XML 19 R7.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:    
Net loss $ (261,415) $ (97,079)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 92,045 94,119
Deferred income taxes (5,848) (14,665)
Write-off of deferred financing fees 0 1,138
Discount amortization on long-term debt 4,713 343
Loss on disposal of assets 18,986 12,418
Loss on impairment 117,220 1,192
Deferral of lease payments 3,967 2,423
Stock-based compensation 5,651 8,776
Equity in earnings from unconsolidated affiliates less than (in excess of) dividends received 2,518 (3,185)
Increase (decrease) in cash resulting from changes in:    
Accounts receivable 16,063 (3,785)
Inventories (3,065) (4,618)
Prepaid expenses and other assets (1,571) 10,250
Accounts payable (1,956) (14,540)
Accrued liabilities (47,390) (5,528)
Other liabilities and deferred credits (8,820) 3,434
Net cash used in operating activities (68,902) (9,307)
Cash flows from investing activities:    
Capital expenditures (33,711) (36,441)
Proceeds from asset dispositions 9,093 48,547
Proceeds from OEM cost recoveries 0 94,463
Net cash provided by (used in) investing activities (24,618) 106,569
Cash flows from financing activities:    
Proceeds from borrowings 387 548,768
Debt issuance costs (2,599) (11,653)
Repayment of debt (49,116) (609,667)
Purchase of 4½% Convertible Senior Notes call option 0 (40,393)
Proceeds from issuance of warrants 0 30,259
Partial prepayment of put/call obligation (40) (36)
Dividends paid to noncontrolling interest (580) 0
Common stock dividends paid 0 (2,465)
Issuance of common stock 2,830 0
Repurchases for tax withholdings on vesting of equity awards (1,505) (591)
Net cash used in financing activities (50,623) (85,778)
Effect of exchange rate changes on cash and cash equivalents (4,754) 9,708
Net increase (decrease) in cash and cash equivalents (148,897) 21,192
Cash and cash equivalents at beginning of period 380,223 96,656
Cash and cash equivalents at end of period 231,326 117,848
Cash paid during the period for:    
Interest 73,604 69,896
Income taxes $ 13,500 $ 20,440