Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net Income $ 23,331,000 $ 34,018,000 $ 83,202,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 70,553,000 68,571,000 74,579,000
Amortization of operating lease right-of-use assets 44,732,000 42,863,000  
Amortization of deferred gains on sale leaseback transactions 0 0 (12,774,000)
Debt discount and issuance cost amortization, net 5,126,000 6,484,000 7,829,000
Amortization of share awards 6,366,000 5,134,000 3,907,000
Director stock awards 72,000 97,000 140,000
Bad debt expense 5,261,000 2,322,000 2,067,000
Gains on asset dispositions and impairments, net (10,735,000) (2,910,000) (19,583,000)
Debt extinguishment (gains) losses, net (1,348,000) 2,244,000 11,626,000
Marketable security (gains) losses, net 567,000 (18,394,000) 12,431,000
Purchases of marketable securities (228,000) (5,752,000) 0
Proceeds from sale of marketable securities 0 46,526,000 14,000
Foreign currency losses, net 382,000 312,000 2,264,000
Deferred income tax expense (benefit) (26,397,000) 8,169,000 (15,513,000)
Equity in losses of 50% or less owned companies, net of tax 10,183,000 5,250,000 72,000
Dividends received from 50% or less owned companies 2,103,000 100,000 5,907,000
Other, net 0 0 (53,902,000)
Changes in operating assets and liabilities:      
Increase in receivables (62,579,000) (30,686,000) (63,764,000)
Increase in prepaid expenses and other assets (4,013,000) (6,698,000) (1,577,000)
Increase (decrease) in accounts payable, accrued expenses and other liabilities (25,793,000) (38,377,000) 12,503,000
Net cash provided by operating activities 37,583,000 119,273,000 49,428,000
Cash Flows from Investing Activities:      
Purchases of property and equipment (31,525,000) (37,786,000) (50,272,000)
Proceeds from disposition of property and equipment 16,509,000 2,452,000 16,100,000
Investments in and advances to 50% or less owned companies (8,968,000) (5,960,000) (20,586,000)
Return of investments and advances from 50% or less owned companies 1,536,000 3,677,000 8,988,000
Proceeds on sale of 50% or less owned companies 0 0 78,015,000
Payments received on third party leases and notes receivable, net 238,000 1,141,000 506,000
Withdrawals from construction reserve funds 0 3,908,000 47,431,000
Business acquisitions, net of cash acquired (12,416,000) 0 310,000
Net cash provided by (used in) investing activities (34,626,000) (32,568,000) 80,492,000
Cash Flows from Financing Activities:      
Payments on long-term debt 71,786,000 169,625,000 225,541,000
Proceeds from issuance of long-term debt, net of issue costs 20,000,000 120,740,000 (2,495,000)
Purchase of conversion option in convertible debt 0 (146,000) (33,000)
Proceeds from other long-term financial liabilities 33,662,000 0 0
Payments of other long-term financial liabilities (847,000) 0 0
Common stock acquired for treasury (1,961,000) (525,000) 0
Proceeds from share award plans 6,247,000 6,939,000 8,410,000
Purchase of subsidiary shares from noncontrolling interests 0 (107,692,000) (29,000)
Distributions to noncontrolling interests 2,000 5,162,000 5,111,000
Net cash used in financing activities (14,687,000) (155,471,000) (224,799,000)
Effects of Exchange Rate Changes on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 108,000 (2,000) (137,000)
Net Decrease in Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (11,622,000) (68,768,000) (95,016,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning of Year 78,444,000 147,212,000 242,228,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, End of Year 66,822,000 78,444,000 147,212,000
Restricted Cash and Restricted Cash Equivalents, End of Year 1,119,000 1,222,000 2,991,000
Cash and Cash Equivalents, End of Year $ 65,703,000 $ 77,222,000 $ 144,221,000