XML 24 R9.htm IDEA: XBRL DOCUMENT v3.10.0.1
Statements of Consolidated Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net (losses)/earnings $ (28,252,000) $ (44,948,000) $ 36,433,000
Less: Net (losses)/earnings from discontinued operations, net of tax (10,000) 122,000 1,032,000
(Losses)/earnings from continuing operations (28,242,000) (45,070,000) 35,401,000
Adjustments to reconcile net (losses)/earnings to net cash provided by operating activities:      
Depreciation and amortization 61,278,000 62,852,000 52,396,000
Impairment of goodwill 4,719,000 5,500,000 0
Impairment of property, plant and equipment and other assets 4,931,000 8,216,000 1,007,000
(Gain)/loss on disposal of property, plant and equipment and equity method investments (750,000) 153,000 (938,000)
Gain on extinguishment of debt 0 0 (1,200,000)
Insurance gain recorded in other operating income (15,710,000) 0 0
(Earnings)/losses from unconsolidated companies, net of tax (9,355,000) 10,213,000 (11,013,000)
Amortization of debt issuance costs and discount on secured term loan 3,003,000 3,682,000 3,044,000
Share-based compensation 5,364,000 5,809,000 6,272,000
Change in provisions for uncertain tax positions 46,000 160,000 (3,350,000)
Benefit from deferred income tax (6,219,000) (13,641,000) (305,000)
Other non-cash movements 3,671,000 1,596,000 567,000
Effect of exchange rates on net (losses)/earnings 1,121,000 2,424,000 (12,617,000)
Change in assets and liabilities, net of effects from acquisitions:      
Accounts receivable (5,420,000) (633,000) 1,961,000
Due from unconsolidated companies 2,292,000 (419,000) (788,000)
Prepaid expense and other (1,275,000) (349,000) 668,000
Inventories 724,000 2,539,000 (504,000)
Accounts payable 6,989,000 (2,488,000) 877,000
Accrued liabilities 21,381,000 12,805,000 245,000
Deferred revenue 8,500,000 (489,000) (1,434,000)
Other liabilities 707,000 (5,633,000) (14,121,000)
Other, net 928,000 927,000 148,000
Other cash movements:      
Dividends from equity method investees 4,290,000 4,440,000 4,449,000
Proceeds from insurance settlements 16,405,000 1,462,000 0
Proceeds from swap termination 359,000 0 0
Payment of swap termination costs 0 (2,145,000) 0
Net cash provided by operating activities from continuing operations 79,737,000 51,911,000 60,765,000
Net cash (used in)/provided by operating activities from discontinued operations (10,000) 87,000 38,000
Net cash provided by operating activities 79,727,000 51,998,000 60,803,000
Cash flows from investing activities:      
Capital expenditure to acquire property, plant and equipment (166,080,000) (67,830,000) (55,104,000)
Capital expenditure to acquire intangible assets (3,015,000) 0 0
Acquisitions, net of cash acquired (45,406,000) (68,632,000) 0
Proceeds from sale of business 0 2,070,000 0
Proceeds from insurance settlements 7,327,000 13,588,000 0
Proceeds from sale of property, plant and equipment and equity method investments 0 0 2,746,000
Net cash used in investing activities from continuing operations (207,174,000) (120,804,000) (52,358,000)
Net cash provided by investing activities from discontinued operations 0 0 0
Net cash used in investing activities (207,174,000) (120,804,000) (52,358,000)
Cash flows from financing activities:      
Repurchase of shares 0 0 (1,992,000)
Exercised stock options and vested share awards 7,000 305,000 17,000
Dividend to non-controlling interest (16,000) 0 (15,000)
Issuance of long-term debt 105,082,000 104,739,000 26,000,000
Debt issuance costs (1,175,000) (9,639,000) (465,000)
Principal payments under long-term debt (45,278,000) (5,654,000) (13,904,000)
Net cash provided by financing activities from continuing operations 58,620,000 89,751,000 9,641,000
Net cash provided by financing activities from discontinued operations 0 0 0
Net cash provided by financing activities 58,620,000 89,751,000 9,641,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,364,000) 7,120,000 (992,000)
Net (decrease)/increase in cash, cash equivalents and restricted cash (72,191,000) 28,065,000 17,094,000
Cash, cash equivalents and restricted cash at beginning of period (includes $Nil, $Nil and $Nil of cash presented within assets held for sale) 184,075,000 156,010,000 138,916,000
Cash, cash equivalents and restricted cash at end of period (includes $Nil, $Nil, $Nil of cash presented within assets held for sale) $ 111,884,000 $ 184,075,000 $ 156,010,000