| 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 | |||||||||||||||||
228,000 | 228,000 | 208,000 | 226,000 | 225,000 | 229,000 | 166,000 | 226,000 | 218,000 | 222,000 | 304,000 | 264,000 | 283,000 | 280,000 | 273,000 | 0 | 0 | 0 |
Adjustments to reconcile net income to cash flows from operating activities | |||||||||||||||||
Debt issuance cost and discount amortization | |||||||||||||||||
- | - | - | - | - | - | - | 0 | 0 | 3,000 | - | 6,000 | 6,000 | 5,000 | 4,000 | 0 | 0 | 0 |
Depreciation and amortization | |||||||||||||||||
64,000 | 63,000 | 61,000 | 58,000 | 57,000 | 57,000 | 54,000 | 51,000 | 49,000 | 44,000 | 42,000 | 39,000 | 37,000 | 38,000 | 38,000 | 0 | 0 | 0 |
Deferred income taxes | |||||||||||||||||
- | - | - | - | - | - | -145,000 | -188,000 | -182,000 | -202,000 | -117,000 | 0 | 0 | 0 | - | - | - | - |
Equity income from unconsolidated affiliates, net of distributions | |||||||||||||||||
2,000 | 5,000 | 3,000 | 4,000 | 2,000 | 2,000 | 4,000 | -2,000 | 1,000 | 2,000 | 4,000 | -5,000 | -4,000 | -3,000 | -4,000 | 0 | 0 | 0 |
Distributions from equity affiliates | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 12,000 | - | 0 | 0 | 0 |
Pension contributions | |||||||||||||||||
13,000 | 12,000 | 10,000 | 10,000 | 9,000 | 15,000 | 16,000 | 409,000 | 411,000 | 412,000 | 412,000 | 18,000 | 10,000 | 4,000 | 2,000 | 0 | 0 | 0 |
Loss (gain) on pension and other postretirement plan remeasurements | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 68,000 | 50,000 | 50,000 | 50,000 | 42,000 | 0 | 0 | 0 |
Stock-based compensation expense | |||||||||||||||||
7,000 | 10,000 | 9,000 | 10,000 | 10,000 | 11,000 | 12,000 | 13,000 | 13,000 | 12,000 | 9,000 | 6,000 | 3,000 | 1,000 | 0 | 0 | 0 | 0 |
Other, net | |||||||||||||||||
0 | 0 | 2,000 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | - | - |
Change in assets and liabilities | |||||||||||||||||
Accounts receivable | |||||||||||||||||
-7,000 | 66,000 | 30,000 | 6,000 | -19,000 | -39,000 | 38,000 | 63,000 | 30,000 | 66,000 | 22,000 | 53,000 | 44,000 | 20,000 | 17,000 | 0 | 0 | 0 |
Inventories | |||||||||||||||||
26,000 | -7,000 | 10,000 | -8,000 | -8,000 | 24,000 | 4,000 | 17,000 | 34,000 | 26,000 | 35,000 | 35,000 | 4,000 | 4,000 | 4,000 | 0 | 0 | 0 |
Payables and accrued liabilities | |||||||||||||||||
10,000 | 9,000 | 37,000 | 20,000 | -17,000 | 19,000 | -2,000 | -31,000 | 11,000 | -63,000 | 0 | 62,000 | 6,000 | 65,000 | 5,000 | 0 | 0 | 0 |
Other assets and liabilities | |||||||||||||||||
41,000 | 27,000 | 27,000 | 66,000 | 70,000 | 30,000 | 35,000 | 1,000 | 25,000 | 52,000 | 64,000 | -47,000 | -51,000 | -35,000 | -38,000 | 0 | 0 | 0 |
Total cash provided by operating activities | |||||||||||||||||
345,000 | 299,000 | 325,000 | 353,000 | 346,000 | 385,000 | 320,000 | -106,000 | -92,000 | -198,000 | -130,000 | 282,000 | 290,000 | 359,000 | 311,000 | 0 | 0 | 0 |
Cash flows from investing activities | |||||||||||||||||
Additions to property, plant and equipment | |||||||||||||||||
117,000 | 109,000 | 108,000 | 115,000 | 111,000 | 106,000 | 93,000 | 76,000 | 71,000 | 73,000 | 68,000 | 77,000 | 79,000 | 70,000 | 66,000 | 0 | 0 | 0 |
Acquisitions, net of cash acquired | |||||||||||||||||
54,000 | 54,000 | 78,000 | 104,000 | 93,000 | 95,000 | 125,000 | 73,000 | 87,000 | 128,000 | 68,000 | 79,000 | 64,000 | 79,000 | 83,000 | 0 | 0 | 0 |
Other investing activities, net | |||||||||||||||||
3,000 | 4,000 | 2,000 | 1,000 | 3,000 | -6,000 | -5,000 | 0 | 0 | 0 | - | - | 0 | 0 | -1,000 | 0 | 0 | 0 |
Total cash used in investing activities | |||||||||||||||||
-174,000 | -167,000 | -188,000 | -220,000 | -207,000 | -195,000 | -213,000 | -143,000 | -150,000 | -199,000 | -135,000 | -156,000 | -143,000 | -149,000 | -148,000 | 0 | 0 | 0 |
Cash flows from financing activities | |||||||||||||||||
Net transfers from Ashland | |||||||||||||||||
- | - | - | - | - | - | - | - | - | - | -5,000 | 1,414,000 | 1,496,000 | 1,475,000 | 1,504,000 | 0 | 0 | 0 |
Proceeds from borrowings, net of issuance costs | |||||||||||||||||
1,720,000 | 650,000 | 750,000 | 877,000 | 371,000 | 360,000 | 304,000 | 565,000 | 490,000 | 439,000 | 470,000 | 1,447,000 | 1,447,000 | 1,447,000 | 1,372,000 | 0 | 0 | 0 |
Repayments on borrowings | |||||||||||||||||
1,072,000 | 633,000 | 734,000 | 796,000 | 230,000 | 205,000 | 108,000 | 42,000 | 22,000 | 15,000 | 90,000 | 724,000 | 720,000 | 716,000 | 637,000 | 0 | 0 | 0 |
Repurchases of common stock | |||||||||||||||||
- | - | - | - | - | - | 325,000 | 220,000 | 173,000 | 87,000 | 50,000 | 0 | 0 | 0 | - | - | - | - |
Payments for purchase of additional ownership in subsidiary | |||||||||||||||||
- | - | - | - | - | - | 15,000 | 15,000 | 15,000 | 15,000 | 0 | 0 | 0 | 0 | - | - | - | - |
Cash dividends paid | |||||||||||||||||
82,000 | 81,000 | 80,000 | 73,000 | 68,000 | 63,000 | 58,000 | 55,000 | 50,000 | 45,000 | 40,000 | 30,000 | 20,000 | 10,000 | 0 | 0 | 0 | 0 |
Other financing activities | |||||||||||||||||
-4,000 | -4,000 | -6,000 | -5,000 | -7,000 | -7,000 | -7,000 | -6,000 | -5,000 | -4,000 | 0 | 0 | 0 | 0 | - | - | - | - |
Total cash provided by (used in) financing activities | |||||||||||||||||
486,000 | -69,000 | -71,000 | -103,000 | -136,000 | -203,000 | -209,000 | 227,000 | 232,000 | 280,000 | 295,000 | 8,000 | -10,000 | 25,000 | 10,000 | 0 | 0 | 0 |
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash | |||||||||||||||||
-7,000 | 1,000 | -3,000 | 0 | -5,000 | -3,000 | -3,000 | -3,000 | 2,000 | -4,000 | -1,000 | -2,000 | -2,000 | 1,000 | -1,000 | 0 | 0 | 0 |
Increase (decrease) in cash, cash equivalents, and restricted cash | |||||||||||||||||
650,000 | 64,000 | 63,000 | 30,000 | -2,000 | -16,000 | -105,000 | -25,000 | -8,000 | -121,000 | 29,000 | 132,000 | 135,000 | 236,000 | 172,000 | 0 | 0 | 0 |