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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      
Net income $ 292,668 $ 314,739 $ 177,447
Adjustments to reconcile net income to net cash provided by operating activities:      
Asset impairment 25,026 5,794 20,017
Depreciation, depletion and amortization 239,140 236,245 217,625
Gain on adjustment of environmental reserves (10,675) 0 0
Share-based compensation expense 14,334 10,730 13,488
Equity in earnings of affiliates (5,171) (11,216) (9,482)
Cash dividends from affiliated companies 6,620 7,570 6,967
Loss on remeasurement of previously held interest in Conitex Sonoco 0 4,784 0
Net loss on disposition of assets 746 8,635 2,039
Pension and postretirement plan expense 52,741 34,885 78,506
Pension and postretirement plan contributions (231,234) (25,373) (108,579)
Net (decrease)/increase in deferred taxes 16,958 (9,420) (20,553)
Change in assets and liabilities, net of effects from acquisitions, dispositions and foreign currency adjustments      
Trade accounts receivable 59,615 38,193 (43,773)
Inventories 2,631 (6,150) (16,067)
Payable to suppliers (25,383) (4,380) 4,226
Prepaid expenses 4,030 (5,093) (110)
Accrued expenses 7,471 19,153 (14,606)
Income taxes payable and other income tax items (6,201) (19,014) 70,180
Other assets and liabilities (17,466) (10,184) (29,071)
Net cash provided by operating activities 425,850 589,898 348,254
Cash Flows from Investing Activities      
Purchase of property, plant and equipment (195,934) (192,574) (188,913)
Cost of acquisitions, net of cash acquired (298,380) (277,177) (383,725)
Proceeds from the sale of assets 14,614 24,288 5,271
Other 603 1,335 2,791
Net cash used by investing activities (479,097) (444,128) (564,576)
Cash Flows from Financing Activities      
Proceeds from issuance of debt 276,843 226,885 448,511
Principal repayment of debt (139,582) (281,262) (217,320)
Net increase/(decrease) in commercial paper borrowings 130,000 (4,000) 124,000
Net increase/(decrease) in outstanding checks (4,486) (4,282) 7,518
Payment of contingent consideration (5,500) 0 0
Cash dividends – common (170,253) (161,434) (153,137)
Dividends paid to noncontrolling interests (214) 0 0
Purchase of Sonoco Asia noncontrolling interest 0 (35,000) 0
Shares acquired (9,608) (14,561) (6,335)
Net cash provided/(used) by financing activities 77,200 (273,654) 203,237
Effects of Exchange Rate Changes on Cash 941 (6,639) 10,771
Increase/(Decrease) in Cash and Cash Equivalents 24,894 (134,523) (2,314)
Cash and cash equivalents at beginning of year 120,389 254,912 257,226
Cash and cash equivalents at end of year 145,283 120,389 254,912
Supplemental Cash Flow Disclosures      
Interest paid, net of amounts capitalized 66,768 63,147 57,170
Income taxes paid, net of refunds $ 82,512 $ 103,442 $ 96,962