| Mar'20 | Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 |
|---|---|---|---|---|---|---|---|---|---|---|
Operating activities | ||||||||||
Net income | ||||||||||
- | - | - | - | - | - | - | - | 29,900 | -51,300 | 88,100 |
Net income | ||||||||||
180,400 | 34,300 | 76,000 | 74,100 | 67,500 | 83,800 | 29,600 | 50,100 | 29,900 | - | - |
Adjustments to reconcile net income to cash provided by operating activities: | ||||||||||
Depreciation | ||||||||||
51,200 | 58,000 | 56,100 | 63,300 | 58,000 | 57,100 | 56,100 | 59,800 | 63,100 | 57,300 | 59,600 |
Amortization of intangible assets | ||||||||||
35,400 | 34,300 | 33,600 | 42,100 | 57,400 | 55,100 | 50,800 | 51,100 | 50,900 | 48,600 | 49,700 |
Amortization of deferred financing costs | ||||||||||
2,100 | 1,500 | 1,900 | 2,400 | 2,000 | 2,100 | 2,600 | 3,900 | 7,800 | 7,900 | 11,400 |
Non-cash discontinued operations asset impairment | ||||||||||
0 | 126,000 | 111,200 | 0 | 0 | - | - | - | - | - | - |
Non-cash loss on sale of discontinued operations | ||||||||||
0 | 22,500 | 0 | 0 | 1,500 | 9,700 | 0 | 0 | 4,500 | 0 | - |
Non-cash asset impairment | ||||||||||
0 | 300 | 800 | 1,500 | 17,500 | 0 | 0 | - | - | - | - |
(Gain) loss on dispositions of property, plant and equipment | ||||||||||
700 | -500 | -900 | -200 | -600 | -3,000 | -2,300 | 3,600 | -1,200 | -1,700 | -2,500 |
Deferred income taxes | ||||||||||
2,800 | 27,500 | 77,500 | 18,400 | 13,900 | 36,900 | 27,600 | 20,900 | 22,200 | 22,700 | 33,300 |
Actuarial loss (gain) on pension and postretirement benefit obligations | ||||||||||
-36,600 | 400 | 3,300 | 2,600 | -12,900 | -59,400 | 2,700 | 5,500 | 4,600 | 0 | - |
Equity in income of subsidiaries | ||||||||||
- | - | - | - | - | - | - | - | - | -4,100 | - |
Non-cash restructuring charges (see Note 4) | ||||||||||
- | - | - | - | - | - | - | - | - | - | 400 |
Other non-cash charges | ||||||||||
-1,600 | -6,100 | -2,300 | 1,000 | -9,600 | 9,800 | 100 | -7,300 | -14,800 | -1,400 | -9,200 |
(Gain) loss on extinguishment of debt | ||||||||||
1,000 | 4,300 | -11,900 | -7,800 | 0 | 0 | -133,200 | -24,000 | -10,700 | -100,800 | 167,800 |
Stock-based compensation expense | ||||||||||
26,900 | 22,600 | 20,500 | 13,400 | 7,500 | 6,400 | 7,000 | 7,100 | 3,700 | 5,600 | 5,500 |
Changes in operating assets and liabilities: | ||||||||||
Interest expense converted to long-term debt | ||||||||||
- | - | - | - | - | - | - | - | - | 6,600 | 8,200 |
Receivables | ||||||||||
19,900 | 29,800 | 31,000 | 5,800 | -1,500 | -6,100 | 11,300 | 20,300 | 33,800 | 28,800 | -29,800 |
Inventories | ||||||||||
-100 | 24,700 | -11,500 | -22,500 | -37,700 | 15,200 | 11,300 | 12,800 | 3,400 | 2,700 | -57,700 |
Other assets | ||||||||||
-3,200 | -4,100 | 16,600 | 9,200 | -7,500 | -100 | 6,800 | -7,500 | 10,700 | 5,100 | -4,800 |
Accounts payable | ||||||||||
-3,700 | -1,300 | 13,000 | -5,300 | -32,400 | 3,700 | 26,000 | -4,300 | 22,300 | 41,700 | -500 |
Accruals and other | ||||||||||
-10,800 | 35,900 | 17,200 | 10,100 | -15,900 | 21,300 | -62,400 | -9,900 | -4,100 | 7,600 | -35,900 |
Cash provided by operating activities | ||||||||||
298,600 | 258,100 | 228,500 | 195,100 | 219,000 | 245,900 | 190,800 | 144,500 | 139,300 | 164,500 | 155,500 |
Investing activities | ||||||||||
Expenditures for property, plant and equipment | ||||||||||
41,400 | 44,900 | 40,700 | 54,500 | 52,100 | 48,800 | 52,200 | 60,100 | 58,500 | 37,600 | 22,000 |
Acquisitions, net of cash acquired | ||||||||||
84,500 | 23,400 | 173,600 | 213,700 | - | 138,200 | 112,000 | 21,000 | 256,800 | -1,200 | 0 |
Acquisitions, cash acquired | ||||||||||
- | - | - | - | 1,100 | - | - | - | - | - | - |
Loan receivable for financing under New Market Tax Credit incentive program | ||||||||||
- | - | - | - | - | - | - | 9,700 | 17,900 | 0 | 0 |
Proceeds from dispositions of long-lived assets | ||||||||||
4,100 | 4,700 | 5,500 | 4,200 | 5,800 | 500 | 400 | 6,700 | 5,600 | 0 | 0 |
Cash dividend from equity method investment | ||||||||||
0 | 1,300 | 0 | 0 | - | - | - | - | - | - | - |
Net (payment) proceeds from divestiture of discontinued operations | ||||||||||
-1,300 | 9,000 | 0 | - | - | - | - | - | - | - | - |
Proceeds from divestiture, net of cash | ||||||||||
- | - | - | - | - | 9,200 | 0 | 2,300 | 3,400 | 900 | 0 |
Equity in earnings of unconsolidated affiliates | ||||||||||
- | - | - | - | - | - | - | - | - | - | 500 |
Proceeds from Divestiture of Businesses | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | 0 |
Proceeds from sale of unconsolidated affiliate | ||||||||||
- | - | - | - | - | - | - | - | - | 900 | 0 |
Cash used for investing activities | ||||||||||
-123,100 | -53,300 | -208,800 | -264,000 | -45,200 | -177,300 | -163,800 | -81,800 | -324,200 | -35,500 | -22,000 |
Financing activities | ||||||||||
Proceeds from borrowings of debt | ||||||||||
1,050,000 | 270,800 | 1,529,800 | 1,606,400 | 900 | 100 | 1,935,100 | 15,400 | 960,600 | 1,145,000 | 500 |
Repayments of debt | ||||||||||
835,600 | 369,000 | 1,816,200 | 1,905,300 | 19,500 | 19,800 | 1,948,400 | 313,200 | 762,000 | 1,071,100 | 116,100 |
Proceeds from borrowings of short-term debt | ||||||||||
- | - | - | - | 0 | 11,500 | 13,500 | 12,600 | 10,700 | 2,000 | 0 |
Repayments of short-term debt | ||||||||||
- | - | - | - | 5,900 | 16,100 | 165,600 | 8,200 | 105,000 | 2,800 | 2,800 |
Proceeds from financing under New Market Tax Credit incentive program | ||||||||||
- | - | - | - | - | - | - | - | - | - | 0 |
Repurchase of PIK toggle senior indebtedness | ||||||||||
- | - | - | - | - | - | - | - | - | - | 36,500 |
Payment of debt issuance costs | ||||||||||
0 | 0 | 11,000 | 11,800 | 900 | 0 | 17,100 | 2,000 | 13,200 | 14,600 | 4,900 |
Third party investment in non-controlling interest | ||||||||||
- | - | - | - | - | - | 400 | 0 | 0 | - | - |
Payment to cancel stock options | ||||||||||
- | - | - | - | - | - | - | - | - | - | 1,500 |
Repurchase of common stock | ||||||||||
100,700 | 0 | 0 | - | 40,000 | 0 | 0 | - | - | 1,000 | -200 |
Payment of common stock dividends | ||||||||||
9,800 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred acquisition payment | ||||||||||
- | - | - | 5,700 | 0 | 0 | - | - | - | - | - |
Proceeds from issuance of preferred stock, net of direct offering costs | ||||||||||
- | - | - | 389,700 | 0 | 0 | - | - | - | - | - |
Payment of preferred stock dividends | ||||||||||
17,400 | 23,200 | 23,200 | 4,400 | 0 | 0 | - | - | - | - | - |
Payment of tender premium | ||||||||||
- | - | - | - | - | - | 109,900 | 17,600 | 0 | 63,500 | - |
Proceeds from issuance of common stock, net of direct offering costs | ||||||||||
- | - | - | - | - | - | 73,800 | 458,300 | 2,100 | 0 | -400 |
Proceeds from exercise of stock options | ||||||||||
36,000 | 7,900 | 7,200 | 11,000 | 5,100 | 1,100 | 2,100 | 2,300 | 0 | -1,400 | - |
Taxes withheld and paid on employees' share-based payment awards | ||||||||||
7,600 | 3,200 | 1,200 | 0 | - | - | - | - | - | - | - |
Proceeds from financing lease obligations | ||||||||||
0 | 0 | 5,800 | 0 | 0 | - | - | - | - | - | - |
Excess tax benefit on exercise of stock options | ||||||||||
- | - | - | - | 4,000 | 5,800 | 5,800 | 18,100 | 0 | 500 | 0 |
Cash provided by (used for) financing activities | ||||||||||
114,900 | -116,700 | -308,800 | 79,900 | -56,300 | -17,400 | -210,300 | 165,700 | 93,200 | -6,900 | -161,500 |
Effect of Exchange Rate on Cash and Cash Equivalents | ||||||||||
-9,500 | -13,200 | 16,600 | -5,500 | -3,200 | -19,900 | -1,800 | -2,300 | -1,300 | 5,000 | 4,000 |
Increase (decrease) in cash and cash equivalents | ||||||||||
280,900 | 74,900 | -272,500 | 5,500 | 114,300 | 31,300 | -185,100 | 226,100 | -93,000 | 127,100 | -24,000 |