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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
1 Months Ended 3 Months Ended
Dec. 31, 2015
Mar. 31, 2016
Feb. 28, 2015
Operating Activities      
Net income (loss) $ 7.0 $ 5.1 $ (3.3)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Loss (income) from discontinued operations, net of income taxes 0.0 0.1 (0.2)
Depreciation and amortization 5.1 15.1 16.3
Amortization of financing costs 0.2 0.6 0.7
Stock-based compensation (0.4) 2.3 5.3
Retirement benefit expense 5.6 17.2 16.8
Loss on debt repurchased 0.0 0.3 0.2
Loss on disposal of long-lived assets 0.0 0.0 0.2
Tax benefit on stock-based awards (2.4) 0.0 (1.4)
Changes in assets and liabilities:      
Accounts receivable 2.0 (12.8) (19.5)
Inventories 1.3 (14.4) (23.5)
Other current assets, net (4.8) (1.6) (5.3)
Real estate held for entitlement and leasing (0.1) (1.2) (1.5)
Receivable from Northrop (0.5) 0.5 (0.6)
Recoverable from the U.S. government and other third parties for environmental remediation costs 3.2 2.2 3.8
Other noncurrent assets 0.5 2.8 13.4
Assets held for sale 0.0 0.0 (14.2)
Accounts payable (41.0) 22.5 (19.0)
Pension and postretirement medical and life benefits (0.2) (8.7) (1.6)
Advance payments on contracts 27.2 (30.1) 9.6
Other current liabilities 5.6 (23.3) (7.9)
Deferred income taxes (7.1) (3.8) (1.1)
Reserves for environmental remediation costs (3.8) (3.0) (3.4)
Other noncurrent liabilities 0.3 (1.5) 0.6
Net cash (used in) provided by operating activities (2.3) (31.7) (35.6)
Investing Activities      
Capital expenditures (1.2) (7.7) (4.3)
Net cash used in investing activities (1.2) (7.7) (4.3)
Financing Activities      
Debt repayments (1.3) (14.4) (9.3)
Repurchase of shares to satisfy employee tax withholding obligations (0.2) (0.7) (2.4)
Proceeds from shares issued under stock plans 0.0 1.5 0.0
Tax benefit on stock-based awards 2.4 0.0 1.4
Net cash (used in) provided by financing activities 0.9 (13.6) (10.3)
Net (decrease) increase in cash and cash equivalents (2.6) (53.0) (50.2)
Cash and Cash Equivalents at Beginning of Period 211.1 208.5 265.9
Cash and Cash Equivalents at End of Period 208.5 155.5 215.7
Supplemental disclosures of cash flow information      
Cash paid for interest 2.7 17.7 6.2
Cash paid for income taxes 0.0 12.7 5.3
Conversion of debt to common stock $ 0.0 $ 0.0 $ 34.4