XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net (loss) income $ (8,724) $ 16,568
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Amortization of debt issuance costs 3,562 792
Depreciation and amortization 62,818 23,868
Equity in undistributed earnings of associated companies, net of dividends 1,415 (129)
Acquisition-related fair value adjustments related to inventory 229 10,214
Deferred compensation, deferred taxes and other, net (30,657) (17,204)
Share-based compensation 17,820 3,042
Loss (gain) on disposal of property, plant and equipment and other assets 105 (111)
Insurance settlement realized (818) (624)
Indefinite-lived intangible asset impairment 38,000 0
Combination and other acquisition-related expenses, net of payments 2,498 (14,218)
Restructuring and related charges 3,585 24,045
Pension and other postretirement benefit expense 16,219 434
Increase (decrease) in cash from changes in current assets and current liabilities, net of acquisitions:    
Accounts receivable 30,225 2,655
Inventories 2,137 1,376
Prepaid expenses and other current assets (113) (10,931)
Change in restructuring liabilities (12,772) (4,645)
Accounts payable and accrued liabilities (13,481) 344
Net cash provided by operating activities 112,048 35,476
Cash flows from investing activities    
Investments in property, plant and equipment (12,184) (10,112)
Payments related to acquisitions, net of cash acquired (3,132) (798,064)
Proceeds from disposition of assets 11 75
Insurance settlement interest earned 41 185
Net cash used in investing activities (15,264) (807,916)
Cash flows from financing activities    
Payments of long-term debt (28,132) 0
Proceeds from long-term debt 0 750,000
(Repayments) borrowings on revolving credit facilities, net (16,485) 85,966
(Repayments) borrowings on other debt, net (527) 415
Financing-related debt issuance costs 0 (23,747)
Dividends paid (20,520) (15,003)
Stock options exercised, other 2,385 733
Purchase of noncontrolling affiliate shareholders (1,047) 0
Distributions to noncontrolling affiliate shareholders (751) 0
Net cash (used in) provided by financing activities (65,077) 798,364
Effect of foreign exchange rate changes on cash (529) (1,889)
Net increase in cash, cash equivalents and restricted cash 31,178 24,035
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 $ 174,733 $ 148,460