||||
Net cash (used in) provided by operating activities | |||||||||||
2,457 | 2,292 | -6,416 | -2,110 | -2,636 | -3,676 | -3,327 | -7,799 | 121 | 69,268 | 84,070 | 111,976 |
Net cash used in investing activities | |||||||||||
- | - | - | - | - | - | - | -2,351 | -2,875 | -4,336 | -6,133 | -20,116 |
Net cash used in financing activities from continuing operations | |||||||||||
- | - | - | - | - | - | - | - | - | -1,128 | -11,370 | -37,240 |
Net cash (used in) provided by discontinued operations | |||||||||||
2,457 | 2,292 | -6,416 | -2,110 | -2,636 | -3,676 | -3,327 | -10,150 | -2,754 | 63,804 | 66,567 | 54,620 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-3,286 | -10,948 | 61,480 | -27,391 | -25,249 | -19,473 | 8,441 | 2,394 | -11,531 | -4,130 | 8,946 | -7,776 |
Net increase (decrease) in cash and cash equivalents | |||||||||||
-56,078 | 23,603 | -210,231 | 205,423 | 35,130 | -128,748 | 94,945 | -247,049 | 375,636 | 20,147 | 81,030 | -94,067 |
Supplemental cash flow information: | |||||||||||
Cash interest paid | |||||||||||
- | - | - | 44,203 | 45,973 | 49,797 | 43,581 | 46,683 | 45,336 | 76,396 | 88,390 | 113,754 |
Income taxes paid, net of refunds | |||||||||||
- | - | - | 23,955 | 56,079 | 52,869 | 43,975 | 74,908 | 67,419 | 97,536 | 181,051 | 206,369 |
Property, plant and equipment additions due to build-to-suit lease transactions | |||||||||||
- | - | - | 0 | - | - | - | - | - | - | - | - |
Purchases of businesses and related costs | |||||||||||
- | - | - | 0 | 0 | - | - | - | - | - | - | - |
Settlement and exchange of convertible notes with common or treasury stock | |||||||||||
- | - | - | 35,286 | 133 | 43 | - | - | - | - | - | - |
Acquisition of treasury stock associated with settlement and exchange of convertible note hedge and warrant agreements | |||||||||||
- | - | - | 86,046 | 269 | 77 | - | - | - | - | - | - |