XML 65 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2012
Operating activities:      
Net earnings $ 140,255 $ 150,750 $ 87,411
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 167,480 147,299 138,356
Benefit for deferred income taxes (34,709) (11,733) (23,754)
Reversal of liabilities for uncertain tax positions     (6,021)
Gain on asset dispositions, net (11,722) (6,609) (17,657)
Goodwill impairment 56,283   30,932
Equity in earnings of unconsolidated companies, net of dividends (15,801) 30 (7,033)
Compensation expense - stock based 19,642 19,416 14,340
Excess tax (benefit) liability on stock options exercised (299) (278) 1,190
Changes in assets and liabilities, net:      
Trade and other receivables 13,485 (38,438) (33,650)
Due from affiliate (310,524) (44,012) (4,365)
Marine operating supplies 5,715 (8,498) (3,102)
Other current assets (7,600) (1,663) 140
Accounts payable (1,395) (5,888) (2,423)
Accrued expenses 34,458 9,098 (680)
Due to affiliate 49,849 (12,065) 29,010
Accrued property and liability losses (429) 497 (210)
Other current liabilities 10,373 4,846 8,700
Other liabilities and deferred credits (11,842) 822 7,947
Other, net 1,398 10,349 3,290
Net cash provided by operating activities 104,617 213,923 222,421
Cash flows from investing activities:      
Proceeds from sales of assets 51,330 27,278 42,849
Proceeds from sale/leaseback of assets 270,575    
Additions to properties and equipment (594,695) (440,572) (357,110)
Payments for acquisition, net of cash acquired (127,737)    
Other (3,158) (193) (820)
Net cash used in investing activities (403,685) (413,487) (315,081)
Cash flows from financing activities:      
Debt issuance costs (5,347) (51) (295)
Principal payments on long-term debt (1,103,054) (60,000) (40,000)
Debt borrowings 1,465,362 110,000 290,000
Proceeds from exercise of stock options 6,863 3,818 5,411
Cash dividends (49,816) (49,588) (51,261)
Excess tax benefit (liability) on stock options exercised 299 278 (1,190)
Cash contributions from noncontrolling interests 4,551    
Stock repurchases   (85,034) (35,015)
Net cash (used in) provided by financing activities 318,858 (80,577) 167,650
Net change in cash and cash equivalents 19,790 (280,141) 74,990
Cash and cash equivalents at beginning of year 40,569 320,710 245,720
Cash and cash equivalents at end of year 60,359 40,569 320,710
Cash paid during the year for:      
Interest 45,687 38,045 36,839
Interest, net of amounts capitalized 34,190 27,443 22,096
Income taxes 59,266 54,722 49,332
Supplemental disclosure of noncash investing activities:      
Additions to properties and equipment $ 5,751 $ 12,010 $ 10,850