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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 29.9 $ 20.0 $ 3.1
Net loss from discontinued operations 0.1 0.8 5.6
Net income from continuing operations 30.0 20.8 8.7
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities      
Equity in loss / (income) of affiliates 0.0 0.1 (0.7)
Depreciation 14.7 12.6 12.0
Amortization of purchased intangible assets 0.9 0.7 1.2
Amortization of debt issuance costs 0.5 0.4 0.3
Share-based compensation charge 2.8 2.8 4.5
Deferred income taxes (1.6) 4.8 4.0
Loss on disposal of property, plant and equipment 0.0 0.1 0.2
Gain on disposal of business 0.0 0.0 (2.9)
Asset impairment charges 0.0 0.0 4.8
Defined benefit pension credit (1.9) (3.9) (2.8)
Defined benefit pension contributions (18.2) (5.8) (7.9)
Changes in assets and liabilities, net of effects of business acquisitions      
Accounts and notes receivable (9.8) 10.7 (7.6)
Inventories (15.3) 9.5 3.5
Other current assets (1.6) 9.6 (2.3)
Accounts payable 11.4 (12.9) (0.7)
Accrued liabilities 7.5 (1.9) (9.5)
Other current liabilities 6.6 2.5 3.1
Other non-current assets and liabilities 0.0 (0.8) (2.9)
Net cash provided by operating activities - continuing 26.0 49.3 5.0
Net cash provided by operating activities - discontinued 0.1 0.3 0.8
Net cash provided by operating activities 26.1 49.6 5.8
Investing activities      
Capital expenditures (9.1) (8.0) (13.1)
Proceeds from sale of property, plant and equipment 0.0 0.0 1.2
Proceeds from sale of businesses 23.4 1.5 4.4
Acquisitions, net of cash acquired (19.3) 0.0 0.0
Net cash used for investing activities - continuing (5.0) (6.5) (7.5)
Net cash used for investing activities - discontinued (0.1) (0.3) (0.8)
Net cash used for investing activities (5.1) (6.8) (8.3)
Financing activities      
Net repayments of short term borrowings 0.0 0.0 (3.5)
Net drawdowns / (repayments) of long-term borrowings 6.4 (38.2) 17.5
Debt issuance costs (1.0) 0.0 0.0
Deferred consideration paid 0.0 (0.4) (0.5)
Proceeds from sale of shares 0.0 1.1 3.5
Dividends paid (13.6) (13.6) (13.6)
Share based compensation cash paid (1.5) (1.4) (4.4)
Repurchases of ordinary shares (6.4) 0.0 0.0
Net cash used for financing activities (16.1) (52.5) (1.0)
Effect of exchange rate changes on cash and cash equivalents 0.0 0.9 (0.3)
Net increase / (decrease) 4.9 (8.8) (3.8)
Cash, cash equivalents and restricted cash; beginning of year 1.5 10.3 14.1
Cash, cash equivalents and restricted cash; end of year 6.4 1.5 10.3
Supplemental cash flow information:      
Interest payments 3.2 5.1 4.6
Income tax payments $ 5.3 $ 2.1 $ 6.1