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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:      
Net income (loss) $ (176,890) $ (77,149) $ 88,707
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 118,748 136,812 114,293
Deferred income taxes 15,720 (51,643) (7,457)
Write-off of deferred financing fees 923 0 660
Discount amortization on long-term debt 1,606 1,000 4,323
Loss on disposal of assets 14,499 30,693 35,849
Gain on sale of unconsolidated affiliates 0 0 (3,921)
Loss on impairment 16,278 55,104 7,167
Extinguishment of debt 0 0 2,591
Stock-based compensation 12,352 21,181 16,353
Equity in earnings from unconsolidated affiliates less than (in excess of) dividends received (4,438) 2,619 9,418
Tax benefit related to stock-based compensation 0 0 (1,550)
Increase (decrease) in cash resulting from changes in:      
Accounts receivable 23,759 46,608 24,112
Inventories (1,958) (3,380) (21,478)
Prepaid expenses and other assets 1,267 493 (25,485)
Accounts payable 15,052 13,316 (4,665)
Accrued liabilities (19,713) (34,035) 29,461
Other liabilities and deferred credits (6,503) (25,593) (15,152)
Net cash provided by operating activities 10,702 116,026 253,226
Cash flows from investing activities:      
Capital expenditures (135,110) (372,375) (601,834)
Acquisitions, net of cash received 0 0 (20,303)
Proceeds from sale of unconsolidated affiliates 0 0 4,185
Proceeds from asset dispositions 18,471 60,035 414,859
Investment in unconsolidated affiliate 0 (4,410) 0
Deposit received on aircraft held for sale 290 0 0
Net cash used in investing activities (116,349) (316,750) (203,093)
Cash flows from financing activities:      
Proceeds from borrowings 708,267 928,802 454,393
Payments of contingent consideration (10,000) (9,453) 0
Debt issuance costs (8,010) (5,139) 0
Repayment of debt and debt redemption premiums (570,328) (677,003) (460,274)
Partial prepayment of put/call obligation (49) (55) (59)
Acquisition of noncontrolling interests 0 (7,309) (3,170)
Dividends paid to noncontrolling interest (2,533) (153) 0
Repurchase of Common Stock 0 0 (80,831)
Common stock dividends paid (9,831) (38,076) (45,078)
Issuance of common stock 0 0 5,172
Tax benefit related to stock-based compensation 0 0 1,550
Net cash provided by (used in) financing activities 107,516 191,614 (128,297)
Effect of exchange rate changes on cash and cash equivalents (9,523) 9,274 (22,031)
Net increase (decrease) in cash and cash equivalents (7,654) 164 (100,195)
Cash and cash equivalents at beginning of period 104,310 104,146 204,341
Cash and cash equivalents at end of period 96,656 104,310 104,146
Supplemental disclosure of non-cash investing activities:      
Deferred sale leaseback advance 0 18,285 69,680
Completion of deferred sale leaseback 0 (74,480) (183,688)
Aircraft sold for future spare parts and maintenance 0 1,228 13,417
Aircraft purchases with short-term borrowings $ 0 $ 24,394 $ 0