XML 37 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 49,515 $ 4,156 $ 25,366
Adjustments to reconcile net income to cash provided by operating activities      
Depreciation and amortization 40,834 41,702 43,159
Unrealized foreign exchange gain (loss) (2,347) 2,933 133
Amortization of debt issuance costs 3,378 5,157 3,752
Amortization of discount on bonds payable 3,963 4,142 4,093
Change in fair value of common stock warrants 6,112 28,364 (1,887)
Share-based compensation 14,494 2,033 632
Loss on disposals of property, plant and equipment 170 401 690
Deferred income taxes 7,849 2,188 (11,293)
Changes in operating assets and liabilities      
Accounts receivable 12,630 (174) (35,594)
Inventories (2,377) (45,415) (16,192)
Accounts payable 1,968 (1,998) (2,585)
Accrued taxes 14,666 540 (881)
Accrued expenses and other liabilities 113,042 35,364 3,442
Other assets (6,041) 1,165 (11,376)
Other noncurrent liabilities (140,098) 12,278 53,739
Interest due to related parties (12,570) (1,006) (1,085)
Cash flows provided by operating activities 105,188 91,830 54,113
Cash flows from investing activities      
Additions to property, plant and equipment (19,175) (23,201) (23,527)
Receivables from related parties (919)    
Cash flows used in investing activities (20,094) (23,201) (23,527)
Cash flows from financing activities      
Increase (decrease) in short-term borrowings, net (3,941) 7,890 8,177
Repayment of senior term loan facility (30,000)    
Proceeds from senior term loan facility     30,000
Proceeds from term loan facility 375,000    
Repayment of secured floating rate notes (375,000) (50,000) (50,000)
Proceeds from exercise of stock options     100
Proceeds from exercise of common stock warrants 34,503 34,503 34,503
Repayment of bonds (34,503) (34,503) (34,503)
Debt issuance costs (6,606)   (1,045)
Dividends paid on Series A redeemable convertible preferred stock (17,316) (13,747) (13,786)
Dividends paid to noncontrolling interests (4,800) (4,200) (3,600)
Cash flows used in financing activities (62,663) (60,057) (30,154)
Effect of foreign exchange rate changes on cash (2,425) (3,205) (2,522)
Net increase (decrease) in cash 20,006 5,367 (2,090)
Cash, cash equivalents, restricted cash and restricted cash equivalents, beginning of year 59,134 53,767 55,857
Cash, cash equivalents, restricted cash and restricted cash equivalents, end of year 79,140 59,134 53,767
Supplemental information      
Cash paid for interest to related parties 36,753 32,274 34,951
Cash paid for interest to third parties 27,165 20,571 21,656
Cash paid for income taxes 16,589 19,724 27,987
Non-cash additions to property, plant and equipment 1,170 1,913 2,577
Non-cash conversion of Series A redeemable convertible preferred stock 131,036    
Non-cash conversion of convertible notes 362,489    
Non-cash conversion of common stock warrants $ 28,996 7,298  
Non-cash exercise of stock options   $ 2,752 $ 793