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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income (loss) $ (29,752) $ (181)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 42,878 41,379
Bad debt expense 839 491
Equity in (earnings) losses of affiliates, net of dividends (3,793) 7,181
Gains on sale of facilities and investments in affiliates (4,701) (685)
Gains on sale of Rail Group assets and related leases (4,984) (4,725)
Deferred income taxes (628) (1,601)
Stock-based compensation expense 2,935 3,696
Goodwill impairment 42,000 0
Other (2,339) 234
Changes in operating assets and liabilities:    
Accounts receivable 13,086 (43,650)
Inventories 213,064 224,368
Commodity derivatives 27,670 (60,443)
Other assets 10,629 35,612
Payables and other accrued expenses (352,133) (396,037)
Net cash provided by (used in) operating activities (45,229) (194,361)
Investing Activities    
Acquisition of business, net of cash acquired (3,507) 0
Purchases of Rail Group assets (66,506) (27,504)
Proceeds from sale of Rail Group assets 9,390 10,397
Purchases of property, plant and equipment and capitalized software (15,976) (34,443)
Proceeds from sale of property, plant and equipment 646 173
Proceeds from returns of investments in affiliates 0 15,013
Proceeds from sale of facilities and investments 13,788 54,330
Purchase of investments (2,429) (2,523)
Other 437 (538)
Net cash provided by (used in) investing activities (64,157) 14,905
Financing Activities    
Net change in short-term borrowings 93,941 164,000
Proceeds from issuance of long-term debt 15,175 77,564
Proceeds from long-term financing arrangement 10,396 0
Payments of long-term debt (42,849) (85,177)
Proceeds from sale of treasury shares to employees and directors 473 1,282
Payments of debt issuance costs (2,024) (309)
Dividends paid (8,984) (8,679)
Other (438) (1,592)
Net cash provided by (used in) financing activities 65,690 147,089
Decrease in cash and cash equivalents (43,696) (32,367)
Cash and cash equivalents at beginning of period 62,630 63,750
Cash and cash equivalents at end of period $ 18,934 $ 31,383