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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:      
Net income (loss) $ (77,149) $ 88,707 $ 187,779
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 136,812 114,293 95,977
Deferred income tax (51,643) (7,457) 5,465
Write-off of deferred financing fees 0 660 12,733
Discount amortization on long-term debt 1,000 4,323 3,708
Loss on disposal of assets 30,693 35,849 722
Gain on sale of unconsolidated affiliates 0 (3,921) (103,924)
Loss on impairment 55,104 7,167 12,669
Extinguishment of debt 0 2,591 0
Stock-based compensation 21,181 16,353 15,433
Equity in earnings from unconsolidated affiliates less than dividends received 2,619 9,418 1,629
Tax benefit related to stock-based compensation 0 (1,550) (5,723)
Increase (decrease) in cash resulting from changes in:      
Accounts receivable 46,608 24,112 3,647
Inventories (3,380) (21,478) 12,824
Prepaid expenses and other assets 493 (25,485) (3,149)
Accounts payable 13,316 (4,665) (5,154)
Accrued liabilities (34,035) 29,461 11,697
Other liabilities and deferred credits (25,593) (15,152) (14,239)
Net cash provided by operating activities 116,026 253,226 232,094
Cash flows from investing activities:      
Capital expenditures (372,375) (601,834) (628,613)
Acquisitions, net of cash received 0 (20,303) (39,850)
Proceeds from sale of unconsolidated affiliates 0 4,185 112,210
Proceeds from asset dispositions 60,035 414,859 289,951
Investment in unconsolidated affiliate (4,410) 0 0
Net cash used in investing activities (316,750) (203,093) (266,302)
Cash flows from financing activities:      
Proceeds from borrowings 928,802 454,393 533,064
Payments of contingent consideration (9,453) 0 (6,000)
Debt issuance costs (5,139) 0 (15,523)
Repayment of debt and debt redemption premiums (677,003) (460,274) (512,492)
Proceeds from assignment of aircraft purchase agreements 0 0 106,113
Partial prepayment of put/call obligation (55) (59) (57)
Acquisition of noncontrolling interests (7,309) (3,170) (2,078)
Dividends paid to noncontrolling interest (153) 0 0
Repurchase of Common Stock 0 (80,831) (77,661)
Common stock dividends paid (38,076) (45,078) (36,320)
Issuance of common stock 0 5,172 15,398
Tax benefit related to stock-based compensation 0 1,550 5,723
Net cash provided by (used in) financing activities 191,614 (128,297) 10,167
Effect of exchange rate changes on cash and cash equivalents 9,274 (22,031) 12,759
Net increase (decrease) in cash and cash equivalents 164 (100,195) (11,282)
Cash and cash equivalents at beginning of period 104,146 204,341 215,623
Cash and cash equivalents at end of period 104,310 104,146 204,341
Supplemental disclosure of non-cash investing activities:      
Deferred sale leaseback advance 18,285 69,680 60,194
Completion of deferred sale leaseback (74,480) (183,688) 0
Aircraft sold for future spare parts and maintenance 1,228 13,417 0
Aircraft purchases with short-term borrowings $ 24,394 $ 0 $ 0