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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
5 Months Ended 7 Months Ended 12 Months Ended
Dec. 31, 2023
Aug. 12, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flow from operating activities        
Net income (loss) $ 19.1 $ 1,357.5 $ (585.6) $ (78.1)
Adjustments to reconcile net loss to cash provided (used) by operating activities:        
Depreciation and amortization 59.0 35.5 56.4 70.9
Amortization of Wincor Nixdorf purchase accounting intangible assets 0.0 41.8 69.6 78.2
Amortization of deferred financing costs into interest expense 0.9 21.8 15.5 17.3
Reorganization items (non-cash) 0.0 (1,747.6) 0.0 0.0
Reorganization items (debt make whole premium) 0.0 91.0 0.0 0.0
Share-based compensation 0.1 5.1 13.4 13.8
Net pension settlements 0.0 0.0 10.1 0.0
Other 0.0 0.0 3.1 0.0
Loss (gain) on sale of assets, net (1.0) 1.2 (5.1) 3.1
Impairment of assets 1.2 3.3 111.8 1.3
Deferred income taxes (43.2) 79.8 92.9 (12.6)
Changes in certain assets and liabilities        
Trade receivables (101.6) 9.9 (49.4) 16.4
Inventories 150.8 (98.1) (74.5) (84.8)
Sales tax and net value added tax 31.9 (38.1) 17.5 (15.2)
Income taxes 16.3 (26.0) 2.0 (5.3)
Accounts payable 75.0 (140.4) (66.5) 241.4
Deferred revenue (43.2) (51.0) 140.6 (9.1)
Accrued salaries, wages and commissions (1.0) 33.0 (72.5) (19.4)
Restructuring accrual (3.8) (30.2) 9.4 (25.4)
Accrued interest 3.2 20.9 (52.5) 1.7
Warranty liability 0.8 (3.4) (7.3) 0.3
Pension and other post-retirement benefits 1.9 2.0 (19.5) (13.0)
Certain other assets and liabilities (4.0) 12.6 2.7 (58.2)
Net cash provided (used) by operating activities 162.4 (419.4) (387.9) 123.3
Cash flow from investing activities        
Proceeds from divestitures, net of cash divested 0.0 0.0 10.5 1.1
Proceeds from maturities of investments 129.0 153.2 414.1 287.7
Payments for purchases of investments (129.5) (141.0) (401.3) (288.4)
Proceeds from sale of assets 0.0 0.0 6.0 1.7
Capital expenditures (9.8) (15.1) (24.4) (20.2)
Capitalized software development (9.8) (13.1) (28.7) (31.1)
Net cash provided (used) by investing activities (20.1) (16.0) (23.8) (49.2)
Cash flow from financing activities        
Debt issuance costs 0.0 (5.1) (15.7) 0.0
Debt prepayment costs 0.0 0.0 0.0 0.0
Revolving credit facility borrowings, net 0.0 0.0 121.0 0.9
Repayment of ABL credit agreement 0.0 (188.3) 0.0 0.0
Receipt of DIP financing 0.0 1,250.0 0.0 0.0
Borrowings - FILO 0.0 58.9 0.0 0.0
Repayments - FILO 0.0 (58.9) 0.0 0.0
Repayment of superpriority term loan 0.0 (400.6) 0.0 0.0
Other debt borrowings 5.0 4.4 386.1 11.2
Other debt repayments (6.7) (2.5) (131.0) (19.4)
Debt make whole premium 0.0 (91.0) 0.0 0.0
(Distributions to) / Contributions from noncontrolling interest holders 0.0 0.0 (2.8) 11.4
Other (2.3) (3.4) (7.8) (7.7)
Net cash provided (used) by financing activities (4.0) 563.5 349.8 (3.6)
Effect of exchange rate changes on cash and cash equivalents 1.1 2.9 (8.2) (5.7)
Change in cash, cash equivalents and restricted cash 139.4 131.0 (70.1) 64.8
Add: Cash included in assets held for sale at beginning of period 0.7 2.8 3.1 2.7
Less: Cash included in assets held for sale at end of period 0.0 0.7 2.8 3.1
Cash, cash equivalents and restricted cash at the beginning of the period 452.2 319.1 388.9 324.5
Cash, cash equivalents and restricted cash at the end of the period 592.3 452.2 319.1 388.9
Cash paid for        
Income taxes 21.4 25.2 33.1 42.3
Interest $ 52.7 $ 74.7 $ 231.6 $ 175.1