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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income (loss) $ (1,982) $ (3,035)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 22,679 21,003
Bad debt expense (recovery) (531) 629
Equity in (earnings) losses of affiliates, net of dividends (2,360) 1,931
Gains on sale of Rail Group assets and related leases (2,280) (3,609)
(Gain) loss on sale of assets 277 (4,698)
Stock-based compensation expense 1,268 1,220
Other (70) (725)
Changes in operating assets and liabilities:    
Accounts receivable (30,730) 7,563
Inventories (85,262) 33,456
Commodity derivatives (45,775) 4,017
Other assets 1,134 (9,375)
Payables and other accrued expenses (235,075) (277,612)
Net cash provided by (used in) operating activities (378,707) (229,235)
Investing Activities    
Purchases of Rail Group assets (29,516) (25,074)
Proceeds from sale of Rail Group assets 14,575 5,621
Purchases of property, plant and equipment and capitalized software (29,414) (5,608)
Proceeds from sale of assets 6 13,912
Purchase of investments 0 (1,817)
Other 0 (281)
Net cash provided by (used in) investing activities (44,349) (13,247)
Financing Activities    
Net change in short-term borrowings 467,000 226,000
Proceeds from issuance of long-term debt 50,000 15,175
Proceeds from long-term financing arrangement 0 10,396
Payments of long-term debt (106,515) (37,852)
Proceeds from noncontrolling interest owner 14,700 0
Proceeds from sale of treasury shares to employees and directors 0 511
Payments of debt issuance costs (787) (33)
Dividends paid (4,650) (4,483)
Other (114) (217)
Net cash provided by (used in) financing activities 419,634 209,497
Decrease in cash and cash equivalents (3,422) (32,985)
Cash and cash equivalents at beginning of period 34,919 62,630
Cash and cash equivalents at end of period $ 31,497 $ 29,645