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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income (loss) $ 3,160 $ 35,394
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 62,244 57,365
Bad debt expense 789 802
Equity in losses (earnings) of affiliates, net of dividends 12,804 (3,868)
Gain on sale of investments (685) 0
Gains on sales of Rail Group assets and related leases (6,366) (12,438)
Excess tax benefit from share-based payment arrangement 0 (1,299)
Deferred income taxes (46) 18,921
Stock-based compensation expense 5,542 2,598
Goodwill impairment expense 0 1,985
Other (102) 1,061
Changes in operating assets and liabilities:    
Accounts receivable (5,425) (6,003)
Inventories 283,158 292,960
Commodity derivatives 12,592 16,160
Other assets 36,536 (1,465)
Payables and other accrued expenses (362,855) (344,400)
Net cash provided by (used in) operating activities 41,346 57,773
Investing Activities    
Acquisition of business, net of cash acquired 0 124,592
Purchases of Rail Group assets (57,979) (112,346)
Proceeds from sale of Rail Group assets 44,061 64,978
Purchases of property, plant and equipment (56,138) (42,387)
Proceeds from sale of property, plant and equipment 330 184
Proceeds from returns of investments in affiliates 7,443 1,480
Proceeds from returns of investments in affiliates 15,013 0
Proceeds from sale of facilities 54,330 0
Purchase of Investments 2,523 0
Change in restricted cash 260 248
Net cash provided by (used in) investing activities 4,797 (212,435)
Financing Activities    
Net change in short-term borrowings (15,000) 79,700
Proceeds from issuance of long-term debt 78,199 152,796
Proceeds from long-term financing agreements 14,027 0
Payments of long-term debt (91,393) (87,032)
Purchase of treasury stock 0 (49,089)
Distributions to noncontrolling interest owner (3,400) (2,453)
Proceeds from sale of treasury shares to employees and directors 1,159 447
Payments of debt issuance costs (309) (271)
Dividends paid (13,020) (12,011)
Excess tax benefit from share-based payment arrangement 0 1,299
Other (1,998) (2,770)
Net cash provided by (used in) financing activities (31,735) 80,616
Increase (decrease) in cash and cash equivalents 14,408 (74,046)
Cash and cash equivalents at beginning of period 63,750 114,704
Cash and cash equivalents at end of period $ 78,158 $ 40,658