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Consolidating Guarantor Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Condensed Balance Sheet | Consolidating Balance Sheet December 31, 2014
(In Thousands) | Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Assets |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1,930,802 |  |  | $ | — |  |  | $ | 558,966 |  |  | $ | — |  |  | $ | 2,489,768 |
Trade accounts receivable, less allowance for doubtful accounts | 91,849 |  |  | — |  |  | 293,363 |  |  | — |  |  | 385,212 |
Other accounts receivable | 19,033 |  |  | — |  |  | 30,390 |  |  | — |  |  | 49,423 |
Intergroup receivable | 74,102 |  |  | — |  |  | 18,097 |  |  | (92,199 | ) |  | — |
Inventories | 201,006 |  |  | — |  |  | 171,543 |  |  | (14,188 | ) |  | 358,361 |
Other current assets | 45,901 |  |  | — |  |  | 25,111 |  |  | (4,926 | ) |  | 66,086 |
Total current assets | 2,362,693 |  |  | — |  |  | 1,097,470 |  |  | (111,313 | ) |  | 3,348,850 |
Property, plant and equipment, at cost | 1,726,690 |  |  | — |  |  | 893,980 |  |  | — |  |  | 2,620,670 |
Less accumulated depreciation and amortization | 1,047,372 |  |  | — |  |  | 341,430 |  |  | — |  |  | 1,388,802 |
Net property, plant and equipment | 679,318 |  |  | — |  |  | 552,550 |  |  | — |  |  | 1,231,868 |
Investments | 73,500 |  |  | — |  |  | 120,542 |  |  | — |  |  | 194,042 |
Investment in subsidiaries | 1,551,071 |  |  | — |  |  | — |  |  | (1,551,071 | ) |  | — |
Other assets | 35,837 |  |  | — |  |  | 125,119 |  |  | — |  |  | 160,956 |
Goodwill | 49,212 |  |  | — |  |  | 194,050 |  |  | — |  |  | 243,262 |
Other intangibles, net of amortization | 20,834 |  |  | — |  |  | 23,291 |  |  | — |  |  | 44,125 |
Total assets | $ | 4,772,465 |  |  | $ | — |  |  | $ | 2,113,022 |  |  | $ | (1,662,384 | ) |  | $ | 5,223,103 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 122,479 |  |  | $ | — |  |  | $ | 109,226 |  |  | $ | — |  |  | $ | 231,705 |
Intergroup payable | 18,097 |  |  | — |  |  | 74,102 |  |  | (92,199 | ) |  | — |
Accrued expenses | 84,619 |  |  | — |  |  | 81,555 |  |  | — |  |  | 166,174 |
Current portion of long-term debt | 692,280 |  |  | — |  |  | 18,816 |  |  | — |  |  | 711,096 |
Dividends payable | 21,458 |  |  | — |  |  | — |  |  | — |  |  | 21,458 |
Income taxes payable | 1,396 |  |  | — |  |  | 7,944 |  |  | 113 |  |  | 9,453 |
Total current liabilities | 940,329 |  |  | — |  |  | 291,643 |  |  | (92,086 | ) |  | 1,139,886 |
Long-term debt | 2,214,755 |  |  | — |  |  | 8,280 |  |  | — |  |  | 2,223,035 |
Postretirement benefits | 56,424 |  |  | — |  |  | — |  |  | — |  |  | 56,424 |
Pension benefits | 128,238 |  |  | — |  |  | 42,296 |  |  | — |  |  | 170,534 |
Other noncurrent liabilities | 51,936 |  |  | — |  |  | 35,769 |  |  | — |  |  | 87,705 |
Deferred income taxes | 21,318 |  |  | — |  |  | 35,566 |  |  | — |  |  | 56,884 |
Commitments and contingencies |  |  |  |  |  |  |  |  |
Equity: |  |  |  |  |  |  |  |  |
Albemarle Corporation shareholders’ equity: |  |  |  |  |  |  |  |  |
Common stock | 780 |  |  | — |  |  | 6,808 |  |  | (6,808 | ) |  | 780 |
Additional paid-in capital | 10,447 |  |  | — |  |  | 553,172 |  |  | (553,172 | ) |  | 10,447 |
Accumulated other comprehensive loss | (62,413 | ) |  | — |  |  | (51,073 | ) |  | 51,073 |  |  | (62,413 | )
Retained earnings | 1,410,651 |  |  | — |  |  | 1,061,391 |  |  | (1,061,391 | ) |  | 1,410,651 |
Total Albemarle Corporation shareholders’ equity | 1,359,465 |  |  | — |  |  | 1,570,298 |  |  | (1,570,298 | ) |  | 1,359,465 |
Noncontrolling interests | — |  |  | — |  |  | 129,170 |  |  | — |  |  | 129,170 |
Total equity | 1,359,465 |  |  | — |  |  | 1,699,468 |  |  | (1,570,298 | ) |  | 1,488,635 |
Total liabilities and equity | $ | 4,772,465 |  |  | $ | — |  |  | $ | 2,113,022 |  |  | $ | (1,662,384 | ) |  | $ | 5,223,103 |
Condensed Consolidating Balance Sheet December 31, 2013
(In Thousands) | Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Assets |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 88,476 |  |  | $ | — |  |  | $ | 388,763 |  |  | $ | — |  |  | $ | 477,239 |
Trade accounts receivable, less allowance for doubtful accounts | 149,834 |  |  | — |  |  | 297,030 |  |  | — |  |  | 446,864 |
Other accounts receivable | 11,812 |  |  | — |  |  | 33,282 |  |  | — |  |  | 45,094 |
Intergroup receivable | 88,090 |  |  | — |  |  | 28,433 |  |  | (116,523 | ) |  | — |
Inventories | 219,390 |  |  | — |  |  | 234,975 |  |  | (18,316 | ) |  | 436,049 |
Other current assets | 52,457 |  |  | — |  |  | 28,979 |  |  | (3,767 | ) |  | 77,669 |
Total current assets | 610,059 |  |  | — |  |  | 1,011,462 |  |  | (138,606 | ) |  | 1,482,915 |
Property, plant and equipment, at cost | 1,999,398 |  |  | — |  |  | 972,686 |  |  | — |  |  | 2,972,084 |
Less accumulated depreciation and amortization | 1,268,205 |  |  | — |  |  | 346,810 |  |  | — |  |  | 1,615,015 |
Net property, plant and equipment | 731,193 |  |  | — |  |  | 625,876 |  |  | — |  |  | 1,357,069 |
Investments | 69,616 |  |  | — |  |  | 142,562 |  |  | — |  |  | 212,178 |
Investment in subsidiaries | 1,611,662 |  |  | — |  |  | — |  |  | (1,611,662 | ) |  | — |
Other assets | 18,621 |  |  | — |  |  | 141,608 |  |  | — |  |  | 160,229 |
Goodwill | 49,212 |  |  | — |  |  | 234,991 |  |  | — |  |  | 284,203 |
Other intangibles, net of amortization | 35,003 |  |  | — |  |  | 53,200 |  |  | — |  |  | 88,203 |
Total assets | $ | 3,125,366 |  |  | $ | — |  |  | $ | 2,209,699 |  |  | $ | (1,750,268 | ) |  | $ | 3,584,797 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |
Accounts payable | $ | 107,781 |  |  | $ | — |  |  | $ | 100,400 |  |  | $ | — |  |  | $ | 208,181 |
Intergroup payable | 28,433 |  |  | — |  |  | 88,090 |  |  | (116,523 | ) |  | — |
Accrued expenses | 92,273 |  |  | — |  |  | 84,143 |  |  |  |  |  | 176,416 |
Current portion of long-term debt | 99 |  |  | — |  |  | 24,455 |  |  | — |  |  | 24,554 |
Dividends payable | 19,197 |  |  | — |  |  | — |  |  | — |  |  | 19,197 |
Income taxes payable | 2,364 |  |  | — |  |  | 5,651 |  |  | — |  |  | 8,015 |
Total current liabilities | 250,147 |  |  | — |  |  | 302,739 |  |  | (116,523 | ) |  | 436,363 |
Long-term debt | 1,035,977 |  |  | — |  |  | 18,333 |  |  | — |  |  | 1,054,310 |
Postretirement benefits | 53,903 |  |  | — |  |  | — |  |  | — |  |  | 53,903 |
Pension benefits | 20,931 |  |  | — |  |  | 36,716 |  |  | — |  |  | 57,647 |
Other noncurrent liabilities | 61,095 |  |  | — |  |  | 49,515 |  |  | — |  |  | 110,610 |
Deferred income taxes | 75,952 |  |  | — |  |  | 53,236 |  |  | — |  |  | 129,188 |
Commitments and contingencies |  |  |  |  |  |  |  |  |
Equity: |  |  |  |  |  |  |  |  |
Albemarle Corporation shareholders’ equity: |  |  |  |  |  |  |  |  |
Common stock | 801 |  |  | — |  |  | 6,807 |  |  | (6,807 | ) |  | 801 |
Additional paid-in capital | 9,957 |  |  | — |  |  | 549,265 |  |  | (549,265 | ) |  | 9,957 |
Accumulated other comprehensive income | 116,245 |  |  | — |  |  | 111,038 |  |  | (111,038 | ) |  | 116,245 |
Retained earnings | 1,500,358 |  |  | — |  |  | 966,635 |  |  | (966,635 | ) |  | 1,500,358 |
Total Albemarle Corporation shareholders’ equity | 1,627,361 |  |  | — |  |  | 1,633,745 |  |  | (1,633,745 | ) |  | 1,627,361 |
Noncontrolling interests | — |  |  | — |  |  | 115,415 |  |  | — |  |  | 115,415 |
Total equity | 1,627,361 |  |  | — |  |  | 1,749,160 |  |  | (1,633,745 | ) |  | 1,742,776 |
Total liabilities and equity | $ | 3,125,366 |  |  | $ | — |  |  | $ | 2,209,699 |  |  | $ | (1,750,268 | ) |  | $ | 3,584,797 |
Condensed Income Statement | Consolidating Statement of Income Year Ended December 31, 2014
(In Thousands) | Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Net sales | $ | 1,565,965 |  |  | $ | — |  |  | $ | 1,565,241 |  |  | $ | (685,658 | ) |  | $ | 2,445,548 |
Cost of goods sold | 1,095,072 |  |  | — |  |  | 1,269,415 |  |  | (689,787 | ) |  | 1,674,700 |
Gross profit | 470,893 |  |  | — |  |  | 295,826 |  |  | 4,129 |  |  | 770,848 |
Selling, general and administrative expenses | 252,098 |  |  | — |  |  | 103,037 |  |  | — |  |  | 355,135 |
Research and development expenses | 55,856 |  |  | — |  |  | 32,454 |  |  | — |  |  | 88,310 |
Restructuring and other charges, net | 9,871 |  |  | — |  |  | 16,076 |  |  | — |  |  | 25,947 |
Acquisition and integration related costs | 30,158 |  |  | — |  |  | — |  |  | — |  |  | 30,158 |
Intercompany service fee | 26,123 |  |  | — |  |  | (26,123 | ) |  | — |  |  | — |
Operating profit | 96,787 |  |  | — |  |  | 170,382 |  |  | 4,129 |  |  | 271,298 |
Interest and financing expenses | (41,361 | ) |  | — |  |  | 3 |  |  | — |  |  | (41,358 | )
Other expenses, net | (10,534 | ) |  | — |  |  | (6,227 | ) |  | — |  |  | (16,761 | )
Income from continuing operations before income taxes and equity in net income of unconsolidated investments | 44,892 |  |  | — |  |  | 164,158 |  |  | 4,129 |  |  | 213,179 |
Income tax expense | 5,464 |  |  | — |  |  | 11,513 |  |  | 1,507 |  |  | 18,484 |
Income from continuing operations before equity in net income of unconsolidated investments | 39,428 |  |  | — |  |  | 152,645 |  |  | 2,622 |  |  | 194,695 |
Equity in net income of unconsolidated investments (net of tax) | 6,956 |  |  | — |  |  | 28,786 |  |  | — |  |  | 35,742 |
Net income from continuing operations | 46,384 |  |  | — |  |  | 181,431 |  |  | 2,622 |  |  | 230,437 |
Loss from discontinued operations (net of tax) | (19,373 | ) |  | — |  |  | (50,158 | ) |  | — |  |  | (69,531 | )
Equity in undistributed earnings of subsidiaries | 106,305 |  |  | — |  |  | — |  |  | (106,305 | ) |  | — |
Net income | 133,316 |  |  | — |  |  | 131,273 |  |  | (103,683 | ) |  | 160,906 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (27,590 | ) |  | — |  |  | (27,590 | )
Net income attributable to Albemarle Corporation | $ | 133,316 |  |  | $ | — |  |  | $ | 103,683 |  |  | $ | (103,683 | ) |  | $ | 133,316 |
Condensed Consolidating Statement of Comprehensive Loss Year Ended December 31, 2014
(In Thousands) | Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Net income | $ | 133,316 |  |  | $ | — |  |  | $ | 131,273 |  |  | $ | (103,683 | ) |  | $ | 160,906 |
Total other comprehensive loss, net of tax | (178,658 | ) |  | — |  |  | (163,199 | ) |  | 163,119 |  |  | (178,738 | )
Comprehensive loss | (45,342 | ) |  | — |  |  | (31,926 | ) |  | 59,436 |  |  | (17,832 | )
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (27,510 | ) |  | — |  |  | (27,510 | )
Comprehensive loss attributable to Albemarle Corporation | $ | (45,342 | ) |  | $ | — |  |  | $ | (59,436 | ) |  | $ | 59,436 |  |  | $ | (45,342 | )
Condensed Consolidating Statement of Income Year Ended December 31, 2013
(In Thousands) | Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Net sales | $ | 1,563,483 |  |  | $ | — |  |  | $ | 1,437,664 |  |  | $ | (606,877 | ) |  | $ | 2,394,270 |
Cost of goods sold | 1,025,989 |  |  | — |  |  | 1,131,158 |  |  | (613,348 | ) |  | 1,543,799 |
Gross profit | 537,494 |  |  | — |  |  | 306,506 |  |  | 6,471 |  |  | 850,471 |
Selling, general and administrative expenses | 60,818 |  |  | — |  |  | 97,371 |  |  | — |  |  | 158,189 |
Research and development expenses | 51,794 |  |  | — |  |  | 30,452 |  |  | — |  |  | 82,246 |
Restructuring and other charges, net | 23,880 |  |  | — |  |  | 9,481 |  |  | — |  |  | 33,361 |
Intercompany service fee | 18,038 |  |  | — |  |  | (18,038 | ) |  | — |  |  | — |
Operating profit | 382,964 |  |  | — |  |  | 187,240 |  |  | 6,471 |  |  | 576,675 |
Interest and financing expenses | (33,537 | ) |  | — |  |  | 1,978 |  |  | — |  |  | (31,559 | )
Intergroup interest and financing expenses | (87 | ) |  | — |  |  | 87 |  |  | — |  |  | — |
Other (expenses) income, net | (9,281 | ) |  | — |  |  | 2,607 |  |  | — |  |  | (6,674 | )
Income from continuing operations before income taxes and equity in net income of unconsolidated investments | 340,059 |  |  | — |  |  | 191,912 |  |  | 6,471 |  |  | 538,442 |
Income tax expense | 128,645 |  |  | — |  |  | 3,436 |  |  | 2,364 |  |  | 134,445 |
Income from continuing operations before equity in net income of unconsolidated investments | 211,414 |  |  | — |  |  | 188,476 |  |  | 4,107 |  |  | 403,997 |
Equity in net income of unconsolidated investments (net of tax) | 6,940 |  |  | — |  |  | 24,789 |  |  | — |  |  | 31,729 |
Net income from continuing operations | 218,354 |  |  | — |  |  | 213,265 |  |  | 4,107 |  |  | 435,726 |
Income (loss) from discontinued operations (net of tax) | 6,906 |  |  | — |  |  | (2,798 | ) |  | — |  |  | 4,108 |
Equity in undistributed earnings of subsidiaries | 187,911 |  |  | — |  |  | — |  |  | (187,911 | ) |  | — |
Net income | 413,171 |  |  | — |  |  | 210,467 |  |  | (183,804 | ) |  | 439,834 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (26,663 | ) |  | — |  |  | (26,663 | )
Net income attributable to Albemarle Corporation | $ | 413,171 |  |  | $ | — |  |  | $ | 183,804 |  |  | $ | (183,804 | ) |  | $ | 413,171 |
Condensed Consolidating Statement of Comprehensive Income (Loss) Year Ended December 31, 2013
(In Thousands) | Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Net income | $ | 413,171 |  |  | $ | — |  |  | $ | 210,467 |  |  | $ | (183,804 | ) |  | $ | 439,834 |
Total other comprehensive income (loss), net of tax | 30,981 |  |  | — |  |  | (264,363 | ) |  | 264,719 |  |  | 31,337 |
Comprehensive income (loss) | 444,152 |  |  | — |  |  | (53,896 | ) |  | 80,915 |  |  | 471,171 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (27,019 | ) |  | — |  |  | (27,019 | )
Comprehensive income (loss) attributable to Albemarle Corporation | $ | 444,152 |  |  | $ | — |  |  | $ | (80,915 | ) |  | $ | 80,915 |  |  | $ | 444,152 |
Condensed Consolidating Statement of Income Year Ended December 31, 2012
(In Thousands) | Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Net sales | $ | 1,726,884 |  |  | $ | — |  |  | $ | 1,560,043 |  |  | $ | (767,773 | ) |  | $ | 2,519,154 |
Cost of goods sold | 1,093,330 |  |  | — |  |  | 1,297,875 |  |  | (770,894 | ) |  | 1,620,311 |
Gross profit | 633,554 |  |  | — |  |  | 262,168 |  |  | 3,121 |  |  | 898,843 |
Selling, general and administrative expenses | 204,029 |  |  | — |  |  | 104,427 |  |  | — |  |  | 308,456 |
Research and development expenses | 47,763 |  |  | — |  |  | 31,156 |  |  | — |  |  | 78,919 |
Restructuring and other charges, net | 12,711 |  |  | — |  |  | 98,974 |  |  | — |  |  | 111,685 |
Intercompany service fee | 26,132 |  |  | — |  |  | (26,132 | ) |  | — |  |  | — |
Operating profit | 342,919 |  |  | — |  |  | 53,743 |  |  | 3,121 |  |  | 399,783 |
Interest and financing expenses | (33,193 | ) |  | — |  |  | 393 |  |  | — |  |  | (32,800 | )
Other (expenses) income, net | (2,731 | ) |  | — |  |  | 3,960 |  |  | — |  |  | 1,229 |
Income from continuing operations before income taxes and equity in net income of unconsolidated investments | 306,995 |  |  | — |  |  | 58,096 |  |  | 3,121 |  |  | 368,212 |
Income tax expense (benefit) | 80,444 |  |  | — |  |  | (1,150 | ) |  | 1,139 |  |  | 80,433 |
Income from continuing operations before equity in net income of unconsolidated investments | 226,551 |  |  | — |  |  | 59,246 |  |  | 1,982 |  |  | 287,779 |
Equity in net income of unconsolidated investments (net of tax) | 8,863 |  |  | — |  |  | 29,204 |  |  | — |  |  | 38,067 |
Net income from continuing operations | 235,414 |  |  | — |  |  | 88,450 |  |  | 1,982 |  |  | 325,846 |
Income (loss) from discontinued operations (net of tax) | 8,987 |  |  | — |  |  | (4,706 | ) |  | — |  |  | 4,281 |
Equity in undistributed earnings of subsidiaries | 67,135 |  |  | — |  |  | — |  |  | (67,135 | ) |  | — |
Net income | 311,536 |  |  | — |  |  | 83,744 |  |  | (65,153 | ) |  | 330,127 |
Net income attributable to noncontrolling interests | — |  |  | — |  |  | (18,591 | ) |  | — |  |  | (18,591 | )
Net income attributable to Albemarle Corporation | $ | 311,536 |  |  | $ | — |  |  | $ | 65,153 |  |  | $ | (65,153 | ) |  | $ | 311,536 |
Condensed Consolidating Statement of Comprehensive Income Year Ended December 31, 2012
(In Thousands) | Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Net income | $ | 311,536 |  |  | $ | — |  |  | $ | 83,744 |  |  | $ | (65,153 | ) |  | $ | 330,127 |
Total other comprehensive income, net of tax | 24,935 |  |  | — |  |  | 44,721 |  |  | (44,824 | ) |  | 24,832 |
Comprehensive income | 336,471 |  |  | — |  |  | 128,465 |  |  | (109,977 | ) |  | 354,959 |
Comprehensive income attributable to noncontrolling interests | — |  |  | — |  |  | (18,488 | ) |  | — |  |  | (18,488 | )
Comprehensive income attributable to Albemarle Corporation | $ | 336,471 |  |  | $ | — |  |  | $ | 109,977 |  |  | $ | (109,977 | ) |  | $ | 336,471 |
Condensed Cash Flow Statement | Consolidating Statement Of Cash Flows Year Ended December 31, 2014
(In Thousands) | Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Cash and cash equivalents at beginning of year | $ | 88,476 |  |  | $ | — |  |  | $ | 388,763 |  |  | $ | — |  |  | $ | 477,239 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | 227,426 |  |  | — |  |  | 273,176 |  |  | (7,993 | ) |  | 492,609 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (81,624 | ) |  | — |  |  | (28,952 | ) |  | — |  |  | (110,576 | )
Cash proceeds from divestitures, net | 97,523 |  |  | — |  |  | 7,195 |  |  | — |  |  | 104,718 |
Payment for settlement of interest rate swap | (33,425 | ) |  | — |  |  | — |  |  | — |  |  | (33,425 | )
Sales of (investments in) marketable securities, net | 668 |  |  | — |  |  | (19 | ) |  | — |  |  | 649 |
Long-term advances to joint ventures | — |  |  | — |  |  | (7,499 | ) |  | — |  |  | (7,499 | )
Net cash used in investing activities | (16,858 | ) |  | — |  |  | (29,275 | ) |  | — |  |  | (46,133 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Proceeds from issuance of senior notes | 1,888,197 |  |  | — |  |  | — |  |  | — |  |  | 1,888,197 |
Repayments of long-term debt | (108 | ) |  | — |  |  | (5,909 | ) |  | — |  |  | (6,017 | )
Other borrowings (repayments), net | 4,178 |  |  | — |  |  | (10,003 | ) |  | — |  |  | (5,825 | )
Dividends paid to shareholders | (84,102 | ) |  | — |  |  | — |  |  | — |  |  | (84,102 | )
Dividends paid to noncontrolling interests | — |  |  | — |  |  | (15,535 | ) |  | — |  |  | (15,535 | )
Intercompany dividends paid | — |  |  | — |  |  | (7,993 | ) |  | 7,993 |  |  | — |
Repurchases of common stock | (150,000 | ) |  | — |  |  | — |  |  | — |  |  | (150,000 | )
Proceeds from exercise of stock options | 2,713 |  |  | — |  |  | — |  |  | — |  |  | 2,713 |
Excess tax benefits realized from stock-based compensation arrangements | 826 |  |  | — |  |  | — |  |  | — |  |  | 826 |
Withholding taxes paid on stock-based compensation award distributions | (3,284 | ) |  | — |  |  | — |  |  | — |  |  | (3,284 | )
Debt financing costs | (17,644 | ) |  | — |  |  | — |  |  | — |  |  | (17,644 | )
Net cash provided by (used in) financing activities | 1,640,776 |  |  | — |  |  | (39,440 | ) |  | 7,993 |  |  | 1,609,329 |
Net effect of foreign exchange on cash and cash equivalents | (9,018 | ) |  | — |  |  | (34,258 | ) |  | — |  |  | (43,276 | )
Increase in cash and cash equivalents | 1,842,326 |  |  | — |  |  | 170,203 |  |  | — |  |  | 2,012,529 |
Cash and cash equivalents at end of year | $ | 1,930,802 |  |  | $ | — |  |  | $ | 558,966 |  |  | $ | — |  |  | $ | 2,489,768 |
Condensed Consolidating Statement Of Cash Flows Year Ended December 31, 2013
(In Thousands) | Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Cash and cash equivalents at beginning of year | $ | 145,999 |  |  | $ | — |  |  | $ | 331,697 |  |  | $ | — |  |  | $ | 477,696 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | 270,179 |  |  | — |  |  | 177,806 |  |  | (15,126 | ) |  | 432,859 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (79,441 | ) |  | — |  |  | (75,905 | ) |  | — |  |  | (155,346 | )
Cash payments related to acquisitions and other | (250 | ) |  | — |  |  | (2,315 | ) |  | — |  |  | (2,565 | )
Sales of (investments in) marketable securities, net | 186 |  |  | — |  |  | (17 | ) |  | — |  |  | 169 |
Proceeds from intercompany investing related activity | 47,393 |  |  | — |  |  | 43,850 |  |  | (91,243 | ) |  | — |
Intercompany investing related payments | — |  |  | — |  |  | (43,850 | ) |  | 43,850 |  |  | — |
Net cash used in investing activities | (32,112 | ) |  | — |  |  | (78,237 | ) |  | (47,393 | ) |  | (157,742 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Repayments of long-term debt | (117,097 | ) |  | — |  |  | (18,636 | ) |  | — |  |  | (135,733 | )
Proceeds from borrowings of long-term debt | 117,000 |  |  | — |  |  | — |  |  | — |  |  | 117,000 |
Other borrowings, net | 363,000 |  |  | — |  |  | 35,544 |  |  | — |  |  | 398,544 |
Dividends paid to shareholders | (78,107 | ) |  | — |  |  | — |  |  | — |  |  | (78,107 | )
Dividends paid to noncontrolling interests | — |  |  | — |  |  | (10,014 | ) |  | — |  |  | (10,014 | )
Intercompany dividends paid | — |  |  | — |  |  | (15,126 | ) |  | 15,126 |  |  | — |
Repurchases of common stock | (582,298 | ) |  | — |  |  | — |  |  | — |  |  | (582,298 | )
Proceeds from exercise of stock options | 5,553 |  |  | — |  |  | — |  |  | — |  |  | 5,553 |
Excess tax benefits realized from stock-based compensation arrangements | 3,266 |  |  | — |  |  | — |  |  | — |  |  | 3,266 |
Withholding taxes paid on stock-based compensation award distributions | (6,149 | ) |  | — |  |  | — |  |  | — |  |  | (6,149 | )
Debt financing costs | (108 | ) |  | — |  |  | — |  |  | — |  |  | (108 | )
Proceeds from intercompany financing related activity | 43,850 |  |  | — |  |  | — |  |  | (43,850 | ) |  | — |
Intercompany financing related payments | (43,850 | ) |  | — |  |  | (47,393 | ) |  | 91,243 |  |  | — |
Net cash used in financing activities | (294,940 | ) |  | — |  |  | (55,625 | ) |  | 62,519 |  |  | (288,046 | )
Net effect of foreign exchange on cash and cash equivalents | (650 | ) |  | — |  |  | 13,122 |  |  | — |  |  | 12,472 |
(Decrease) increase in cash and cash equivalents | (57,523 | ) |  | — |  |  | 57,066 |  |  | — |  |  | (457 | )
Cash and cash equivalents at end of year | $ | 88,476 |  |  | $ | — |  |  | $ | 388,763 |  |  | $ | — |  |  | $ | 477,239 |
Condensed Consolidating Statement Of Cash Flows Year Ended December 31, 2012
(In Thousands) | Issuer |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated Total
Cash and cash equivalents at beginning of year | $ | 47,018 |  |  | $ | — |  |  | $ | 422,398 |  |  | $ | — |  |  | $ | 469,416 |
Cash flows from operating activities: |  |  |  |  |  |  |  |  |
Net cash provided by operating activities | 342,173 |  |  | — |  |  | 189,511 |  |  | (42,918 | ) |  | 488,766 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Capital expenditures | (136,299 | ) |  | — |  |  | (144,574 | ) |  | — |  |  | (280,873 | )
Cash payments related to acquisitions and other | (3,072 | ) |  | — |  |  | (288 | ) |  | — |  |  | (3,360 | )
Cash proceeds from divestitures, net | — |  |  | — |  |  | 9,646 |  |  | — |  |  | 9,646 |
Investments in marketable securities, net | (1,607 | ) |  | — |  |  | (8 | ) |  | — |  |  | (1,615 | )
Long-term advances to joint ventures | (2,459 | ) |  | — |  |  | (22,500 | ) |  | — |  |  | (24,959 | )
Proceeds from intercompany investing related activity | 39,851 |  |  | — |  |  | — |  |  | (39,851 | ) |  | — |
Intercompany investing related payments | (33,809 | ) |  | — |  |  | — |  |  | 33,809 |  |  | — |
Net cash used in investing activities | (137,395 | ) |  | — |  |  | (157,724 | ) |  | (6,042 | ) |  | (301,161 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Repayments of long-term debt | (86 | ) |  | — |  |  | (14,304 | ) |  | — |  |  | (14,390 | )
Other borrowings (repayments), net | 144 |  |  | — |  |  | (49,565 | ) |  | — |  |  | (49,421 | )
Dividends paid to shareholders | (69,113 | ) |  | — |  |  | — |  |  | — |  |  | (69,113 | )
Dividends paid to noncontrolling interests | — |  |  | — |  |  | (7,628 | ) |  | — |  |  | (7,628 | )
Intercompany dividends paid | — |  |  | — |  |  | (42,918 | ) |  | 42,918 |  |  | — |
Repurchases of common stock | (63,575 | ) |  | — |  |  | — |  |  | — |  |  | (63,575 | )
Proceeds from exercise of stock options | 21,148 |  |  | — |  |  | — |  |  | — |  |  | 21,148 |
Excess tax benefits realized from stock-based compensation arrangements | 14,809 |  |  | — |  |  | — |  |  | — |  |  | 14,809 |
Withholding taxes paid on stock-based compensation award distributions | (9,124 | ) |  | — |  |  | — |  |  | — |  |  | (9,124 | )
Proceeds from intercompany financing related activity | — |  |  | — |  |  | 33,809 |  |  | (33,809 | ) |  | — |
Intercompany financing related payments | — |  |  | — |  |  | (39,851 | ) |  | 39,851 |  |  | — |
Net cash used in financing activities | (105,797 | ) |  | — |  |  | (120,457 | ) |  | 48,960 |  |  | (177,294 | )
Net effect of foreign exchange on cash and cash equivalents | — |  |  | — |  |  | (2,031 | ) |  | — |  |  | (2,031 | )
Increase (decrease) in cash and cash equivalents | 98,981 |  |  | — |  |  | (90,701 | ) |  | — |  |  | 8,280 |
Cash and cash equivalents at end of year | $ | 145,999 |  |  | $ | — |  |  | $ | 331,697 |  |  | $ | — |  |  | $ | 477,696 |

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