XML 21 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net loss $ (88,643) $ (15,164)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 44,552 45,657
Provision for deferred income taxes   64
Gain on asset dispositions, net (5,643) (7,351)
Asset impairments [1] 36,886 14,958
Equity in losses of unconsolidated companies, less dividends 108 3,143
Compensation expense - stock-based 1,536 3,219
Changes in assets and liabilities, net:    
Trade and other receivables 26,414 40,280
Changes in due to/from affiliate, net 5,947 41,302
Marine operating supplies 1,288 5,250
Other current assets (4,147) (10,578)
Accounts payable 4,613 4,227
Accrued expenses (19,993) (28,772)
Accrued property and liability losses 289 (209)
Other current liabilities (6,814) (6,811)
Other liabilities and deferred credits (3,212) 708
Other, net (4,084) 2,774
Net cash provided by (used in) operating activities (10,903) 92,697
Cash flows from investing activities:    
Proceeds from sales of assets 1,234 5,176
Additions to properties and equipment (7,578) (92,598)
Refunds from cancelled vessel construction contracts 11,515 24,190
Net cash provided by (used in) investing activities 5,171 (63,232)
Cash flows from financing activities:    
Principal payment on long-term debt (2,324) (23,662)
Debt borrowings   31,338
Cash dividends   (11,789)
Other (1,722) (936)
Net cash used in financing activities (4,046) (5,049)
Net change in cash and cash equivalents (9,778) 24,416
Cash and cash equivalents at beginning of period 678,438 78,568
Cash and cash equivalents at end of period 668,660 102,984
Cash paid during the period for:    
Interest, net of amounts capitalized 26,733 22,430
Income taxes 11,006 17,441
Supplemental disclosure of non-cash investing activities:    
Additions to properties and equipment $ 2,537 $ 421
[1] Refer to Note (14) for additional information regarding asset impairment charges.