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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flows from operating activities:      
Net income (loss) $ 36,299 $ (8,839) $ (65,394)
Non-cash items included in net income (loss):      
Depreciation and amortization 89,882 100,334 93,185
Drydock amortization 12,795 17,947 19,719
Impairment loss (recovery) 54,958 6,808 (9,002)
Stock-based compensation charges 22,680 16,593 18,565
Loss from investments in Unconsolidated Affiliates 4,090 21,486 7,848
(Gain) loss on foreign currency, net (5,984) 6,238 (10,310)
Restructuring expense (gain) (1,350) 7,473 (2,310)
Loss (gain) on asset disposals (859) 1,443 (46,201)
Deferred income taxes (2,695) 3,525 891
Pension (gain) expense (3,228) 19,821 (4,291)
Debt issuance cost amortization 13,141 12,767 22,915
Other non-cash items (5,392) 1,269 686
Changes in operating assets and liabilities that provided (used) cash:      
Accounts receivable (89,776) (82,697) 166,385
Contracts in progress, net of Advance billings on contracts 144,412 (113,338) (10,695)
Accounts payable (101,845) 78,646 (154,439)
Accrued and other current liabilities (37,064) (33,969) (2,801)
Pension liability (1,684) (1,506) (1,861)
Income taxes 2,469 1,778 (4,668)
Other assets and liabilities, net 47,330 (507) (11,262)
Total cash provided by operating activities 178,179 55,272 6,960
Cash flows from investing activities:      
Purchases of property, plant and equipment (228,079) [1] (102,851) [1] (321,187) [1]
Investments in unconsolidated affiliates (5,093) (7,038) (2,420)
Proceeds from asset dispositions 2,366 10,724 71,961
Sales and maturities of available-for-sale securities   3,176 12,978
Purchases of available-for-sale securities     (3,695)
Other investing activities   417 (2,706)
Total cash used in investing activities (230,806) (95,572) (245,069)
Cash flows from financing activities:      
Repayment of debt (103,020) (26,938) (298,534)
Proceeds from debt     1,328,875
Repurchase of common stock (4,022) (1,720) (1,707)
Payment of debt issuance costs (8,730) (170) (39,112)
Distributions to noncontrolling interests     (6,352)
Issuance of common stock   682 327
Acquisition of noncontrolling interest   (24) (32,943)
Total cash provided by (used in) financing activities (115,772) (28,170) 950,554
Effects of exchange rate changes on cash, cash equivalents and restricted cash (913) (2,779) (1,905)
Net increase (decrease) in cash, cash equivalents and restricted cash (169,312) (71,249) 710,540
Cash, cash equivalents and restricted cash at beginning of year 781,645 852,894 142,354
Cash, cash equivalents and restricted cash at end of year 612,333 781,645 852,894
Cash paid during the period for:      
Income taxes, net of refunds 37,710 40,560 26,661
Cash paid for interest, net of amounts capitalized 46,693 40,690 28,390
Supplemental Disclosure of Noncash Investing Activities:      
Non-cash purchase (sale) of investments in unconsolidated affiliates (12,377) $ 2,396  
Capital lease     3,407
Supplemental Disclosure of Noncash Financing Activities:      
Note payable in connection with noncontrolling interest distribution 5,000    
Non-cash acquisition of noncontrolling interest $ 17,779   $ 11,136
[1] Total capital expenditures represent expenditures for which cash payments were made during the period. Capital expenditures for 2016, 2015 and 2014 include $4 million, $14 million and $27 million of cash payments for accrued capital expenditures outstanding as of December 31, 2015, 2014 and 2013, respectively.