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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Operating activities:      
Net (loss) income $ (270,319) $ (71,168) $ 51,906
Adjustments to reconcile net (loss) income to net cash used by operating activities:      
Depreciation and amortization 35,828 35,747 33,598
Debt amortization/interest 12,875 11,843 12,586
Debt retirement benefit 0 (1,753) (2,975)
Asset impairment charges 34,813 891 404
Remeasurement loss (gain) on foreign currency transactions 14,105 (2,383) 5,396
Gain on sale of property, plant, and equipment (6,539) (2,080) (2,704)
Gain on insurance proceeds received for destroyed buildings and equipment (18) (6,038) 0
Bad debt expenses (recovery) 8,644 6,821 (152)
Loss (income) from unconsolidated affiliates, net of dividends 820 (3,936) (6,345)
Stock-based compensation 1,231 1,544 1,189
Changes in operating assets and liabilities, net:      
Trade and other receivables (186,334) (258,984) (308,433)
Inventories and advances to tobacco suppliers (82,639) 32,725 17,967
Deferred items 105,977 9,356 (78,944)
Recoverable income taxes (2,955) (884) (557)
Payables and accrued expenses (15,607) 7,435 (14,007)
Advances from customers 3,354 (5,703) (6,834)
Current derivative asset 0 (3,495) 2,044
Prepaids (16,945) (1,916) (9,994)
Income taxes 2,462 (2,302) 1,297
Other operating assets and liabilities (4,849) 1,933 277
Other, net 7,474 4,066 (2,894)
Net cash used by operating activities (358,622) (248,281) (307,175)
Investing activities:      
Purchases of property, plant, and equipment (61,063) (47,539) (22,783)
Intangibles, including internally developed software costs (3,236) (3,105) (231)
Proceeds from sale of property, plant, and equipment 9,677 5,148 3,161
Collections on beneficial interests on securitized trade receivables 240,994 242,966 263,670
Loans to unconsolidated affiliates (5,250) 0 0
Insurance proceeds received for destroyed buildings and equipment 18 6,465 0
Payments to acquire equity method investments 0 0 (10,000)
Payments to acquire controlling interests, net of cash acquired 0 (8,692) (32,687)
Other, net 213 31 (46)
Net cash provided by investing activities 181,353 195,274 201,084
Financing activities:      
Net proceeds (repayments) of short-term borrowings 122,524 23,043 (62,672)
Proceeds from revolving loan facilities 44,900 0 0
Proceeds from long-term borrowings 500 0 0
Repayment of long-term borrowings (335) (25,132) (34,961)
Debt issuance costs (6,313) (5,285) (5,374)
Additional investment in consolidated affiliates (921) (13,470) 0
Other, net (480) (788) (71)
Net cash provided (used) by financing activities 159,875 (21,632) (103,078)
Effect of exchange rate changes on cash (7,333) 4,416 1,783
Decrease in cash, cash equivalents, and restricted cash (24,727) (70,223) (207,386)
Cash and cash equivalents at beginning of year   192,043 264,660
Restricted cash at beginning of year 2,875 5,767 3,373
Cash, cash equivalents, and restricted cash at end of year 173,083 197,810 268,033
Other information:      
Cash paid for income taxes, net 20,549 26,634 18,691
Cash paid for interest 121,179 125,055 118,441
Cash received from interest (4,066) (3,845) (2,456)
Noncash investing activities:      
Purchases of property, plant, and equipment included in accounts payable 2,087 7,095 697
Sales of property, plant, and equipment included in notes receivable 334 1,957 2,218
Beneficial interests obtained in exchange for transferring trade receivables in a securitization transaction $ 229,751 $ 247,386 $ 281,601