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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net loss $ (51,111) $ (14,148)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 46,898 33,760
Bad debt expense 4,310 318
Equity in earnings of affiliates, net of dividends (129) (1,465)
Gains on sales of Rail Group assets and related leases (645) (736)
Stock-based compensation expense 2,880 4,799
Deferred federal income tax 16,474 (5,640)
Inventory write down 10,571 0
Other 4,001 4,528
Changes in operating assets and liabilities:    
Accounts receivable (11,737) (79,295)
Inventories 122,323 124,741
Commodity derivatives 1,231 (9,149)
Other assets (10,887) 11,337
Payables and other accrued expenses (362,609) (191,095)
Net cash used in operating activities (228,430) (122,045)
Investing Activities    
Acquisition of business, net of cash acquired 0 (147,343)
Purchases of Rail Group assets (13,270) (15,873)
Proceeds from sale of Rail Group assets 2,405 1,948
Purchases of property, plant and equipment and capitalized software (19,307) (44,728)
Proceeds from sale of assets 36 400
Purchase of investments (280) (240)
Net cash used in investing activities (30,416) (205,836)
Financing Activities    
Net change in short-term borrowings 251,712 9,942
Proceeds from issuance of long-term debt 90,736 693,761
Payments of long-term debt (104,913) (361,067)
Contributions by noncontrolling interest owner 3,307 4,715
Distributions to noncontrolling interest owner (10,298) 0
Payments of debt issuance costs (250) (5,788)
Dividends paid (5,723) (5,515)
Other (994) 2
Net cash provided by financing activities 223,577 336,050
Effect of exchange rates on cash, cash equivalents and restricted cash 67 (771)
Increase (Decrease) in cash, cash equivalents and restricted cash (35,202) 7,398
Cash, cash equivalents and restricted cash at beginning of period 54,895 22,593
Cash, cash equivalents and restricted cash at end of period $ 19,693 $ 29,991