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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities    
Net income $ 56.0 $ 68.1
Reconciliation to net cash provided by operating activities:    
Depreciation and amortization 22.2 18.3
Amortization of deferred financing costs and debt discount 0.3 0.3
Deferred income taxes 13.1 11.3
Equity in earnings from affiliated companies (0.4) (0.3)
Stock-based compensation 10.5 12.0
Excess tax benefits on stock-based compensation   (8.5)
Changes in assets and liabilities:    
Increase in accounts receivable (68.8) (70.3)
Increase in inventories (20.7) (37.9)
(Increase) decrease in prepaid expenses and other current assets (2.0) 0.9
Increase (decrease) in accounts payable/accrued liabilities 0.8 (5.3)
Other – net (0.7) (3.2)
Net cash provided by (used for) operating activities 10.3 (14.6)
Cash flows from investing activities    
Capital expenditures (85.4) (95.0)
Acquisition of business, net of cash acquired (8.6)  
Net cash used for investing activities (94.0) (95.0)
Cash flows from financing activities    
Proceeds from senior unsecured credit facility 111.0 65.0
Repayment of other debt, net (6.9) (1.1)
Dividends paid (9.3) (9.6)
Repurchase of stock (34.9)  
Activity under stock plans (5.0) 10.4
Net cash provided by financing activities 54.9 64.7
Effect of exchange rate changes on cash and cash equivalents 1.2 (3.3)
Net decrease in cash and cash equivalents (27.6) (48.2)
Cash and cash equivalents at beginning of period 51.8 70.9
Cash and cash equivalents at end of period 24.2 22.7
Supplemental data:    
Accrual basis additions to property, plant and equipment $ 73.3 $ 66.5