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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 306.6 $ 276.6 $ 284.0
Reconciliation to net cash provided by operating activities:      
Depreciation and amortization 141.7 123.1 104.5
Amortization of deferred financing costs and debt discount 0.9 1.6 0.7
Deferred income taxes 16.3 29.3 3.8
Restructuring expense, net of payments (2.5) 7.7  
Equity in earnings from affiliated companies (3.7) (5.6) (3.3)
Stock-based compensation 18.3 16.2 17.6
Changes in assets and liabilities:      
Decrease (increase) in accounts receivable 36.5 (20.7) 20.2
(Increase) decrease in inventories (30.4) (25.2) 2.3
Increase in prepaid expenses and other current assets (5.8) (8.6) (0.1)
Increase (decrease) increase in accounts payable/accrued liabilities 12.5 23.3 (2.1)
Other – net 0.7 3.7 1.1
Net cash provided by operating activities 491.1 421.4 428.7
Cash flows from investing activities      
Capital expenditures (204.1) (184.1) (278.1)
Acquisitions and Investments in affiliated companies (163.2) (3.4) (76.0)
Net cash used for investing activities (367.3) (187.5) (354.1)
Cash flows from financing activities      
Repayments of Euro term loan (9.0) (4.2) (4.1)
Proceeds from issuance of senior notes     398.3
Proceeds from settlements of treasury locks     10.0
Proceeds from Euro term loan     37.4
Change in capital lease obligations (0.8) (0.2)  
Proceeds (repayment) of other debt, net   0.2 (0.5)
Dividends paid (54.2) (48.4) (42.6)
Repurchase of stock (143.0) (357.7) (150.3)
Activity under stock plans 7.1 1.0 12.2
Net cash used for financing activities (91.4) (257.3) (58.3)
Effect of exchange rate changes on cash and cash equivalents (0.7) (4.0) 8.6
Net increase (decrease) in cash and cash equivalents 31.7 (27.4) 24.9
Cash and cash equivalents at beginning of period 32.7 60.1 35.2
Cash and cash equivalents at end of period 64.4 32.7 60.1
Supplemental data:      
Accrual basis additions to property, plant and equipment 191.0 179.1 284.4
Senior notes      
Cash flows from financing activities      
Issuance costs     (3.7)
Senior unsecured credit facility      
Cash flows from financing activities      
Issuance costs (2.5)    
Senior unsecured credit facility - due 2024      
Cash flows from financing activities      
Borrowing from senior unsecured credit facility 581.0    
Repayment of senior unsecured credit facility (268.0)    
Senior unsecured credit facility - due 2021      
Cash flows from financing activities      
Borrowing from senior unsecured credit facility 345.0 752.0 459.0
Repayment of senior unsecured credit facility $ (547.0) $ (600.0) $ (774.0)