XML 27 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net earnings (loss) $ 7,532 $ (26,680) $ 26,924
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:      
Depreciation and amortization 68,027 65,743 71,618
Deferred income taxes (59,272) (2,424) 12,894
Gain (loss) on asset dispositions 298 (3,350) 339
Equity in loss (income) of unconsolidated affiliate 385 (151) 306
Impairment of assets 368 407 0
Inventory valuation reserves 2,410 5,179 3,231
Other 0 0 (1,277)
Changes in operating assets and liabilities:      
Accounts receivable (28,329) [1] (351) 36,579
Inventories of spare parts (6,793) [1] (5,064) 1,441
Income taxes receivable 186 [1] 220 466
Other assets (9,050) [1] (14,837) (14,998)
Accounts payable and accrued liabilities 5,754 [1] (19,111) (3,859)
Other long-term liabilities (619) [1] (142) 254
Net cash (used in) provided by operating activities (19,103) [1] (564) 133,918
Investing activities:      
Purchase of property and equipment (56,757) (81,842) (57,123)
Proceeds from asset dispositions 1,296 14,983 5,236
Purchase of short-term investments (637,980) (321,453) (608,649)
Proceeds from sale of short-term investments 862,942 316,543 505,966
Payments of deposits on aircraft 0 (2,249) (1,273)
Refunds of deposits on aircraft 0 0 6,010
Loan to unconsolidated affiliate 0 (1,200) 0
Loan to third party (824) 0 0
Business acquisitions net of cash acquired (126,644) 0 0
Net cash provided by (used in) investing activities 42,033 (75,218) (149,833)
Financing activities:      
Repurchase of common stock (256) (529) (2,448)
Proceeds from line of credit 152,150 264,700 232,660
Payments on line of credit (168,650) (188,200) (218,160)
Net cash provided by financing activities (16,756) 75,971 12,052
Increase (decrease) in cash 6,174 189 (3,863)
Cash, beginning of year 2,596 2,407 6,270
Cash, end of year 8,770 2,596 2,407
Cash paid during the period for:      
Interest 30,517 29,169 27,657
Income Taxes 1,231 2,637 5,521
Accrued payables related to purchases of property and equipment $ 42 $ 29 $ 1,339
[1] Net of the effect of business acquisitions.