XML 24 R7.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net earnings $ 3.4 $ 0.5
Adjustments to reconcile net earnings to net cash (used for) provided by operating activities:    
Depreciation and amortization 26.6 37.9
Impairment charges - net 1.5 0.0
Loss on sale of assets 6.6 0.0
Stock-based compensation expense 3.6 2.1
Deferred income taxes (1.7) 1.0
Other - net 1.2 2.5
Changes in operating assets and liabilities:    
Trade accounts receivable 12.5 4.4
Inventories (54.8) 11.0
Accounts payable 4.1 (5.7)
Other assets and liabilities (22.0) 33.6
Net cash (used for) provided by operating activities (19.0) 87.3
Cash flows from investing activities:    
Expenditures for property, plant and equipment (20.4) (14.6)
Proceeds from (payments for) disposition of assets (5.2) 0.6
Disbursements for loan origination (see Note 1) (4.7) 0.0
Other - net 1.3 0.7
Net cash used for investing activities (29.0) (13.3)
Cash flows from financing activities:    
Borrowings of debt 199.9 8.2
Repayments of debt (145.6) (103.0)
Borrowings on bank overdraft facilities - net 10.5 12.5
Financing fees paid (0.2) (0.8)
Dividend paid to noncontrolling interest (0.9) 0.0
Other - net 0.0 (0.8)
Net cash provided by (used for) financing activities 63.7 (83.9)
Effect of exchange rate changes on cash (0.3) 1.3
Net increase (decrease) in cash, cash equivalents, restricted cash and cash held for sale 15.4 (8.6)
Cash, cash equivalents, restricted cash and cash held for sale - beginning of period 46.1 71.3
Cash, cash equivalents, restricted cash and cash held for sale - end of period $ 61.5 $ 62.7