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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net income $ 17.7 $ 30.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 35.3 35.2
Deferred income tax expense 2.8 5.3
Share-based compensation expense 1.6 1.1
Changes in working capital pertaining to operating activities:    
Receivables, net 23.3 (21.9)
Inventories (59.0) (66.9)
Accounts payable 22.2 41.9
Accrued liabilities (15.3) (3.9)
Interest payable 6.1 6.1
Income taxes 3.4 3.3
Other (7.9) (8.1)
Net cash provided by operating activities 30.2 22.7
Cash Flows from Investing Activities    
Capital expenditures (22.6) (12.9)
Other investing activities 0.3 (0.1)
Net cash used in investing activities (22.3) (13.0)
Cash Flows from Financing Activities    
Proceeds from revolving facility 139.0 137.0
Repayment of revolving facility (139.0) (122.0)
Repayment of financing obligation (0.8) (0.8)
Dividends paid (6.7) (5.0)
Cash distribution to noncontrolling interests (3.7) (1.5)
Other financing activities (3.4) (1.5)
Net cash (used in) provided by financing activities (14.6) 6.2
Net (decrease) increase in cash and cash equivalents (6.7) 15.9
Cash and cash equivalents at beginning of period 90.0 63.8
Cash and cash equivalents at end of period 83.3 79.7
Supplemental Disclosure of Cash Flow Information    
Interest paid 0.5 0.9
Income taxes paid $ 0.5 $ 1.4