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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Cash flows from operating activities:      
Net income $ 194,609 $ 241,811 $ 243,528
Income from discontinued operations, net of tax (154,460) (60,106) (63,489)
Restructuring payments (27,148) (52,730) (26,080)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 159,142 148,464 126,790
Stock-based compensation 23,149 21,042 24,389
Restructuring charges and asset impairments, net 69,606 25,899 44,849
Loss on sale of businesses 17,683 0 0
Pension plan settlement 0 31,329 0
Deferred tax provision (benefit) 4,931 64,065 (1,414)
Changes in operating assets and liabilities, net of acquisitions/divestitures:      
Decrease (increase) in accounts and other receivables 8,318 (44,031) (7,165)
Decrease in finance receivables 25,638 53,280 147,836
Increase in inventories (5,588) (1,441) (213)
Increase in other current assets and prepayments (27,096) (9,881) (3,131)
Increase (decrease) in accounts payable and accrued liabilities 11,492 (2,758) (18,651)
Decrease in current and noncurrent income taxes (40,119) (28,127) (23,516)
Decrease in advance billings (10,361) (19,802) (33,665)
Change in net operating lease assets and liabilities 6,398 346 14,840
Other, net (13,259) (16,565) (23,508)
Net cash provided by operating activities: continuing operations 242,935 350,795 401,400
Net cash provided by (used in) operating activities: discontinued operations 9,272 (7,916) 52,758
Net cash provided by operating activities 252,207 342,879 454,158
Cash flows from investing activities:      
Purchases of available-for-sale securities (57,194) (81,527) (125,055)
Proceeds from sales/maturities of available-for-sale securities 108,548 175,820 113,501
Net change in short-term and other investments (78,814) 11,838 (8,285)
Capital expenditures (137,253) (137,810) (118,247)
Reserve account deposits 16,341 21,008 10,954
Acquisitions, net of cash acquired (22,100) (10,484) (482,853)
Other investing activities (10,091) (4,250) (5,750)
Net cash used in investing activities: continuing operations (180,563) (25,405) (615,735)
Net cash provided by (used in) investing activities: discontinued operations 670,130 334,532 (5,630)
Net cash provided by (used in) investing activities 489,567 309,127 (621,365)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 389,986 0 1,436,660
Principal payments of long-term debt (930,189) (570,180) (964,550)
Dividends paid to stockholders (35,361) (140,498) (139,490)
Common stock repurchases (105,000) 0 0
Other financing activities (6,076) (55,741) 35,127
Net cash (used in) provided by financing activities (686,640) (766,419) 367,747
Effect of exchange rate changes on cash and cash equivalents 2,046 (25,381) 43,959
Increase (decrease) in cash and cash equivalents 57,180 (139,794) 244,499
Cash and cash equivalents at beginning of period 867,262 1,009,021 764,522
Cash and cash equivalents at end of period 924,442 869,227 1,009,021
Less cash and cash equivalents of discontinued operations 0 1,965 0
Cash and cash equivalents of continuing operations at end of period 924,442 867,262 1,009,021
Cash interest paid 157,709 171,120 169,279
Cash income tax payments, net of refunds $ 27,109 $ 25,906 $ 53,247