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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income (loss) $ 22,090 $ (11,317)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 41,518 37,807
Stock-based compensation 1,735 390
Change in LIFO inventory reserve 31,502 (8,563)
Amortization of unrecognized postretirement benefits 8,400 8,385
Changes in operating assets and liabilities:    
Accounts and notes receivable (40,796) 11,772
Inventories (92,944) (41,123)
Other current assets (2,244) (7,848)
Accounts payable 46,125 (20,422)
Accrued liabilities (58,082) (91,414)
Other items 2,516 7,964
Net cash used in operating activities (40,180) (114,369)
Investing activities:    
Additions to property, plant and equipment and capitalized software (57,489) (54,827)
Proceeds from the sale of assets 5 65
Net cash used in investing activities (57,484) (54,762)
Financing activities:    
Issuance of short-term debt 0 273,587
Repayment of short-term debt 0 (4,308)
Repayment of long-term debt and finance lease obligations (9,920) (2,594)
Acquisition of noncontrolling shareholder interest 0 (62,272)
Payments of employee taxes withheld from share-based awards (2,144) (910)
Payment of dividends to Cooper Tire & Rubber Company stockholders (5,301) (5,277)
Issuance of common shares related to stock-based compensation 813 177
Net cash (used in) provided by financing activities (16,552) 198,403
Effects of exchange rate changes on cash (3,618) (875)
Net change in cash, cash equivalents and restricted cash (117,834) 28,397
Cash, cash equivalents and restricted cash at beginning of period 649,505 413,125
Cash, cash equivalents and restricted cash at end of period 531,671 441,522
Total cash, cash equivalents and restricted cash $ 531,671 $ 441,522