Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Cash Flows

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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities of Continuing Operations:      
Income (Loss) from Continuing Operations $ 105,346 $ (76,551) $ (51,172)
Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating activities of continuing operations:      
Depreciation and amortization 75,058 62,565 60,356
Amortization of deferred gains on sale and leaseback transactions 15,035 15,073 14,322
Debt discount and issuance cost amortization, net 12,997 15,901 19,031
Amortization of share awards 32,419 13,951 14,649
Director stock awards 83 190 242
Bad debt expense (income) (175) 2,774 842
(Gains) Losses on asset dispositions and impairments, net 11,637 (25,983) 14,609
Debt extinguishment (gains) losses, net (819) 5,184 (28,497)
Marketable security (gains) losses, net (1,782) (32,154) 3,746
Purchases of marketable securities 1,720 0 35,432
Proceeds from sale of marketable securities 674 0 84,862
Derivative gains (losses), net 19,727 (14,131) 1,921
Cash settlements on derivative transactions, net (255) 327 (307)
Foreign currency gains (losses), net 323 1,444 (4,725)
Deferred income tax benefit (51,477) (48,932) (21,103)
Equity in (earnings) losses of 50% or less owned companies, net of tax (2,952) 21,040 49,171
Dividends received from 50% or less owned companies 12,891 5,162 11,322
Other, net 0 19,106 0
Changes in operating assets and liabilities:      
(Increase) decrease in receivables (2,195) 26,273 (31,703)
Increase in prepaid expenses and other assets 8,174 8,974 6,162
Increase (decrease) in accounts payable, accrued expenses and other liabilities (25,724) 9,607 (25,428)
Net cash provided by operating activities of continuing operations 107,575 39,806 131,812
Cash Flows from Investing Activities of Continuing Operations:      
Purchases of property and equipment 114,595 252,806 203,453
Proceeds from disposition of property and equipment 164,789 143,028 79,762
Investments in and advances to 50% or less owned companies 9,663 8,094 31,212
Return of investments and advances of 50% or less owned companies 15,568 9,519 46,306
Proceeds on the sale of a controlling interest in a subsidiary 5,000 0 0
Net repayments (advances) on revolving credit line to 50% or less owned companies 0 (2,397) 3,495
(Issuances of) payments received on third party leases and notes receivable, net 24,485 (2,707) 14,391
Net (increase) decrease in restricted cash 733 2,249 (16,135)
Deposits into construction reserve funds and title XI reserve funds 13,807 1,586 16,405
Withdrawals from construction reserve funds and title XI reserve funds 38,221 42,626 32,202
Business acquisitions, net of cash acquired (5,868) 20,539 0
Net cash provided by (used in) investing activities of continuing operations 115,133 (90,411) (65,769)
Cash Flows from Financing Activities of Continuing Operations:      
Payments on long-term debt and capital lease obligations 303,485 168,599 226,496
Net payments under inventory financing arrangements 0 0 (2,522)
Proceeds from Issuance of long-term debt, net of offering costs 44,900 94,379 231,843
Purchase of conversion option in convertible debt (1,354) (7,374) (2,982)
Common stock acquired for treasury 12,300 2,396 75,342
Proceeds and tax benefits from share award plans 22,597 4,911 4,094
Issuance of noncontrolling interests, net of issue costs 0 0 400
Distributions to noncontrolling interests (4) (248) (4,342)
Net cash used in financing activities of continuing operations (249,646) (79,327) (75,347)
Effects of Exchange Rate Changes on Cash and Cash Equivalents 956 (2,928) (1,974)
Net Decrease in Cash and Cash Equivalents from Continuing Operations (25,982) (132,860) (11,278)
Cash Flows from Discontinued Operations:      
Operating Activities 12,811 41,206 (16,143)
Investing Activities 2,720 (21,581) (92,615)
Financing Activities (7,149) 12,290 160,513
Effect of Exchange Rate on Cash and Cash Equivalents 208 437 (118)
Net Increase in Cash and Cash Equivalents from Discontinued Operations 8,590 32,352 51,637
Net Increase (Decrease) in Cash and Cash Equivalents (17,392) (100,508) 40,359
Cash and Cash Equivalents, Beginning of Year 256,638 357,146 316,787
Cash and Cash Equivalents, End of Year $ 239,246 $ 256,638 $ 357,146