XML 17 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net income $ 12.9 $ 19.1
Adjustments to reconcile net income to net cash used in operating activities:    
Impairment charges and other-net 3.4 21.8
Depreciation and amortization 137.5 143.1
Provision for doubtful accounts receivable 10.6 1.7
Share-based compensation 6.4 6.4
Deferred income taxes 7.3 (10.1)
Changes in uncertain tax positions (0.4) 0.7
Gain on investments and other assets-net (13.8) (2.8)
Loss on debt extinguishments 0.1 20.1
Net pension and other postretirement benefits plan income (15.9) (11.0)
Realized gain on disposition of available-for-sale securities-net   (42.4)
Other 4.8 14.7
Changes in operating assets and liabilities:    
Accounts receivable-net (5.7) (26.3)
Inventories (16.6) (62.5)
Prepaid expenses and other current assets (5.9) (6.3)
Accounts payable (150.7) (18.9)
Income taxes payable and receivable (26.7) (11.4)
Accrued liabilities and other 2.3 (26.7)
Pension and other postretirement benefits plan contributions (13.5) (12.4)
Net cash used in operating activities (63.9) (3.2)
INVESTING ACTIVITIES    
Capital expenditures (72.7) (77.2)
Proceeds from sales of investments and other assets 49.9 127.6
Payments related to company-owned life insurance (1.8) (7.5)
Proceeds from disposal of business 50.5  
Net cash provided by investing activities 25.9 42.9
FINANCING ACTIVITIES    
Proceeds from other short-term debt 56.5 23.1
Payments on other short-term debt (12.2) (12.9)
Payments of current maturities and long-term debt (0.2) (200.9)
Proceeds from credit facility borrowings 975.1 1,165.0
Payments on credit facility borrowings (949.1) (1,000.0)
Dividends paid (21.8) (29.4)
Transfer of cash and cash equivalents to LSC and Donnelley Financial   (78.0)
Payments of withholding taxes on share-based compensation (0.7) (1.9)
Other financing activities (0.9) (6.0)
Net cash provided by (used in) financing activities 46.7 (141.0)
Effect of exchange rate on cash, cash equivalents and restricted cash (14.0) 13.2
Net decrease in cash, cash equivalents and restricted cash (5.3) (88.1)
Cash, cash equivalents and restricted cash at beginning of year 301.5 335.9
Cash, cash equivalents and restricted cash at end of period $ 296.2 247.8
SUPPLEMENTAL NON-CASH DISCLOSURE:    
Debt-for-equity exchange   $ 132.9