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
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net (loss) income $ (92,518) $ 509
Net loss (income) from discontinued operations 89,770 (3,856)
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 16,526 15,777
Amortization 2,974 2,898
Amortization of deferred financing costs and original issue discount 532 724
Foreign currency exchange loss 5,101 7,070
Pension and postretirement healthcare (benefit) expense (595) 131
Pension and postretirement healthcare funding 0 (891)
Deferred income tax benefit (4,344) (699)
Net loss on asset disposals 778 163
Stock compensation 6,305 4,294
Equity in net income from affiliated companies (5,210) (8,295)
Dividends received from affiliated companies 5,000 0
Other, net (3,395) (267)
Working capital changes that provided (used) cash, excluding the effect of acquisitions and dispositions:    
Receivables (9,404) (1,219)
Inventories 4,564 3,495
Prepaids and other current assets (2,232) (291)
Accounts payable 4,652 (3,111)
Accrued liabilities (1,958) (5,352)
Net cash provided by operating activities, continuing operations 16,546 11,080
Net cash provided by (used in) operating activities, discontinued operations 877 (6,549)
Net cash provided by operating activities 17,423 4,531
Cash flows from investing activities:    
Purchases of property, plant and equipment (12,563) (10,005)
Business combinations, net of cash acquired (41,994) 0
Proceeds from sale of assets 0 2,375
Net cash used in investing activities, continuing operations (54,557) (7,630)
Net cash used in investing activities, discontinued operations (22,012) (14,568)
Net cash used in investing activities (76,569) (22,198)
Cash flows from financing activities:    
Draw down of revolving credit facilities 0 104,029
Repayments of revolving credit facilities 0 (44,983)
Debt issuance costs 0 (3,023)
Stock repurchases (1,470) (3,889)
Other, net 12 447
Net cash (used in) provided by financing activities, continuing operations (1,458) 52,581
Net cash (used in) provided by financing activities, discontinued operations (520) 5,720
Net cash (used in) provided by financing activities (1,978) 58,301
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2,708) (4,263)
Net change in cash, cash equivalents and restricted cash (63,832) 36,371
Cash, cash equivalents and restricted cash at beginning of period 137,219 73,917
Cash, cash equivalents and restricted cash at end of period 73,387 110,288
Less: cash, cash equivalents, and restricted cash of discontinued operations (16,625) (53,356)
Cash, cash equivalents and restricted cash at end of period of continuing operations $ 56,762 $ 56,932