Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net income (loss) $ (7,001) $ (89,685)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 89,987 60,173
Amortization 39,148 25,429
Acquisition accounting valuation adjustments on inventory sold 871 23,518
Amortization of deferred financing costs and original issue discount 6,626 4,443
Debt extinguishment costs 253 7,182
Debt modification creditor fees capitalized 0 (1,932)
Foreign currency exchange loss 21,612 6,240
Pension and postretirement healthcare benefit expense 2,642 2,741
Pension and postretirement healthcare benefit funding (7,525) (2,258)
Deferred income tax (benefit) expense (12,447) 18,741
Net loss on asset disposals 6,419 2,288
Supplemental pension plan mark-to-market gain (708) (393)
Stock compensation 3,869 4,904
Equity in net (income) loss from affiliated companies (24,879) 9,309
Dividends received from affiliated companies 19,071 136
Working capital changes that provided (used) cash, excluding the effect of business combinations:    
Receivables (28,900) 3,483
Inventories 4,897 13,832
Prepaids and other current assets (6,000) (824)
Accounts payable (9,044) (7,332)
Accrued liabilities 13,460 10,125
Other, net (2,535) (812)
Net cash provided by operating activities 109,816 89,308
Cash flows from investing activities:    
Purchases of property, plant and equipment (90,229) (69,798)
Investment in affiliated companies (9,000) 0
Change in restricted cash, net 12,135 (6,199)
Loan receivable under the New Markets Tax Credit Arrangement (6,221) (7,823)
Business combinations, net of cash acquired (41,572) (1,777,740)
Other, net 391 0
Net cash used in investing activities (134,496) (1,861,560)
Cash flows from financing activities:    
Draw down of revolver 302,725 118,000
Repayments of revolver (270,088) (125,000)
Issuance of long-term debt under the New Market Tax Credit arrangement 8,820 11,000
Issuance of long-term debt, net of original issue discount and financing fees 0 1,172,980
Issuance of long-term notes, net of original issue discount and financing fees 0 1,123,777
Debt issuance costs (1,205) (5,397)
Repayments of long-term debt (10,289) (475,998)
Interest hedge premium 0 (1,551)
Equity contribution 0 6,600
Stock repurchase 0 (2,540)
Distributions to noncontrolling interests (785) (476)
Net cash provided by financing activities 29,178 1,821,395
Effect of exchange rate changes on cash and cash equivalents (6,402) (2,375)
Net change in cash and cash equivalents (1,904) 46,768
Cash and cash equivalents at beginning of period 70,742 25,155
Cash and cash equivalents at end of period 68,838 71,923
Supplemental cash flow information:    
Cash paid for taxes 21,005 10,740
Cash paid for interest 118,793 56,932
Non-cash investing activity:    
Capital expenditures acquired on account but unpaid as of the period end 12,924 14,875
Non-cash financing activity:    
Equity consideration for the Business Combination 0 910,800
Debt assumed in the Business Combination $ 16,609 $ 22,911