XML 111 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 5 Months Ended 7 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
May 31, 2010
Predecessor
Dec. 31, 2010
Successor
Dec. 31, 2012
Successor
Dec. 31, 2011
Successor
Operating Activities:            
Consolidated net income $ 19,873 $ 24,146 $ 280,014 $ 41,125 $ 98,816 $ 76,498
Adjustments to reconcile consolidated net income to net cash provided by (used in) operating activities:            
Depreciation 25,956 27,784 35,333 57,687 107,275 108,473
Amortization of intangibles 3,891 3,833 319 8,982 15,456 15,601
Impairment charges           10,069  
Reorganization items and fresh-start adjustments     (303,453)      
Non-cash restructuring charges 87 258 46 468 4,155 383
Amortization of debt issuance cost 316 316 11,505 714 1,263 1,253
Stock-based compensation expense 3,800 4,825 244 6,351 15,306 12,096
Gain on partial sale of joint venture           (11,423)
Changes in operating assets and liabilities (67,224) (95,764)        
Gain on sale of fixed assets         (6,687)  
Deferred income taxes     31,049 (7,760) (41,386) (525)
Changes in operating assets and liabilities:            
Accounts receivable     (33,553) 47,665 (61,735) (27,246)
Inventories     (11,824) 7,663 (2,237) (4,641)
Prepaid expenses     (6,412) 6,904 2,969 (7,356)
Accounts payable     (59,180) (3,856) 14,581 54,883
Accrued liabilities     29,561 15,105 (15,750) (38,228)
Other     (49,044) (10,452) (57,694) (7,429)
Net cash provided by (used in) operating activities (13,301) (34,602) (75,395) 170,596 84,401 172,339
Investing activities:            
Capital expenditures, including other intangible assets (34,269) (29,198) (22,935) (54,441) (131,067) (108,339)
Acquisition of businesses, net of cash acquired   (1,675)     (1,084) 28,487
Investment in affiliate           (10,500)
Return on equity investments 2,120          
Proceeds from partial sale of joint venture           16,000
Proceeds from sale of fixed assets 218 4,230 3,851 2,603 14,581 599
Net cash used in investing activities (31,931) (26,643) (19,084) (51,838) (117,570) (73,753)
Financing activities:            
Payments on debtor-in-possession financing     (175,000)      
Proceeds from issuance of long-term debt     450,000      
Increase (decrease) in short term debt, net 4,897 2,433 (2,069) 3,879 (428) (5,815)
Cash dividends paid (1,651) (1,655)   (3,163) (6,784) (7,116)
Principal payments on long-term debt (1,763) (1,799) (709,574) (2,123) (5,110) (4,047)
Purchase of noncontrolling interest (1,911)       (2,000)  
Proceeds from issuance of preferred and common stock     355,000      
Debt issuance cost and back stop fees     (30,991)      
Repurchase of preferred stock   (4,870)     (6,838) (7,470)
Repurchase of common stock (11,098)       (36,895)  
Other (8) 16   48 (21) (136)
Net cash provided by (used in) financing activities (11,534) (5,875) (112,634) (1,359) (58,076) (24,584)
Effects of exchange rate changes on cash and cash equivalents 2,924 1,329 5,528 (1,618) 55 (6,707)
Changes in cash and cash equivalents (53,842) (65,791) (201,585) 115,781 (91,190) 67,295
Cash and cash equivalents at beginning of period 270,555 361,745 380,254 178,669 361,745 294,450
Cash and cash equivalents at end of period $ 216,713 $ 295,954 $ 178,669 $ 294,450 $ 270,555 $ 361,745