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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 314,570 $ 548,888
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 227,193 180,229
Provision for doubtful accounts 1,176 778
Amortization of debt issuance costs 1,018 1,504
Stock-based compensation expense 6,588 7,544
Loss from disposition of property, plant and equipment 6,541 2,590
Gains realized on previously held shares of Axiall common stock and from sales of securities (53,720) (3,795)
Gain on acquisition, net of loss on the fair value remeasurement of preexisting equity interest 0 (21,045)
Impairment of equity method investment 0 4,925
Deferred income taxes 105,910 7,585
Windfall tax benefits from share-based payment arrangements (1,190) (2,452)
Income from equity method investments, net of dividends (61) (1,016)
Other losses, net 833 3,584
Changes in operating assets and liabilities, net of effect of business acquisitions    
Accounts receivable (92,311) 54,937
Inventories (6,124) 105,899
Prepaid expenses and other current assets 1,631 (5,496)
Accounts payable 34,109 (30,511)
Accrued liabilities 73,157 (10,893)
Other, net (75,160) (1,955)
Net cash provided by operating activities 544,160 841,300
Cash flows from investing activities    
Acquisition of business, net of cash acquired (2,437,829) 15,782
Additions to cost method investment (4,000) 0
Additions to property, plant and equipment (467,330) (329,236)
Proceeds from disposition of assets 213 17
Proceeds from disposition of equity method investment 0 27,865
Proceeds from sales and maturities of securities 662,938 16,056
Purchase of securities (138,422) (282,542)
Settlements of derivative instruments (4,655) (1,535)
Net cash used for investing activities (2,389,085) (553,593)
Cash flows from financing activities    
Debt issuance costs (35,207) 0
Dividends paid (71,933) (67,852)
Distributions to noncontrolling interests (12,300) (10,982)
Proceeds from debt issuance 1,428,512 0
Proceeds from exercise of stock options 1,650 984
Proceeds from issuance of notes payable 5,597 19,483
Proceeds from term loan and drawdown of revolver 600,000 0
Restricted cash associated with term loan (154,000) 0
Repayment of notes payable (10,602) (32,954)
Repayment of revolver (125,000) 0
Repurchase of common stock for treasury (67,406) (114,254)
Windfall tax benefits from share-based payment arrangements 1,190 2,452
Net cash provided by (used for) financing activities 1,560,501 (203,123)
Effect of exchange rate changes on cash and cash equivalents 2,418 (3,260)
Net (decrease) increase in cash and cash equivalents (282,006) 81,324
Cash and cash equivalents at beginning of period 662,525 880,601
Cash and cash equivalents at end of period $ 380,519 $ 961,925