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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
1 Months Ended 5 Months Ended 6 Months Ended
Sep. 30, 2020
Aug. 31, 2020
Sep. 30, 2021
Operating Activities:      
Net (loss) income $ (5,798) $ 18,075 $ (21,651)
Adjustments to reconcile net loss to net cash used by operating activities:      
Depreciation and amortization 3,495 16,580 8,170
Loss on deconsolidation of subsidiaries 0 0 2,456
Debt amortization/interest 1,527 4,862 11,656
Loss (gain) on foreign currency transactions 4,674 (11,077) 2,605
Asset impairment charges 295 213 5,689
(Loss) income from unconsolidated affiliates, net of dividends (257) 2,915 9,248
Reorganization items, net 0 (130,215) 0
Changes in operating assets and liabilities, net (17,875) (67,544) (243,504)
Other, net (2,990) (15,870) (5,813)
Net cash used by operating activities (16,929) (182,061) (231,144)
Investing Activities:      
Purchases of property, plant, and equipment (1,331) (7,757) (8,568)
Collections on beneficial interests on securitized trade receivables 10,926 74,328 82,649
DIP loan to deconsolidated subsidiary 0 0 (5,229)
Collection of DIP loan from deconsolidated subsidiary 0 0 10,996
Payments to acquire businesses, net of cash acquired 0 (4,805) 0
Other, net 374 (109) 386
Net cash provided by investing activities 9,969 61,657 80,234
Financing Activities:      
Net proceeds and repayments from short-term borrowings 3,455 (99,969) 85,047
Proceeds from long-term borrowings 449 2,568 150
Share repurchases 0 (1,000) 0
Debt issuance costs (2,452) (8,486) (6,300)
DIP financing fees 0 (9,344) 0
Other debt restructuring costs 0 (7,574) 0
Other, net (123) (565) (24)
Net cash provided by financing activities 38,829 63,669 185,473
Effect of exchange rate changes on cash (620) 1,628 (1,223)
Increase (decrease) in cash, cash equivalents, and restricted cash 31,249 (55,107) 33,340
Cash and cash equivalents at beginning of period 93,138 170,208 92,705
Restricted cash at beginning of period 24,838 2,875 5,008
Cash, cash equivalents, and restricted cash at end of period 149,225 117,976 131,053
Other information:      
Cash paid for income taxes, net 2,990 5,560 12,030
Cash paid for interest, net 3,716 52,877 41,838
Cash paid for reorganization items 0 7,314 0
Noncash investing and financing activities:      
Purchases of property, plant, and equipment included in accounts payable 1,102 1,759 283
Noncash amounts obtained as a beneficial interest in exchange for transferring trade receivables in a securitization transaction 12,309 66,821 91,742
Cancellation of second lien notes 0 (634,487) 0
DIP Facility      
Financing Activities:      
Proceeds from credit facilities 0 206,700 0
Repayment of credit facilities 0 (213,418) 0
DDTL Facility      
Financing Activities:      
Proceeds from credit facilities 0 0 117,600
Term Loans      
Financing Activities:      
Proceeds from credit facilities 0 213,418 0
10.0% Senior Secured First Lien Notes due 2024      
Financing Activities:      
Proceeds from 10.0% first lien notes 0 280,844 0
8.5% Senior Secured First Lien Notes due 2021      
Financing Activities:      
Repayment of notes 0 (280,844) 0
Revolving Loans Facilities      
Financing Activities:      
Proceeds from credit facilities 37,500 27,438 0
Repayment of credit facilities 0 (44,900) (11,000)
Second Lien Notes      
Financing Activities:      
Repayment of notes $ 0 $ (1,199) $ 0