XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities:    
Net loss $ (14,505) $ (11,628)
Adjustments to reconcile net loss to net cash used by operating activities:    
Depreciation and amortization 5,929 4,066
Loss on deconsolidation/disposition of subsidiaries 599 0
Debt amortization/interest 5,530 6,132
Loss on foreign currency transactions 39 1,325
Income from unconsolidated affiliates, net of dividends 7,773 10,567
Changes in operating assets and liabilities, net    
Trade and other receivables 26,612 (59,058)
Inventories and advances to tobacco suppliers (228,994) (118,268)
Deferred items (8,214) (3,643)
Recoverable income taxes (796) (5,971)
Payables and accrued expenses (25,249) (17,950)
Advances from customers (6,997) 17,515
Prepaid expenses (6,027) (367)
Income taxes 1,313 (4,320)
Other operating assets and liabilities 3,396 118
Other, net (2,899) (4,475)
Net cash used by operating activities (242,490) (185,957)
Investing Activities:    
Purchases of property, plant, and equipment (2,210) (3,815)
Collections on beneficial interests on securitized trade receivables 45,468 37,681
DIP loan to deconsolidated subsidiary 0 (5,229)
Proceeds from settlement of debt claims from deconsolidated subsidiaries 2,011 0
Other, net 1,766 1,017
Net cash provided by investing activities 47,035 29,654
Financing Activities:    
Net proceeds and repayments from short-term borrowings 170,419 29,015
Proceeds from DDTL facility 0 117,600
Debt issuance costs (2,036) (6,148)
Other, net 372 129
Net cash provided by financing activities 168,755 140,596
Effect of exchange rate changes on cash 322 514
Decrease in cash, cash equivalents, and restricted cash (26,378) (15,193)
Cash and cash equivalents at beginning of period 198,777 92,705
Restricted cash at beginning of period 2,537 5,008
Cash, cash equivalents, and restricted cash at end of period 174,936 82,520
Other information:    
Cash paid for income taxes, net 5,027 4,871
Cash paid for interest, net 12,704 15,856
Noncash investing activities:    
Noncash amounts obtained as a beneficial interest in exchange for transferring trade receivables in a securitization transaction $ 29,033 $ 38,498