| Mar'19 | Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 |
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities | ||||||
Net (loss) income | ||||||
81,466 | 64,792 | 35,908 | 30,567 | -3,696 | 7,974 | 23,180 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
71,900 | 75,003 | 72,355 | 71,009 | 65,472 | 63,674 | 63,102 |
Deferred income taxes | ||||||
12,813 | -11,239 | -8,971 | 10,686 | -18,762 | -7,644 | -7,152 |
Loss on disposal of assets and costs from exit and disposal activities | ||||||
-3,647 | -12,655 | -7,316 | -812 | -362 | 2,863 | 951 |
ESOP and stock-based compensation | ||||||
21,828 | 18,845 | 17,875 | 4,382 | 37,402 | 37,432 | 9,363 |
Amortization of deferred financing charges | ||||||
735 | 934 | 1,408 | 1,412 | 1,410 | 1,591 | 2,008 |
Fair market value adjustments to derivatives | ||||||
-2,346 | 3,244 | 10,921 | -2,163 | -7,746 | 53 | 4 |
Loss on purchase of non-controlling interest | ||||||
- | - | - | 490 | - | - | - |
Equity in net (income) loss of unconsolidated affiliates | ||||||
-95 | -739 | -4,308 | -5,234 | -2,335 | -3,086 | - |
Gain on bargain purchase of PTI acquisition | ||||||
- | - | 609 | - | - | - | - |
Other operating activities | ||||||
5,219 | -1,010 | 5,871 | -7,243 | 1,062 | -5,611 | 876 |
Changes in working capital: | ||||||
Receivables | ||||||
17,953 | 4,327 | -15,055 | 37,788 | - | - | - |
Inventories | ||||||
2,034 | 4,841 | 27,917 | -28,330 | - | - | - |
Prepaid expenses and other current assets | ||||||
1,004 | -1,648 | 2,548 | -646 | - | - | - |
Accounts payable, accrued expenses, and other liabilities | ||||||
-16,942 | -14,855 | 6,851 | 10,156 | - | - | - |
Changes in working capital (see Note 22) | ||||||
- | - | - | - | 16,828 | 36,398 | 13,317 |
Net cash provided by operating activities | ||||||
151,678 | 137,120 | 104,239 | 135,342 | 74,379 | 72,410 | 75,353 |
Cash Flows from Investing Activities | ||||||
Capital expenditures | ||||||
43,412 | 41,709 | 46,676 | 44,942 | 32,080 | 40,933 | 38,756 |
Proceeds from disposition of assets or businesses | ||||||
- | - | - | - | 538 | 9,302 | 1,044 |
Acquisition of Infiltrator Water Technologies, net of cash acquired | ||||||
- | 1,990 | 8,573 | 3,188 | 36,385 | - | 4,839 |
Purchase of property, plant and equipment through financing | ||||||
- | - | 4,620 | - | - | - | - |
Investment in unconsolidated affiliates | ||||||
- | - | - | - | 7,566 | 6,375 | 200 |
Additions of capitalized software | ||||||
- | - | - | - | - | - | 1,079 |
Proceeds from note receivable to related party | ||||||
- | - | - | 3,854 | - | - | - |
Issuance of note receivable to related party | ||||||
- | - | - | 3,854 | - | - | - |
Proceeds from sale of corporate-owned life insurance | ||||||
- | 13,644 | - | - | - | - | - |
Other investing activities | ||||||
-868 | 390 | 1,390 | 888 | 600 | 706 | 966 |
Net cash used in investing activities | ||||||
-42,544 | -30,445 | -61,259 | -49,018 | -76,093 | -38,712 | -44,796 |
Cash Flows from Financing Activities | ||||||
Proceeds from Term Loan Facility | ||||||
- | - | - | - | - | 100,000 | - |
Payments on Term Loan Facility | ||||||
- | 72,500 | 10,000 | 8,750 | 6,250 | 80,000 | 10,000 |
Proceeds from Senior Notes | ||||||
- | 75,000 | - | - | - | 25,000 | - |
Proceeds from Credit Agreement | ||||||
405,700 | 487,850 | 412,400 | 409,100 | 389,200 | 490,703 | 331,200 |
Payments on Credit Agreement | ||||||
442,800 | 512,150 | 382,600 | 448,200 | 432,200 | 429,660 | 340,000 |
Payments on loans against corporate-owned life insurance | ||||||
- | - | 6,823 | - | - | - | - |
Payments on loans against CSV life insurance policies | ||||||
- | - | - | - | 872 | - | -7,693 |
Equipment financing loans | ||||||
-909 | - | 4,620 | - | - | - | - |
Payments for deferred initial public offering costs | ||||||
- | - | - | - | 6,479 | - | - |
Debt issuance costs | ||||||
- | 2,268 | - | - | - | 2,311 | - |
Payments on Prudential Senior Notes | ||||||
25,000 | 25,000 | 25,000 | - | - | - | - |
Proceeds from notes, mortgages, and other debt | ||||||
- | - | 1,000 | 6,378 | - | - | - |
Payments of notes, mortgages and other debt | ||||||
940 | 1,905 | 870 | 7,208 | 4,903 | 1,942 | -1,882 |
Payments on finance lease obligations | ||||||
24,284 | 24,214 | 21,760 | 19,780 | 9,278 | 12,240 | 9,342 |
Acquisition of noncontrolling interest in BaySaver | ||||||
8,821 | - | - | - | - | - | - |
Proceeds from initial public offering of common stock, net of underwriter discounts and commissions | ||||||
- | - | - | - | 79,131 | - | - |
Cash dividends paid | ||||||
26,148 | 18,478 | 16,820 | 16,240 | 7,869 | 115,058 | 6,155 |
Proceeds from exercise of stock options | ||||||
5,908 | 9,087 | 4,011 | 1,765 | 1,986 | - | - |
Redemption of Redeemable convertible preferred stock | ||||||
- | - | - | - | - | 4,428 | 3,031 |
Repurchase of common stock | ||||||
- | 7,947 | - | - | 3 | 1,063 | 249 |
Other financing activities | ||||||
-361 | -2,428 | -983 | -29 | -672 | -110 | 428 |
Net cash provided by (used in) financing activities | ||||||
-117,655 | -94,953 | -42,825 | -82,964 | 1,791 | -31,109 | -31,338 |
Effect of exchange rate changes on cash | ||||||
-175 | -585 | -260 | -428 | -385 | -19 | 60 |
Net change in cash | ||||||
-8,696 | 11,137 | -105 | 2,932 | -308 | 2,570 | -721 |