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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating Activities      
Net income (loss) $ (14,215) $ 15,060 $ 41,225
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:      
Depreciation and amortization 188,638 146,166 90,297
Bad debt expense 7,042 4,007 542
Equity in (earnings) losses of affiliates, net of dividends (638) 7,671 (23,167)
Loss (gain) on sales of assets, net (37) (7,063) (5,218)
Gains on sales of Rail assets and related leases, net (649) (4,122) (9,558)
Stock based compensation expense 10,183 16,229 6,624
Deferred income tax 26,386 5,114 11,018
Inventory write-down 11,676 0 0
Asset impairment 0 41,212 6,272
Gain from remeasurement of equity method investments, net 0 (35,214) 0
Other 10,072 3,540 (1,451)
Changes in operating assets and liabilities:      
Accounts receivable (128,502) 1,487 (24,788)
Inventories (139,499) (1,578) (44,060)
Commodity derivatives (115,170) 21,714 (16,610)
Other assets (53,208) 30,497 3,290
Payables and other accrued expenses 123,489 103,842 (69,935)
Net cash provided by (used in) operating activities (74,432) 348,562 (35,519)
Investing Activities      
Acquisition of businesses, net of cash acquired 0 (102,580) (2,248)
Purchases of Rail assets (27,739) (105,254) (167,005)
Proceeds from sale of Rail assets 10,077 18,090 79,439
Purchases of property, plant and equipment and capitalized software (77,147) (165,223) (142,579)
Proceeds from sale of assets and businesses 11,112 30,617 47,486
Purchase of investments (3,059) (1,490) (1,086)
Other 0 808 0
Net cash used in investing activities (86,756) (325,032) (185,993)
Financing Activities      
Net change in short-term borrowings 254,971 (278,824) 183,000
Proceeds from issuance of long-term debt 471,906 922,594 132,000
Payments of long-term debt (559,711) (608,483) (121,090)
Proceeds from noncontrolling interest owner 8,576 4,714 46,736
Distributions to noncontrolling interest owner (10,322) 0 0
Payments of debt issuance costs (898) (6,561) (1,446)
Acquisition of noncontrolling interest 0 0 (10,000)
Dividends paid (23,004) (22,118) (18,639)
Other (5,222) (2,615) (1,375)
Net cash provided by financing activities 136,296 8,707 209,186
Effect of exchange rates on cash, cash equivalents and restricted cash (880) 65 0
Increase (decrease) in cash, cash equivalents and restricted cash (25,772) 32,302 (12,326)
Cash, cash equivalents and restricted cash at beginning of year 54,895 22,593 34,919
Cash, cash equivalents and restricted cash at end of year $ 29,123 $ 54,895 $ 22,593