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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income (loss) $ 17.8 $ (14.0)
Reconciliation to net cash used for operating activities:    
Depreciation and amortization 32.2 34.5
Amortization related to financing 0.3 1.5
Deferred income taxes (1.8) (8.8)
Equity in earnings from affiliated companies (1.5) 1.1
Stock-based compensation 10.4 9.0
Merger and restructuring expenses, net of payments (5.0) 1.5
Changes in assets and liabilities:    
Increase in accounts receivable (54.7) 42.0
Increase in inventories (24.4) (7.6)
Increase in prepaid expenses and other current assets (8.6) (6.8)
Increase in accounts payable/accrued liabilities 13.4 30.2
Other – net 2.9 (0.2)
Net cash used for operating activities (19.0) (1.2)
Cash flows from investing activities    
Capital expenditures (20.9) (4.9)
Net cash used for investing activities (20.9) (4.9)
Cash flows from financing activities    
Repayment of finance lease obligation and other debt, net (0.3) (0.3)
Dividends paid (8.5) 0.0
Activity under stock plans (0.3) 0.8
Net cash provided by (used for) financing activities 25.9 (13.5)
Effect of exchange rate changes on cash and cash equivalents (0.9) (1.7)
Net decrease in cash and cash equivalents (14.9) (21.3)
Cash and cash equivalents at beginning of period 127.7 103.3
Cash and cash equivalents at end of period 112.8 82.0
Supplemental data:    
Accrual basis additions to plant, property, and equipment 11.1 4.0
Senior unsecured credit facility - due 2024    
Cash flows from financing activities    
Borrowing from senior unsecured credit facility 35.0 0.0
Repayment of senior unsecured credit facility $ 0.0 $ (14.0)