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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income [2] $ 21,788 [1] $ 125,138 [3] $ 139,207 [3]
Depreciation and amortization 50,317 39,674 38,020
Stock-based compensation (Note 11) 18,908 6,920 13,760
Pension expense (Note 15) and other charges 2,448 10,082 3,382
Deferred income tax (benefit) provision (Note 10) [2] (38,850) (2,254) 1,731
Losses on asset dispositions, net 788 236 371
Pension contributions (Note 15) (5,543) (5,596) (5,537)
Currency exchange losses, net (Note 6) 216 8,578 19,814
Product liability expense (Note 20) 185,264 39,036 26,619
Collections on insurance receivable and notes receivable, insurance companies (Note 20) 15,443 10,853 21,035
Product liability payments (Note 20) (39,548) (23,727) (54,504)
Changes in:      
Trade receivables 4,374 7,677 (8,855)
Inventories (Note 4) [2] (17,827) (13,645) (25,263)
Accounts payable 13,299 (3,069) 9,775
Other current assets and liabilities 823 7,749 (4,796)
Other noncurrent assets and liabilities (12,755) (1,097) (9,797)
Cash Flow From Operating Activities 199,145 206,555 164,962
Investing Activities      
Capital expenditures (43,837) (48,905) (36,604)
Purchase of short-term investments (Note 19) (133,913) (199,318) (169,245)
Proceeds from maturities of short-term investments (Note 19) 160,000 175,000 174,670
Acquisitions, net of cash acquired (Note 14) (392,437) 0 (33,196)
Property disposals and other investing (5,286) 454 218
Cash Flow Used In Investing Activities (415,473) (72,769) (64,157)
Financing Activities      
Payments on short-term debt, net (Note 12) 0 0 (65)
Payments on long-term debt (Note 12) (1,346,557) (1,031,000) (880,500)
Proceeds from long-term debt (Note 12) 1,639,733 987,000 864,000
Debt issuance costs (2,106) 0 0
Cash dividends paid (68,586) (66,578) (63,523)
Acquisition of noncontrolling interests in consolidated subsidiaries (13,381) 0 0
Distribution to noncontrolling interests (5,632) 0 0
Company stock purchases (Note 7) (6,171) (29,144) (12,648)
Exercise of stock options (Note 7) 5,770 12,446 7,471
Employee stock purchase plan (Note 7) 855 747 641
Cash Flow Provided by (Used In) Financing Activities 203,925 (126,529) (84,624)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7,193) 1,234 (4,242)
(Decrease) increase in cash, cash equivalents and restricted cash (19,596) 8,491 11,939
Beginning cash, cash equivalents and restricted cash 161,034 152,543 140,604
Ending cash, cash equivalents and restricted cash 141,438 161,034 152,543
Supplemental cash flow information:      
Cash and cash equivalents 140,895 160,672 152,195
Restricted cash included in prepaid expenses and other current assets 543 362 348
Total cash, cash equivalents and restricted cash 141,438 161,034 152,543
Interest paid in cash 9,288 9,856 14,490
Income tax paid in cash $ 45,556 $ 61,072 $ 48,673
[1] *Year ended December 31, 2020 and 2019 amounts have been adjusted to reflect the change in inventory accounting method, as described in Notes 1 and 4 to the consolidated financial statements.
[2] *Year ended December 31, 2020 and 2019 have been adjusted to reflect the change in inventory accounting method, as described in Notes 1 and 4.
[3] *Year ended December 31, 2020 and 2019 amounts have been adjusted to reflect the change in inventory accounting method, as described in Notes 1 and 4 to the consolidated financial statements.