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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities    
Net (loss) income $ (195,330) $ 79,573
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 74,432 52,912
Deferred income taxes (1,098) 2,316
Loss on disposal of assets and costs from exit and disposal activities 4,466 1,572
ESOP and stock-based compensation 27,365 16,142
ESOP special dividend compensation 246,752  
Amortization of deferred financing charges 34,380 561
Inventory step up related to Infiltrator Water Technologies acquisition 7,880  
Fair market value adjustments to derivatives 903 1,976
Equity in net (income) loss of unconsolidated affiliates (538) 225
Other operating activities (6,013) (3,493)
Changes in working capital:    
Receivables 50,865 16,768
Inventories 43,317 15,705
Prepaid expenses and other current assets (1,417) (2,562)
Accounts payable, accrued expenses, and other liabilities 10,354 (33,673)
Net cash provided by operating activities 296,318 148,022
Cash Flows from Investing Activities    
Capital expenditures (46,293) (31,130)
Acquisition of Infiltrator Water Technologies, net of cash acquired (1,089,322)  
Other investing activities (247) 1,109
Net cash used in investing activities (1,135,862) (30,021)
Cash Flows from Financing Activities    
Proceeds from Term Loan Facility 1,300,000  
Payments on Term Loan Facility (1,300,000)  
Proceeds from syndication of Term Loan Facility 700,000  
Payments on syndicated Term Loan Facility (50,000)  
Proceeds from Senior Notes 350,000  
Proceeds from Credit Agreement 177,900  
Payments on Credit Agreement (177,900)  
Debt issuance costs (34,606)  
Payments on Prudential Senior Notes (100,000) (25,000)
Payments on finance lease obligations (18,424) (17,791)
Proceeds from common stock offering, net of offering costs 293,648  
Acquisition of noncontrolling interest in BaySaver   (8,821)
Cash dividends paid (83,846) (21,084)
Proceeds from exercise of stock options 6,280 3,937
Other financing activities (236) (1,620)
Net cash provided by (used in) financing activities 928,416 (115,379)
Effect of exchange rate changes on cash 549 (451)
Net change in cash 89,421 2,171
Cash at beginning of period 8,891 17,587
Cash at end of period 98,312 19,758
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for income taxes 9,450 27,459
Cash paid for interest 23,992 11,506
Non-cash operating, investing and financing activities:    
Balance in accounts payable for the acquisition of property, plant and equipment 4,129 2,381
PNC Credit Agreement [Member]    
Cash Flows from Financing Activities    
Proceeds from Credit Agreement 253,900 331,600
Payments on Credit Agreement $ (388,300) $ (376,600)