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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net income (loss) $ 15,263 $ 19,431
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 64,146 45,232
Bad debt expense (recovery) 1,703 (837)
Equity in (earnings) losses of affiliates, net of dividends (1,034) (11,192)
Gains on sales of Rail Group assets and related leases (1,298) (3,989)
Loss (gain) on sales of assets 106 (342)
Stock-based compensation expense 7,292 3,006
Deferred federal income tax 5,793 0
Asset impairment 3,081 6,272
Other 1,102 (138)
Changes in operating assets and liabilities:    
Accounts receivable (181,917) (33,859)
Inventories 394,630 151,095
Commodity derivatives (82,933) 34,850
Other assets 27,420 17,552
Payables and other accrued expenses (338,201) (271,010)
Net cash provided by (used in) operating activities (84,847) (43,929)
Investing Activities    
Acquisition of business, net of cash acquired (147,693) 0
Purchases of Rail Group assets (43,435) (68,087)
Proceeds from sale of Rail Group assets 7,389 40,967
Purchases of property, plant and equipment and capitalized software (87,209) (54,300)
Proceeds from sale of assets 795 34,981
Purchase of investments (1,240) 0
Net cash provided by (used in) investing activities (271,393) (46,439)
Financing Activities    
Net change in short-term borrowings (660) 163,000
Proceeds from issuance of long-term debt 748,099 50,000
Payments of long-term debt (390,528) (110,150)
Proceeds from noncontrolling interest owner 4,715 21,806
Payments of debt issuance costs (5,788) (787)
Dividends paid (11,041) (9,312)
Other (387) (497)
Net cash provided by (used in) financing activities 344,410 114,060
Effect of exchange rates on cash and cash equivalents 324 0
Increase (Decrease) in cash and cash equivalents (11,506) 23,692
Cash and cash equivalents at beginning of period 22,593 34,919
Cash and cash equivalents at end of period $ 11,087 $ 58,611