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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income (loss) $ (49.1) $ (25.4)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation and amortization 52.4 53.2
Amortization of deferred financing fees and debt discount 4.0 3.7
Impairment charges and loss (gain) on sale or asset disposals (3.0) 1.9
Deferred income taxes (0.4) (2.3)
Stock-based compensation expense 5.2 5.2
Pension and postretirement expense, net (1.0) (0.5)
Pension and postretirement contributions and payments (4.2) (2.3)
Changes in operating assets and liabilities:    
Accounts receivable, net (3.7) 56.0
Inventories, net 107.6 44.5
Accounts payable 8.2 (81.6)
Other accrued expenses 4.6 (24.7)
Deferred charges and prepaid expenses (1.7) (1.4)
Other, net 2.1 (2.0)
Net Cash Provided (Used) by Operating Activities 121.0 24.3
Investing Activities    
Capital expenditures (13.0) (21.7)
Proceeds from disposals of property, plant and equipment 10.0 0.0
Net Cash Provided (Used) by Investing Activities (3.0) (21.7)
Financing Activities    
Proceeds from exercise of stock options 0.0 0.2
Shares surrendered for employee taxes on stock compensation (0.3) (1.0)
Repayments on credit agreements (70.0) (45.0)
Borrowings on credit agreements 0.0 40.0
Net Cash Provided (Used) by Financing Activities (70.3) (5.8)
Increase (Decrease) in Cash and Cash Equivalents 47.7 (3.2)
Cash and cash equivalents at beginning of period 27.1 21.6
Cash and Cash Equivalents at End of Period $ 74.8 $ 18.4