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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 (loss) income $ (143,124) $ 52,492 $ (184,101)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization, including amortization of debt issuance costs 282,731 290,879 306,208
Loss (gain) on early extinguishment or revaluation of liabilities, net 57,961 3,488 (8,308)
Equity-based compensation expense 1,098 2,718 (1,052)
Loss on disposal or impairment of assets, net 115,936 86,888 94,254
Change in provision for expected credit losses 471 (385) 929
Net adjustments to fair value of derivatives 1,047 5,383 116,556
Equity in earnings of unconsolidated entities (4,120) (4,120) (1,400)
Distributions of earnings from unconsolidated entities 5,190 4,627 2,205
Lower of cost or net realizable value adjustments 4,564 3,227 14,761
Other 3,239 1,827 2,310
Changes in operating assets and liabilities, exclusive of acquisitions:      
Accounts receivable-trade and affiliates 230,368 86,629 (397,607)
Inventories 7,104 85,050 (119,806)
Other current and noncurrent assets 28,195 20,848 40,158
Accounts payable-trade and affiliates (219,997) (155,883) 405,420
Other current and noncurrent liabilities 5,501 (38,482) (64,681)
Net cash provided by operating activities 376,164 445,186 205,846
INVESTING ACTIVITIES:      
Capital expenditures (152,295) (147,765) (142,359)
Net settlements of derivatives (1,022) 54,430 (152,055)
Proceeds from sales of assets 53,246 45,978 18,500
Proceeds from divestitures of businesses and investments, net 16,000 111,633 63,489
Investments in unconsolidated entities (258) (88) (350)
Distributions of capital from unconsolidated entities 568 0 367
Net cash (used in) provided by investing activities (83,761) 64,188 (212,408)
FINANCING ACTIVITIES:      
Proceeds from borrowings under ABL Facility 1,652,000 2,007,000 1,815,000
Payments on ABL Facility (1,790,000) (1,985,000) (1,703,000)
Issuance of secured debt 2,894,873 0 0
Repayment and repurchase of senior secured and unsecured notes (2,781,067) (479,302) (83,167)
Payments on other long-term debt 0 (43,278) (7,390)
Debt issuance costs (53,170) (3,294) (12,932)
Distributions to preferred unitholders (178,299) 0 0
Distributions to noncontrolling interest owners (1,586) (1,993) (1,635)
Common unit repurchases and cancellations (84) (99) (90)
Payments to settle contingent consideration liabilities (1,576) (1,789) (1,231)
Principal payments of finance lease (16) (10) 0
Net cash (used in) provided by financing activities (258,925) (507,765) 5,555
Net increase (decrease) in cash and cash equivalents 33,478 1,609 (1,007)
Cash and cash equivalents, beginning of period 5,431 3,822 4,829
Cash and cash equivalents, end of period 38,909 5,431 3,822
Supplemental cash flow information:      
Cash interest paid 247,395 265,420 254,814
Income taxes paid (net of income tax refunds) 3,250 3,410 2,480
Supplemental non-cash investing and financing activities:      
Accrued capital expenditures $ 9,626 $ 7,533 $ 14,558