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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities    
Net income $ 36,344 $ 75,399
Adjustments to reconcile net income to cash used in operating activities:    
Depreciation and amortization 36,596 28,434
Bad debt expense 484 310
Cash distributions in excess of (less than) income of unconsolidated affiliates (1,980) 13,214
Gain on sale of investments in affiliates 0 (17,055)
Gains on sales of Rail Group assets and related leases (9,213) (13,284)
Excess tax benefit from share-based payment arrangement (1,299) (1,645)
Deferred income taxes 10,736 7,202
Stock-based compensation expense 1,988 6,053
Other 833 (2,368)
Changes in operating assets and liabilities:    
Accounts receivable (42,209) (17,130)
Inventories 312,341 181,927
Commodity derivatives 27,835 (68,196)
Other assets 17,173 22,400
Trade and other payables (449,027) (474,846)
Net cash used in operating activities (59,398) (259,585)
Investing Activities    
Acquisition of business, net of cash acquired (124,328) 0
Purchases of Rail Group assets (53,756) (30,403)
Proceeds from sale of Rail Group assets 26,355 29,195
Purchases of property, plant and equipment (28,214) (20,633)
Proceeds from sale of property, plant and equipment 453 283
Proceeds from returns of investments in affiliates 1,866 31,457
Other 0 (138)
Change in restricted cash (513) (488)
Net cash (used in) provided by investing activities (178,137) 9,273
Financing Activities    
Net change in short-term borrowings 138,000 27,000
Proceeds from issuance of long-term debt 151,608 6,712
Payments of long-term debt (82,014) (39,006)
Purchase of treasury stock (34,160) 0
(Distributions to) proceeds from noncontrolling interest owner (1,700) 0
Proceeds from sale of treasury shares to employees and directors 426 1,474
Payments of debt issuance costs (271) (3,175)
Dividends paid (8,044) (6,233)
Excess tax benefit from share-based payment arrangement 1,299 1,645
Other (1,540) 0
Net cash provided by financing activities 163,604 (11,583)
Decrease in cash and cash equivalents (73,931) (261,895)
Cash and cash equivalents at beginning of period 114,704 309,085
Cash and cash equivalents at end of period $ 40,773 $ 47,190