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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities      
Net income $ 16.1 $ 31.7 $ 306.6
Reconciliation to net cash provided by operating activities:      
Depreciation and amortization 138.0 140.9 141.7
Amortization of deferred financing costs and debt discount 3.1 1.2 0.9
Deferred income taxes (2.6) (51.4) 16.3
Merger and restructuring expenses, net of payments (5.6) 23.0 (2.5)
Equity in earnings from affiliated companies   1.6 (3.7)
Stock-based compensation 19.0 15.4 18.3
Changes in assets and liabilities:      
(Increase) decrease in accounts receivable (40.7) 110.0 36.5
(Increase) decrease in inventories (40.4) 129.4 (30.4)
Decrease (increase) in prepaid expenses and other current assets 13.0 11.2 (5.8)
Increase (decrease) in accounts payable/accrued liabilities 49.8 (134.1) 12.5
Other – net 2.0 (14.6) 0.7
Net cash provided by operating activities 151.7 264.3 491.1
Cash flows from investing activities      
Capital expenditures (27.9) (50.6) (204.1)
Acquisitions and investments in affiliated companies     (163.2)
Net cash used for investing activities (27.9) (50.6) (367.3)
Cash flows from financing activities      
Repayments of Euro term loan   (49.9) (9.0)
Change in finance lease obligations (0.9) (1.0) (0.8)
Proceeds of other debt, net   0.8  
Issuance costs related to senior credit facility   (1.3) (2.5)
Dividends paid   (14.2) (54.2)
Repurchase of stock   (24.6) (143.0)
Activity under stock plans 7.1 (3.3) 7.1
Net cash used for financing activities (96.8) (178.5) (91.4)
Effect of exchange rate changes on cash and cash equivalents (2.6) 3.7 (0.7)
Net increase in cash and cash equivalents 24.4 38.9 31.7
Cash and cash equivalents at beginning of period 103.3 64.4 32.7
Cash and cash equivalents at end of period 127.7 103.3 64.4
Supplemental data:      
Interest, net of capitalized interest 36.1 41.6 44.7
Income Taxes 1.2 (0.2) 56.9
Accrual basis additions to property, plant and equipment 41.4 42.5 191.0
Senior unsecured credit facility - due 2024      
Cash flows from financing activities      
Borrowing from senior unsecured credit facility   422.0 581.0
Repayment of senior unsecured credit facility $ (103.0) $ (507.0) (268.0)
Senior unsecured credit facility - due 2021      
Cash flows from financing activities      
Borrowing from senior unsecured credit facility     345.0
Repayment of senior unsecured credit facility     $ (547.0)