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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Operating activities      
Net income (loss) $ (63,271) $ 65,445 $ (28,034)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:      
Depreciation and amortization 34,476 28,361 29,623
Debt amortization/interest 13,122 11,333 8,816
Debt retirement (300) 0 (771)
Restructuring and asset impairment charges 1,375 5,888 9,118
(Gain) loss on foreign currency transactions (11,816) 6,498 8,274
Gain on sale of property, plant and equipment (658) (597) (1,751)
Reconsolidation of subsidiary 0 (106,203) 0
Bad debt expense (recovery) (5,545) (169) 12,368
Equity in net (income) loss of unconsolidated affiliates, net of dividends 4,348 (4,105) (2,823)
Stock-based compensation 1,712 2,874 3,194
Changes in operating assets and liabilities, net:      
Trade and other receivables 146,109 (149,825) (50,358)
Inventories and advances to tobacco suppliers 92,586 (13,747) (3,992)
Deferred items 611 (2,439) (18,025)
Recoverable income taxes 15,410 (8,563) (1,372)
Payables and accrued expenses 13,192 46,767 (23,408)
Advances from customers 21,096 (19,224) (3,638)
Current derivative asset (2,044) 1,373 (1,373)
Prepaids (10,413) 6,218 1,743
Income taxes (6,331) 2,943 5,511
Other operating assets and liabilities 5,376 (8,382) 1,452
Other, net (1,806) 227 223
Net cash provided (used) by operating activities 247,229 (135,327) (55,223)
Investing activities      
Purchases of property, plant and equipment (13,683) (17,194) (25,273)
Intangibles, including internally developed software costs (79) 0 (781)
Proceeds from sale of property, plant and equipment 1,890 2,270 16,840
Payments to acquire equity method investments 0 0 (1,655)
Change in restricted cash 389 (276) (1,678)
Surrender of life insurance policies 91 1,675 1,194
Other, net (89) 0 (309)
Net cash used by investing activities (11,481) (13,525) (11,662)
Financing activities      
Net proceeds of short-term borrowings 10,544 21,360 145,988
Proceeds from long-term borrowings 472,484 210,000 300,000
Repayment of long-term borrowings (425,426) (32,867) (463,341)
Debt issuance cost (19,305) (5,325) (6,538)
Other, net (95) 455 455
Net cash provided (used) by financing activities 38,202 193,623 (23,436)
Effect of exchange rate changes on cash (560) 823 (608)
Increase (decrease) in cash and cash equivalents 273,390 45,594 (90,929)
Cash and cash equivalents at beginning of year 199,720 143,849 234,778
Cash assumed in reconsolidation of subsidiary 0 10,277 0
Cash and cash equivalents at end of year 473,110 199,720 143,849
Other information:      
Cash paid for income taxes 18,088 20,369 16,192
Cash paid for interest 107,116 104,882 98,957
Cash received from interest $ (8,140) $ (7,291) $ (6,529)