v3.19.3.a.u2
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
|
|
|
Cash flows from operating activities: |
|
|
|
Net income |
$ 221,809
|
$ 205,191
|
$ 38,781
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
Depreciation and amortization |
100,038
|
97,906
|
92,993
|
Amortization of debt discount, premium and issuance costs |
3,880
|
4,642
|
6,092
|
Loss (gain) on extinguishment of debt |
8,189
|
(3,170)
|
56,657
|
Deferred income taxes |
50,994
|
51,823
|
49,104
|
Stock compensation expense |
12,239
|
14,420
|
13,508
|
Net (gain) loss on sales of assets and asset impairments |
(949)
|
(1,393)
|
6,965
|
Changes in assets and liabilities, net of assets acquired and liabilities assumed: |
|
|
|
Receivables |
42,789
|
(9,221)
|
(75,673)
|
Inventories |
44,202
|
(5,425)
|
(60,645)
|
Other current assets |
4,674
|
(10,356)
|
8
|
Other assets and liabilities |
1,611
|
5,637
|
8,315
|
Accounts payable |
4,070
|
(89,392)
|
65,764
|
Accrued liabilities |
10,500
|
22,168
|
(23,341)
|
Net cash provided by operating activities |
504,046
|
282,830
|
178,528
|
Cash flows from investing activities: |
|
|
|
Purchases of property, plant and equipment |
(112,870)
|
(101,411)
|
(62,407)
|
Proceeds from sale of property, plant and equipment |
6,545
|
4,753
|
2,981
|
Cash used for acquisitions |
(92,855)
|
|
|
Net cash used in investing activities |
(199,180)
|
(96,658)
|
(59,426)
|
Cash flows from financing activities: |
|
|
|
Borrowings under revolving credit facility |
1,040,000
|
1,662,000
|
1,370,000
|
Repayments under revolving credit facility |
(1,192,000)
|
(1,833,000)
|
(1,020,000)
|
Proceeds from long-term debt and other loans |
478,375
|
3,818
|
|
Repayments of long-term debt and other loans |
(610,834)
|
(65,312)
|
(379,926)
|
Payments of debt extinguishment costs |
(2,301)
|
(134)
|
(48,704)
|
Payments of loan costs |
(8,618)
|
|
(2,799)
|
Exercise of stock options |
4,873
|
3,945
|
8,055
|
Repurchase of common stock |
(10,392)
|
(4,895)
|
(2,644)
|
Net cash used in financing activities |
(300,897)
|
(233,578)
|
(76,018)
|
Net increase (decrease) in cash and cash equivalents |
3,969
|
(47,406)
|
43,084
|
Cash and cash equivalents at beginning of period |
10,127
|
57,533
|
14,449
|
Cash and cash equivalents at end of period |
$ 14,096
|
$ 10,127
|
$ 57,533
|
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