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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Operating activities:      
Net loss $ (650,011) $ (160,376) $ (65,349)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 167,291 182,309 175,204
Provision (benefit) for deferred income taxes (2,200) (6,796) (72,389)
(Gain) loss on asset dispositions, net (24,099) (26,037) (23,796)
Asset impairments 484,727 117,311 14,525
Goodwill impairment     283,699
Equity in earnings (losses) of unconsolidated companies, net of dividends (7,613) 28,704 (1,916)
Compensation expense – stock based 3,278 13,219 21,374
Excess tax (benefit) liability on stock options exercised 4,927 1,605 1,784
Changes in assets and liabilities, net:      
Trade and other receivables 104,829 71,540 (43,537)
Changes in due to/from affiliate, net 20,829 84,084 108,588
Marine operating supplies 2,285 13,672 6,148
Other current assets (12,523) 5,976 2,794
Accounts payable (17,531) (4,881) (22,989)
Accrued expenses (18,687) (53,143) (11,435)
Accrued property and liability losses 262 (348) 38
Other current liabilities (26,658) (15,578) 118
Other liabilities and deferred credits (2,657) 231 4,875
Other, net 3,372 1,868 (19,023)
Net cash provided by operating activities 29,821 253,360 358,713
Cash flows from investing activities:      
Proceeds from sales of assets 14,797 10,690 8,310
Proceeds from sale/leaseback of assets     123,950
Additions to properties and equipment (25,499) (194,485) (364,194)
Refunds from cancelled vessel construction contracts 25,565 46,119  
Other   2,680 516
Net cash provided by (used in) investing activities 14,863 (134,996) (231,418)
Cash flows from financing activities:      
Principal payments on long-term debt (10,069) (136,843) (97,823)
Debt borrowings   656,338 138,488
Cash dividends   (35,388) (48,834)
Repurchases of common stock     (99,999)
Other (6,649) (2,601) (918)
Net cash (used in) provided by financing activities (16,718) 481,506 (109,086)
Net change in cash and cash equivalents 27,966 599,870 18,209
Cash and cash equivalents at beginning of year 678,438 78,568 60,359
Cash and cash equivalents at end of year 706,404 678,438 78,568
Cash paid during the year for:      
Interest, net of amounts capitalized 70,687 50,729 49,390
Income taxes 26,916 $ 51,585 74,310
Supplemental disclosure of noncash investing activities:      
Additions to properties and equipment $ 5,047   $ 2,068