| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities: | |||||||||||
Net income (loss) | |||||||||||
12,400 | 155,900 | -265,400 | 223,600 | 185,800 | 214,400 | 274,200 | 193,000 | 218,300 | 225,600 | 175,100 | 161,400 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
55,200 | 58,200 | 60,500 | 57,500 | 62,400 | 63,700 | 54,800 | 49,600 | 49,800 | 49,700 | 51,700 | 60,600 |
Foreign Currency Transaction Gain (Loss), Unrealized | |||||||||||
500 | 600 | 200 | -400 | -7,200 | -29,200 | -2,500 | 0 | 0 | -2,200 | -3,900 | 0 |
Equity compensation | |||||||||||
10,400 | 14,500 | 22,600 | 20,000 | 20,000 | 18,900 | 19,500 | 20,100 | 18,000 | 14,800 | 13,200 | 8,500 |
Amortization of deferred debt costs | |||||||||||
700 | 600 | 600 | 600 | 800 | 600 | 700 | 1,000 | 1,400 | 700 | 1,200 | 1,000 |
Premium on senior notes | |||||||||||
- | - | - | - | - | - | 6,300 | 0 | 0 | - | - | - |
Interest rate swap impairment | |||||||||||
- | - | - | - | - | - | - | - | 18,900 | 0 | 0 | - |
Gain (Loss) on Disposition of Other Assets | |||||||||||
13,400 | 18,800 | 8,700 | 25,800 | 13,100 | 2,500 | 300 | 7,900 | 3,000 | 200 | 21,900 | -24,900 |
Provision for bad debts | |||||||||||
28,600 | 20,400 | 16,800 | 11,100 | 12,800 | 13,500 | 11,800 | 10,900 | 11,500 | 11,100 | 7,900 | 9,100 |
Write-down of inventories | |||||||||||
12,400 | 7,500 | 8,300 | 10,800 | 14,300 | 17,800 | 13,300 | 13,600 | 11,200 | 18,700 | 16,200 | 13,800 |
Non-cash impact of re-engineering and impairment costs | |||||||||||
40,000 | 1,300 | 69,100 | 0 | 13,500 | 1,600 | 0 | 93,300 | 36,500 | 4,400 | 30,200 | - |
Restructuring Costs and Asset Impairment Charges | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 10,100 |
Increase (Decrease) in Deferred Income Taxes | |||||||||||
-19,100 | -59,800 | -307,700 | 32,900 | 45,200 | 59,900 | 29,600 | 30,300 | 8,800 | -8,700 | 16,300 | -19,800 |
Excess tax benefits from share-based payment arrangements | |||||||||||
- | - | - | 600 | 6,000 | 6,300 | 14,500 | 13,500 | 9,000 | 7,000 | 14,700 | -8,200 |
Changes in assets and liabilities: | |||||||||||
Accounts and notes receivable | |||||||||||
-9,300 | 33,800 | 33,700 | -900 | 10,700 | 28,200 | 16,800 | 21,000 | 1,700 | 18,000 | 23,000 | -11,900 |
Inventories | |||||||||||
1,600 | 25,800 | 18,800 | 2,800 | 8,200 | 39,500 | 33,200 | 23,300 | 49,500 | 28,900 | -4,200 | -51,300 |
Non-trade amounts receivable | |||||||||||
3,400 | -1,000 | 800 | -1,200 | 1,600 | -1,400 | 2,500 | -1,100 | 4,200 | 2,300 | 7,900 | 2,200 |
Prepaid expenses | |||||||||||
500 | -1,100 | -2,500 | 900 | 8,000 | 2,800 | -3,200 | 800 | 1,800 | -2,900 | -1,100 | 5,200 |
Other assets | |||||||||||
7,600 | -1,100 | 4,700 | -400 | -4,700 | 1,100 | -2,800 | 6,400 | 2,000 | 3,100 | -2,200 | 900 |
Accounts payable and accrued liabilities | |||||||||||
-28,600 | -43,800 | 44,100 | -22,200 | 11,400 | 25,500 | 15,700 | 10,600 | -12,100 | 37,300 | 21,800 | 600 |
Income taxes payable | |||||||||||
-34,800 | -69,100 | 14,300 | -6,000 | -2,500 | 24,900 | 7,800 | 3,800 | -8,900 | -15,300 | -6,900 | -10,200 |
Other liabilities | |||||||||||
-8,200 | -400 | 3,100 | 4,600 | 5,100 | 8,400 | 4,600 | 2,700 | 1,100 | 3,700 | 200 | -4,400 |
Proceeds from insurance recoveries, net of costs | |||||||||||
- | - | - | - | - | - | - | 200 | 3,000 | 0 | 0 | 19,500 |
Net cash impact from hedging activity | |||||||||||
2,300 | -2,900 | -100 | 2,700 | 17,000 | -4,600 | -3,200 | -2,100 | -6,100 | 5,900 | -12,700 | -30,800 |
Other | |||||||||||
-200 | 0 | 0 | 200 | 0 | 100 | 0 | 100 | 100 | -400 | 0 | -400 |
Net cash used in operating activities | |||||||||||
87,400 | 132,000 | 217,400 | 237,000 | 225,700 | 284,100 | 323,500 | 298,700 | 274,700 | 299,500 | 250,900 | 131,000 |
Investing Activities: | |||||||||||
Capital expenditures | |||||||||||
61,000 | 75,400 | 72,300 | 61,600 | 61,100 | 69,400 | 69,000 | 75,600 | 73,900 | 56,100 | 46,400 | 54,400 |
Proceeds from disposal of property, plant and equipment | |||||||||||
34,000 | 40,700 | 14,700 | 35,900 | 18,000 | 7,100 | 8,900 | 10,800 | 5,000 | 10,000 | 8,800 | 6,500 |
Proceeds from insurance recoveries | |||||||||||
- | - | - | - | - | - | - | - | - | - | 10,700 | 8,800 |
Net cash used in investing activities | |||||||||||
-27,000 | -34,700 | -57,600 | -25,700 | -43,100 | -62,300 | -60,100 | -64,800 | -68,900 | -46,100 | -26,900 | -39,100 |
Financing Activities: | |||||||||||
Dividend payments to shareholders | |||||||||||
74,300 | 137,800 | 139,500 | 138,800 | 138,000 | 135,500 | 116,800 | 77,600 | 73,800 | 63,200 | 55,000 | 54,400 |
Proceeds from Issuance of Senior Long-term Debt | |||||||||||
- | - | - | - | - | - | 200,000 | 0 | 393,300 | 0 | 0 | - |
Proceeds from exercise of stock options | |||||||||||
0 | 300 | 11,800 | 800 | 16,100 | 15,700 | 21,000 | 12,900 | 16,100 | 16,800 | 39,400 | 24,600 |
Proceeds from payments of subscriptions receivable | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 1,800 |
Repurchase of common stock | |||||||||||
900 | 101,700 | 2,500 | 1,700 | 1,500 | 92,300 | 379,400 | 205,000 | 428,600 | 62,500 | 83,200 | 22,700 |
Repayment of finance lease obligations | |||||||||||
1,600 | 1,900 | 2,000 | 2,200 | 2,600 | 3,000 | 2,500 | 2,300 | 407,400 | 2,200 | 141,800 | 21,500 |
Net increase in short-term debt | |||||||||||
-6,200 | 162,100 | 15,600 | -52,000 | -36,400 | -2,200 | 27,800 | 6,000 | 193,500 | 200 | -1,900 | -2,500 |
Payments of Debt Issuance Costs | |||||||||||
2,300 | 0 | 0 | - | 700 | 0 | 2,200 | 0 | 3,000 | 0 | 0 | - |
Excess tax benefits from share-based payment arrangements | |||||||||||
- | - | - | 600 | 6,000 | 6,300 | 14,500 | 13,500 | 9,000 | 7,000 | 14,700 | 8,200 |
Net cash provided by financing activities | |||||||||||
-85,300 | -79,000 | -116,600 | -193,300 | -157,100 | -211,000 | -237,600 | -252,500 | -300,900 | -103,900 | -227,800 | -66,500 |
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | |||||||||||
-900 | -13,600 | 8,000 | -4,700 | -22,700 | -61,100 | -18,300 | 200 | -15,400 | -13,200 | -8,600 | -3,300 |
Net change in cash, cash equivalents and restricted cash | |||||||||||
-25,800 | 4,700 | 51,200 | 13,300 | 2,800 | -50,300 | 7,500 | -18,400 | -110,500 | 136,300 | -12,400 | 22,100 |