XML 23 R7.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income $ 59,607 $ 133,887 $ 111,657
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 494,200 464,706 410,346
Amortization of deferred debt issuance costs and premiums 1,665 2,237 2,880
Deferred income taxes (697) (17,190) (8,256)
Equity in earnings of unconsolidated affiliate (20,107) (31,654) (10,316)
Loss on debt retirement 2,530 0 11,619
Loss (gain) on disposal of fixed assets, net 1,190 1,276 (2,545)
Share-based compensation 3,852 3,700 2,971
Loss from acquisition of J-Devices 13,878 0 0
Gain on sale of subsidiary to J-Devices 0 (9,155) 0
Other, net 4,014 869 (712)
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable 122,840 (80,775) (531)
Inventories 27,677 (27,817) 38,248
Other current assets (3,309) (8,747) 10,873
Other assets (333) (954) 3,709
Trade accounts payable (48,368) 55,693 (67,198)
Accrued expenses (42,042) 16,720 32,001
Pension and severance obligations (7,321) (509) 20,748
Other non-current liabilities (31,997) 109,714 9,460
Net cash provided by operating activities 577,945 613,909 557,536
Cash flows from investing activities:      
Payments for property, plant and equipment (537,975) (681,120) (566,256)
Proceeds from sale of property, plant and equipment 6,945 2,815 27,209
Acquisition of business, net of cash acquired 22,577 0 (41,865)
Investment in J-Devices (12,908) 0 (67,372)
Disposition of business to J-Devices, net of cash transferred 8,355 (15,774) 0
Lease payments from J-Devices 0 0 8,843
Purchase of short-term investment 0 (20,000) 0
Proceeds from short-term investment 0 20,000 0
Other investing activities (1,356) (399) (1,053)
Net cash used in investing activities (514,362) (694,478) (640,494)
Cash flows from financing activities:      
Borrowings under revolving credit facilities 290,000 0 5,000
Payments under revolving credit facilities 150,000 0 5,000
Proceeds from issuance of long-term debt 400,000 80,000 375,000
Payments of long-term debt (530,000) (145,000) (80,000)
Payments for debt issuance costs (312) (903) (3,216)
Payments for retirement of debt 0 0 (11,619)
Payment of deferred consideration for an acquisition 0 (18,763) 0
Proceeds from issuance of stock through share-based compensation plans 931 6,250 446
Payments of tax withholding for restricted shares (730) (1,579) (466)
Subsidiary dividends paid to noncontrolling interest (246) 0 0
Net cash provided by (used in) financing activities 9,643 (79,995) 280,145
Effect of exchange rate fluctuations on cash and cash equivalents 0 68 207
Net increase (decrease) in cash and cash equivalents 73,226 (160,496) 197,394
Cash and cash equivalents, beginning of period 449,946 610,442 413,048
Cash and cash equivalents, end of period 523,172 449,946 610,442
Cash paid during the period for:      
Interest 96,227 100,650 100,577
Income taxes 35,084 37,315 18,318
Non-cash investing and financing activities:      
Property, plant and equipment included in capital expenditures payable 242,980 127,568 104,800
Common stock issuance for conversion and exchange in 2014 and 2013, respectively, of 6.0% convertible senior subordinated notes due April 2014, $150 million related party in 2013 $ 0 $ 56,350 $ 193,650