XML 45 R9.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net earnings $ 62.5 $ 68.8 $ 42.7
Adjustments to reconcile net earnings to net cash flows provided by operating activities:      
Depreciation, depletion and amortization 137.9 136.9 122.2
Finance fee amortization 2.8 2.2 2.2
Refinancing of long-term debt 0.3 0.0 0.0
Stock-based compensation 6.3 7.8 5.0
Deferred income taxes (11.8) (16.7) (16.5)
Net earnings in equity investee (0.7) (1.0) (0.8)
Gain on settlement of acquisition-related contingent consideration 0.0 0.0 (1.9)
Unrealized foreign exchange loss 15.0 0.1 4.6
Other, net 7.2 4.1 0.6
Changes in operating assets and liabilities:      
Receivables (31.3) 16.4 (22.7)
Inventories (45.4) (16.8) (5.9)
Other assets 23.9 (18.4) (72.8)
Accounts payable and accrued expenses and other current liabilities (12.1) 21.1 (3.6)
Other liabilities 5.0 (22.2) 98.1
Net cash provided by operating activities 159.6 182.3 151.2
Cash flows from investing activities:      
Capital expenditures (98.1) (96.8) (114.1)
Other, net (2.3) (2.8) (4.9)
Net cash used in investing activities (100.4) (99.6) (119.0)
Cash flows from financing activities:      
Proceeds from revolving credit facility borrowings 574.1 457.4 295.8
Principal payments on revolving credit facility borrowings (611.1) (429.1) (232.0)
Proceeds from issuance of long-term debt 1,001.8 54.3 98.7
Principal payments on long-term debt (902.8) (68.1) (123.8)
Dividends paid (98.1) (97.7) (97.5)
Acquisition-related contingent consideration payment 0.0 0.0 (14.7)
Premium and other payments to refinance debt 0.0 0.0 (0.2)
Deferred financing costs (12.8) (1.7) (0.7)
Shares withheld to satisfy employee tax obligations (0.3) 0.0 0.0
Proceeds from stock option exercises 0.0 0.0 0.3
Other, net (1.3) (1.0) 0.7
Net cash used in financing activities (50.5) (85.9) (73.4)
Effect of exchange rate changes on cash and cash equivalents (1.0) (6.4) 0.4
Net change in cash and cash equivalents 7.7 (9.6) (40.8)
Cash and cash equivalents, beginning of the year 27.0 36.6 77.4
Cash and cash equivalents, end of period 34.7 27.0 36.6
Supplemental cash flow information:      
Interest paid, net of amounts capitalized 60.7 52.1 42.7
Income taxes paid, net of refunds $ 33.9 $ 38.3 $ 27.2