| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net income | ||||||||||||
509 | 19,331 | 26,819 | 30,719 | 3,441 | 28,470 | 14,436 | 16,159 | 556 | 65,564 | -3,016 | -1,670 | -2,315 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
Depreciation | ||||||||||||
33,501 | 34,558 | 31,553 | 32,381 | 33,154 | 33,149 | 30,626 | 33,962 | 34,903 | 34,564 | 31,957 | 29,841 | 28,189 |
Amortization | ||||||||||||
12,169 | 12,302 | 12,693 | 12,709 | 12,740 | 12,787 | 13,201 | 13,021 | 13,585 | 13,441 | 13,972 | 12,779 | 12,397 |
Amortization of inventory step-up | ||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 1,603 | 0 | 0 | 0 | 871 |
Amortization of deferred financing costs and original issue discount | ||||||||||||
1,271 | 1,425 | 1,480 | 1,471 | 1,401 | 1,490 | 1,550 | 1,520 | 1,559 | 2,107 | 2,278 | 1,680 | 2,668 |
Debt extinguishment costs | ||||||||||||
- | - | - | - | - | 1,008 | 864 | 0 | 3,755 | 61,109 | 253 | 0 | 0 |
Foreign currency exchange (gain) loss | ||||||||||||
-3,337 | 2,593 | -4,457 | -3,612 | 2,689 | 1,537 | -3,527 | -6,757 | -5,063 | -4,174 | -5,256 | -14,370 | -1,986 |
Pension and postretirement healthcare benefit expense | ||||||||||||
-65 | 971 | 546 | 1,009 | 1,176 | 726 | -252 | -217 | 816 | 647 | 552 | 1,188 | 902 |
Pension and postretirement healthcare benefit funding | ||||||||||||
-3,150 | -753 | -5,285 | -260 | -3,372 | -1,187 | -2,375 | -634 | -3,406 | -362 | -3,920 | -795 | -2,810 |
Deferred income tax (benefit) provision | ||||||||||||
-1,519 | 1,486 | 5,978 | 9,663 | 1,181 | 1,951 | -1,634 | 5,735 | -2,607 | -127,765 | -7,177 | -3,303 | -1,967 |
Net loss on asset disposals | ||||||||||||
-9,420 | 5,371 | -1,142 | 9,659 | -820 | 4,532 | -5,202 | -4,752 | -1,152 | 626 | -3,494 | -2,577 | -348 |
Stock compensation | ||||||||||||
5,920 | 4,649 | 4,806 | 5,370 | 3,400 | 7,585 | 4,252 | 3,796 | 3,831 | 4,930 | 1,041 | 1,176 | 1,652 |
Equity in net income from affiliated companies | ||||||||||||
8,350 | 14,409 | 17,261 | 12,300 | 2,064 | 6,488 | 5,605 | 13,666 | 11,852 | 13,893 | 10,257 | 8,745 | 5,877 |
Dividends received from affiliated companies | ||||||||||||
0 | 20,051 | 15,000 | 72 | 5,000 | 4,305 | 20,000 | 5,071 | 10,819 | 25,000 | 4,000 | 15,071 | 0 |
Net interest income on swaps designated as net investment hedges | ||||||||||||
1,771 | 45 | 3,957 | 588 | 3,890 | 580 | 4,279 | 0 | 0 | - | - | - | - |
Other, net | ||||||||||||
-694 | -5,443 | 3,469 | -712 | -3,644 | 4,956 | -2,549 | -996 | -2,928 | -7,304 | 1,472 | 1,263 | 508 |
Working capital changes that provided (used) cash, excluding the effect of acquisitions and dispositions: | ||||||||||||
Receivables | ||||||||||||
26,050 | -37,010 | -23,789 | 47,382 | -1,121 | -32,655 | -11,218 | 43,259 | 11,065 | -17,437 | -15,146 | 27,528 | 16,518 |
Inventories | ||||||||||||
9,736 | 17,150 | -10,398 | -6,961 | 19,152 | 17,758 | -18,631 | -9,686 | 19,539 | 26,097 | -2,882 | -7,038 | 5,023 |
Prepaids and other current assets | ||||||||||||
742 | -988 | 1,915 | 707 | -2,890 | 4,793 | -2,057 | -1,100 | 4,712 | -2,566 | 4,560 | -1,958 | 3,398 |
Accounts payable | ||||||||||||
-1,329 | 1,764 | -3,883 | 3,709 | -3,898 | 7,448 | -8,554 | 8,004 | -7,044 | 13,387 | -1,636 | 9,031 | -16,439 |
Accrued liabilities | ||||||||||||
-8,190 | -6,135 | 10,306 | -2,914 | -777 | 3,598 | 15,549 | -22,688 | 7,546 | -20,008 | 39,272 | -38,350 | 12,538 |
Net cash provided by operating activities | ||||||||||||
4,531 | 85,869 | 121,902 | 33,154 | 26,838 | 82,641 | 115,865 | 28,103 | 22,035 | 55,357 | 88,065 | 15,055 | 6,696 |
Cash flows from investing activities: | ||||||||||||
Purchases of property, plant and equipment | ||||||||||||
28,105 | 35,989 | 26,178 | 31,848 | 33,627 | 36,366 | 29,256 | 32,722 | 33,344 | 50,253 | 29,616 | 28,164 | 32,449 |
Proceeds from sale of assets | ||||||||||||
2,375 | -342 | 1,335 | 26,665 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of investment | ||||||||||||
-1,761 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Net interest proceeds on swaps designated as net investment hedges | ||||||||||||
-1,771 | -45 | -3,957 | -588 | -3,890 | -580 | -4,279 | 0 | 0 | - | - | - | - |
Other, net | ||||||||||||
0 | 0 | 0 | -5 | -470 | -23 | -337 | -596 | -209 | -802 | 0 | -486 | -5 |
Net cash used in investing activities | ||||||||||||
-22,198 | 19,384 | -20,886 | -4,590 | -29,267 | -23,383 | -29,640 | -33,132 | -33,135 | -49,451 | -33,616 | -80,471 | -32,444 |
Cash flows from financing activities: | ||||||||||||
Draw down of revolving credit facilities | ||||||||||||
117,434 | 41,912 | 86,767 | 42,482 | 32,381 | 2,187 | 15,713 | 85,294 | 38,570 | 55,048 | 52,725 | 213,000 | 37,000 |
Repayments of revolving credit facilities | ||||||||||||
52,668 | 42,460 | 88,095 | 43,359 | 28,888 | 3,675 | 48,290 | 82,704 | 32,109 | 64,092 | 85,088 | 158,000 | 27,000 |
Issuance of long-term debt | ||||||||||||
- | - | - | - | - | 0 | 0 | 0 | 1,267,000 | 299,730 | 0 | 8,820 | 0 |
Debt issuance costs | ||||||||||||
3,023 | 0 | 0 | 0 | 0 | 239 | -239 | 0 | 6,395 | 3,461 | 1,205 | 0 | 0 |
Repayments of long-term debt | ||||||||||||
0 | 110,838 | 100,821 | 0 | 5,000 | 55,858 | 49,041 | 3,167 | 1,261,624 | 729,183 | 4,073 | 3,131 | 3,085 |
Stock repurchases | ||||||||||||
3,889 | 1,328 | 896 | 0 | 1,339 | 2,152 | 710 | 0 | 58 | - | - | - | - |
Other, net | ||||||||||||
447 | -303 | -130 | -447 | 294 | -337 | 153 | -153 | 0 | -993 | 0 | 0 | 0 |
Net cash provided by (used in) financing activities | ||||||||||||
58,301 | -112,842 | -102,850 | 2,151 | -2,552 | -59,460 | -82,419 | -730 | 5,384 | -9,345 | -37,641 | 59,904 | 6,915 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||||
-4,263 | 1,251 | -1,870 | -841 | -660 | 1,911 | 326 | -372 | -1,511 | -456 | -1,103 | -2,166 | -3,133 |
Net change in cash, cash equivalents and restricted cash | ||||||||||||
36,371 | -6,338 | -3,704 | 29,874 | -5,641 | 1,709 | 4,132 | -6,131 | -7,227 | -3,895 | 15,705 | -7,678 | -21,966 |