XML 55 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income (loss) $ 8.0 $ (6.1)
Net loss from discontinued operations 7.8 15.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from equity method investments (3.1) (2.4)
Restructuring expenses, net of cash paid (1.4) 1.7
Provision for bad debts 1.2 1.5
Unrealized loss (gain) on derivative contracts 0.5 (0.5)
Stock-based compensation expense 7.7 3.8
Depreciation and amortization 14.1 13.9
Deferred income taxes (1.6) (0.6)
Other items, net 9.0 0.5
Changes in assets and liabilities, net of effects of acquisitions and divestitures:    
Accounts and notes receivable (35.8) 3.7
Inventories (100.9) (75.2)
Other current assets (3.5) 3.4
Accounts payable 18.8 34.3
Accrued expenses (42.1) (15.4)
Income taxes payable and receivable (9.6) (8.6)
Other 5.6 1.9
Net cash used in discontinued operations (12.0) (5.6)
Net cash used in operating activities (137.3) (34.3)
Cash flows from investing activities:    
Proceeds from the disposal of property, plant and equipment 0 0.1
Purchases of property, plant and equipment (12.1) (6.6)
Net proceeds from sale of business 5.3 0
Net cash used in discontinued operations (0.1) (0.3)
Net cash used in investing activities (6.9) (6.8)
Cash flows from financing activities:    
Short-term borrowings, net 1.2 6.6
Asset securitization borrowings 130.0 170.0
Asset securitization payments (140.0) (170.0)
Long-term debt payments (0.2) (0.2)
Borrowings from revolving credit facility 435.5 267.5
Payments on revolving credit facility (296.5) (215.5)
Proceeds from stock option exercises 0.5 0.1
Repurchases of common stock (4.2) (1.9)
Excess tax benefits related to share-based payments 2.3 0.8
Cash dividends paid 0 (9.2)
Net cash provided by financing activities 128.6 48.2
Increase (decrease) in cash and cash equivalents (15.6) 7.1
Effect of exchange rates on cash and cash equivalents (1.3) 2.6
Cash and cash equivalents, beginning of period 51.8 45.0
Cash and cash equivalents, end of period 34.9 54.7
Cash paid during the period for:    
Interest, net 1.2 2.3
Income taxes (net of refunds) $ 11.9 $ 5.1