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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net income $ 64.6 $ 56.0
Reconciliation to net cash provided by operating activities:    
Depreciation and amortization 24.4 22.2
Amortization of deferred financing costs and debt discount 0.4 0.3
Deferred income taxes (5.1) 13.1
Equity in earnings from affiliated companies (0.8) (0.4)
Stock-based compensation 10.9 10.5
Changes in assets and liabilities:    
Increase in accounts receivable (19.5) (68.8)
Increase in inventories (10.9) (20.7)
Increase in prepaid expenses and other current assets (8.4) (2.0)
(Decrease) increase in accounts payable/accrued liabilities (0.9) 0.8
Other – net (0.5) (0.7)
Net cash provided by operating activities 54.2 10.3
Cash flows from investing activities    
Capital expenditures (85.5) (85.4)
Acquisition of business and investment in affiliate (10.0) (8.6)
Net cash used for investing activities (95.5) (94.0)
Cash flows from financing activities    
Proceeds from senior notes due 2027 (including original issue discount of $1.7 million) 398.3  
Proceeds from Euro term loan 37.4  
Proceeds from settlement of treasury locks associated with senior notes due 2027 10.0  
Issuance costs related to senior notes due 2027 (3.7)  
Borrowings from senior unsecured credit facility   111.0
Repayment of senior unsecured credit facility (280.0)  
Repayment of capital lease obligation and other debt, net (0.1) (6.9)
Dividends paid (10.1) (9.3)
Repurchase of stock (63.7) (34.9)
Activity under stock plans (0.3) (5.0)
Net cash provided by financing activities 87.8 54.9
Effect of exchange rate changes on cash and cash equivalents 0.4 1.2
Net increase (decrease) in cash and cash equivalents 46.9 (27.6)
Cash and cash equivalents at beginning of period 35.2 51.8
Cash and cash equivalents at end of period 82.1 24.2
Supplemental data:    
Accrual basis additions to property, plant and equipment $ 92.9 $ 73.3