XML 1065 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Operating activities:      
Net (loss) earnings $ (65,349)us-gaap_ProfitLoss $ 140,255us-gaap_ProfitLoss $ 150,750us-gaap_ProfitLoss
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:      
Depreciation and amortization 175,204us-gaap_DepreciationAndAmortization 167,480us-gaap_DepreciationAndAmortization 147,299us-gaap_DepreciationAndAmortization
Benefit for deferred income taxes (72,389)us-gaap_DeferredIncomeTaxExpenseBenefit (34,709)us-gaap_DeferredIncomeTaxExpenseBenefit (11,733)us-gaap_DeferredIncomeTaxExpenseBenefit
Gain on asset dispositions, net (9,271)us-gaap_GainLossOnDispositionOfAssets (11,722)us-gaap_GainLossOnDispositionOfAssets (6,609)us-gaap_GainLossOnDispositionOfAssets
Goodwill impairment 283,699us-gaap_GoodwillImpairmentLoss [1] 56,283us-gaap_GoodwillImpairmentLoss  
Equity in earnings of unconsolidated companies, net of dividends (1,916)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions (15,801)us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions 30us-gaap_IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
Compensation expense - stock based 21,374us-gaap_ShareBasedCompensation 19,642us-gaap_ShareBasedCompensation 19,416us-gaap_ShareBasedCompensation
Excess tax (benefit) liability on stock options exercised 1,784us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (299)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (278)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Changes in assets and liabilities, net:      
Trade and other receivables (43,537)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables 13,485us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables (38,438)us-gaap_IncreaseDecreaseInAccountsAndOtherReceivables
Changes in due to/from affiliate, net 108,588us-gaap_IncreaseDecreaseInDueToAffiliates (260,675)us-gaap_IncreaseDecreaseInDueToAffiliates (56,077)us-gaap_IncreaseDecreaseInDueToAffiliates
Marine operating supplies 6,148us-gaap_IncreaseDecreaseInInventories 5,715us-gaap_IncreaseDecreaseInInventories (8,498)us-gaap_IncreaseDecreaseInInventories
Other current assets 2,794us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (7,600)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (1,663)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable (22,989)us-gaap_IncreaseDecreaseInAccountsPayableTrade (1,395)us-gaap_IncreaseDecreaseInAccountsPayableTrade (5,888)us-gaap_IncreaseDecreaseInAccountsPayableTrade
Accrued expenses (11,435)us-gaap_IncreaseDecreaseInAccruedLiabilities 34,458us-gaap_IncreaseDecreaseInAccruedLiabilities 9,098us-gaap_IncreaseDecreaseInAccruedLiabilities
Accrued property and liability losses 38us-gaap_IncreaseDecreaseInOtherAccruedLiabilities (429)us-gaap_IncreaseDecreaseInOtherAccruedLiabilities 497us-gaap_IncreaseDecreaseInOtherAccruedLiabilities
Other current liabilities 118us-gaap_IncreaseDecreaseInOtherCurrentLiabilities 10,373us-gaap_IncreaseDecreaseInOtherCurrentLiabilities 4,846us-gaap_IncreaseDecreaseInOtherCurrentLiabilities
Other liabilities and deferred credits 4,875us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (11,842)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 822us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Other, net (19,023)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 1,398us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 10,349us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash provided by operating activities 358,713us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 104,617us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 213,923us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:      
Proceeds from sales of assets 8,310us-gaap_ProceedsFromSaleOfProductiveAssets 51,330us-gaap_ProceedsFromSaleOfProductiveAssets 27,278us-gaap_ProceedsFromSaleOfProductiveAssets
Proceeds from sale/leaseback of assets 123,950us-gaap_SaleLeasebackTransactionNetProceedsInvestingActivities 270,575us-gaap_SaleLeasebackTransactionNetProceedsInvestingActivities  
Additions to properties and equipment (364,194)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (594,695)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (440,572)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Payments for acquisition, net of cash acquired   (127,737)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired  
Other 516us-gaap_PaymentsForProceedsFromOtherInvestingActivities (3,158)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (193)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (231,418)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (403,685)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (413,487)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:      
Debt issuance costs (556)us-gaap_PaymentsOfDebtIssuanceCosts (5,347)us-gaap_PaymentsOfDebtIssuanceCosts (51)us-gaap_PaymentsOfDebtIssuanceCosts
Principal payments on long-term debt (97,823)us-gaap_RepaymentsOfLongTermDebt (1,103,054)us-gaap_RepaymentsOfLongTermDebt (60,000)us-gaap_RepaymentsOfLongTermDebt
Debt borrowings 138,488us-gaap_ProceedsFromRepaymentsOfLinesOfCredit 1,465,362us-gaap_ProceedsFromRepaymentsOfLinesOfCredit 110,000us-gaap_ProceedsFromRepaymentsOfLinesOfCredit
Proceeds from exercise of stock options 1,023us-gaap_ProceedsFromStockOptionsExercised 6,863us-gaap_ProceedsFromStockOptionsExercised 3,818us-gaap_ProceedsFromStockOptionsExercised
Cash dividends (48,834)us-gaap_PaymentsOfDividends (49,816)us-gaap_PaymentsOfDividends (49,588)us-gaap_PaymentsOfDividends
Excess tax benefit (liability) on stock options exercised (1,784)us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 299us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 278us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Cash contributions from noncontrolling interests, net 399us-gaap_ProceedsFromMinorityShareholders 4,551us-gaap_ProceedsFromMinorityShareholders  
Repurchases of common stock (99,999)us-gaap_PaymentsForRepurchaseOfCommonStock   (85,034)us-gaap_PaymentsForRepurchaseOfCommonStock
Net cash (used in) provided by financing activities (109,086)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 318,858us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (80,577)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net change in cash and cash equivalents 18,209us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 19,790us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (280,141)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of year 60,359us-gaap_CashAndCashEquivalentsAtCarryingValue 40,569us-gaap_CashAndCashEquivalentsAtCarryingValue 320,710us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of year 78,568us-gaap_CashAndCashEquivalentsAtCarryingValue 60,359us-gaap_CashAndCashEquivalentsAtCarryingValue 40,569us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the year for:      
Interest, net of amounts capitalized 49,390us-gaap_InterestPaidNet 34,190us-gaap_InterestPaidNet 27,443us-gaap_InterestPaidNet
Income taxes 74,310us-gaap_IncomeTaxesPaid 59,266us-gaap_IncomeTaxesPaid 54,722us-gaap_IncomeTaxesPaid
Supplemental disclosure of noncash investing activities:      
Additions to properties and equipment $ 2,068us-gaap_FairValueOfAssetsAcquired $ 5,751us-gaap_FairValueOfAssetsAcquired $ 12,010us-gaap_FairValueOfAssetsAcquired
[1] The total carrying amount of goodwill at December 31, 2014 is net of accumulated impairment charges of $370.9 million.