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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income (loss) $ (27,135) $ 3,160
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 64,546 62,244
Bad debt expense 1,076 789
Equity in (earnings) losses of affiliates, net of dividends (2,168) 12,804
Gains on sale of Rail Group assets and related leases (7,642) (6,366)
Gains on sale of assets (11,443) (826)
Stock-based compensation expense 4,550 5,542
Goodwill impairment 42,000 0
Other (610) (7)
Changes in operating assets and liabilities:    
Accounts receivable (334) (5,425)
Inventories 200,667 283,158
Commodity derivatives 16,073 12,592
Other assets 10,422 36,536
Payables and other accrued expenses (229,268) (362,855)
Net cash provided by (used in) operating activities 60,734 41,346
Investing Activities    
Acquisition of business, net of cash acquired (3,507) 0
Purchases of Rail Group assets (77,513) (57,979)
Proceeds from sale of Rail Group assets 18,368 44,061
Purchases of property, plant and equipment and capitalized software (26,705) (56,138)
Proceeds from sale of assets 26,601 69,673
Proceeds from returns of investments in affiliates 1,339 7,443
Purchase of investments (4,929) (2,523)
Other 1,470 260
Net cash provided by (used in) investing activities (64,876) 4,797
Financing Activities    
Net change in short-term borrowings (11,059) (15,000)
Proceeds from issuance of long-term debt 35,175 78,199
Proceeds from long-term financing arrangement 12,195 14,027
Payments of long-term debt (54,326) (91,393)
Distributions to noncontrolling interest owner 0 (3,400)
Proceeds from sale of treasury shares to employees and directors 450 1,159
Payments of debt issuance costs (2,024) (309)
Dividends paid (13,485) (13,020)
Other (936) (1,998)
Net cash provided by (used in) financing activities (34,010) (31,735)
Increase (decrease) in cash and cash equivalents (38,152) 14,408
Cash and cash equivalents at beginning of period 62,630 63,750
Cash and cash equivalents at end of period $ 24,478 $ 78,158