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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Statement of Cash Flows [Abstract]    
Cash and cash equivalents at beginning of year $ 2,489,768 $ 477,239
Cash flows from operating activities:    
Net income 177,387 174,954
Adjustments to reconcile net income to cash flows from operating activities:    
Depreciation and amortization 200,372 78,344
(Gain) loss associated with restructuring and other (6,804) 6,333
Loss on disposal of businesses 0 85,515
Stock-based compensation 11,171 10,447
Excess tax benefits realized from stock-based compensation arrangements (59) (836)
Equity in net income of unconsolidated investments (net of tax) (22,236) (28,200)
Dividends received from unconsolidated investments and nonmarketable securities 57,149 37,854
Pension and postretirement (benefit) expense (232) 21,946
Pension and postretirement contributions (16,673) (10,718)
Unrealized gain on investments in marketable securities (597) (525)
Deferred income taxes (53,593) (24,412)
Working capital changes 14,823 89,020
Other, net (43,805) (9,180)
Net cash provided by operating activities 316,903 430,542
Cash flows from investing activities:    
Acquisition of Rockwood, net of cash acquired (2,051,645) 0
Other acquisitions, net of cash acquired (48,845) 0
Capital expenditures (164,568) (76,682)
Decrease in restricted cash 57,550 0
Cash proceeds from divestitures, net 6,133 104,718
Return of capital 98,000 0
Sales of marketable securities, net 1,265 943
Repayments from (long-term advances to) joint ventures 2,156 (7,499)
Net cash (used in) provided by investing activities (2,099,954) 21,480
Cash flows from financing activities:    
Repayments of long-term debt (1,332,293) (3,023)
Proceeds from borrowings of long-term debt 1,000,000 0
Repayments of other borrowings, net (16,854) (23,554)
Dividends paid to shareholders (86,770) (62,827)
Dividends paid to noncontrolling interests (23,195) (7,612)
Repurchases of common stock 0 (150,000)
Proceeds from exercise of stock options 342 2,713
Excess tax benefits realized from stock-based compensation arrangements 59 836
Withholding taxes paid on stock-based compensation award distributions (1,218) (3,208)
Debt financing costs (4,186) (3,074)
Other (3,882) 0
Net cash used in financing activities (467,997) (249,749)
Net effect of foreign exchange on cash and cash equivalents (4,230) (26,392)
(Decrease) increase in cash and cash equivalents (2,255,278) 175,881
Cash and cash equivalents at end of period $ 234,490 $ 653,120