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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 227.6 $ 50.0
Adjustments to reconcile net income (loss) to net cash used for operating activities:    
Depreciation 54.6 53.3
Amortization 147.5 178.6
Deferred income taxes (0.7) (22.0)
Amortization of debt discount and issuance costs 6.3 7.4
Change in fair value of warrant liabilities 103.4 (124.0)
Changes in operating working capital (17.8) (448.0)
Stock-based compensation 18.8 20.1
Payment of contingent consideration 0.0 (8.7)
Other 4.6 (40.2)
Net cash provided by (used for) operating activities 544.3 (333.5)
Cash flows from investing activities:    
Capital expenditures (80.1) (61.7)
Investments in capitalized software (3.4) (8.0)
Acquisition of business, net of cash acquired 0.0 (5.0)
Proceeds from disposition of property, plant and equipment 12.4 0.0
Net cash provided by (used for) investing activities (71.1) (74.7)
Cash flows from financing activities:    
Borrowings from ABL revolving credit facility and short-term borrowings 224.6 578.4
Repayments of ABL revolving credit facility and short-term borrowings (459.6) (281.5)
Repayment of long-term debt (21.8) (10.9)
Debt issuance costs 0.0 (0.5)
Payment of tax receivable agreement 0.0 (25.0)
Payment of contingent consideration 0.0 (12.8)
Exercise of employee stock options 22.9 1.3
Employee taxes paid from shares withheld (2.8) (4.3)
Net cash provided by (used for) financing activities (236.7) 244.7
Effect of exchange rate changes on cash and cash equivalents (4.7) (14.9)
Increase (decrease) in cash, cash equivalents and restricted cash 231.8 (178.4)
Beginning cash, cash equivalents and restricted cash 273.2 447.1
Ending cash, cash equivalents and restricted cash 505.0 268.7
Changes in operating working capital    
Accounts receivable (136.7) (257.0)
Inventories (101.5) (202.3)
Other current assets 28.5 (4.2)
Accounts payable (44.9) 42.2
Deferred revenue 184.6 35.8
Accrued expenses and other liabilities 45.5 (51.5)
Income taxes 6.7 (11.0)
Total changes in operating working capital $ (17.8) $ (448.0)