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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net (loss) income $ (36,066) $ 29,549
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of debt issuance costs 2,375 70
Depreciation and amortization 42,079 9,702
Equity in undistributed earnings of associated companies, net of dividends 3,219 1,658
Acquisition-related fair value adjustments related to inventory 229 0
Deferred compensation, deferred taxes and other, net (22,033) (7,141)
Share-based compensation 7,673 1,672
Loss (gain) on disposal of property, plant and equipment and other assets 81 (39)
Insurance settlement realized (542) (306)
Indefinite-lived intangible asset impairment 38,000 0
Combination and other acquisition-related expenses, net of payments 1,860 399
Restructuring and related charges 2,202 0
Pension and other postretirement benefit expense 18,784 (21)
Increase (decrease) in cash from changes in current assets and current liabilities, net of acquisitions:    
Accounts receivable 61,659 (7,893)
Inventories (3,689) (257)
Prepaid expenses and other current assets (2,849) (2,039)
Change in restructuring liabilities (9,592) 0
Accounts payable and accrued liabilities (58,728) (2,945)
Net cash provided by operating activities 44,662 22,409
Cash flows from investing activities    
Investments in property, plant and equipment (7,534) (5,544)
Payments related to acquisitions, net of cash acquired (3,132) (500)
Proceeds from disposition of assets 11 70
Insurance settlement interest earned 37 131
Net cash used in investing activities (10,618) (5,843)
Cash flows from financing activities    
Payment of long-term debt (18,702) 0
Borrowings (repayments) on revolving credit facilities, net 205,500 (24,034)
Repayments on other debt, net (684) (6)
Dividends paid (13,662) (9,868)
Stock options exercised, other (1,923) (1,374)
Purchase of noncontrolling affiliate shareholders (1,047) 0
Distributions to noncontrolling affiliate shareholders (751) 0
Net cash provided by (used in) financing activities 168,731 (35,282)
Effect of foreign exchange rate changes on cash (4,575) 749
Net increase (decrease) in cash, cash equivalents and restricted cash 198,200 (17,967)
Cash, cash equivalents and restricted cash at the beginning of the period 143,555 124,425
Cash, cash equivalents and restricted cash at the end of the period $ 341,755 $ 106,458