XML 33 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
5 Months Ended 12 Months Ended 7 Months Ended 12 Months Ended
May 31, 2010
Predecessor [Member]
Dec. 31, 2009
Predecessor [Member]
Dec. 31, 2010
Successor [Member]
Dec. 31, 2011
Successor [Member]
Operating Activities:        
Consolidated net income (loss) $ 280,014 $ (356,188) $ 41,125 $ 76,498
Adjustments to reconcile consolidated net income (loss) to net cash provided by (used in) operating activities:        
Depreciation 35,333 98,801 57,687 108,473
Amortization of intangibles 319 14,976 8,982 15,601
Impairment charges   363,496    
Reorganization items and fresh-start adjustments (303,453) 17,367    
Non-cash restructuring charges 46 1,268 468 383
Gain on bond repurchase   (9,096)    
Amortization of debt issuance cost 11,505 10,286 714 1,253
Stock-based compensation expense 244 1,361 6,351 12,096
Gain on partial sale of joint venture       (11,423)
Deferred income taxes 31,049 (41,316) (7,760) (525)
Changes in operating assets and liabilities:        
Accounts receivable (33,553) 14,886 47,665 (27,246)
Inventories (11,824) 9,914 7,663 (4,641)
Prepaid expenses (6,412) (974) 6,904 (7,356)
Accounts payable (59,180) 50,081 (3,856) 54,883
Accrued liabilities 29,561 27,117 15,105 (38,228)
Other (49,044) (71,997) (10,452) (7,429)
Net cash provided by (used in) operating activities (75,395) 129,982 170,596 172,339
Investing activities:        
Property, plant and equipment (22,935) (46,113) (54,441) (108,339)
Acquisition of businesses, plus cash acquired       28,487
Investment in affiliate       (10,500)
Proceeds from partial sale of joint venture       16,000
Proceeds from sale of fixed assets 3,851 642 2,603 599
Net cash used in investing activities (19,084) (45,471) (51,838) (73,753)
Financing activities:        
Proceeds from issuance of debtor-in-possession financing   175,000    
Payments on debtor-in-possession financing (175,000) (313)    
Proceeds from issuance of long-term debt 450,000      
Increase (decrease) in short-term debt,net (2,069) 24,104 3,879 (5,815)
Cash dividends paid     (3,163) (7,116)
Principal payments on long-term debt (709,574) (11,646) (2,123) (4,047)
Issuance of common stock - Predecessor   88    
Proceeds from issuance of preferred and common stock 355,000      
Debt issuance cost - Predecessor   (20,592)    
Debt issuance cost and back stop fees (30,991)      
Repurchase of preferred stock       (7,470)
Repurchase of bonds   (737)    
Other   171 48 (136)
Net cash provided by (used in) financing activities (112,634) 166,075 (1,359) (24,584)
Effects of exchange rate changes on cash 5,528 18,147 (1,618) (6,707)
Changes in cash and cash equivalents (201,585) 268,733 115,781 67,295
Cash and cash equivalents at beginning of period 380,254 111,521 178,669 294,450
Cash and cash equivalents at end of period $ 178,669 $ 380,254 $ 294,450 $ 361,745