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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Operating Activities      
Net Income (Loss) $ 512,384 $ 89,593 $ (42,758)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 33,250 35,581 49,635
Impairment of long-lived assets     2,308
Amortization of acquired contract liability (2,721) (2,500) (5,871)
(Gain) loss on sale of assets and businesses (556,161) (101,523) 9,294
Curtailments, settlements, withdrawals, and special termination benefits loss, net   14,644 52,005
Loss on modification and extinguishment of debt 1,694 32,613  
Other amortization included in interest expense 5,925 6,416 9,047
Provision for credit losses 1,136 1,594 452
Provision for deferred income taxes   14 25
Warrants remeasurement gain (8,545) (9,796)  
Share-based compensation 9,445 8,913 9,782
Changes in other assets and liabilities, excluding the effects of acquisitions and divestitures:      
Trade and other receivables 7,879 (26,433) 2,822
Contract assets 9,584 (9,055) 702
Inventories (17,460) (28,187) 25,642
Prepaid expenses and other current assets (2,919) 1,970 (1,122)
Accounts payable, accrued expenses, and contract liabilities 13,506 (35,733) (189,412)
Accrued pension and other postretirement benefits (3,916) (32,562) (58,597)
Other, net 6,362 2,200 (970)
Net cash provided by (used in) operating activities 9,443 (52,251) (137,016)
Investing Activities      
Capital expenditures (21,827) (20,676) (19,660)
Proceeds from (payments on) sale of assets and businesses 713,413 (6,220) 224,518
Investment in joint venture (1,661) (272) (2,101)
Purchase of facility related to divested businesses     (21,550)
Net cash provided by (used in) investing activities 689,925 (27,168) 181,207
Financing Activities      
Proceeds from issuance of long-term debt 2,000 1,235,000 107
Retirement of debt and finance lease obligations (608,701) (1,126,501) (380,009)
Payment of deferred financing costs (2,368) (17,097) (400)
Proceeds on issuance of common stock, net of issuance costs 79,961 4,090  
Premium on redemption of long-term debt (3,600) (26,157) (9,108)
Repurchase of shares for share-based compensation minimum tax obligation (1,629) (3,547) (3,249)
Net cash (used in) provided by financing activities (534,337) 65,788 (392,659)
Effect of exchange rate changes on cash 77 156 (536)
Net change in cash and cash equivalents 165,108 (13,475) (349,004)
Cash and cash equivalents at beginning of period 227,403 240,878 589,882
Cash and cash equivalents at end of period $ 392,511 $ 227,403 $ 240,878