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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income (loss) $ 19,431 $ (29,752)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 45,232 42,878
Bad debt expense (recovery) (837) 839
Equity in (earnings) losses of affiliates, net of dividends (11,192) (3,793)
Gains on sale of Rail Group assets and related leases (3,989) (4,984)
(Gain) loss on sale of assets (342) (5,888)
Stock-based compensation expense 3,006 2,935
Goodwill impairment 0 42,000
Asset impairment 6,272 0
Other (138) (1,780)
Changes in operating assets and liabilities:    
Accounts receivable (33,859) 13,086
Inventories 151,095 213,064
Commodity derivatives 34,850 27,670
Other assets 17,552 10,629
Payables and other accrued expenses (271,010) (352,133)
Net cash provided by (used in) operating activities (43,929) (45,229)
Investing Activities    
Acquisition of business, net of cash acquired 0 (3,507)
Purchases of Rail Group assets (68,087) (66,506)
Proceeds from sale of Rail Group assets 40,967 9,390
Purchases of property, plant and equipment and capitalized software (54,300) (15,976)
Proceeds from sale of assets 34,981 14,434
Purchase of investments 0 (2,429)
Other 0 437
Net cash provided by (used in) investing activities (46,439) (64,157)
Financing Activities    
Net change in short-term borrowings 163,000 93,941
Proceeds from issuance of long-term debt 50,000 15,175
Proceeds from long-term financing arrangement 0 10,396
Payments of long-term debt (110,150) (42,849)
Proceeds from noncontrolling interest owner 21,806 0
Proceeds from sale of treasury shares to employees and directors 0 0
Payments of debt issuance costs (787) (2,024)
Dividends paid (9,312) (8,984)
Other (497) 35
Net cash provided by (used in) financing activities 114,060 65,690
Decrease in cash and cash equivalents 23,692 (43,696)
Cash and cash equivalents at beginning of period 34,919 62,630
Cash and cash equivalents at end of period $ 58,611 $ 18,934