XML 58 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 74,519 $ 9,325
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation 21,643 21,786
Amortization 859 785
Provisions for losses on advances and guaranteed loans to suppliers 4,015 6,421
Foreign currency remeasurement loss (gain), net (10,395) 1,921
Gain on fire loss insurance settlement 0 (9,592)
Restructuring costs 3,687 [1] 9,821 [1]
Charge for European Commission fine in Italy 0 [1] 49,091 [1]
Other, net 11,547 20,061
Changes in operating assets and liabilities, net (160,643) (231,659)
Net cash used by operating activities (54,768) (122,040)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (19,503) (18,474)
Proceeds from sale of property, plant and equipment 2,232 7,905
Proceeds from fire loss insurance settlement 0 9,933
Net cash used by investing activities (17,271) (636)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance (repayment) of short-term debt, net (29,753) 144,148
Repayment of long-term obligations (12,500) (95,000)
Dividends paid to noncontrolling interests (1,837) 0
Issuance of common stock 493 134
Repurchase of common stock 0 (4,004)
Dividends paid on convertible perpetual preferred stock (7,425) (7,425)
Dividends paid on common stock (22,846) (22,343)
Proceeds from termination of interest rate swap agreements 0 13,388
Net cash provided (used) by financing activities (73,868) 28,898
Effect of exchange rate changes on cash (102) (1,724)
Net decrease in cash and cash equivalents (146,009) (95,502)
Cash and cash equivalents at beginning of year 261,699 141,007
Cash and cash equivalents at end of period $ 115,690 $ 45,505
[1] Item is not included in segment operating income, but is included in consolidated operating income.