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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows From (For) Operating Activities      
Net income (loss) $ (162,600) $ 146,100 $ 131,000
Adjustments to derive cash flows:      
Depreciation and amortization 384,800 396,500 423,600
Loss (Gain) on sale of business 20,900 (71,700) 0
Share-based compensation 58,500 52,200 37,700
Impairment charges 346,800 184,500 224,400
Asset abandonments 0 11,000 0
Change in financial assets 96,400 (22,100) (188,700)
Loss on extinguishment of debt 20,000 200 500
Restructuring charges 3,500 26,300 21,000
Deferred income taxes (54,500) (43,900) (17,900)
Amortization of debt premium (2,400) (4,400) (8,100)
Other non-cash adjustments, net (6,000) 26,600 (11,100)
Subtotal 705,400 701,300 612,400
Increase (decrease) in cash due to:      
Accounts receivable 168,900 (140,700) 21,000
Inventories (170,600) (67,000) (98,600)
Accounts payable (2,700) 17,000 28,800
Payroll and related taxes 10,800 (3,700) (34,500)
Accrued customer programs (43,300) (48,600) 25,500
Accrued liabilities (23,100) (23,200) (20,900)
Accrued income taxes (7,000) (74,500) 68,100
Other, net (2,200) 27,200 (8,800)
Subtotal (69,200) (313,500) (19,400)
Net cash from (for) operating activities 636,200 387,800 593,000
Cash Flows From (For) Investing Activities      
Proceeds from royalty rights 4,100 2,900 13,700
Acquisitions of businesses, net of cash acquired (168,500) (747,700) 0
Asset acquisitions (35,200) (149,100) (35,600)
Purchase of equity method investment (15,000) 0 0
Purchase of investment securities 0 0 (7,500)
Proceeds from the Royalty Pharma contingent milestone 0 250,000 0
Additions to property, plant and equipment (170,400) (137,700) (102,600)
Net proceeds from sale of business 187,800 182,500 5,200
Other investing, net 9,400 3,000 0
Net cash from (for) investing activities (187,800) (596,100) (126,800)
Cash Flows From (For) Financing Activities      
Borrowings (repayments) of revolving credit agreements and other financing, net (3,900) 500 (4,400)
Issuances of long-term debt 743,800 600,000 431,000
Payments on long-term debt (590,000) (476,000) (482,500)
Premiums on early debt retirement (19,000) 0 0
Deferred financing fees (6,700) (1,000) (2,400)
Issuance of ordinary shares 0 900 1,300
Repurchase of ordinary shares (164,200) 0 (400,000)
Cash dividends (123,900) (112,400) (104,900)
Other financing, net (17,200) (10,200) (10,000)
Net cash from (for) financing activities (181,100) 1,800 (571,900)
Effect of exchange rate changes on cash and cash equivalents 19,900 9,700 (21,900)
Net increase (decrease) in cash and cash equivalents 287,200 (196,800) (127,600)
Cash and cash equivalents, beginning of period 354,300 551,100 678,700
Cash and cash equivalents, end of period 641,500 354,300 551,100
Cash paid/received during the year for:      
Interest paid 145,800 136,800 133,800
Interest received 12,100 15,100 5,000
Income taxes paid 81,200 136,200 144,200
Income taxes refunded $ 38,300 $ 28,000 $ 5,100