XML 19 R6.htm IDEA: XBRL DOCUMENT v3.6.0.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:    
Net loss $ (97,227) $ (43,741)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 93,054 106,853
Deferred income taxes (20,991) (37,628)
Discount amortization on long-term debt 1,314 973
Loss on disposal of assets 13,077 23,856
Loss on impairment 16,278 27,713
Stock-based compensation 9,508 16,641
Equity in earnings from unconsolidated affiliates less than (in excess of) dividends received (4,294) 2,227
Tax benefit related to stock-based compensation 0 (44)
Increase (decrease) in cash resulting from changes in:    
Accounts receivable 15,787 31,858
Inventories (2,912) (5,555)
Prepaid expenses and other assets (4,359) (2,645)
Accounts payable (7,395) (2,527)
Accrued liabilities (19,891) (46,289)
Other liabilities and deferred credits (6,809) (16,008)
Net cash provided by (used in) operating activities (14,860) 55,684
Cash flows from investing activities:    
Capital expenditures (119,726) (343,365)
Proceeds from asset dispositions 14,344 19,152
Deposits on assets held for sale 290 0
Net cash used in investing activities (105,092) (324,213)
Cash flows from financing activities:    
Proceeds from borrowings 360,240 910,421
Debt issuance costs (3,883) 0
Repayment of debt (243,677) (567,121)
Partial prepayment of put/call obligation (38) (42)
Acquisition of noncontrolling interest 0 (7,311)
Dividends paid to noncontrolling interest (2,533) (153)
Payment of contingent consideration (10,000) (8,000)
Common stock dividends paid (7,366) (35,627)
Tax benefit related to stock-based compensation 0 44
Net cash provided by financing activities 92,743 292,211
Effect of exchange rate changes on cash and cash equivalents (5,942) 4,080
Net increase (decrease) in cash and cash equivalents (33,151) 27,762
Cash and cash equivalents at beginning of period 104,310 104,146
Cash and cash equivalents at end of period 71,159 131,908
Cash paid during the period for:    
Interest 43,965 36,453
Income taxes 23,550 21,073
Supplemental disclosure of non-cash investing activities:    
Deferred sale leaseback advance 0 18,285
Completion of deferred sale leaseback 0 (74,480)
Aircraft purchased with short-term borrowings $ 0 $ 14,794