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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating Activities    
Net income (loss) $ 111.6 $ 63.8
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation and amortization 29.3 33.0
Amortization of deferred financing fees 0.4 0.5
Loss on extinguishment of debt 43.0 0.0
Loss (gain) on sale or disposal of assets, net 0.6 0.4
Impairment charges 0.0 8.2
Deferred income taxes (0.2) (0.1)
Stock-based compensation expense 4.3 3.6
Pension and postretirement (benefit) expense, net (49.8) (9.9)
Changes in operating assets and liabilities:    
Accounts receivable, net (59.4) (58.0)
Inventories, net (50.8) (35.7)
Accounts payable 47.0 40.0
Other accrued expenses (10.5) 5.3
Pension and postretirement contributions and payments (4.0) (2.0)
Deferred charges and prepaid expenses 0.5 1.9
Other, net 2.0 1.4
Net Cash Provided (Used) by Operating Activities 64.0 52.4
Investing Activities    
Capital expenditures (10.0) (3.8)
Proceeds from disposals of property, plant and equipment 0.1  
Net Cash Provided (Used) by Investing Activities (9.9) (3.8)
Financing Activities    
Purchase of treasury shares (12.7) 0.0
Proceeds from exercise of stock options 7.8 3.2
Shares surrendered for employee taxes on stock compensation (1.7) (0.5)
Repayments on convertible notes (67.6) (38.9)
Net Cash Provided (Used) by Financing Activities (74.2) (36.2)
Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash (20.1) 12.4
Cash, cash equivalents, and restricted cash at beginning of period 259.6 102.8
Cash, Cash Equivalents, and Restricted Cash at End of Period $ 239.5 $ 115.2