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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2014
Operating activities      
Net income (loss) $ 65,445 $ (28,034) $ (102,876)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:      
Depreciation and amortization 28,361 29,623 32,427
Debt amortization/interest 11,333 8,816 12,707
Debt retirement 0 (771) 57,449
Restructuring and asset impairment charges 5,888 9,118 5,111
Loss on foreign currency transactions 6,498 8,274 12,348
Gain on sale of property, plant and equipment (597) (1,751) (3,175)
Reconsolidation of subsidiary (106,203) 0 0
Gain on disposition of stock in subsidiaries 0 0 (20,369)
Loss on acquisition of equity method investment 0 0 1,253
Bad debt expense (169) 12,368 312
Equity in net income of unconsolidated affiliates, net of dividends (4,105) (2,823) 783
Stock-based compensation 2,874 3,194 3,222
Changes in operating assets and liabilities, net:      
Trade and other receivables (149,825) (50,358) 51,085
Inventories and advances to tobacco suppliers (13,747) (3,992) 168,900
Deferred items (2,439) (18,025) 4,888
Recoverable income taxes (8,563) (1,372) (1,370)
Payables and accrued expenses 46,767 (23,408) 26,838
Advances from customers (19,224) (3,638) 3,330
Current derivative asset 1,373 (1,373) 3,145
Prepaids 6,218 1,743 4,238
Income taxes 2,943 5,511 538
Other operating assets and liabilities (8,382) 1,452 (1,127)
Other, net 227 223 2,815
Net cash provided (used) by operating activities (135,327) (55,223) 262,472
Investing activities      
Purchases of property, plant and equipment (17,194) (25,273) (24,928)
Intangibles, including internally developed software costs 0 (781) (7,803)
Proceeds from sale of property, plant and equipment 2,270 16,840 9,336
Proceeds on sale of subsidiaries, net of cash divested 0 0 3,513
Payments to acquire equity method investments 0 (1,655) (3,500)
Change in restricted cash (276) (1,678) 268
Surrender of life insurance policies 1,675 1,194 2,861
Other, net 0 (309) (196)
Net cash used by investing activities (13,525) (11,662) (20,449)
Financing activities      
Net proceeds (repayments) of short-term borrowings 21,360 145,988 (87,398)
Proceeds from long-term borrowings 210,000 300,000 1,075,877
Repayment of long-term borrowings (32,867) (463,341) (1,030,256)
Debt issuance cost (5,325) (6,538) (22,764)
Debt retirement cost 0 0 (36,033)
Other, net 455 455 111
Net cash used by financing activities 193,623 (23,436) (100,463)
Effect of exchange rate changes on cash 823 (608) 1,192
Increase (decrease) in cash and cash equivalents 45,594 (90,929) 142,752
Cash and cash equivalents at beginning of year 143,849 234,778 92,026
Cash assumed in reconsolidation of subsidiary 10,277 0 0
Cash and cash equivalents at end of year 199,720 143,849 234,778
Other information:      
Cash paid for income taxes 20,369 16,192 17,911
Cash paid for interest 104,882 98,957 105,192
Cash received from interest $ (7,291) $ (6,529) $ (8,799)