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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net (loss) income $ (14.0) $ 42.4
Reconciliation to net cash provided by operating activities:    
Depreciation and amortization 34.5 35.5
Amortization related to financing 1.5 0.3
Deferred income taxes (8.8) (0.6)
Equity in earnings from affiliated companies 1.1 (0.5)
Stock-based compensation 9.0 14.4
Merger and restructuring expenses, net of payments 1.5 12.6
Changes in assets and liabilities:    
Increase in accounts receivable (42.0) (42.0)
Increase in inventories (7.6) (26.4)
Increase in prepaid expenses and other current assets (6.8) (7.6)
Increase (decrease) in accounts payable/accrued liabilities 30.2 (18.8)
Other – net 0.2 (0.7)
Net cash (used for) provided by operating activities (1.2) 8.6
Cash flows from investing activities    
Capital expenditures (4.9) (27.2)
Net cash used for investing activities (4.9) (27.2)
Cash flows from financing activities    
Repayments of Euro term loan   (49.9)
Repayment of finance lease obligation and other debt, net (0.3) (0.1)
Dividends paid   (14.2)
Repurchase of stock   (24.6)
Activity under stock plans 0.8 (6.4)
Net cash (used for) provided by financing activities (13.5) 284.8
Effect of exchange rate changes on cash and cash equivalents (1.7) (1.3)
Net (decrease) increase in cash and cash equivalents (21.3) 264.9
Cash and cash equivalents at beginning of period 103.3 64.4
Cash and cash equivalents at end of period 82.0 329.3
Supplemental data:    
Accrual basis additions to plant, property and equipment 4.0 21.9
Senior unsecured credit facility - due 2024    
Cash flows from financing activities    
Borrowing from senior unsecured credit facility   392.0
Repayment of senior unsecured credit facility $ (14.0) $ (12.0)