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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings $ 47.8 $ 45.3
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 19.1 13.7
Stock-based compensation expense 4.2 1.5
Deferred income taxes 6.1 3.1
Other - net 1.5 1.4
Changes in operating assets and liabilities:    
Trade accounts receivable (18.1) (2.7)
Inventories 6.0 (7.9)
Accounts payable 6.5 (9.5)
Other assets and liabilities (32.6) (3.2)
Net cash provided by operating activities 40.5 41.7
Cash flows from investing activities:    
Expenditures for property, plant and equipment (26.8) (15.1)
Other - net 0.3 (3.3)
Net cash used for investing activities (26.5) (18.4)
Cash flows from financing activities:    
Borrowings of debt 174.0 116.1
Repayments of debt (163.8) (107.8)
Repayments on bank overdraft facilities - net (5.7) (3.8)
Purchases of treasury stock (4.7) (1.2)
Dividend paid to noncontrolling interest (0.4) (0.5)
Other - net 0.6 0.9
Net cash provided by financing activities 0.0 3.7
Effect of exchange rate changes on cash (1.1) (0.2)
Net increase in cash, cash equivalents and restricted cash 12.9 26.8
Cash, cash equivalents and restricted cash - beginning of period 60.3 67.2
Cash, cash equivalents and restricted cash - end of period $ 73.2 $ 94.0