| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net Income (Loss) Attributable to Parent | ||||||
55,900 | 78,200 | 132,900 | 71,500 | 156,100 | 159,800 | |
Adjustments to reconcile net loss to cash used in operating activities: | ||||||
Depreciation expense | ||||||
21,300 | 18,000 | 16,700 | 17,300 | 19,600 | 21,200 | |
Amortization | ||||||
39,800 | 37,000 | 31,200 | 31,200 | 31,400 | 31,800 | |
Amortization of debt issuance costs | ||||||
4,700 | 5,500 | 5,500 | 4,700 | 0 | 0 | |
Gain (Loss) on Extinguishment of Debt, before Write off of Debt Issuance Cost | ||||||
0 | -2,700 | -1,700 | -2,700 | 0 | - | |
Deferred income taxes | ||||||
19,800 | 12,400 | 64,300 | 7,600 | 29,000 | 17,500 | |
Stock-based compensation expense | ||||||
7,300 | 7,000 | 11,100 | 6,300 | 2,300 | 2,400 | |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | ||||||
-700 | 400 | 4,000 | -3,300 | 9,900 | 1,100 | |
Pension settlement | ||||||
1,200 | 2,400 | 0 | 0 | - | - | |
Gain on remeasurement of debt and other realized foreign currency derivative | ||||||
600 | -23,400 | 0 | 0 | - | - | |
Loss (gain) on divestitures and acquisitions | ||||||
- | - | - | - | 14,800 | 0 | |
Loss on sale of property, plant and equipment | ||||||
- | - | - | - | - | -300 | |
Other | ||||||
- | - | - | - | - | -1,100 | |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
351,400 | 590,400 | 541,200 | 502,800 | 7,500 | 300 | |
Inventories | ||||||
-5,000 | 25,500 | 1,800 | 3,600 | -4,700 | 23,800 | |
Other assets | ||||||
-13,400 | 9,300 | 600 | 11,500 | -1,400 | 1,300 | |
Trade accounts payable | ||||||
-46,800 | 39,300 | -7,900 | -11,100 | -25,600 | 21,200 | |
Other current and long-term liabilities | ||||||
-400 | -24,000 | -10,600 | 27,600 | -5,500 | 4,200 | |
Net cash used in operating activities | ||||||
-269,700 | -448,500 | -431,300 | -372,000 | 143,000 | 200,200 | |
Cash flows from investing activities | ||||||
Cash receipts on beneficial interest in sold receivables | ||||||
280,700 | 576,400 | 552,100 | 494,300 | - | - | |
Capital expenditures | ||||||
33,900 | 21,400 | 20,700 | 16,000 | 13,200 | 25,300 | |
Proceeds from sale of property, plant and equipment | ||||||
0 | 0 | 12,300 | 500 | 0 | - | |
Changes in restricted cash | ||||||
- | - | - | - | 600 | 0 | |
Acquisition of intangible assets | ||||||
0 | 2,800 | 1,200 | 0 | 0 | - | |
Purchase of short-term investment | ||||||
0 | 35,000 | 0 | 18,700 | - | - | |
Proceeds from maturity of short-term investment | ||||||
32,000 | 20,700 | 0 | 0 | - | - | |
Business acquisition, net of cash acquired | ||||||
0 | 215,600 | 0 | 0 | 5,300 | 0 | |
Settlement of foreign exchange contract | ||||||
0 | 10,000 | 0 | 0 | - | - | |
Other | ||||||
-1,100 | -1,200 | -900 | 0 | - | - | |
Proceeds from dispositions | ||||||
- | - | - | 1,100 | 78,200 | 0 | |
Net cash (used in) provided by investing activities | ||||||
279,900 | 313,500 | 543,400 | 461,200 | 59,100 | -25,300 | |
Cash flows from financing activities | ||||||
Proceeds from long-term debt | ||||||
410,000 | 475,500 | 155,000 | 1,501,100 | 500 | 3,100 | |
Repayments on long-term debt and finance leases | ||||||
348,400 | 383,200 | 204,100 | 186,800 | 700 | 3,400 | |
Debt issuance costs | ||||||
0 | 6,800 | 2,000 | 41,300 | 0 | 0 | |
Proceeds from short-term borrowings | ||||||
0 | 30,000 | 4,000 | 0 | 0 | - | |
Repayment of short-term borrowings | ||||||
15,000 | 15,000 | 4,000 | 0 | 0 | - | |
Payment of contingent consideration | ||||||
800 | 1,400 | 0 | - | - | - | |
Payment of deferred consideration | ||||||
- | - | - | 0 | - | - | |
Dividend paid to MTW | ||||||
- | - | - | 1,362,000 | 0 | 0 | |
Net transactions with MTW | ||||||
- | - | - | -4,600 | -182,900 | -166,700 | |
Exercises of stock options | ||||||
3,200 | 6,200 | 4,800 | 16,200 | 0 | 0 | |
Payments on tax withholdings for equity awards | ||||||
2,400 | 3,000 | 5,400 | 3,800 | 0 | - | |
Net cash provided by financing activities | ||||||
46,600 | 102,300 | -51,700 | -81,200 | -183,100 | -167,000 | |
Effect of exchange rate changes on cash | ||||||
700 | -2,900 | 6,900 | 900 | -3,500 | -1,000 | |
Net increase (decrease) in cash and cash equivalents and restricted cash | ||||||
57,500 | -35,600 | 67,300 | 8,900 | 15,500 | 6,900 | |
Supplemental disclosures of cash flow information: | ||||||
Cash paid for income taxes, net of refunds | ||||||
36,000 | 47,000 | 34,300 | 42,100 | 13,200 | 13,200 | |
Cash paid for interest, net of related hedge settlements | ||||||
79,000 | 94,600 | 94,700 | 69,600 | 0 | 0 | |
Supplemental disclosures of non-cash activities: | ||||||
Non-cash investing activity: Beneficial interest obtained in exchange for securitized receivables | ||||||
238,600 | 744,700 | 723,500 | 636,900 | - | - | |
Non-cash financing activity: Reassessments and modifications of right-of-use assets and lease liabilities and assets obtained through leasing arrangements | ||||||
14,900 | 900 | 0 | - | - | - | |
Non-cash financing activity: Equipment acquired through capital leases | ||||||
- | - | - | 0 | - | - | |