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Consolidated Cash Flow Statements - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income (loss) $ 254,822 $ 64,317 $ (55,058)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 88,738 87,988 108,687
Share-based compensation 23,676 24,871 20,030
Loss on debt extinguishment 6,392 5,715 0
Asset impairments 0 140,461 113,007
Deferred income tax expense (benefit) (627) 3,575 (19,410)
Gain on sale of asset (37,891) 0 0
Changes in operating assets and liabilities, net of the effects of exchange rate changes, acquired businesses, and disposals:      
Receivables (33,605) (119,012) 70,707
Inventories 5,558 (92,984) (8,507)
Accounts payable (20,595) 135,666 (43,567)
Accrued liabilities (5,416) 61,241 7,374
Income taxes 2,335 (6,448) (22,823)
Other assets 2,881 (12,693) 2,018
Other liabilities (4,972) (20,642) 906
Net cash provided by operating activities 281,296 272,055 173,364
Cash flows from investing activities:      
Proceeds from disposal of businesses, net of cash sold 334,574 45,735 54,821
Proceeds from disposal of tangible assets 43,534 30,234 3,161
Purchase of intangible assets 0 (3,650) 0
Cash from (used for) acquisitions and investments, net of cash acquired (104,603) (73,340) 590
Capital expenditures (105,094) (90,982) (90,215)
Net cash provided by (used for) investing activities 168,411 (92,003) (31,643)
Cash flows from financing activities:      
Payments under borrowing arrangements (230,639) (360,304) (190,000)
Payments under share repurchase program (150,000) 0 (35,000)
Cash dividends paid (8,949) (9,056) (9,029)
Withholding tax payments for share-based payment awards (7,186) (5,570) (1,388)
Payments under financing lease obligations (157) (3,151) (194)
Payment of earnout consideration 0 0 (29,300)
Debt issuance costs paid 0 (8,173) 0
Payments to noncontrolling interest holders 0 (2,682) 0
Proceeds from issuance of common stock 3,717 0 0
Borrowings under credit arrangements 0 356,010 190,000
Net cash used for financing activities (393,214) (32,926) (74,911)
Effect of foreign currency exchange rate changes on cash and cash equivalents (12,574) (5,363) 9,299
Increase in cash and cash equivalents 43,919 141,763 76,109
Cash and cash equivalents, beginning of year 643,757 501,994 425,885
Cash and cash equivalents, end of year $ 687,676 $ 643,757 $ 501,994