| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||
Net earnings | ||||||||
142,177 | 72,663 | 133,453 | 99,533 | 86,896 | 63,823 | 4,336 | -27,006 | 15,458 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||||
Depreciation | ||||||||
57,526 | 52,216 | 45,729 | 34,212 | 27,712 | 23,850 | 22,167 | 23,597 | 23,405 |
Amortization of deferred costs | ||||||||
504 | 506 | 393 | 549 | 633 | 605 | 699 | 699 | 718 |
Net gain on disposal of property, plant, equipment and leased railcars | ||||||||
115 | 63 | -154 | 71 | -24 | -37 | - | - | - |
Loss on disposal of property, plant and equipment | ||||||||
- | - | - | - | - | - | -171 | -33 | -222 |
Change in interest receivable, due from affiliates | ||||||||
- | - | - | - | - | -292 | 105 | -796 | - |
Share-based compensation | ||||||||
- | - | - | - | - | - | - | 5,358 | 1,174 |
Change in interest receivable, due from related parties | ||||||||
- | - | - | - | - | - | - | - | 982 |
Change in interest receivable, due from related parties | ||||||||
- | - | - | - | - | - | - | - | 982 |
Earnings from joint ventures | ||||||||
2,228 | 4,924 | 5,812 | 1,570 | -8,595 | -451 | -7,900 | -7,789 | -6,797 |
Unrealized loss on derivative assets | ||||||||
- | - | - | - | - | - | - | - | -88 |
Provision for deferred income taxes | ||||||||
-59,019 | 30,139 | 61,644 | 72,369 | 39,707 | 37,113 | - | -438 | 1,492 |
Items related to investing activities: | ||||||||
Provision for deferred income taxes | ||||||||
- | - | - | - | - | - | 6,533 | - | - |
Provision for allowance for doubtful accounts receivable | ||||||||
- | - | - | - | 48 | 90 | -22 | 113 | - |
Proceeds from Dividends Received | ||||||||
-97 | -107 | 0 | 0 | - | - | - | - | - |
Realized gains on short-term investmentsavailable for sale securities | ||||||||
2,216 | 73 | 0 | 0 | - | - | - | - | - |
Realized and unrealized gains on short-term investmentsavailable for sale securities | ||||||||
- | - | - | - | 141 | 3,730 | - | - | - |
Realized loss on derivative assets | ||||||||
- | - | - | - | - | - | - | - | -10 |
Realized and unrealized gain on short-term investmentsavailable for sale securities | ||||||||
- | - | - | - | - | - | 0 | 379 | 23,825 |
Loss on debt extinguishment | ||||||||
0 | 0 | -2,126 | -1,896 | -392 | -2,267 | 0 | - | - |
Changes in operating assets and liabilities: | ||||||||
Adjustment to provision for losses on accounts receivable | ||||||||
- | - | - | - | - | - | - | - | -101 |
Impairment of short-term investments - available for sale securities | ||||||||
- | - | - | - | - | - | - | - | 2,884 |
Accounts receivable, net | ||||||||
3,977 | 10,290 | -4,465 | 11,715 | -14,077 | 2,568 | 12,616 | 9,664 | -28,483 |
Accounts receivable, due from related parties | ||||||||
-4,010 | -4,629 | -23,518 | 16,703 | 12,904 | -2,588 | 1,170 | 3,625 | -8,928 |
Income taxes receivable | ||||||||
16,876 | -1,244 | -30,899 | 31,576 | 2,316 | -4,057 | -10,590 | 13,171 | 1,768 |
Inventories, net | ||||||||
-20,964 | -21,974 | -19,812 | 26,935 | -19,819 | 14,224 | 45,813 | 9,925 | -57,260 |
Prepaid expenses and other current assets | ||||||||
-150 | 2,553 | -1,206 | 4,244 | 398 | -621 | 1,885 | -2,244 | -331 |
Accounts payable | ||||||||
-8,062 | -6,760 | -32,630 | 16,034 | -12,184 | 2,653 | 32,988 | 12,446 | -25,366 |
Accounts payable, due to related parties | ||||||||
-3,210 | -1,225 | 1,683 | 1,383 | -1,421 | 2,031 | 525 | -301 | -4,617 |
Accrued expenses and taxes | ||||||||
-9,055 | 16,887 | -19,105 | 639 | 5,468 | 3,633 | 4,183 | -486 | -5,517 |
Other | ||||||||
-11,070 | -6,240 | 3,032 | -2,998 | 9,241 | 2,211 | 358 | 221 | 931 |
Net cash provided by operating activities | ||||||||
131,546 | 180,503 | 264,503 | 136,799 | 164,766 | 121,378 | 28,123 | -12,141 | 84,143 |
Investing activities: | ||||||||
Purchases of property, plant and equipment | ||||||||
7,058 | 23,068 | 36,614 | 20,070 | 22,025 | 19,962 | - | - | - |
Purchases of property, plant and equipment | ||||||||
- | - | - | - | - | - | 6,202 | 6,144 | 15,047 |
Grant Proceeds | ||||||||
0 | 75 | 0 | 0 | - | - | - | - | - |
Capital expenditures - leased railcars | ||||||||
163,785 | 90,332 | 211,646 | 307,680 | 162,068 | 185,918 | 29,444 | - | - |
Proceeds from the Disposal of Property, Plant, and Equipment | ||||||||
417 | 926 | 122 | - | - | - | - | - | - |
Proceeds from the disposal of property, plant, and equipment and leased railcars | ||||||||
- | - | - | 800 | 54 | 259 | 122 | 163 | 71 |
Purchase of short-term investments - available for sale securities | ||||||||
0 | 8,750 | 0 | 0 | - | - | - | - | - |
Purchase of short-term investmentsavailable for sale securities | ||||||||
- | - | - | - | - | 40,334 | 0 | - | 36,841 |
Proceeds from Sale of Available-for-sale Securities | ||||||||
10,535 | 504 | 0 | 0 | 12,699 | 31,506 | 0 | 4,180 | 60,795 |
Proceeds from repayments of loans and distributions from joint ventures | ||||||||
5,907 | 5,907 | 7,500 | 3,750 | - | - | - | - | - |
Proceeds from Equity Method Investment, Dividends or Distributions, Return of Capital | ||||||||
- | - | - | - | 5,100 | - | - | - | - |
Proceeds from repayments of loans by joint ventures and sale of investment in joint venture | ||||||||
- | - | - | - | - | 1,908 | 775 | - | - |
Realized loss on derivative assets | ||||||||
- | - | - | - | - | - | - | - | 10 |
Investments in and loans to joint ventures | ||||||||
- | - | - | - | 136 | 1,856 | 5,711 | 14,891 | 35,810 |
Net cash used in investing activities | ||||||||
-153,984 | -114,738 | -240,638 | -323,200 | -166,376 | -214,397 | -40,460 | -16,692 | -26,842 |
Financing activities: | ||||||||
Repayments of short-term and long-term debt | ||||||||
25,588 | 125,783 | 432,645 | 204,486 | 180,083 | - | - | - | - |
Repayments of short-term and long-term debt | ||||||||
- | - | - | - | - | 100,000 | 0 | - | - |
Proceeds from short-term and long-term debt | ||||||||
0 | 0 | 725,306 | 418,682 | 99,841 | 100,000 | 0 | - | - |
Change in interest reserve related to long-term debt | ||||||||
-74 | -204 | 9,739 | -13 | 3,908 | 0 | 0 | - | - |
Stock repurchases | ||||||||
0 | 28,608 | 57,423 | 0 | 0 | - | - | - | - |
Premium paid on debt redemption | ||||||||
- | - | - | - | - | 1,875 | 0 | - | - |
Payment of common stock dividends | ||||||||
30,534 | 31,006 | 33,243 | 34,164 | 21,352 | 5,338 | 0 | 0 | 1,917 |
Debt issuance costs | ||||||||
0 | 13 | 5,857 | 2,566 | 543 | 1,917 | 0 | - | - |
Proceeds from stock option exercises | ||||||||
- | - | - | - | - | - | 756 | 294 | - |
Net cash used in financing activities | ||||||||
-56,048 | -185,206 | 186,399 | 177,479 | -106,045 | -9,130 | 756 | 294 | -1,917 |
Effect of exchange rate changes on cash | ||||||||
159 | -52 | -309 | -221 | -138 | 22 | -5 | 7 | 118 |
(Decrease) increase in cash and cash equivalents | ||||||||
-78,327 | -119,493 | 209,955 | -9,143 | -107,793 | -102,127 | -11,586 | -28,532 | 55,502 |