| Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Mar'17 |
|---|---|---|---|---|---|---|---|---|
Net income (loss) attributable to Covia Holdings Corporation | ||||||||
-1,257,235 | 53,772 | -34,394 | -52,245 | -48,139 | -288,794 | 20,893 | 45,542 | 16,838 |
Adjustments to reconcile net loss to net cash provided by operating activities: | ||||||||
Depreciation, depletion, and amortization | ||||||||
52,823 | 51,920 | 59,204 | 58,095 | 68,066 | 64,063 | 38,987 | 29,409 | 26,552 |
Amortization of deferred financing costs | ||||||||
5,202 | 1,649 | 1,487 | 1,490 | - | - | - | - | - |
Restructuring charges | ||||||||
- | - | - | 2,002 | - | - | - | - | - |
Deferred income tax provision (benefit) | ||||||||
-274,759 | 19,449 | -4,439 | -8,596 | 2,692 | -10,798 | 985 | 579 | 570 |
Stock compensation expense | ||||||||
1,650 | 2,296 | 3,315 | 2,767 | - | - | - | - | - |
Net income from non-controlling interest | ||||||||
-33 | 152 | 7 | -3 | - | - | - | - | - |
Other, net | ||||||||
-10,622 | 1,085 | -7,974 | 1,852 | -3,346 | -6,448 | -6,077 | 1,424 | 117 |
Change in operating assets and liabilities, net of business combination effect: | ||||||||
Accounts receivable | ||||||||
-49,102 | -38,004 | -19,824 | 44,525 | -52,317 | -98,002 | 13,979 | 30,490 | 21,369 |
Inventories | ||||||||
-13,839 | -13,448 | -3,535 | -2,785 | -4,142 | -9,301 | -5,817 | 4,607 | -2,748 |
Prepaid expenses and other assets | ||||||||
-12,865 | -1,360 | 2,985 | -7,703 | 5,261 | 660 | -135 | 281 | -5,330 |
Accounts payable | ||||||||
-1,508 | -20,690 | 4,104 | -6,364 | -26,434 | -35,990 | 16,685 | -13,323 | -10,564 |
Accrued expenses | ||||||||
10,086 | -23,768 | 48,919 | -16,339 | 14,566 | -16,519 | -28,308 | -3,264 | -4,248 |
Net cash provided by operating activities | ||||||||
35,119 | 17,369 | 106,508 | -55,082 | 57,127 | 104,677 | 63,442 | 22,141 | 15,740 |
Capital expenditures | ||||||||
12,472 | 15,594 | 26,588 | 32,881 | 75,628 | 72,715 | 69,456 | 46,253 | 11,674 |
Capitalized interest | ||||||||
540 | 3,489 | 0 | 3,283 | - | - | - | - | - |
Proceeds from sale of fixed assets | ||||||||
- | - | - | - | 2,318 | 640 | -112 | 334 | 186 |
Other investing activities | ||||||||
- | - | - | - | - | - | - | 52 | -33 |
Net cash provided by (used in) investing activities | ||||||||
-6,750 | 217,799 | -26,458 | -36,164 | -73,310 | -72,075 | -165,213 | -45,971 | -11,455 |
Proceeds from borrowings on term loan | ||||||||
- | - | - | - | - | - | - | - | 49,815 |
Payments on term loan | ||||||||
0 | 4,125 | 4,125 | 4,125 | - | - | - | - | 185 |
Payments on term debt | ||||||||
- | - | - | - | - | - | - | 328 | - |
Payments on other long-term debt | ||||||||
0 | 1,588 | -11 | 87 | - | - | - | - | - |
Payments on finance lease liabilities | ||||||||
941 | 1,223 | 1,117 | 1,120 | - | - | - | - | - |
Proceeds from share-based awards exercised or distributed | ||||||||
0 | 0 | 38 | -24 | - | - | - | - | - |
Tax payments for withholdings on share-based awards exercised or distributed | ||||||||
20 | 130 | 153 | 333 | - | - | - | - | - |
Dividends paid | ||||||||
- | - | - | - | - | - | - | - | 50,000 |
Net cash used in financing activities | ||||||||
-49,453 | -7,066 | -5,346 | -5,689 | -4,935 | -14,608 | -46,928 | -328 | -370 |
Effect of foreign currency exchange rate changes | ||||||||
442 | -119 | 147 | 97 | -159 | 1,043 | 795 | 373 | 688 |
Increase (decrease) in cash and cash equivalents | ||||||||
-20,642 | 227,983 | 74,851 | -96,838 | -21,277 | 19,037 | -147,904 | -23,785 | 4,603 |
Supplemental disclosure of cash flow information: | ||||||||
Interest paid, net of capitalized interest | ||||||||
27,635 | 25,106 | 1,162 | 23,698 | 26,370 | 32,742 | 3,729 | 5,119 | 5,195 |
Income taxes (paid) refunded | ||||||||
18,552 | -3,093 | -6,097 | -2,332 | -4,742 | -2,622 | -3,377 | -4,791 | 4,394 |
Non-cash investing activities: | ||||||||
Decrease in accounts payable and accrued expenses for additions to property, plant, and equipment and capitalized interest | ||||||||
- | - | -8,518 | -22,682 | - | - | 0 | -593 | -356 |
Right-of-use assets obtained in exchange for lease liabilities | ||||||||
6,922 | 3,279 | 4,687 | 411,191 | - | - | - | - | - |