| 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 PROVIDED (USED) | |||||||||||
Operating Activities | |||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
374,700 | 305,500 | 202,300 | 140,800 | 188,600 | 170,800 | 262,700 | 495,500 | 454,300 | 274,800 | -134,000 | 267,700 |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | |||||||||||
- | - | - | - | - | 24,000 | 87,500 | 164,400 | - | 7,400 | -72,600 | -11,300 |
Net (loss) income attributable to noncontrolling interest | |||||||||||
- | - | - | 300 | 2,800 | 2,500 | 300 | 400 | 2,300 | 2,100 | -4,600 | 3,600 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
160,600 | 146,000 | 137,700 | 131,700 | 130,800 | 137,000 | 142,400 | 149,600 | 192,500 | 189,700 | 201,500 | 200,800 |
Asset Impairment Charges | |||||||||||
2,600 | 1,300 | 100 | 3,900 | 3,300 | 98,900 | 100 | 6,600 | 3,300 | 4,700 | 113,700 | 20,100 |
Loss on sale of assets | |||||||||||
3,600 | -300 | 2,100 | -1,600 | -11,800 | 20,200 | 1,100 | -5,200 | -600 | -6,500 | -6,800 | 15,200 |
Gain (Loss) on Disposition of Assets | |||||||||||
400 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Excess tax benefit related to stock-based compensation, Operating Activities | |||||||||||
- | - | - | - | - | 7,100 | 10,900 | 9,900 | 9,500 | - | - | - |
Gain (Loss) on Disposition of Business | |||||||||||
0 | -800 | 0 | 0 | 28,700 | 0 | 0 | - | - | - | - | - |
Deferred income tax provision | |||||||||||
-8,900 | -21,400 | -400 | -15,000 | -22,200 | -53,300 | -33,000 | 91,600 | 124,500 | 58,800 | 22,800 | 1,900 |
Stock-based compensation expense | |||||||||||
27,100 | 32,300 | 24,700 | 14,100 | 18,400 | 21,800 | 16,300 | 15,900 | 16,900 | 16,900 | 14,900 | 16,800 |
Pension and other postretirement expense | |||||||||||
2,200 | 20,700 | 28,900 | 84,000 | 95,300 | 62,000 | 55,100 | 63,500 | 74,900 | 93,100 | 96,700 | 84,700 |
Pension contributions and other postretirement benefit payments | |||||||||||
43,400 | 18,700 | 23,900 | 24,700 | 29,800 | 49,900 | 93,400 | 341,100 | 456,000 | 337,000 | 113,500 | 70,500 |
Operating Lease, Expense | |||||||||||
36,600 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Operating Lease, Payments | |||||||||||
35,600 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
-24,100 | 66,400 | 42,300 | -20,300 | -11,900 | 48,300 | 4,600 | -8,300 | 111,600 | 104,800 | -174,500 | -107,600 |
Increase (Decrease) in Unbilled Receivables | |||||||||||
12,600 | 21,800 | 0 | 0 | - | - | - | - | - | - | - | - |
Inventories | |||||||||||
-50,700 | 87,100 | 132,100 | -10,100 | -53,100 | 26,800 | -34,600 | -57,600 | 125,600 | 150,000 | -356,100 | 97,700 |
Accounts payable, trade | |||||||||||
19,900 | -20,200 | 70,700 | 12,200 | 11,600 | 8,000 | 900 | -36,000 | 14,900 | 105,400 | -84,400 | - |
Other accrued expenses | |||||||||||
-26,800 | 32,200 | 36,300 | -2,800 | -47,700 | 11,100 | -39,600 | -36,800 | 29,100 | 68,300 | -71,700 | - |
Income taxes | |||||||||||
-14,200 | 1,900 | -36,200 | 23,500 | -40,400 | -15,300 | 67,500 | 53,300 | 9,200 | 97,200 | -48,600 | 35,700 |
Accounts payable and accrued expenses | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -57,900 |
Other, net | |||||||||||
2,900 | -27,100 | 26,900 | -3,900 | -21,500 | -14,300 | 17,000 | -28,100 | 10,400 | 13,000 | 2,700 | 8,000 |
Net Cash Provided by (Used in) Operating Activities, Continuing Operations | |||||||||||
- | - | - | - | - | 281,500 | 292,800 | 387,400 | - | 305,300 | 600,100 | 500,900 |
Cash Provided by (Used in) Operating Activities, Discontinued Operations | |||||||||||
- | - | - | - | - | 25,500 | 137,200 | 236,700 | - | 7,400 | -12,400 | 76,700 |
Net Cash Provided by Operating Activities | |||||||||||
550,100 | 332,500 | 236,800 | 403,900 | 380,300 | 307,000 | 430,000 | 624,100 | 209,400 | 312,700 | 587,700 | 577,600 |
Investing Activities | |||||||||||
Capital expenditures | |||||||||||
140,600 | 112,600 | 104,700 | 137,500 | 105,600 | 126,800 | 133,600 | 118,300 | 205,300 | 115,800 | 114,100 | 258,100 |
Acquisitions, net of cash received | |||||||||||
226,500 | 765,400 | 346,800 | 72,600 | 213,300 | 21,700 | 64,200 | 20,700 | 292,100 | 22,600 | 400 | 86,000 |
Proceeds from disposal of property, plant and equipment | |||||||||||
6,300 | 1,500 | 7,100 | 1,500 | 9,800 | 18,500 | 7,100 | 1,800 | 5,700 | 1,900 | 2,600 | 36,400 |
Proceeds from Divestiture of Businesses, Net of Cash Divested | |||||||||||
0 | 14,000 | 0 | 0 | 46,200 | 7,400 | 0 | - | 4,800 | 0 | 303,600 | - |
Increase (Decrease) in Marketable Securities, Restricted | |||||||||||
- | - | - | - | - | -4,900 | -5,500 | -14,300 | 22,700 | - | - | - |
Payments to Acquire Marketable Securities | |||||||||||
4,200 | 2,800 | 3,600 | 2,600 | 1,800 | - | - | - | - | 15,000 | - | 0 |
Other | |||||||||||
-100 | -100 | 700 | -200 | 500 | 0 | -1,100 | -4,000 | -1,600 | 1,400 | -4,900 | -500 |
Net Cash Provided by (Used in) Investing Activities, Continuing Operations | |||||||||||
- | - | - | - | - | -117,700 | -184,100 | -118,900 | - | - | 196,600 | -307,200 |
Cash Provided by (Used in) Investing Activities, Discontinued Operations | |||||||||||
- | - | - | - | - | -77,000 | -191,900 | -178,800 | - | - | -2,400 | -13,500 |
Net Cash Used by Investing Activities | |||||||||||
-364,900 | -865,200 | -448,700 | -211,000 | -265,200 | -194,700 | -376,000 | -297,700 | -508,000 | -152,900 | 194,200 | -320,700 |
Financing Activities | |||||||||||
Cash dividends paid to shareholders | |||||||||||
84,900 | 85,700 | 83,300 | 81,600 | 87,000 | 90,300 | 87,500 | 89,000 | 76,000 | 51,300 | 43,200 | 67,500 |
Purchase of treasury shares | |||||||||||
62,700 | 98,500 | 43,400 | 101,000 | 309,700 | 270,900 | 189,200 | 112,300 | 43,800 | 29,200 | - | - |
Assets for Plan Benefits, Defined Benefit Plan | |||||||||||
27,500 | 12,800 | 32,900 | - | - | - | - | - | - | - | - | - |
Net proceeds from common share activity | |||||||||||
- | - | - | 4,300 | 4,100 | 16,800 | 13,100 | 13,800 | 16,600 | 50,400 | 900 | 16,900 |
Payment, Tax Withholding, Share-based Payment Arrangement | |||||||||||
15,400 | 5,400 | 11,400 | 1,900 | 4,000 | - | - | - | - | - | - | - |
Deferred financing costs | |||||||||||
1,900 | 1,200 | 1,200 | 0 | 2,000 | 3,200 | 0 | 0 | 3,000 | 0 | 10,800 | 0 |
Proceeds from Accounts Receivable Securitization | |||||||||||
25,000 | 152,000 | 56,700 | 50,000 | 116,000 | 90,000 | 0 | 0 | - | - | - | - |
Repayments of Accounts Receivable Securitization | |||||||||||
0 | 139,900 | 42,700 | 50,100 | 67,000 | 90,000 | 0 | 0 | - | - | - | - |
Excess tax benefits related to stock-based compensation, Financing Activities | |||||||||||
- | - | - | - | - | 7,100 | 10,900 | 9,900 | 9,500 | - | - | - |
Accounts receivable securitization financing borrowings | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 225,000 |
Accounts receivable securitization financing payments | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 225,000 |
Proceeds from Issuance of Long-term Debt | |||||||||||
662,800 | 1,391,100 | 927,800 | 340,500 | 265,700 | 346,200 | 1,900 | 0 | 9,500 | 18,200 | 255,000 | 810,400 |
Payments on long-term debt | |||||||||||
633,800 | 663,800 | 684,500 | 345,300 | 190,600 | 250,700 | 9,900 | 18,400 | 8,900 | 13,700 | 305,700 | 884,100 |
Short-term debt activity, net | |||||||||||
-17,000 | -6,700 | 19,900 | 7,200 | 6,000 | -9,800 | 4,800 | -7,700 | 1,000 | -3,800 | -74,200 | -21,600 |
Increase (Decrease) in Restricted Cash | |||||||||||
- | - | - | - | -14,800 | 0 | 0 | - | 3,600 | 0 | - | - |
Cash Transferred to TimkenSteel | |||||||||||
- | - | - | - | - | -46,500 | 0 | 0 | - | - | - | - |
Other | |||||||||||
-300 | -1,600 | -2,600 | 9,100 | 6,600 | -900 | 6,600 | 3,600 | -5,600 | -3,500 | - | 0 |
Net Cash Provided by (Used in) Financing Activities, Continuing Operations | |||||||||||
- | - | - | - | - | -302,200 | -249,300 | -200,100 | - | - | - | - |
Cash Provided by (Used in) Financing Activities, Discontinued Operations | |||||||||||
- | - | - | - | - | 100,000 | 0 | -8,500 | - | - | - | - |
Net Cash Used by Financing Activities | |||||||||||
-100,700 | 553,100 | 168,200 | -168,800 | -247,100 | -202,200 | -249,300 | -208,600 | -104,300 | -32,900 | -178,000 | -145,900 |
Effect of exchange rate changes on cash | |||||||||||
-1,400 | -12,700 | 17,600 | -2,400 | -17,200 | -15,900 | -6,500 | 3,800 | -9,400 | -5,300 | 18,200 | -20,500 |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | |||||||||||
83,100 | 7,700 | -26,100 | 21,700 | -149,200 | -105,800 | -201,800 | 121,600 | -412,300 | 121,600 | 622,100 | 90,500 |