Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ 13,585 $ (6,920) $ (15,713)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization expense 59,817 85,586 87,236
Loss on impairment 5,187 0 24,835
Losses (gains) on disposal of assets 480 (1,112) (1,347)
Equity (earnings) losses from unconsolidated affiliates, net. (1,461) (6,828) 1,738
Loss on extinguishment of debt 0 0 124
Loss on sale of subsidiaries 0 0 2,002
Deferred income taxes (5,322) 669 (1,744)
Bad debt expense 0 0 309
Share-based compensation expense 9,921 16,459 11,686
Amortization of deferred financing fees 1,172 2,847 1,323
Discount amortization on long-term debt 4,972 473 7,710
Increase (decrease) in cash resulting from changes in:      
Accounts receivable (15,348) (27,024) 10,584
Inventory, prepaid expenses and other assets (61,604) (39,848) 15,916
Accounts payable, accrued expenses and other liabilities (24,703) 7,735 (20,805)
Net cash provided by (used in) operating activities (13,304) 32,037 123,854
Cash flows from investing activities:      
Capital expenditures (49,574) (81,507) (31,068)
Proceeds from asset dispositions 18,032 34,188 14,549
Cash transferred in sale of subsidiaries, net of cash received 0 0 (851)
Acquisition, net of cash received (12,600) 0 0
Net cash used in investing activities (44,142) (47,319) (17,370)
Cash flows from financing activities:      
Proceeds from borrowings 0 169,508 0
Debt issuance costs (822) (2,714) (3,112)
Repayment of debt (8,560) (142,046) (19,213)
Purchase of treasury shares (11,350) (2,713) (41,158)
Net cash provided by (used in) financing activities (20,732) 22,035 (63,483)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (24,153) 13,226 (8,066)
Net increase (decrease) in cash, cash equivalents and restricted cash (102,331) 19,979 34,935
Cash, cash equivalents and restricted cash at beginning of period 266,014 163,683 231,079
Cash, cash equivalents and restricted cash at end of period 163,683 183,662 266,014
Cash paid during the period for:      
Interest 17,586 39,475 32,030
Income taxes $ 16,841 $ 19,279 $ 11,953