| Mar'20 | Sep'19 | Jun'19 | Mar'19 | Sep'18 | Jun'18 | Mar'18 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities | |||||||||
Net earnings (loss) | |||||||||
-137,885 | -17 | 21,974 | 9,818 | -13,703 | -7,539 | -1,814 | -24,700 | 21,126 | -15,821 |
Adjustments to reconcile net earnings (loss) to operating cash flows: | |||||||||
Depreciation, depletion and amortization | |||||||||
10,062 | 7,514 | 5,206 | 5,471 | 4,778 | 4,816 | 4,946 | 5,277 | 5,433 | 5,621 |
Provision for deferred income taxes | |||||||||
-38,132 | -23,718 | -4,769 | -7,415 | -9,469 | -3,238 | 380 | -27,916 | 13,189 | -10,281 |
Asset impairments and other non-cash expenses | |||||||||
10,548 | 4,663 | 1,303 | 2,139 | 532 | 475 | 239 | 1,846 | 1,030 | 435 |
(Gains) losses on disposal of assets | |||||||||
1,272 | -863 | 478 | 185 | -331 | -7 | -96 | 647 | -94 | -99 |
Gain on debt extinguisment | |||||||||
4,346 | - | - | 0 | - | - | - | - | - | - |
Investment partnership (gains) losses | |||||||||
-175,742 | - | - | 34,154 | - | - | - | - | - | - |
Distributions from investment partnerships | |||||||||
42,300 | 0 | 40,000 | 0 | 26,000 | 0 | 0 | - | - | - |
Changes in operating assets and liabilities | |||||||||
Investment partnership gains (losses) | |||||||||
- | - | - | - | -19,008 | -8,341 | 3,495 | -43,859 | 37,238 | -24,968 |
Distributions from investment partnerships | |||||||||
- | - | - | - | 0 | 2,500 | 5,200 | 4,380 | 0 | 5,015 |
Changes in receivables and inventories | |||||||||
-7,465 | 455 | -1,430 | -7,842 | 1,809 | -956 | -3,861 | 1,456 | 946 | -5,202 |
Changes in other assets | |||||||||
-1,891 | 1,276 | 18 | -53 | 629 | -91 | -1,121 | -141 | -349 | 114 |
Changes in accounts payable and accrued expenses | |||||||||
-15,896 | 190 | 8,802 | 6,394 | -4,158 | 2,571 | -19,979 | -216 | 3,476 | -5,261 |
Net cash provided by (used in) operating activities | |||||||||
50,477 | 48,154 | 1,742 | -10,037 | -5,119 | 8,980 | -9,445 | 568 | 6,513 | 9,863 |
Investing activities | |||||||||
Capital expenditures | |||||||||
6,473 | 2,119 | 2,674 | 3,564 | 3,182 | 4,766 | 2,452 | 1,465 | 2,789 | 1,990 |
Proceeds from property and equipment disposals | |||||||||
1,824 | 425 | 70 | 320 | 34 | 952 | 1,524 | 484 | 470 | 50 |
Acquisition of business, net of cash acquired | |||||||||
34,240 | - | - | 0 | - | - | - | - | - | - |
Purchases of limited partner interests | |||||||||
- | - | - | - | 7,340 | 0 | 0 | - | - | - |
Distributions from investment partnerships | |||||||||
0 | - | - | 40,000 | - | - | - | - | - | - |
Purchases of limited partner interests | |||||||||
30,100 | - | - | 40,000 | - | - | - | - | - | - |
Purchases of investments | |||||||||
105,430 | 35,606 | 32,811 | 23,510 | 25,168 | 6,632 | 18,340 | 13,749 | 6,195 | 16,945 |
Redemptions of fixed maturity securities | |||||||||
108,845 | 33,700 | 32,250 | 21,300 | 17,591 | 6,508 | 17,492 | 17,469 | 0 | 18,653 |
Net cash used in investing activities | |||||||||
-65,574 | -54,657 | -3,165 | -5,454 | 7,935 | -3,938 | -1,776 | -968 | -8,514 | -232 |
Financing activities | |||||||||
Proceeds from revolving credit facility | |||||||||
50 | - | - | 0 | - | - | - | - | - | - |
Payments on revolving credit facility | |||||||||
- | - | - | - | 43 | 93 | 39 | 89 | 53 | 20 |
Principal payments on long-term debt | |||||||||
17,933 | 550 | 550 | 550 | 550 | 550 | 550 | 550 | 550 | 15,550 |
Principal payments on direct financing lease obligations | |||||||||
1,525 | 1,469 | 1,466 | 1,418 | 1,272 | 1,349 | 1,400 | 1,377 | 1,370 | 1,356 |
Proceeds from exercise of stock options | |||||||||
- | - | - | - | 0 | 7 | 42 | 0 | 0 | 30 |
Net cash used in financing activities | |||||||||
-19,408 | -2,019 | -2,016 | -1,968 | -1,865 | -1,985 | -1,947 | -2,016 | -1,973 | -16,896 |
Effect of exchange rate changes on cash | |||||||||
14 | -32 | 8 | -5 | -8 | -90 | 35 | 45 | 83 | 17 |
Decrease in cash, cash equivalents and restricted cash | |||||||||
-34,491 | - | - | -17,464 | - | - | - | - | - | - |
Decrease in cash, cash equivalents and restricted cash | |||||||||
- | - | - | - | 943 | 2,967 | -13,133 | -2,371 | -3,891 | -7,248 |