| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||||||||||
Net income | |||||||||||||||||
63,000 | 73,000 | 27,000 | 65,000 | 63,000 | 53,000 | 45,000 | 64,000 | 67,000 | -10,000 | 105,000 | 56,000 | 71,000 | 72,000 | 65,000 | 75,000 | 68,000 | 65,000 |
Adjustments to reconcile net income to cash flows from operating activities | |||||||||||||||||
Debt issuance cost and discount amortization | |||||||||||||||||
- | - | - | - | - | - | - | 1,000 | 0 | 1,000 | - | 0 | 1,000 | 1,000 | 4,000 | 0 | 0 | 0 |
Depreciation and amortization | |||||||||||||||||
15,000 | 16,000 | 18,000 | 15,000 | 14,000 | 14,000 | 15,000 | 14,000 | 14,000 | 11,000 | 12,000 | 12,000 | 9,000 | 9,000 | 9,000 | 10,000 | 10,000 | 9,000 |
Deferred income taxes | |||||||||||||||||
- | - | - | - | - | - | -74,000 | -6,000 | 20,000 | -85,000 | -117,000 | 0 | 0 | 0 | - | - | - | - |
Equity income from unconsolidated affiliates, net of distributions | |||||||||||||||||
-1,000 | 2,000 | -1,000 | 2,000 | 2,000 | 0 | 0 | 0 | 2,000 | 2,000 | -6,000 | 3,000 | 3,000 | 4,000 | -15,000 | 4,000 | 4,000 | 3,000 |
Distributions from equity affiliates | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 4,000 | 3,000 | 0 | - | 3,000 | 4,000 | 4,000 |
Pension contributions | |||||||||||||||||
1,000 | 4,000 | 3,000 | 5,000 | 0 | 2,000 | 3,000 | 4,000 | 6,000 | 3,000 | 396,000 | 6,000 | 7,000 | 3,000 | 2,000 | -2,000 | 1,000 | 1,000 |
Loss (gain) on pension and other postretirement plan remeasurements | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 60,000 | 0 | 0 | 8,000 | 42,000 | 0 | 0 | 0 |
Stock-based compensation expense | |||||||||||||||||
-1,000 | 4,000 | 1,000 | 3,000 | 2,000 | 3,000 | 2,000 | 3,000 | 3,000 | 4,000 | 3,000 | 3,000 | 2,000 | 1,000 | 0 | 0 | 0 | 0 |
Other, net | |||||||||||||||||
-1,000 | -2,000 | 2,000 | 1,000 | -1,000 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Change in assets and liabilities | |||||||||||||||||
Accounts receivable | |||||||||||||||||
-37,000 | -7,000 | -18,000 | 55,000 | 36,000 | -43,000 | -42,000 | 30,000 | 16,000 | 34,000 | -17,000 | -3,000 | 52,000 | -10,000 | 14,000 | -12,000 | 28,000 | -13,000 |
Inventories | |||||||||||||||||
24,000 | -4,000 | -1,000 | 7,000 | -9,000 | 13,000 | -19,000 | 7,000 | 23,000 | -7,000 | -6,000 | 24,000 | 15,000 | 2,000 | -6,000 | -7,000 | 15,000 | 2,000 |
Payables and accrued liabilities | |||||||||||||||||
7,000 | -47,000 | 3,000 | 47,000 | 6,000 | -19,000 | -14,000 | 10,000 | 42,000 | -40,000 | -43,000 | 52,000 | -32,000 | 23,000 | 19,000 | -4,000 | 27,000 | -37,000 |
Other assets and liabilities | |||||||||||||||||
22,000 | -6,000 | 43,000 | -18,000 | 8,000 | -6,000 | 82,000 | -14,000 | -32,000 | -1,000 | 48,000 | 10,000 | -5,000 | 11,000 | -63,000 | 6,000 | 11,000 | 8,000 |
Total cash provided by operating activities | |||||||||||||||||
95,000 | 59,000 | 111,000 | 80,000 | 49,000 | 85,000 | 139,000 | 73,000 | 88,000 | 20,000 | -287,000 | 87,000 | -18,000 | 88,000 | 125,000 | 95,000 | 51,000 | 40,000 |
Cash flows from investing activities | |||||||||||||||||
Additions to property, plant and equipment | |||||||||||||||||
29,000 | 28,000 | 35,000 | 25,000 | 21,000 | 27,000 | 42,000 | 21,000 | 16,000 | 14,000 | 25,000 | 16,000 | 18,000 | 9,000 | 34,000 | 18,000 | 9,000 | 5,000 |
Acquisitions, net of cash acquired | |||||||||||||||||
5,000 | 6,000 | 28,000 | 15,000 | 5,000 | 30,000 | 54,000 | 4,000 | 7,000 | 60,000 | 2,000 | 18,000 | 48,000 | 0 | 13,000 | 3,000 | 63,000 | 4,000 |
Other investing activities, net | |||||||||||||||||
2,000 | 1,000 | 1,000 | -1,000 | 3,000 | -1,000 | 0 | 1,000 | -6,000 | 0 | - | - | 0 | 1,000 | -1,000 | 0 | 0 | 0 |
Total cash used in investing activities | |||||||||||||||||
-36,000 | -35,000 | -64,000 | -39,000 | -29,000 | -56,000 | -96,000 | -26,000 | -17,000 | -74,000 | -26,000 | -33,000 | -66,000 | -10,000 | -47,000 | -20,000 | -72,000 | -9,000 |
Cash flows from financing activities | |||||||||||||||||
Net transfers from Ashland | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | -7,000 | 0 | 2,000 | 1,419,000 | 75,000 | -21,000 | 31,000 |
Proceeds from borrowings, net of issuance costs | |||||||||||||||||
1,132,000 | 0 | 7,000 | 581,000 | 62,000 | 100,000 | 134,000 | 75,000 | 51,000 | 44,000 | 395,000 | 0 | 0 | 75,000 | 1,372,000 | 0 | 0 | 0 |
Repayments on borrowings | |||||||||||||||||
475,000 | 0 | 7,000 | 590,000 | 36,000 | 101,000 | 69,000 | 24,000 | 11,000 | 4,000 | 3,000 | 4,000 | 4,000 | 79,000 | 637,000 | 0 | 0 | 0 |
Repurchases of common stock | |||||||||||||||||
- | - | - | - | - | - | 105,000 | 97,000 | 86,000 | 37,000 | 0 | 50,000 | 0 | 0 | - | - | - | - |
Payments for purchase of additional ownership in subsidiary | |||||||||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | 15,000 | 0 | 0 | 0 | 0 | - | - | - | - |
Cash dividends paid | |||||||||||||||||
21,000 | 21,000 | 20,000 | 20,000 | 20,000 | 20,000 | 13,000 | 15,000 | 15,000 | 15,000 | 10,000 | 10,000 | 10,000 | 10,000 | 0 | 0 | 0 | 0 |
Other financing activities | |||||||||||||||||
-1,000 | -2,000 | -2,000 | 1,000 | -1,000 | -4,000 | -1,000 | -1,000 | -1,000 | -4,000 | 0 | 0 | 0 | 0 | - | - | - | - |
Total cash provided by (used in) financing activities | |||||||||||||||||
560,000 | -23,000 | -22,000 | -29,000 | 5,000 | -25,000 | -54,000 | -62,000 | -62,000 | -31,000 | 382,000 | -57,000 | -14,000 | -16,000 | 95,000 | -75,000 | 21,000 | -31,000 |
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash | |||||||||||||||||
-7,000 | 3,000 | -3,000 | 0 | 1,000 | -1,000 | 0 | -5,000 | 3,000 | -1,000 | 0 | 0 | -3,000 | 2,000 | -1,000 | 0 | 0 | 0 |
Increase (decrease) in cash, cash equivalents, and restricted cash | |||||||||||||||||
612,000 | 4,000 | 22,000 | 12,000 | 26,000 | 3,000 | -11,000 | -20,000 | 12,000 | -86,000 | 69,000 | -3,000 | -101,000 | 64,000 | 172,000 | 0 | 0 | 0 |