XML 98 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
OPERATING ACTIVITIES      
Net income $ 83,072us-gaap_ProfitLoss $ 87,362us-gaap_ProfitLoss $ 72,324us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 43,176us-gaap_DepreciationAndAmortization 40,389us-gaap_DepreciationAndAmortization 32,196us-gaap_DepreciationAndAmortization
Interest accretion of convertible notes discount 10,662us-gaap_AmortizationOfDebtDiscountPremium 9,854us-gaap_AmortizationOfDebtDiscountPremium 9,109us-gaap_AmortizationOfDebtDiscountPremium
Financing costs amortization 1,392us-gaap_AmortizationOfFinancingCosts 1,306us-gaap_AmortizationOfFinancingCosts 1,530us-gaap_AmortizationOfFinancingCosts
Employee share-based compensation expense 9,420us-gaap_StockOptionPlanExpense 9,989us-gaap_StockOptionPlanExpense 7,461us-gaap_StockOptionPlanExpense
Impairment of intangible assets 0us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges 3,070us-gaap_AssetImpairmentCharges
Unrealized foreign currency transaction (gain) loss (1,606)us-gaap_ForeignCurrencyTransactionGainLossUnrealized (3,388)us-gaap_ForeignCurrencyTransactionGainLossUnrealized 96us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Deferred income tax benefit (248)us-gaap_DeferredIncomeTaxExpenseBenefit (1,607)us-gaap_DeferredIncomeTaxExpenseBenefit (4,518)us-gaap_DeferredIncomeTaxExpenseBenefit
Reversal of contingent consideration liability 0us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 0us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 (4,620)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Other non-cash operating activities (170)us-gaap_OtherNoncashIncomeExpense 4,514us-gaap_OtherNoncashIncomeExpense 6,165us-gaap_OtherNoncashIncomeExpense
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable 43,079us-gaap_IncreaseDecreaseInAccountsReceivable (69,287)us-gaap_IncreaseDecreaseInAccountsReceivable 3,422us-gaap_IncreaseDecreaseInAccountsReceivable
Inventory (8,150)us-gaap_IncreaseDecreaseInInventories (12,679)us-gaap_IncreaseDecreaseInInventories (15,777)us-gaap_IncreaseDecreaseInInventories
Unbilled contract revenues and other assets (51,467)gtls_IncreaseDecreaseInUnbilledReceivablesAndOtherCurrentAssets (10,875)gtls_IncreaseDecreaseInUnbilledReceivablesAndOtherCurrentAssets (7,465)gtls_IncreaseDecreaseInUnbilledReceivablesAndOtherCurrentAssets
Accounts payable and other liabilities 11,660gtls_IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities (5,259)gtls_IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities 2,936gtls_IncreaseDecreaseInAccountsPayableAndOtherCurrentLiabilities
Deferred income taxes (3,690)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (793)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 663us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Customer advances and billings in excess of contract revenue (18,413)gtls_IncreaseDecreaseInCustomerAdvancesAndBillingsInExcessOfCost 10,137gtls_IncreaseDecreaseInCustomerAdvancesAndBillingsInExcessOfCost (18,951)gtls_IncreaseDecreaseInCustomerAdvancesAndBillingsInExcessOfCost
Net Cash Provided By Operating Activities 118,717us-gaap_NetCashProvidedByUsedInOperatingActivities 59,663us-gaap_NetCashProvidedByUsedInOperatingActivities 87,641us-gaap_NetCashProvidedByUsedInOperatingActivities
INVESTING ACTIVITIES      
Capital expenditures (62,135)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (72,585)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (43,685)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from sale of assets 1,593us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 569us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 2,073us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Acquisition of businesses, net of cash acquired (11,943)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (2,965)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (182,450)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Other investing activities 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities (285)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net Cash Used In Investing Activities (72,485)us-gaap_NetCashProvidedByUsedInInvestingActivities (74,981)us-gaap_NetCashProvidedByUsedInInvestingActivities (224,347)us-gaap_NetCashProvidedByUsedInInvestingActivities
FINANCING ACTIVITIES      
Proceeds from long-term debt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 0us-gaap_ProceedsFromIssuanceOfLongTermDebt 21,375us-gaap_ProceedsFromIssuanceOfLongTermDebt
Borrowings on revolving credit facilities 88,819us-gaap_ProceedsFromLinesOfCredit 214,623us-gaap_ProceedsFromLinesOfCredit 73,012us-gaap_ProceedsFromLinesOfCredit
Repayments on revolving credit facilities (87,162)us-gaap_RepaymentsOfLinesOfCredit (211,403)us-gaap_RepaymentsOfLinesOfCredit (77,770)us-gaap_RepaymentsOfLinesOfCredit
Payments on long-term debt (68,437)us-gaap_RepaymentsOfLongTermDebt (3,750)us-gaap_RepaymentsOfLongTermDebt (4,438)us-gaap_RepaymentsOfLongTermDebt
Payments for debt issuance costs (1,321)us-gaap_PaymentsOfFinancingCosts 0us-gaap_PaymentsOfFinancingCosts (1,445)us-gaap_PaymentsOfFinancingCosts
Payment of contingent consideration (741)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 0us-gaap_ProceedsFromPaymentsForOtherFinancingActivities (1,300)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Proceeds from exercise of stock options 763us-gaap_ProceedsFromStockOptionsExercised 5,335us-gaap_ProceedsFromStockOptionsExercised 3,519us-gaap_ProceedsFromStockOptionsExercised
Excess tax benefit from exercise of stock options 1,859us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 6,673us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 8,972us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Common stock repurchases (3,367)us-gaap_PaymentsForRepurchaseOfCommonStock (2,002)us-gaap_PaymentsForRepurchaseOfCommonStock (4,484)us-gaap_PaymentsForRepurchaseOfCommonStock
Dividend distribution to noncontrolling interest (1,206)us-gaap_PaymentsOfDividendsMinorityInterest (1,369)us-gaap_PaymentsOfDividendsMinorityInterest 0us-gaap_PaymentsOfDividendsMinorityInterest
Net Cash (Used In) Provided By Financing Activities (70,793)us-gaap_NetCashProvidedByUsedInFinancingActivities 8,107us-gaap_NetCashProvidedByUsedInFinancingActivities 17,441us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash (9,128)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 3,058us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 3,902us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net decrease in cash and cash equivalents (33,689)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (4,153)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (115,363)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 137,345us-gaap_CashAndCashEquivalentsAtCarryingValue 141,498us-gaap_CashAndCashEquivalentsAtCarryingValue 256,861us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 103,656us-gaap_CashAndCashEquivalentsAtCarryingValue $ 137,345us-gaap_CashAndCashEquivalentsAtCarryingValue $ 141,498us-gaap_CashAndCashEquivalentsAtCarryingValue