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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net income $ 190.3 $ 183.3
Reconciliation to net cash provided by operating activities:    
Depreciation and amortization 69.0 56.5
Amortization of deferred financing costs and debt discount 1.4 0.8
Deferred income taxes 50.5 39.3
Equity in earnings from affiliated companies (1.9) (1.7)
Stock-based compensation 13.6 15.2
Excess tax benefits on stock-based compensation   (9.2)
Changes in assets and liabilities:    
Increase in accounts receivable (16.8) (38.9)
Increase in inventories (5.0) (46.2)
Increase in prepaid expenses and other current assets (7.3) (6.0)
Decrease in accounts payable/accrued liabilities (9.1) (26.0)
Other – net 2.1 (2.8)
Net cash provided by operating activities 286.8 164.3
Cash flows from investing activities    
Capital expenditures (231.8) (249.3)
Acquisition of business and investments and advances to affiliates (33.6)  
Net cash used for investing activities (265.4) (249.3)
Cash flows from financing activities    
Proceeds from senior unsecured credit facility 63.0  
Proceeds from Euro term loan 27.4  
Proceeds from issuance of senior notes   300.0
Repayment of senior unsecured credit facility   (115.0)
Other debt, net (0.4) (1.2)
Issuance costs related to credit facilities (1.7)  
Deferred financing costs and discount related to long-term debt   (3.6)
Dividends paid (29.7) (28.9)
Repurchase of stock (84.9) (100.0)
Activity under stock plans (1.0) 13.2
Net cash (used for) provided by financing activities (27.3) 64.5
Effect of exchange rate changes on cash and cash equivalents (0.2) (7.2)
Net decrease in cash and cash equivalents (6.1) (27.7)
Cash and cash equivalents at beginning of period 51.8 70.9
Cash and cash equivalents at end of period 45.7 43.2
Supplemental data:    
Accrual basis additions to property, plant and equipment $ 232.6 $ 227.8