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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES:    
Net income $ 47,848 $ 26,713
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization, including amortization of debt issuance costs 142,998 143,410
Gain on early extinguishment of liabilities, net (6,871) (4,141)
Equity-based compensation expense 884 976
Loss on disposal or impairment of assets, net 15,011 7,485
Change in provision for expected credit losses 116 (224)
Net adjustments to fair value of commodity derivatives 1,004 13,075
Equity in earnings of unconsolidated entities (942) (1,881)
Distributions of earnings from unconsolidated entities 904 2,567
Lower of cost or net realizable value adjustments 7,071 15,618
Other 2,855 63
Changes in operating assets and liabilities, exclusive of acquisitions:    
Accounts receivable-trade and affiliates (126,050) (6,576)
Inventories (115,036) (144,118)
Other current and noncurrent assets 24,950 (807)
Accounts payable-trade and affiliates 153,001 (90,380)
Other current and noncurrent liabilities (16,643) 6,548
Net cash provided by (used in) operating activities 131,100 (31,672)
INVESTING ACTIVITIES:    
Capital expenditures (80,443) (93,963)
Net settlements of commodity derivatives (16,461) 19,785
Proceeds from sales of assets 23,908 14,054
Proceeds from divestitures of businesses and investments, net 16,000 0
Investments in unconsolidated entities (258) (346)
Distributions of capital from unconsolidated entities 486 0
Net cash used in investing activities (56,768) (60,470)
FINANCING ACTIVITIES:    
Proceeds from borrowings under revolving credit facility 965,000 1,037,000
Payments on revolving credit facility (947,000) (866,000)
Repayment and repurchase of senior unsecured notes (91,982) (73,472)
Payments on other long-term debt 0 (1,273)
Debt issuance costs (1,242) (1,203)
Distributions to noncontrolling interest owners (949) (1,249)
Payments to settle contingent consideration liabilities (902) (941)
Principal payments of finance lease (8) (2)
Net cash (used in) provided by financing activities (77,083) 92,860
Net (decrease) increase in cash and cash equivalents (2,751) 718
Cash and cash equivalents, beginning of period 5,431 3,822
Cash and cash equivalents, end of period 2,680 4,540
Supplemental cash flow information:    
Cash interest paid 118,516 129,000
Income taxes paid (net of income tax refunds) 2,056 2,170
Supplemental non-cash investing and financing activities:    
Accrued capital expenditures $ 10,583 $ 13,124