| 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 | |||||||||||
131,500 | 128,000 | 73,100 | 84,200 | -112,900 | 50,300 | 58,600 | 68,400 | 66,400 | 58,800 | 17,400 | 46,600 |
Loss from discontinued operations, net of taxes | |||||||||||
- | - | - | - | - | - | -2,300 | -2,000 | -10,800 | -4,300 | -23,600 | 1,400 |
Net income | |||||||||||
- | - | - | - | - | - | 60,900 | 70,400 | 77,200 | 63,100 | 41,000 | 45,200 |
Adjustments to reconcile net income to net cash used in operating activities: | |||||||||||
Depreciation | |||||||||||
31,000 | 28,900 | 29,700 | 30,400 | 31,600 | 32,900 | 34,200 | 33,100 | 32,100 | 30,500 | 33,700 | 31,500 |
Amortization of intangibles | |||||||||||
15,600 | 19,600 | 22,500 | 20,800 | 20,900 | 15,200 | 14,700 | 15,400 | 15,800 | 14,300 | 13,100 | 12,200 |
Loss on disposal and impairment of property, plant and equipment and other | |||||||||||
-800 | -200 | -2,100 | -3,700 | -132,400 | -15,300 | -1,500 | -4,100 | 9,800 | -2,600 | -12,100 | -24,000 |
Gain on disposition | |||||||||||
- | - | - | 8,600 | - | - | - | - | - | - | - | - |
Gain on acquisition | |||||||||||
- | - | - | 1,700 | - | - | - | - | - | - | - | - |
Stock-based compensation | |||||||||||
17,800 | 13,800 | 13,900 | 13,400 | 10,900 | 8,600 | 9,600 | 6,600 | 8,300 | 4,700 | 4,900 | 5,300 |
Deferred income tax | |||||||||||
-1,300 | 15,300 | -6,400 | -3,500 | 20,500 | 2,700 | -6,800 | - | 3,700 | -6,900 | 9,400 | -18,700 |
Defined benefit plans settlement | |||||||||||
- | - | - | - | 59,700 | - | - | - | - | - | - | - |
Changes in operating assets and liabilities, net of effects from business acquisitions: | |||||||||||
Accounts receivable | |||||||||||
15,000 | -6,000 | 7,500 | 7,100 | -13,000 | -9,600 | 3,500 | -2,000 | -3,100 | 8,200 | -38,300 | -20,900 |
Inventories | |||||||||||
-17,000 | 34,500 | 8,400 | -9,800 | -21,200 | -21,400 | 17,300 | 7,100 | -3,100 | -800 | -71,500 | -15,100 |
Prepaid expenses and other assets | |||||||||||
1,600 | -600 | -14,700 | -4,900 | 17,800 | -10,900 | 14,500 | -1,100 | 8,900 | -9,000 | 7,600 | -8,300 |
Accounts payable, accrued expenses and other liabilities | |||||||||||
-4,400 | 22,100 | 9,400 | -15,200 | -29,100 | -26,300 | 39,500 | 4,700 | 1,500 | 3,500 | -11,800 | 1,200 |
Net cash used in operating activities | |||||||||||
194,000 | 169,400 | 155,900 | 138,100 | 109,400 | 135,200 | 118,300 | 130,300 | 126,100 | 113,400 | 204,600 | 145,000 |
INVESTING ACTIVITIES | |||||||||||
Additions to property, plant and equipment | |||||||||||
29,200 | 35,900 | 29,400 | 36,000 | 27,700 | 23,700 | 27,700 | 30,500 | 22,500 | 24,600 | 24,200 | 26,200 |
Proceeds from the sale of property, plant and equipment | |||||||||||
100 | 2,200 | 400 | 100 | 100 | 400 | 1,500 | 200 | 800 | 2,200 | 800 | 1,100 |
Net proceeds from the sale of asset, and other | |||||||||||
- | 200 | 3,100 | 9,900 | 30,700 | - | - | 3,000 | - | - | - | - |
Purchase of intangible assets | |||||||||||
- | 700 | 1,500 | - | - | - | - | 100 | 900 | 1,000 | -700 | - |
Proceeds from sale of securities | |||||||||||
- | - | - | - | - | - | 2,100 | 4,100 | 8,100 | 6,500 | 1,700 | 33,300 |
Investments in securities | |||||||||||
- | - | - | - | - | - | - | 2,100 | 8,100 | 4,000 | - | 2,700 |
Business acquisitions, net of cash acquired and other | |||||||||||
42,700 | 1,700 | -100 | 88,000 | 20,400 | 272,200 | - | 17,500 | 165,500 | 36,300 | 300 | 175,500 |
Net cash used in investing activities | |||||||||||
-71,800 | -35,900 | -27,300 | -114,000 | -17,300 | -295,500 | -24,100 | -42,900 | -188,100 | -57,200 | -21,300 | -170,000 |
FINANCING ACTIVITIES | |||||||||||
Proceeds from long-term borrowings | |||||||||||
82,000 | 50,000 | 20,000 | 688,800 | - | 275,000 | - | 9,200 | 184,000 | 75,000 | 1,700 | 22,900 |
Payments of long-term debt | |||||||||||
127,000 | 194,500 | 178,000 | 614,400 | 2,000 | 2,300 | 77,200 | 23,900 | 168,000 | 50,900 | 61,500 | 54,900 |
Payments for withholdings on vested stock, finance leases and other | |||||||||||
11,800 | 6,600 | 4,900 | 1,500 | 4,000 | 3,600 | 4,800 | 2,900 | 2,600 | 1,200 | 1,300 | 1,300 |
Proceeds from share transactions under employee stock plans | |||||||||||
2,100 | 2,500 | 1,700 | 8,200 | 2,500 | 11,800 | 11,900 | 17,800 | 5,400 | 3,400 | 400 | 1,600 |
Tax benefit of stock awards exercised | |||||||||||
- | - | - | - | 300 | 2,000 | 1,300 | 900 | 800 | 200 | -300 | - |
Payments to repurchase common stock | |||||||||||
19,500 | 26,000 | 18,200 | 26,800 | 44,600 | 39,600 | 23,000 | 65,800 | 27,200 | - | - | 44,500 |
Debt issuance costs | |||||||||||
- | - | - | 2,100 | - | 2,000 | - | - | - | 3,200 | - | - |
Dividends | |||||||||||
31,400 | 28,300 | 25,900 | 24,500 | 23,100 | 20,500 | 17,700 | 16,000 | 16,300 | 16,400 | 16,200 | 16,200 |
Net cash provided by (used in) financing activities | |||||||||||
-105,600 | -202,900 | -205,300 | 27,700 | -70,900 | 220,800 | -109,500 | -80,700 | -23,900 | 6,900 | -77,200 | -92,400 |
Effect of exchange rate changes on cash and cash equivalents | |||||||||||
-1,000 | -6,700 | 18,500 | -9,600 | -26,100 | -27,300 | 4,100 | 3,200 | 7,300 | -2,700 | 8,000 | -5,900 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | |||||||||||
15,600 | -76,100 | -58,200 | 42,200 | -4,900 | 33,200 | -3,400 | 21,400 | -79,000 | 71,000 | 92,600 | -124,700 |
Net cash used in operating activities of discontinued operations | |||||||||||
- | - | - | - | - | - | -100 | 3,200 | -200 | 5,500 | -21,200 | 800 |
Net cash provided by investing activities of discontinued operations | |||||||||||
- | - | - | - | - | - | 7,900 | 8,300 | -200 | 5,100 | -300 | -2,200 |
NON CASH INVESTING AND FINANCING ACTIVITIES | |||||||||||
Acquisition of businesses: | |||||||||||
Fair value of assets acquired | |||||||||||
43,300 | 4,100 | - | 112,600 | 29,800 | 333,000 | - | 25,200 | 225,500 | 47,600 | - | 231,500 |
Cash paid, net of cash acquired | |||||||||||
42,700 | 1,700 | - | 88,000 | 20,400 | 272,200 | - | 17,500 | 165,500 | - | - | - |
Gain on acquisition | |||||||||||
- | - | -100 | 1,700 | - | - | - | - | - | - | - | - |
Gain on fair value of acquisition | |||||||||||
- | - | -100 | 1,700 | - | - | - | - | - | - | - | - |
Liabilities assumed | |||||||||||
600 | 2,400 | - | 22,900 | 9,400 | 60,800 | - | 7,700 | 60,000 | 11,300 | - | 56,000 |
Acquisitions of fixed assets under financing agreement | |||||||||||
- | - | - | - | 200 | - | 3,700 | 1,100 | 4,300 | - | - | - |
Issuance of stock under management stock purchase plan | |||||||||||
1,800 | 1,900 | 900 | 700 | 300 | 400 | 700 | 500 | 400 | 2,100 | 1,500 | 1,600 |
CASH PAID FOR: | |||||||||||
Interest | |||||||||||
17,100 | 19,100 | 18,800 | 20,200 | 23,100 | 18,300 | 21,500 | 23,900 | 24,700 | 21,400 | 22,000 | 26,900 |
Income taxes | |||||||||||
50,800 | 55,300 | 39,400 | 33,500 | 24,500 | 30,500 | 32,700 | 27,100 | 35,500 | 20,300 | 36,600 | 45,100 |