XML 75 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net (loss) income $ (11,317) $ 7,178
Adjustments to reconcile net income (loss) to net cash used in operations:    
Depreciation and amortization 37,807 37,298
Stock-based compensation 390 869
Change in LIFO inventory reserve (8,563) (168)
Amortization of unrecognized postretirement benefits 8,385 9,131
Changes in operating assets and liabilities:    
Accounts and notes receivable 11,772 2,278
Inventories (41,123) (81,354)
Other current assets (7,848) (2,170)
Accounts payable (20,422) 2,740
Accrued liabilities (91,414) (63,228)
Other items 7,964 (8,986)
Net cash used in operating activities (114,369) (96,412)
Investing activities:    
Additions to property, plant and equipment and capitalized software (54,827) (59,867)
Proceeds from the sale of assets 65 38
Net cash used in investing activities (54,762) (59,829)
Financing activities:    
Issuances of short-term debt 273,587 6,608
Repayment of short-term debt (4,308) 0
Repayment of long-term debt and finance lease obligations (2,594) (797)
Acquisition of noncontrolling shareholder interest (62,272) 0
Payments of employee taxes withheld from share-based awards (910) (1,158)
Payment of dividends to Cooper Tire & Rubber Company stockholders (5,277) (5,262)
Issuance of common shares related to stock-based compensation 177 0
Net cash provided by (used in) financing activities 198,403 (609)
Effects of exchange rate changes on cash (875) (1,058)
Net change in cash, cash equivalents and restricted cash 28,397 (157,908)
Cash, cash equivalents and restricted cash at beginning of period 413,125 378,246
Cash, cash equivalents and restricted cash at end of period 441,522 220,338
Total cash, cash equivalents and restricted cash $ 441,522 $ 220,338