v3.25.4
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
OPERATING ACTIVITIES:    
Net income $ 147,654 $ 28,441
Adjustments to reconcile net income to net cash provided by operating activities:    
(Income) loss from discontinued operations, net of tax (39,383) 20,395
Depreciation and amortization, including amortization of debt issuance costs 202,455 199,441
Gain on early extinguishment or revaluation of liabilities, net (492) (2,960)
Loss on disposal or impairment of assets, net 3,542 784
Change in provision for expected credit losses 34 1,867
Net adjustments to fair value of derivatives (16,762) 6,167
Equity in earnings of unconsolidated entities (201) (3,198)
Distributions of earnings from unconsolidated entities 108 3,427
Lower of cost or net realizable value adjustments 0 12
Other 1,407 (902)
Changes in operating assets and liabilities:    
Accounts receivable and affiliates (24,267) 14,912
Inventories (11,036) (24,204)
Other current and noncurrent assets 23,225 (4,308)
Accounts payable and affiliates (10,734) (52,074)
Other current and noncurrent liabilities (35,075) (65,302)
Net cash provided by operating activities-continuing operations 240,475 122,498
Net cash provided by operating activities-discontinued operations 15,459 19,953
Net cash provided by operating activities 255,934 142,451
INVESTING ACTIVITIES:    
Capital expenditures (189,636) (207,965)
Net settlements of derivatives 8,353 (4,837)
Proceeds from sales of assets 72,586 20,048
Proceeds from divestitures of businesses and investments, net 88,639 68,500
Investments in unconsolidated entities 0 (106)
Distributions of capital from unconsolidated entities 0 870
Net cash used in investing activities-continuing operations (20,058) (123,490)
Net cash provided by investing activities-discontinued operations 67,709 6,412
Net cash provided by (used in) investing activities 47,651 (117,078)
FINANCING ACTIVITIES:    
Proceeds from borrowings under ABL Facility 667,000 1,801,000
Payments on ABL Facility (684,000) (1,575,000)
Payments on Term Loan B (5,250) (5,250)
Repayment and repurchase of senior secured notes (17,274) 0
Proceeds from borrowings on other long-term debt 0 12,720
Payments on other long-term debt (1,337) (636)
Debt issuance costs (1,362) (5,104)
Contributions from noncontrolling interest owners 765 1,966
Distributions to preferred unitholders (83,924) (276,356)
Distributions to noncontrolling interest owners (4,943) (2,928)
Warrant repurchases 0 (6,929)
Class D preferred unit repurchases (127,150) 0
Common unit repurchases and cancellations (44,814) (2,126)
Payments to settle contingent consideration liabilities (126) (676)
Net settlements of derivatives 601 734
Principal payments of finance leases (944) (14)
Net cash used in financing activities (302,758) (58,599)
Net increase (decrease) in cash and cash equivalents 827 (33,226)
Cash and cash equivalents, beginning of period 5,649 38,909
Cash and cash equivalents, end of period 6,476 5,683
Supplemental cash flow information:    
Cash interest paid 184,926 234,694
Income taxes paid (net of income tax refunds) 2,731 6,032
Supplemental non-cash investing and financing activities:    
Distributions declared but not paid to preferred unitholders 24,912 28,935
Accrued capital expenditures $ 18,155 $ 5,370