v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities:    
Net (loss) income $ (15,263) $ 4,952
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 5,169 5,127
Debt amortization/interest 2,592 2,828
Gain on debt retirement 0 (1,323)
Loss on foreign currency transactions 7,725 978
Equity-based compensation 237 3,031
(Loss) income from unconsolidated affiliates, net of dividends 1,269 (2,563)
Changes in operating assets and liabilities, net    
Trade and other receivables (52,367) (72,392)
Inventories and advances to tobacco suppliers (388,020) (108,015)
Deferred items 4,529 (899)
Recoverable income taxes (4,477) (622)
Payables and accrued expenses 393 (64,786)
Advances from customers (49,806) (18,550)
Prepaid expenses (2,660) 3,883
Income taxes (838) 326
Other operating assets and liabilities 2,000 (175)
Other, net (5,770) (3,976)
Net cash used in operating activities (495,287) (252,176)
Investing Activities:    
Purchases of property, plant, and equipment (4,279) (5,097)
Collections from beneficial interests in securitized trade receivables 41,007 31,741
Other, net 913 1,304
Net cash provided by investing activities 37,641 27,948
Financing Activities:    
Net proceeds from short-term borrowings 476,945 182,001
Proceeds from revolving loan facilities 81,000 130,000
Repayment of revolving loan facilities (81,000) (86,000)
Debt issuance costs (2,825) (2,662)
Repayment of long-term borrowings 0 (9,104)
Other, net 361 64
Net cash provided by financing activities 474,481 214,299
Effect of exchange rate changes on cash (997) (761)
Increase (decrease) in cash, cash equivalents, and restricted cash 15,838 (10,690)
Cash and cash equivalents at beginning of period 78,254 92,569
Restricted cash at beginning of period 7,290 7,224
Cash, cash equivalents, and restricted cash at end of period 101,382 89,103
Other information:    
Cash paid for income taxes, net 2,609 2,679
Cash paid for interest, net 25,988 30,833
Noncash investing activities:    
Noncash amounts obtained as a beneficial interest in exchange for transferring trade receivables in a securitization transaction $ 30,017 $ 60,491