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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net Income $ 183.3 $ 156.5
Reconciliation to net cash provided by operating activities:    
Depreciation and amortization 56.5 52.6
Amortization of deferred financing costs and debt discount 0.8 1.3
Deferred income taxes 39.3 50.5
Equity in earnings from affiliated companies (1.7) (1.1)
Stock-based compensation 15.2 14.0
Excess tax benefits on stock-based compensation (9.2) (5.5)
Changes in assets and liabilities:    
Increase in accounts receivable (38.9) (30.4)
Increase in inventories (46.2) (44.6)
Increase in prepaid expenses and other current assets (6.0) (11.6)
(Decrease) increase in accounts payable/accrued liabilities (26.0) 10.7
Other – net (2.8) (0.6)
Net cash provided by operating activities 164.3 191.8
Cash flows from investing activities    
Capital expenditures (249.3) (194.4)
Net cash used for investing activities (249.3) (194.4)
Cash flows from financing activities    
Proceeds from issuance of senior notes 300.0  
Proceeds from senior unsecured credit facility   481.0
Proceeds from previous senior secured credit facility   189.0
Repayment of previous senior secured credit facility   (481.0)
Repayment of other debt, net (1.2) (0.2)
Deferred financing costs and discount related to long-term debt (3.6) (1.3)
Repayment of senior unsecured credit facility (115.0) (51.0)
Dividends paid (28.9)  
Repurchase of stock (100.0) (160.0)
Activity under stock plans 13.2 2.2
Net cash provided by (used for) financing activities 64.5 (21.3)
Effect of exchange rate changes on cash and cash equivalents (7.2) (3.9)
Net decrease in cash and cash equivalents (27.7) (27.8)
Cash and cash equivalents at beginning of period 70.9 65.5
Cash and cash equivalents at end of period 43.2 37.7
Supplemental data:    
Accrual basis additions to property, plant and equipment $ 227.8 $ 179.2