| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 |
|---|---|---|---|---|---|---|
Operating Activities | ||||||
Net income (loss) | ||||||
-648,443 | -60,232 | -274,454 | 147,037 | 79,528 | 133,257 | 64,692 |
Adjustments to net income (loss) to arrive at cash provided by operating activities: | ||||||
Depreciation | ||||||
53,129 | 55,090 | 54,157 | 38,953 | 35,405 | 24,891 | 17,298 |
Amortization of Intangible Assets | ||||||
24,374 | 34,669 | 39,622 | 33,661 | 31,146 | 20,011 | 7,830 |
Impairment of held-for-sale assets | ||||||
84,555 | 0 | 0 | - | - | - | - |
Impairment of held-for-sale goodwill | ||||||
80,604 | 0 | 0 | - | - | - | - |
Intangibles impairment | ||||||
456,023 | 152,444 | 449,199 | 0 | 52,220 | 0 | 0 |
Amortization of deferred financing costs | ||||||
10,573 | 3,026 | 4,125 | 2,501 | 2,447 | 897 | 0 |
Deferred income taxes | ||||||
-22,718 | -78,989 | -22,470 | -457 | -947 | 8,746 | -483 |
(Gain) loss on disposal of property, plant, and equipment | ||||||
-14,081 | -129 | -239 | -323 | 136 | -7,668 | 71 |
Loss on divestitures | ||||||
-4,925 | 0 | 0 | - | - | - | - |
Share-based compensation | ||||||
6,599 | 9,299 | 12,648 | 12,279 | 3,012 | 0 | 0 |
Excess tax benefits from share-based plans | ||||||
- | - | - | - | 120 | 0 | 0 |
Changes in assets and liabilities: | ||||||
Net receivables | ||||||
-30,998 | -5,733 | -63,101 | 33,596 | 72,321 | 357 | 3,496 |
Net inventories | ||||||
7,102 | -155,526 | 85,680 | 31,065 | -40,991 | -8,970 | 44,045 |
Accounts payable | ||||||
540 | -1,633 | -54,055 | 3,398 | -37,837 | -32,277 | 11,073 |
Accrued compensation | ||||||
2,563 | 6,822 | -17,928 | 9,035 | -9,047 | 1,016 | 10,203 |
Accrued income taxes | ||||||
4,907 | 24,915 | -26,689 | -1,804 | 17,246 | -1,182 | 0 |
Federal excise, use, and other taxes | ||||||
407 | -7,440 | 2,437 | 4,535 | 6,935 | 9,042 | 6,038 |
Pension and other postretirement benefits | ||||||
-2,657 | -22,850 | 1,006 | 5,076 | 248 | 0 | 0 |
Other assets and liabilities | ||||||
-4,117 | 24,154 | -13,143 | -9,155 | -5,568 | 8,372 | -6,324 |
Cash (used for) provided by operating activities | ||||||
97,475 | 252,355 | 158,401 | 199,031 | 154,338 | 172,310 | 75,363 |
Investing Activities: | ||||||
Capital expenditures | ||||||
42,242 | 66,627 | 90,665 | 41,526 | 43,189 | 40,234 | 23,395 |
Proceeds from Divestiture of Businesses | ||||||
154,595 | 0 | 0 | - | - | - | - |
Acquisition of business net of cash acquired | ||||||
0 | 0 | 458,149 | 462,050 | 0 | 1,301,687 | 0 |
Proceeds from the disposition of property, plant, and equipment | ||||||
365 | 128 | 135 | 372 | 320 | 174 | 0 |
Cash used for investing activities | ||||||
112,718 | -66,499 | -548,679 | -503,204 | -42,869 | -1,341,747 | -23,395 |
Financing Activities: | ||||||
Borrowings on lines of credit | ||||||
545,000 | 250,000 | 555,000 | 360,000 | 0 | 200,000 | 0 |
Payments on lines of credit | ||||||
325,000 | 425,000 | 380,000 | 360,000 | 0 | 200,000 | 0 |
Proceeds from Issuance of Long-term Debt | ||||||
149,343 | 0 | 307,500 | 350,000 | 350,000 | 0 | 0 |
Payments made on long-term debt | ||||||
580,834 | 32,000 | 32,000 | 17,500 | 0 | 0 | 0 |
Dividend paid to former parent | ||||||
- | - | - | - | 214,000 | - | 0 |
Dividend paid to parent | ||||||
- | - | - | - | - | 0 | - |
Payments made on long-term debt to former parent | ||||||
- | - | - | - | 20,087 | 6,362 | - |
Proceeds from issuance of long-term debt to parent | ||||||
- | - | - | - | 50,000 | 1,021,273 | 0 |
Payments made to extinguish debt | ||||||
- | - | - | - | 50,000 | 0 | 0 |
Payments made for debt issuance costs and prepayment premiums | ||||||
10,376 | 1,879 | 3,660 | 4,379 | 10,991 | 12,273 | 0 |
Net transfers from former parent | ||||||
- | - | - | - | 16,181 | 206,678 | -52,417 |
Payment from former parent | ||||||
13,047 | 0 | 0 | 6,500 | 0 | 0 | - |
Purchase of treasury shares | ||||||
0 | 0 | 151,850 | 143,194 | 5,097 | 0 | 0 |
Shares withheld for payroll taxes | ||||||
-1,318 | -3,147 | -3,713 | -1,029 | 120 | 0 | 0 |
Deferred payments for acquisitions | ||||||
1,348 | 1,348 | 7,136 | 0 | 0 | - | - |
Proceeds from employee stock compensation plans | ||||||
376 | 4,824 | 75 | 1,173 | 0 | 0 | - |
Cash provided by (used for) financing activities | ||||||
-211,110 | -208,550 | 284,216 | 191,571 | 116,126 | 1,209,316 | -52,417 |
Effect of foreign exchange rate fluctuations on cash | ||||||
-18 | 489 | -555 | 343 | -3,648 | 58 | 0 |
Increase in cash and cash equivalents | ||||||
-935 | -22,205 | -106,617 | -112,259 | 223,947 | 39,937 | -449 |
Supplemental Cash Flow Disclosures: | ||||||
Non-cash investing activity: | ||||||
Capital expenditures included in accounts payable | ||||||
7,430 | 5,706 | 8,247 | 9,708 | 5,252 | 8,327 | 789 |
Treasury shares purchased included in other accrued liabilities | ||||||
- | - | - | 779 | 1,773 | 0 | 0 |