| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||
Net income | |||||||||
401,000 | 549,000 | 330,000 | 260,000 | 340,000 | 337,000 | 228,000 | 297,000 | 279,000 | 329,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation | |||||||||
117,000 | 117,000 | 109,000 | 87,000 | 88,000 | 95,000 | 99,000 | 94,000 | 93,000 | 92,000 |
Amortization | |||||||||
140,000 | 144,000 | 125,000 | 64,000 | 45,000 | 47,000 | 51,000 | 48,000 | 44,000 | - |
Deferred income taxes | |||||||||
-77,000 | -47,000 | -33,000 | 14,000 | -9,000 | -29,000 | -14,000 | 1,000 | 8,000 | -31,000 |
Share-based compensation | |||||||||
29,000 | 30,000 | 21,000 | 18,000 | 15,000 | 18,000 | 27,000 | 22,000 | 13,000 | 9,000 |
Non-cash separation costs | |||||||||
- | - | - | - | - | - | - | - | 10,000 | 0 |
Restructuring and asset impairment charges | |||||||||
63,000 | 22,000 | 25,000 | 30,000 | 6,000 | 26,000 | 42,000 | 17,000 | 2,000 | 15,000 |
Goodwill, Impairment Loss | |||||||||
148,000 | 0 | 0 | - | - | - | - | - | - | - |
Gain from sale of business | |||||||||
1,000 | 0 | -10,000 | 0 | 9,000 | 11,000 | 0 | 0 | - | - |
Other, net | |||||||||
-9,000 | -9,000 | -19,000 | -6,000 | -12,000 | -2,000 | -15,000 | -2,000 | - | - |
Other Noncash Income | |||||||||
- | - | - | - | - | - | - | - | -5,000 | - |
Payments for restructuring | |||||||||
30,000 | 21,000 | 28,000 | 16,000 | 14,000 | 26,000 | 35,000 | 9,000 | 7,000 | 22,000 |
Contributions to postretirement benefit plans | |||||||||
19,000 | 41,000 | 33,000 | 27,000 | 25,000 | 35,000 | 43,000 | 46,000 | 16,000 | 3,000 |
Changes in assets and liabilities (net of acquisitions): | |||||||||
Changes in receivables | |||||||||
23,000 | 103,000 | 79,000 | 6,000 | 24,000 | 37,000 | 47,000 | -2,000 | 61,000 | 45,000 |
Changes in inventories | |||||||||
-47,000 | 97,000 | -27,000 | 15,000 | -23,000 | 49,000 | 39,000 | -5,000 | 18,000 | -7,000 |
Changes in accounts payable | |||||||||
29,000 | 51,000 | 50,000 | 61,000 | 20,000 | 17,000 | 4,000 | -4,000 | -9,000 | 41,000 |
Changes in accrued liabilities | |||||||||
15,000 | -6,000 | 28,000 | 13,000 | -11,000 | 3,000 | 18,000 | -28,000 | 53,000 | 12,000 |
Changes in accrued taxes | |||||||||
-13,000 | 0 | 104,000 | -13,000 | -3,000 | 25,000 | 20,000 | -17,000 | 56,000 | -17,000 |
Net changes in other assets and liabilities | |||||||||
-4,000 | 21,000 | -11,000 | -21,000 | -10,000 | -33,000 | 2,000 | -12,000 | 3,000 | -8,000 |
Net Cash – Operating activities | |||||||||
839,000 | 586,000 | 686,000 | 497,000 | 464,000 | 416,000 | 324,000 | 396,000 | 449,000 | 395,000 |
Investing Activities | |||||||||
Capital expenditures | |||||||||
226,000 | 237,000 | 170,000 | 124,000 | 117,000 | 119,000 | 126,000 | 112,000 | 126,000 | 94,000 |
Proceeds from the sale of property, plant and equipment | |||||||||
0 | 0 | 1,000 | 1,000 | 0 | 2,000 | 6,000 | 5,000 | 11,000 | 4,000 |
Acquisitions of businesses, net of cash acquired | |||||||||
18,000 | 433,000 | 33,000 | 1,782,000 | 18,000 | 0 | 81,000 | 41,000 | 309,000 | 1,004,000 |
Proceeds from Divestiture of Businesses | |||||||||
0 | 22,000 | 16,000 | 0 | 1,000 | 30,000 | 0 | 0 | - | - |
Cash received from investments | |||||||||
11,000 | 11,000 | 10,000 | 0 | 0 | - | - | - | - | - |
Cash paid for investments | |||||||||
7,000 | 11,000 | 11,000 | 0 | 0 | - | - | - | - | - |
Proceeds from Derivative Instrument, Investing Activities | |||||||||
9,000 | 0 | 0 | - | - | - | - | - | - | - |
Other, net | |||||||||
0 | -5,000 | -6,000 | -19,000 | -2,000 | -1,000 | -2,000 | -1,000 | -1,000 | -1,000 |
Net Cash – Investing activities | |||||||||
-231,000 | -643,000 | -181,000 | -1,886,000 | -132,000 | -86,000 | -199,000 | -147,000 | -423,000 | -1,093,000 |
Financing Activities | |||||||||
Net transfer to former parent | |||||||||
- | - | - | - | - | - | - | 9,000 | 995,000 | -745,000 |
Short-term debt issued, net | |||||||||
281,000 | 335,000 | 0 | 274,000 | 0 | 52,000 | 39,000 | 13,000 | 5,000 | 0 |
Short-term debt repaid | |||||||||
254,000 | 52,000 | 282,000 | 80,000 | 3,000 | 0 | - | - | - | - |
Long-term debt issued, net | |||||||||
0 | 1,000 | 0 | 1,540,000 | 0 | 0 | - | - | 1,198,000 | 0 |
Long-term debt repaid, net | |||||||||
0 | 120,000 | 0 | 608,000 | 0 | 0 | 2,000 | 14,000 | 8,000 | 0 |
Repurchase of common stock | |||||||||
40,000 | 59,000 | 25,000 | 4,000 | 179,000 | 134,000 | 73,000 | 13,000 | 0 | 0 |
Proceeds from exercise of employee stock options | |||||||||
13,000 | 7,000 | 16,000 | 24,000 | 21,000 | 26,000 | 22,000 | 24,000 | 1,000 | 0 |
Excess tax benefit from share based compensation | |||||||||
- | - | - | - | 2,000 | 2,000 | 1,000 | 0 | 0 | - |
Payments of debt issuance costs | |||||||||
- | - | - | - | - | - | - | - | 10,000 | 0 |
Dividends paid | |||||||||
174,000 | 152,000 | 130,000 | 112,000 | 102,000 | 94,000 | 87,000 | 75,000 | 19,000 | 0 |
Other, net | |||||||||
-3,000 | 0 | 0 | 0 | -1,000 | 1,000 | 0 | 0 | - | - |
Net Cash – Financing activities | |||||||||
-177,000 | -40,000 | -421,000 | 1,034,000 | -262,000 | -147,000 | -100,000 | -74,000 | 172,000 | 745,000 |
Effect of exchange rate changes on cash | |||||||||
-3,000 | -21,000 | 22,000 | -17,000 | -53,000 | -53,000 | 4,000 | 11,000 | -11,000 | 3,000 |
Net change in cash and cash equivalents | |||||||||
428,000 | -118,000 | 106,000 | -372,000 | 17,000 | 130,000 | 29,000 | 186,000 | 187,000 | 50,000 |
Supplemental disclosure of cash flow information: | |||||||||
Cash paid during the period for: | |||||||||
Interest | |||||||||
77,000 | 78,000 | 78,000 | 49,000 | 52,000 | 51,000 | 51,000 | 53,000 | 0 | 0 |
Income taxes (net of refunds received) | |||||||||
107,000 | 75,000 | 57,000 | 78,000 | 75,000 | 81,000 | 65,000 | 104,000 | 64,000 | 110,000 |