| Dec'19 | Dec'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 | Mar'11 | Mar'10 | Mar'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net loss | ||||||||||
-141,219 | -171,771 | -650,011 | -160,376 | -65,349 | 140,255 | 150,750 | 87,411 | 105,616 | 259,476 | 406,898 |
Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
77,045 | 51,332 | 167,291 | 182,309 | 175,204 | 167,480 | 147,299 | 138,356 | 140,576 | 130,184 | 126,231 |
Amortization of deferred drydocking and survey costs | ||||||||||
24,886 | 6,961 | - | - | - | - | - | - | - | - | - |
Amortization of debt premium and discounts | ||||||||||
-4,877 | -1,856 | - | - | - | - | - | - | - | - | - |
Provision for deferred income taxes | ||||||||||
672 | 572 | -2,200 | -6,796 | -72,389 | -34,709 | -11,733 | -23,754 | -6,849 | 569 | 12,889 |
Reversal of liabilities for uncertain tax positions | ||||||||||
- | - | - | - | - | - | - | -6,021 | - | -36,110 | - |
Gain on asset dispositions, net | ||||||||||
2,263 | 10,624 | 24,099 | 26,037 | 23,796 | 21,063 | 6,609 | 17,657 | 13,228 | 28,178 | 27,251 |
Impairment of due from affiliate | ||||||||||
- | 20,083 | - | - | - | - | - | - | - | - | - |
Goodwill impairment | ||||||||||
- | - | - | - | 283,699 | 56,283 | - | 30,932 | - | - | - |
Long-lived asset impairments | ||||||||||
37,773 | 61,132 | 484,727 | 117,311 | 14,525 | 9,341 | - | - | - | - | - |
Loss on debt extinguishment | ||||||||||
- | -8,119 | - | - | - | - | - | - | - | - | - |
Provision for Venezuelan operations, net | ||||||||||
- | - | - | - | - | - | - | - | - | 43,720 | - |
Changes in investments in, at equity, and advances to unconsolidated companies | ||||||||||
-1,039 | -28,177 | 7,613 | -28,704 | 1,916 | 15,801 | -30 | 7,033 | -1,570 | 3,336 | 10,048 |
Compensation expense - stock-based | ||||||||||
19,603 | 13,406 | 3,278 | 13,219 | 21,374 | 19,642 | 19,416 | 14,340 | 15,482 | 8,740 | 10,868 |
Excess tax liability on stock options exercised | ||||||||||
- | - | -4,927 | -1,605 | -1,784 | 299 | 278 | -1,190 | 1,190 | 72 | -555 |
Changes in assets and liabilities, net: | ||||||||||
Trade and other receivables | ||||||||||
-1,086 | -9,088 | -104,829 | -71,540 | 43,537 | -13,485 | 38,438 | 33,650 | -15,272 | 20,458 | 16,833 |
Changes in due to/from affiliate, net | ||||||||||
22,193 | 28,644 | 20,829 | 84,084 | 108,588 | -260,675 | -56,077 | 29,010 | - | - | - |
Due from affiliate | ||||||||||
- | - | - | - | - | - | - | 4,365 | - | - | - |
Marine operating supplies | ||||||||||
-2,425 | 1,955 | -2,285 | -13,672 | -6,148 | -5,715 | 8,498 | 3,102 | 4,511 | -4,490 | 2,358 |
Other current assets | ||||||||||
4,120 | -10,893 | 12,523 | -5,976 | -2,794 | 7,600 | 1,663 | -140 | 3,509 | 338 | 1,157 |
Accounts payable | ||||||||||
-4,438 | -15,174 | -17,531 | -4,881 | -22,989 | -1,395 | -5,888 | -2,423 | 3,504 | -12,657 | -289 |
Accrued costs and expenses | ||||||||||
8,189 | -13,489 | -18,687 | -53,143 | -11,435 | 34,458 | 9,098 | -680 | -7,080 | 6,119 | 13,280 |
Accrued property and liability losses | ||||||||||
- | 141 | 262 | -348 | 38 | -429 | 497 | -210 | -963 | -712 | -751 |
Other current liabilities | ||||||||||
3,008 | 1,332 | -26,658 | -15,578 | 118 | 10,373 | 4,846 | 8,700 | 12,675 | -21,889 | 2,733 |
Other liabilities and deferred credits | ||||||||||
1,270 | -2,023 | -2,657 | 231 | 4,875 | -11,842 | 822 | 7,947 | 6,219 | -3,115 | 5,369 |
Cash paid for deferred drydocking and survey costs | ||||||||||
70,437 | 25,968 | - | - | - | - | - | - | - | - | - |
Other, net | ||||||||||
3,258 | -6,921 | -3,372 | -1,868 | 19,023 | -1,398 | -10,349 | -3,290 | -622 | -1,828 | -3,753 |
Net cash used in operating activities | ||||||||||
-31,423 | 3,941 | 29,821 | 253,360 | 358,713 | 104,617 | 213,923 | 222,421 | 264,206 | 328,261 | 523,889 |
Cash flows from investing activities: | ||||||||||
Proceeds from sales of assets | ||||||||||
28,847 | 46,115 | 14,797 | 10,690 | 8,310 | 51,330 | 27,278 | 42,849 | 37,369 | 51,735 | 39,360 |
Proceeds from sale/leaseback of assets | ||||||||||
- | - | - | - | 123,950 | 270,575 | - | - | - | 101,755 | - |
Proceeds from insurance settlements on Venezuela seized vessels | ||||||||||
- | - | - | - | - | - | - | - | 8,150 | - | - |
Additions to properties and equipment | ||||||||||
17,998 | 21,391 | 25,499 | 194,485 | 364,194 | 594,695 | 440,572 | 357,110 | 615,289 | 451,973 | 473,675 |
Refunds from cancelled vessel construction contracts | ||||||||||
- | - | 25,565 | 46,119 | - | - | - | - | - | - | - |
Cash and cash equivalents from stock based merger | ||||||||||
- | 43,806 | - | - | - | - | - | - | - | - | - |
Payments for acquisition, net of cash acquired | ||||||||||
- | - | - | - | - | 127,737 | - | - | - | - | - |
Other | ||||||||||
- | - | - | -2,680 | -516 | 3,158 | 193 | 820 | 173 | -1 | -260 |
Net cash provided by investing activities | ||||||||||
10,849 | 68,530 | 14,863 | -134,996 | -231,418 | -403,685 | -413,487 | -315,081 | -569,943 | -298,482 | -434,055 |
Cash flows from financing activities: | ||||||||||
Principal payments on long-term debt | ||||||||||
133,693 | 105,169 | 10,069 | 136,843 | 97,823 | 1,103,054 | 60,000 | 40,000 | 190,000 | - | 0 |
Premium paid for redemption of secured notes | ||||||||||
11,402 | - | - | - | - | - | - | - | - | - | - |
Principal payments on capitalized lease obligations | ||||||||||
- | - | - | - | - | - | - | - | - | - | 10,059 |
Debt issuance costs | ||||||||||
- | - | - | - | - | 5,347 | 51 | 295 | 10,032 | 7,712 | 65 |
Cash payments to General Unsecured Creditors | ||||||||||
- | 8,377 | - | - | - | - | - | - | - | - | - |
Loss on debt extinguishment | ||||||||||
- | 8,119 | - | - | - | - | - | - | - | - | - |
Cash received for issuance of common stock | ||||||||||
- | 3 | - | - | - | - | - | - | - | - | - |
Taxes on share based awards | ||||||||||
4,467 | 4,400 | - | - | - | - | - | - | - | - | - |
Debt borrowings | ||||||||||
- | - | - | 656,338 | 138,488 | 1,465,362 | 110,000 | 290,000 | 590,000 | - | 0 |
Proceeds from exercise of stock options | ||||||||||
- | - | - | - | - | 6,863 | 3,818 | 5,411 | 8,695 | 1,872 | 6,588 |
Cash dividends | ||||||||||
- | - | - | 35,388 | 48,834 | 49,816 | 49,588 | 51,261 | 51,478 | 51,734 | 51,521 |
Excess tax benefit (liability) on stock options exercised | ||||||||||
- | - | - | - | - | 299 | 278 | -1,190 | 1,190 | 72 | -555 |
Cash contributions from noncontrolling interests, net | ||||||||||
- | - | - | - | - | 4,551 | - | - | - | - | - |
Repurchases of common stock | ||||||||||
- | - | - | - | 99,999 | - | 85,034 | 35,015 | 19,988 | - | 53,634 |
Other | ||||||||||
- | -2,000 | -6,649 | -2,601 | -918 | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||
-149,562 | -128,062 | -16,718 | 481,506 | -109,086 | 318,858 | -80,577 | 167,650 | 328,387 | -57,502 | -109,246 |
Net change in cash, cash equivalents and restricted cash | ||||||||||
-170,136 | -55,591 | 27,966 | 599,870 | 18,209 | 19,790 | -280,141 | 74,990 | 22,650 | -27,723 | -19,412 |
Supplemental disclosure of cash flow information: | ||||||||||
Cash paid during the period for: | ||||||||||
Interest | ||||||||||
- | - | - | - | - | - | - | 36,839 | 15,957 | 14,951 | 13,967 |
Interest, net of amounts capitalized | ||||||||||
32,687 | 32,326 | 70,687 | 50,729 | 49,390 | 34,190 | 27,443 | 22,096 | - | - | - |
Income taxes | ||||||||||
14,378 | 16,828 | 26,916 | 51,585 | 74,310 | 59,266 | 54,722 | 49,332 | 48,365 | 57,571 | 59,977 |
Supplemental disclosure of noncash investing activities: | ||||||||||
Additions to properties and equipment | ||||||||||
- | - | 5,047 | - | 2,068 | 5,751 | 12,010 | 10,850 | - | - | - |
Merger with GulfMark | ||||||||||
- | 285,492 | - | - | - | - | - | - | - | - | - |
Supplemental disclosure of noncash financing activities: | ||||||||||
Common stock issued for GulfMark merger | ||||||||||
- | 285,492 | - | - | - | - | - | - | - | - | - |