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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 28, 2022
Cash Flows From Operating Activities:      
Net income (loss) available to common shareholders $ 87,207 $ (61,214) $ 84,022
Net (income) loss from discontinued operations 0 119,313 (34,205)
Dividends on preferred stock 14,400 8,240 0
Net income from continuing operations 101,607 66,339 49,817
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 79,423 74,590 32,081
Deferred income taxes 4,685 7,007 3,201
Equity in earnings of unconsolidated entities (15,407) (2,597) 0
Distribution on investment in AVAIL joint venture 3,113 0 0
Net loss (gain) on sale of property, plant and equipment 61 (1,032) 666
Amortization of debt financing costs 12,171 11,271 455
Share-based compensation expense 9,510 8,382 9,449
Other non-cash items (67) 77 740
Changes in current assets and current liabilities 54,002 (67,075) (32,325)
Changes in other long-term assets and long-term liabilities (4,630) (5,532) (3,486)
Net cash provided by operating activities of continuing operations 244,468 91,430 60,598
Cash flows from investing activities      
Purchase of property, plant and equipment (95,119) (57,120) (23,590)
Acquisition of subsidiaries, net of cash acquired 0 (1,282,730) (61,219)
Proceeds from divestiture 0 106,808 0
Other investing activities 55 4,121 2,666
Net cash used in investing activities of continuing operations (95,064) (1,228,921) (82,143)
Cash flows from financing activities:      
Proceeds from issuance of common stock 2,364 2,372 2,788
Payments for taxes related to net share settlement of equity awards (1,711) (3,000) (2,187)
Proceeds from revolving loan 249,000 380,000 296,000
Payments on revolving loan (314,000) (362,000) (248,000)
Proceeds from long term debt 0 1,540,000 0
Payments of debt financing costs (1,699) (87,548) 0
Payments on long term debt and finance lease liabilities (50,424) (419,750) 0
Repurchase and retirement of treasury stock 0 0 (30,815)
Payments of dividends (31,418) (22,739) (16,874)
Net cash provided by (used in) financing activities of continuing operations (147,888) 1,027,335 912
Effect of exchange rate changes on cash 13 505 158
Net cash used in operating activities from discontinued operations 0 (21,275) 25,412
Net cash used in investing activities from discontinued operations 0 (1,336) (4,692)
Net cash provided by financing activities from discontinued operations 0 120,000 0
Net cash provided by discontinued operations 0 97,389 20,720
Net increase (decrease) in cash and cash equivalents 1,529 (12,262) 245
Cash and cash equivalents at beginning of period 2,820 15,082 14,837
Cash and cash equivalents at end of period 4,349 2,820 15,082
Less: Cash and cash equivalents from discontinued operations at end of period 0 0 (3,000)
Cash and cash equivalents from continuing operations at end of period $ 4,349 $ 2,820 $ 12,082