XML 21 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income (loss) $ (1,029,607) $ (372,294) $ (669,244)
Adjustments to net income (loss):      
Depreciation and amortization 874,296 973,318 1,148,309
Deferred income tax expense (benefit) (206,670) (203,145) (240,195)
Impairments and other charges 236,745 129,341 650,199
Deferred financing costs amortization 4,381 5,290 4,231
Discount amortization on long-term debt 2,074 1,969 3,131
Losses (gains) on debt buyback 6,665   (5,576)
Losses (gains) on long-lived assets, net 85,064 63,338 353,110
Losses (gains) on investments, net     (5,580)
Impairments on equity method holdings 216,242 180,591  
Losses (gains) on merger and acquisitions   (49,382)  
Share-based compensation 32,000 47,313 37,190
Foreign currency transaction losses (gains), net 5,669 9,881 1,021
Pension Buy-out 3,059    
Equity in losses of unconsolidated affiliates, net of dividends 221,914 84,275 7,102
Other 1,333 627 (762)
Changes in operating assets and liabilities, net of effects from acquisitions:      
Accounts receivable 250,400 529,151 (126,883)
Inventory 40,647 23,852 (65,398)
Other current assets 37,904 34,390 118,162
Other long-term assets 98 (27,461) (30,475)
Trade accounts payable and accrued liabilities (180,200) (566,042) 267,907
Income taxes payable (46,576) (1,680) (57,113)
Other long-term liabilities (10,203) (6,776) 381,623
Net cash provided by operating activities 531,905 856,556 1,781,911
Cash flows from investing activities:      
Purchases of investments (24) (9) (319)
Sales and maturities of investments 739 961 23,992
Proceeds from sales of unconsolidated affiliates     750
Cash paid for acquisition of businesses, net of cash acquired (22,278) (80,187) (72,534)
Investment in unconsolidated affiliates   (445) (2,365)
Capital expenditures (395,455) (867,106) (1,821,315)
Proceeds from sales of assets and insurance claims 34,831 68,206 156,761
Proceeds from merger transaction   650,050  
Other 64 1,081 (1,879)
Net cash (used for) provided by investing activities (382,123) (227,449) (1,716,909)
Cash flows from financing activities:      
Increase (decrease) in cash overdrafts 3 645 (6,151)
Proceeds from Issuance of Long-term Debt 600,000    
Debt issuance costs (11,520) (1,847)  
Proceeds from revolving credit facilities 611,500   465,000
Reduction in revolving credit facilities (611,500) (450,000) (230,932)
Proceeds from (payments for) issuance of common shares 967 1,296 30,263
Repurchase of common shares (1,687) (99,598) (250,037)
Purchase of preferred stock     (70,875)
Reduction in long term debt (493,612) (27,478) (46,800)
Dividends to shareholders (50,924) (69,363) (59,145)
Proceeds from (payment for) commercial paper, net (8,000) (525,119) 203,275
Proceeds from term Loan   625,000  
Payments on term loan (162,500) (300,000)  
Proceeds from (payments for) short-term borrowings (6,211) 318  
Cash proceeds from noncontrolling Interest   3,972  
Other (4,732) (7,767) (11,550)
Net cash (used for) provided by financing activities (138,216) (849,941) 69,848
Effect of exchange rate changes on cash and cash equivalents (2,003) (25,785) (23,616)
Net increase (decrease) in cash and cash equivalents 9,563 (246,619) 111,234
Cash and cash equivalents, beginning of period 254,530 501,149 389,915
Cash and cash equivalents, end of period $ 264,093 $ 254,530 $ 501,149