XML 65 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net earnings (loss) $ (15,164) $ 43,699
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 45,657 43,111
Provision for deferred income taxes 64 2,432
(Gain) loss on asset dispositions, net 7,607 (2,943)
Equity in earnings (losses) of unconsolidated companies, less dividends 3,143 (3,998)
Compensation expense - stock-based 3,219 5,341
Changes in assets and liabilities, net:    
Trade and other receivables 40,280 (39,044)
Changes in due to/from affiliate, net 41,302 31,552
Marine operating supplies 5,250 (5,822)
Other current assets (10,578) (12,534)
Accounts payable 4,227 (5,360)
Accrued expenses (28,772) (25,590)
Accrued property and liability losses (209) (367)
Other current liabilities (6,811) (616)
Other liabilities and deferred credits 708 817
Other, net 2,774 267
Net cash provided by operating activities 92,697 30,945
Cash flows from investing activities:    
Proceeds from sales of assets 5,866 3,754
Proceeds from sale/leaseback of assets   13,400
Additions to properties and equipment (92,598) (39,874)
Refunds from cancelled vessel construction contracts 24,190  
Other (690) 3
Net cash used in investing activities (63,232) (22,717)
Cash flows from financing activities:    
Debt issuance costs (936)  
Principal payments on long-term debt (23,662) (3,959)
Debt borrowings 31,338  
Proceeds from exercise of stock options   994
Cash dividends (11,789) (12,520)
Other   349
Net cash used in financing activities (5,049) (15,136)
Net change in cash and cash equivalents 24,416 (6,908)
Cash and cash equivalents at beginning of period 78,568 60,359
Cash and cash equivalents at end of period 102,984 53,451
Cash paid during the period for:    
Interest, net of amounts capitalized 22,430 24,385
Income taxes 17,441 11,170
Supplemental disclosure of non-cash investing activities:    
Additions to properties and equipment $ 421 $ 5,236