v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified
|
12 Months Ended |
|
|
|
Cash flows from operating activities: |
|
|
|
Net loss |
$ (218,188) |
$ (254,101) |
$ (9,556) |
Adjustments to reconcile net loss to net cash provided by operating activities: |
|
|
|
Depreciation |
221,266 |
251,905 |
276,021 |
Amortization |
15,775 |
20,212 |
34,420 |
Deferred income tax expense (benefit) |
(18,427) |
(10,708) |
20,826 |
Equity in income of unconsolidated entities, net |
(1,548) |
(564) |
(690) |
Dividends from unconsolidated entities |
37 |
308 |
226 |
Harsco 2011/2012 Restructuring Program non-cash adjustment |
0 |
31,443 |
67,320 |
Goodwill impairment charge |
0 |
265,038 |
0 |
Loss on disposal of Harsco Infrastructure Segment |
271,296 |
0 |
0 |
Other, net |
2,735 |
(27,098) |
(7,432) |
Changes in assets and liabilities, net of acquisitions and dispositions of businesses: |
|
|
|
Accounts receivable |
(34,504) |
22,016 |
(58,011) |
Inventories |
18,510 |
2,365 |
7,976 |
Accounts payable |
14,319 |
(37,649) |
(2,713) |
Accrued interest payable |
(1,836) |
(319) |
(375) |
Accrued compensation |
(9,860) |
517 |
12,554 |
Harsco Infrastructure Segment 2010 Restructuring Program accrual |
(6,788) |
(5,211) |
(19,629) |
Harsco 2011/2012 Restructuring Program accrual |
(17,705) |
(7,883) |
30,471 |
Other assets and liabilities |
(46,827) |
(51,392) |
(52,632) |
Net cash provided by operating activities |
188,255 |
198,879 |
298,776 |
Cash flows from investing activities: |
|
|
|
Purchases of property, plant and equipment |
(246,147) |
(265,023) |
(313,101) |
Proceeds from Infrastructure transaction |
303,039 |
0 |
0 |
Proceeds from sales of assets |
18,984 |
49,779 |
42,653 |
Payments to Acquire Businesses, Net of Cash Acquired |
2,849 |
740 |
1,938 |
Other investing activities, net |
(10,342) |
(3,284) |
16,564 |
Net cash provided (used) by investing activities |
62,685 |
(219,268) |
(255,822) |
Cash flows from financing activities: |
|
|
|
Short-term borrowings, net |
(1,901) |
(43,464) |
21,637 |
Current maturities and long-term debt: |
|
|
|
Additions |
316,804 |
285,850 |
301,515 |
Reductions |
(498,600) |
(184,372) |
(297,854) |
Cash dividends paid on common stock |
(66,211) |
(66,068) |
(66,146) |
Dividends paid to noncontrolling interests |
(3,381) |
(2,605) |
(4,171) |
Purchase of noncontrolling interests |
(166) |
0 |
0 |
Contributions from noncontrolling interests |
4,825 |
8,097 |
8,851 |
Common stock issued-options |
371 |
725 |
2,403 |
Common stock acquired for treasury |
0 |
0 |
(5,788) |
Other financing activities, net |
(405) |
(2,709) |
(1) |
Net cash used by financing activities |
(248,664) |
(4,546) |
(39,554) |
Effect of exchange rate changes on cash |
(3,921) |
(999) |
(6,454) |
Net decrease in cash and cash equivalents |
(1,645) |
(25,934) |
(3,054) |
Cash and cash equivalents |
93,605 |
95,250 |
121,184 |
Cash and cash equivalents at end of period |
93,605 |
95,250 |
121,184 |
Purchase of businesses, net of cash acquired |
|
|
|
Propery, plant and equipment |
(2,437) |
0 |
(1,394) |
Other noncurrent assets and liabilites, net |
$ (412) |
$ (740) |
$ (544) |
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- Definition
The increase (decrease) during the period in the carrying amount (including both current and noncurrent portions of the accrual) of the liability pertaining to the exit from or disposal of business activities or restructuring pursuant to a duly authorized plan relating to 2010.
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Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed.
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