| 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), Including Portion Attributable to Noncontrolling Interest | |||||||||||
259,400 | 414,400 | 422,900 | 247,300 | 286,000 | 301,200 | 661,900 | 312,500 | 368,200 | -214,200 | 23,900 | 215,800 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
Depreciation | |||||||||||
95,100 | 95,800 | 84,800 | 76,000 | 77,500 | 81,700 | 74,600 | 65,600 | 66,400 | 66,300 | 69,000 | 71,800 |
Change in fair value of non-marketable equity securities | |||||||||||
-2,200 | 5,500 | 0 | 0 | - | - | - | - | - | - | - | - |
Amortization of intangibles | |||||||||||
28,500 | 28,900 | 22,300 | 22,000 | 19,200 | 19,900 | 10,600 | 11,300 | 11,800 | 17,000 | 20,600 | 24,700 |
Fair value adjustment of the noncontrolling interest prior to taking control | |||||||||||
- | - | - | - | - | - | - | - | - | - | 11,500 | - |
Equity in earnings of unconsolidated joint ventures, net of dividends received | |||||||||||
-300 | 1,000 | -800 | -3,900 | 4,700 | 200 | -600 | 3,000 | 2,100 | 1,500 | -3,100 | 600 |
Share-based Payment Arrangement, Noncash Expense | |||||||||||
9,200 | 20,000 | 16,400 | 13,100 | 12,000 | 15,500 | 13,600 | 14,300 | 13,700 | 13,000 | 12,700 | 8,800 |
Gain on divestitures | |||||||||||
- | - | - | - | - | - | - | - | - | - | -800 | - |
Non-cash interest expense and debt issuance cost amortization | |||||||||||
9,900 | 15,400 | 23,100 | 17,700 | 7,800 | 0 | 0 | - | 23,100 | 0 | 41,300 | - |
Deferred income tax benefit | |||||||||||
-19,400 | -23,600 | -48,200 | 68,300 | -11,700 | 4,500 | -64,600 | -2,900 | 1,900 | -2,600 | -21,000 | 4,900 |
Impairment of property, plant and equipment | |||||||||||
- | - | - | - | 8,100 | 800 | 0 | - | - | - | - | - |
Equity Method Investment, Gain (Loss) On Remeasurement | |||||||||||
0 | 0 | 247,700 | 0 | 0 | - | - | - | - | - | - | - |
Pension and post-retirement benefit expense | |||||||||||
64,700 | 62,200 | 57,500 | 44,200 | 43,100 | 32,600 | 31,900 | - | - | - | - | - |
Foreign currency effects on changes in monetary assets/liabilities | |||||||||||
-300 | 2,300 | 6,800 | 5,500 | - | - | - | - | - | - | - | - |
Unrealized loss/(gain) on revaluation of foreign currency forward contracts | |||||||||||
400 | -2,500 | 1,700 | -1,100 | - | - | - | - | - | - | - | - |
Gain (Loss) on Extinguishment of Debt | |||||||||||
0 | -2,300 | 0 | 0 | - | - | - | - | - | - | - | - |
Other | |||||||||||
1,700 | 2,800 | 600 | 800 | - | - | - | - | - | - | - | - |
Loss on sale or disposal of property, plant and equipment | |||||||||||
- | - | - | - | - | -1,400 | 200 | -300 | -1,100 | -7,400 | -2,500 | -100 |
Changes in assets and liabilities: | |||||||||||
Accounts receivable, net | |||||||||||
-79,200 | -27,500 | 64,300 | 61,500 | 41,800 | 123,900 | 44,300 | 6,200 | 40,100 | 3,800 | -68,300 | -115,900 |
Inventories, net | |||||||||||
-21,200 | 13,400 | 16,000 | 3,900 | 42,700 | 2,500 | 16,000 | -5,700 | 14,800 | 41,800 | -23,000 | -4,800 |
Accounts payable | |||||||||||
-43,200 | -23,800 | 5,400 | 21,700 | 52,100 | -18,300 | 33,100 | -23,000 | -18,100 | 50,300 | -13,100 | -76,200 |
Other accrued liabilities and taxes | |||||||||||
-8,600 | -66,800 | 12,600 | 66,400 | 23,100 | 15,200 | 38,500 | -37,900 | -4,400 | 51,000 | -33,300 | -46,800 |
Post-retirement benefits | |||||||||||
- | - | - | - | - | - | - | -3,500 | -2,300 | 10,700 | -5,400 | -3,600 |
Other current and long-term assets | |||||||||||
27,800 | 40,500 | -27,400 | 38,800 | 18,400 | -27,500 | 28,800 | -23,000 | 34,800 | 101,700 | -10,100 | 5,400 |
Other long-term liabilities | |||||||||||
-4,100 | -11,500 | 157,100 | -45,800 | 13,500 | -8,000 | -14,700 | 2,100 | 8,600 | -40,100 | 15,000 | 10,600 |
Pension and post-retirement benefit contributions | |||||||||||
23,900 | 25,900 | 24,700 | 21,600 | 22,800 | 33,000 | 30,400 | - | - | - | - | - |
Net cash (used)/provided by operating activities | |||||||||||
439,900 | 468,500 | 421,500 | 405,400 | 400,300 | 314,400 | 665,800 | 358,300 | 332,000 | -190,000 | 146,400 | 324,800 |
Investing activities: | |||||||||||
Purchases of property, plant and equipment | |||||||||||
144,800 | 118,200 | 104,700 | 104,000 | 90,300 | 123,800 | 108,100 | 91,700 | 98,300 | 65,700 | 59,300 | 78,000 |
Investments in capitalized software | |||||||||||
8,800 | 13,900 | 5,800 | 10,000 | 10,900 | 12,100 | 13,400 | 8,800 | 6,900 | 8,000 | 7,100 | 5,600 |
Proceeds from disposal of property, plant and equipment | |||||||||||
- | - | - | 7,000 | 600 | 0 | - | - | - | 3,000 | 0 | - |
Purchases of short-term investments and repurchase agreements | |||||||||||
746,500 | 687,200 | 535,200 | 324,600 | 121,400 | -50,700 | 55,200 | 0 | 0 | - | - | - |
Sales and maturities of short-term investments and repurchase agreements | |||||||||||
891,900 | 585,200 | 548,400 | 273,000 | 39,800 | - | - | - | - | - | - | - |
Cost of preferred stock investment | |||||||||||
0 | 0 | 10,000 | 900 | 20,000 | 0 | 0 | - | - | - | - | - |
Return of investment in unconsolidated joint venture | |||||||||||
0 | 0 | 1,800 | 0 | 0 | - | - | - | - | - | - | - |
Investments in unconsolidated joint ventures | |||||||||||
1,800 | 3,800 | 0 | 0 | - | - | - | - | - | - | - | - |
Acquisition of assets | |||||||||||
400 | 8,600 | 382,700 | 92,300 | 0 | 125,900 | 0 | 5,100 | 0 | 0 | 7,400 | - |
Net cash used by investing activities | |||||||||||
-10,400 | -246,500 | -488,200 | -251,800 | -202,200 | -211,100 | -176,700 | -105,600 | -105,200 | -70,700 | -73,800 | -83,600 |
Financing activities: | |||||||||||
Net borrowings of short-term revolving credit facilities | |||||||||||
- | - | - | - | - | - | 1,100 | -11,600 | - | - | - | - |
Borrowings of long-term debt | |||||||||||
0 | 368,500 | 25,300 | 730,100 | 577,000 | 259,000 | 0 | 0 | -46,600 | -66,400 | 121,000 | -83,000 |
Repayments of long-term debt | |||||||||||
0 | 500,000 | 25,000 | 261,000 | 385,000 | 0 | 0 | - | - | - | - | - |
Borrowings of long-term debt | |||||||||||
- | - | - | - | - | - | - | - | - | - | 800 | 156,500 |
Borrowings / (payments) of capital leases | |||||||||||
- | - | - | - | - | - | - | - | 200 | 400 | 161,900 | - |
Net borrowings of short-term debt | |||||||||||
0 | -385,400 | 382,500 | -4,900 | -2,700 | -32,600 | 9,200 | 4,200 | 10,400 | 13,900 | -74,200 | 58,200 |
Purchases of treasury stock | |||||||||||
30,600 | 300,000 | 120,000 | 250,000 | 249,200 | 351,500 | 243,200 | 198,300 | 178,900 | 0 | 0 | 153,500 |
Settlement of forward contract | |||||||||||
0 | 0 | 300 | -15,200 | 0 | 0 | - | - | - | - | - | - |
Taxes withheld and paid on employee stock award vestings | |||||||||||
5,000 | 5,100 | 4,900 | 6,000 | 5,000 | 0 | - | - | - | - | - | - |
Purchase of subsidiary shares from noncontrolling interest | |||||||||||
- | - | - | - | - | 5,700 | 4,600 | 0 | 0 | - | - | - |
Dividend payments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 4,500 | 18,300 |
Dividends to noncontrolling interest holders | |||||||||||
7,400 | 5,700 | 7,100 | 6,700 | 6,400 | 5,600 | 5,600 | 5,500 | 4,800 | 4,300 | 3,400 | - |
Proceeds from noncontrolling interest holders | |||||||||||
2,800 | 0 | 600 | 0 | 0 | - | - | - | - | - | - | - |
Proceeds from exercise of stock options | |||||||||||
1,200 | 600 | 9,500 | 3,900 | 17,300 | 15,000 | 49,700 | 28,600 | 36,600 | 41,800 | 300 | 21,500 |
Net cash (used)/provided by financing activities | |||||||||||
-39,000 | -827,100 | 260,600 | 220,600 | -54,000 | -121,400 | -193,400 | -182,600 | -183,500 | -15,400 | -121,900 | -18,600 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | |||||||||||
-2,400 | -32,200 | 85,100 | -26,900 | -40,600 | -43,000 | 2,100 | 2,500 | -8,000 | -7,000 | 6,700 | -13,000 |
Net (decrease)/increase in cash, cash equivalents and restricted cash | |||||||||||
388,100 | -637,300 | 279,000 | 347,300 | 103,500 | -61,100 | 297,800 | 72,600 | 35,300 | -283,100 | -42,600 | 209,600 |
Cash paid during the period for: | |||||||||||
Interest | |||||||||||
9,200 | 20,000 | 20,000 | 16,500 | 10,100 | 2,000 | 300 | 1,100 | 1,100 | 1,900 | 2,900 | 6,200 |
Income taxes | |||||||||||
89,100 | 109,000 | 64,100 | 50,800 | 49,400 | 48,400 | 45,200 | 30,300 | 54,100 | 47,900 | 3,400 | 82,600 |
Increase in capital expenditures included in accounts payable and other accrued liabilities | |||||||||||
2,400 | 13,800 | 1,800 | -14,900 | - | - | - | - | - | - | - | - |
Non cash items for the period: | |||||||||||
Unrealized gains on investment | |||||||||||
- | - | - | - | - | 200 | 0 | 0 | - | - | - | - |
Treasury stock purchase accrual | |||||||||||
- | - | - | - | - | - | - | 2,500 | 1,700 | 0 | 0 | - |