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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net income $ 143,904 $ 98,317 $ 80,563
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 158,847 148,054 147,161
Deferred income taxes (2,855) 1,746 30,519
Stock-based compensation 6,053 4,362 3,868
Change in LIFO inventory reserve (10,365) 2,548 (3,026)
Amortization of unrecognized postretirement benefits 36,686 36,446 36,662
Goodwill impairment charge 0 0 33,827
Changes in operating assets and liabilities:      
Accounts and notes receivable 36,434 8,980 (19,729)
Inventories 89,692 14,355 27,438
Other current assets 439 15,261 (2,080)
Accounts payable 15,147 9,809 10,646
Accrued liabilities (921) (4,517) 7,635
Pension and postretirement benefits (25,188) (49,714) (77,883)
Other items 11,266 4,946 (21,298)
Net cash provided by operating activities 459,139 290,593 254,303
Investing activities:      
Additions to property, plant and equipment and capitalized software (151,198) (202,722) (193,299)
Investment in joint venture 0 (49,001) 0
Proceeds from the sale of assets 146 119 160
Net cash used in investing activities (151,052) (251,604) (193,139)
Financing activities:      
Issuance of short-term debt 324,614 12,296 19,423
Repayment of short-term debt (333,592) (15,288) (39,450)
Issuance of long-term debt 31,538 200,000 0
Repayment of long-term debt and finance lease obligations (14,247) (177,251) (1,395)
Acquisition of noncontrolling shareholder interest (62,272) 0 0
Payment of financing fees 0 (2,207) (1,230)
Repurchase of common stock 0 0 (30,183)
Payments of employee taxes withheld from share-based awards (990) (1,376) (2,111)
Payment of dividends to Cooper Tire & Rubber Company stockholders (21,132) (21,068) (21,138)
Issuance of common shares related to stock-based compensation 2,638 232 306
Net cash used in financing activities (73,443) (4,662) (75,778)
Effects of exchange rate changes on cash 1,736 552 554
Net change in cash, cash equivalents and restricted cash 236,380 34,879 (14,060)
Cash, cash equivalents and restricted cash at beginning of period 413,125 378,246 392,306
Cash, cash equivalents and restricted cash at end of period 649,505 413,125 378,246
Total cash, cash equivalents and restricted cash $ 413,125 $ 413,125 $ 378,246