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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:      
Net earnings $ 163.4 $ 153.6 $ 86.3
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 56.1 54.5 54.8
Impairment charges (reversals) - net 0.0 0.0 (55.7)
(Gain) loss on sale of assets (4.0) 0.0 6.6
Stock-based compensation expense 10.8 6.6 5.7
Deferred income taxes 6.2 (59.6) (3.8)
Other - net 6.1 4.8 3.1
Changes in operating assets and liabilities:      
Trade accounts receivable (8.3) (40.7) (55.6)
Inventories (17.3) (49.4) (70.7)
Accounts payable (59.1) 10.2 55.1
Accrued compensation and employee benefits 15.2 6.4 9.8
Other assets 12.0 19.6 (2.4)
Other liabilities 33.5 1.5 (21.7)
Net cash provided by operating activities 214.6 107.5 11.5
Cash flows from investing activities:      
Expenditures for property, plant and equipment (87.7) (50.7) (40.3)
Business acquisitions, net of cash acquired (see Note 2) (186.2) 0.0 0.0
Purchase of TMGcore, Inc. technology and related assets (see Note 2) (12.0) 0.0 0.0
Proceeds from (payments for) dispositions of assets (0.8) 0.3 (7.6)
Proceeds from maturities of short-term investments 3.3 3.4 3.6
Disbursements for loan origination (see Note 2) 0.0 0.0 (4.7)
Purchases of short-term investments 0.0 (3.4) (3.9)
Other - net 0.0 0.0 1.9
Net cash used for investing activities (283.4) (50.4) (51.0)
Cash flows from financing activities:      
Borrowings of debt 332.5 374.3 351.8
Repayments of debt (260.4) (403.4) (306.7)
Borrowings (repayments) on bank overdraft facilities - net 6.3 3.0 (4.3)
Purchase of treasury stock under share repurchase program (13.3) (7.3) 0.0
Dividend paid to noncontrolling interest (0.5) (0.6) (0.9)
Other - net (1.9) 0.7 (0.7)
Net cash provided by (used for) financing activities 62.7 (33.3) 39.2
Effect of exchange rate changes on cash (0.8) (2.0) (0.4)
Net (decrease) increase in cash, cash equivalents and restricted cash (6.9) 21.8 (0.7)
Cash, cash equivalents and restricted cash - beginning of period 67.2 45.4 46.1
Cash, cash equivalents and restricted cash - end of period $ 60.3 $ 67.2 $ 45.4