Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

v3.19.3.a.u2
Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities of Continuing Operations:      
Income from Continuing Operations $ 34,018,000 $ 83,202,000 $ 105,346,000
Adjustments to reconcile income from continuing operations to net cash provided by operating activities of continuing operations:      
Depreciation and amortization 68,571,000 74,579,000 75,058,000
Amortization of operating lease right-of-use assets 42,863,000    
Amortization of deferred gains on sale leaseback transactions 0 (12,774,000) (15,035,000)
Debt discount and issuance cost amortization, net 6,484,000 7,829,000 12,997,000
Amortization of share awards 5,134,000 3,907,000 32,419,000
Director stock awards 97,000 140,000 83,000
Bad debt expense (income) 2,021,000 2,067,000 (175,000)
Gains on asset dispositions and impairments, net (2,910,000) (19,583,000) (11,637,000)
Debt extinguishment losses, net 2,244,000 11,626,000 819,000
Marketable security (gains) losses, net (18,394,000) 12,431,000 1,782,000
Purchases of marketable securities (5,752,000) 0 (1,720,000)
Proceeds from sale of marketable securities 46,526,000 14,000 674,000
Derivative gains 0 0 (19,727,000)
Cash settlements on derivative transactions, net 0 0 255,000
Foreign currency (gains) losses, net 312,000 2,264,000 (323,000)
Deferred income tax expense (benefit) 8,169,000 (15,513,000) (51,477,000)
Equity in (earnings) losses of 50% or less owned companies, net of tax 5,250,000 72,000 (2,952,000)
Dividends received from 50% or less owned companies 100,000 5,907,000 12,891,000
Other, net 0 (53,902,000) 0
Changes in operating assets and liabilities:      
(Increase) decrease in receivables (30,385,000) (63,764,000) 2,195,000
Increase in prepaid expenses and other assets (6,698,000) (1,577,000) (8,174,000)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (38,377,000) 12,503,000 (25,724,000)
Net cash provided by operating activities of continuing operations 119,273,000 49,428,000 107,575,000
Cash Flows from Investing Activities of Continuing Operations:      
Purchases of property and equipment (37,786,000) (50,272,000) (114,595,000)
Proceeds from disposition of property and equipment 2,452,000 16,100,000 164,789,000
Investments in and advances to 50% or less owned companies (5,960,000) (20,586,000) (9,663,000)
Return of investments and advances from 50% or less owned companies 3,677,000 8,988,000 15,568,000
Proceeds on sale of 50% or less owned companies 0 78,015,000 0
Proceeds on sale of a controlling interest in a subsidiary 0 0 5,000,000
Payments received on third party leases and notes receivable, net 1,141,000 506,000 24,485,000
Deposits into construction reserve funds 0 0 (13,807,000)
Withdrawals from construction reserve funds 3,908,000 47,431,000 38,221,000
Business acquisitions, net of cash acquired 0 310,000 5,868,000
Net cash provided by (used in) investing activities of continuing operations (32,568,000) 80,492,000 115,866,000
Cash Flows from Financing Activities of Continuing Operations:      
Payments on long-term debt 169,625,000 225,541,000  
Repayments of Debt and Capital Lease Obligations     303,485,000
Proceeds from issuance of long-term debt, net of offering costs 120,740,000 (2,495,000) 44,900,000
Purchase of conversion option in convertible debt (146,000) (33,000) (1,354,000)
Common stock acquired for treasury (525,000) 0 (12,300,000)
Proceeds and tax benefits from share award plans 6,939,000 8,410,000 22,597,000
Purchase of subsidiary shares from noncontrolling interests (107,692,000) (29,000) 0
Distributions to noncontrolling interests 5,162,000 5,111,000 4,000
Net cash used in financing activities of continuing operations (155,471,000) (224,799,000) (249,646,000)
Effects of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (2,000) (137,000) 956,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents Period Increase (Decrease), Including Exchange Rate Effect, Continuing Operations (68,768,000) (95,016,000) (25,249,000)
Cash Flows from Discontinued Operations:      
Operating Activities 0 0 12,811,000
Investing Activities 0 0 2,720,000
Financing Activities 0 0 (7,149,000)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 0 0 208,000
Net Increase in Cash and Cash Equivalents from Discontinued Operations 0 0 8,590,000
Net Decrease in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (68,768,000) (95,016,000) (16,659,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Year 147,212,000 242,228,000 258,887,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Year 78,444,000 147,212,000 242,228,000
Restricted Cash and Restricted Cash Equivalents, End of Year 1,222,000 2,991,000 2,982,000
Cash and Cash Equivalents, End of Year $ 77,222,000 $ 144,221,000 $ 239,246,000