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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Consolidated net income (loss) $ (200,168) $ 721,574 $ 407,376
Adjustments to reconcile consolidated net income (loss) to net cash provided by operations:      
Depreciation and amortization 189,790 186,384 153,599
Amortization of stock-based compensation 41,070 46,238 39,122
Equity in (earnings) losses of affiliated companies 2,765 2,332 (3,424)
Loss on extinguishment of debt 0 0 59,545
Deferred income taxes (50,288) 1,236 38,412
(Gain) loss on investments, net (11,462) 14,166 8,020
Loss on disposition of businesses, net 21,252 3,604 21,000
Pension settlement expense 20,111 1,665 16,706
Impairments 698,246 0 0
Other 10,659 9,198 10,466
Change in assets and liabilities, net of effects of acquired and disposed businesses:      
Accounts receivable 338,849 (1,007,308) (1,079,094)
Inventories 383,058 (618,875) (379,835)
Accounts payable (521,575) 936,423 816,602
Accrued expenses (27,475) 112,123 (5,013)
Other assets and liabilities (36,837) (136,070) 21,075
Net cash provided by operating activities 857,995 272,690 124,557
Cash flows from investing activities:      
Cash consideration paid for acquired businesses, net of cash acquired 0 (331,563) (3,628)
Proceeds from (cash paid on) disposition of businesses (13,094) 32,013 0
Acquisition of property, plant, and equipment (143,191) (135,336) (203,949)
Proceeds from sale of property, plant, and equipment 0 5,421 24,433
Cash paid for customer relationship intangible asset (7,616) (20,000) 0
Other (9,682) (13,500) (5,614)
Net cash used for investing activities (173,583) (462,965) (188,758)
Cash flows from financing activities:      
Change in short-term and other borrowings (113,923) 192,192 (41,316)
Proceeds from (repayments of) long-term bank borrowings, net (405,007) 306,635 47,760
Proceeds from note offering, net 0 0 986,203
Redemption of notes 0 (300,000) (558,887)
Proceeds from exercise of stock options 16,911 8,819 22,195
Repurchases of common stock (404,203) (243,305) (174,239)
Purchase of shares from noncontrolling interest 0 0 (23,350)
Other (147) (1,174) (1,620)
Net cash provided by (used for) financing activities (906,369) (36,833) 256,746
Effect of exchange rate changes on cash 12,733 6,352 3,218
Net increase (decrease) in cash and cash equivalents (209,224) (220,756) 195,763
Cash and cash equivalents at beginning of year 509,327 730,083 534,320
Cash and cash equivalents at end of year $ 300,103 $ 509,327 $ 730,083