XML 67 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Operating Activities      
Net income $ 105.7us-gaap_NetIncomeLoss $ 178.6us-gaap_NetIncomeLoss $ 149.6us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash and cash equivalents provided by (used for) operating activities:      
Earnings of non-consolidated affiliates (1.7)us-gaap_IncomeLossFromEquityMethodInvestments (2.8)us-gaap_IncomeLossFromEquityMethodInvestments (3.0)us-gaap_IncomeLossFromEquityMethodInvestments
Gain on disposition of non-consolidated affiliate 0us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal (6.5)us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal 0us-gaap_EquityMethodInvestmentRealizedGainLossOnDisposal
Gains on disposition of property, plant and equipment (1.1)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (0.4)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (2.1)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Stock-based compensation 5.1us-gaap_ShareBasedCompensation 8.8us-gaap_ShareBasedCompensation 6.2us-gaap_ShareBasedCompensation
Depreciation and amortization 139.1us-gaap_DepreciationDepletionAndAmortization 135.3us-gaap_DepreciationDepletionAndAmortization 110.9us-gaap_DepreciationDepletionAndAmortization
Deferred taxes 31.0us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 12.4us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 42.5us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Write-off of equipment and facility included in restructuring charges 3.3us-gaap_RestructuringCostsAndAssetImpairmentCharges 0us-gaap_RestructuringCostsAndAssetImpairmentCharges 0us-gaap_RestructuringCostsAndAssetImpairmentCharges
Qualified pension plan contributions (0.8)us-gaap_PensionContributions (1.0)us-gaap_PensionContributions (0.9)us-gaap_PensionContributions
Qualified pension plan income (28.5)olin_PensionIncomeExpense (24.1)olin_PensionIncomeExpense (24.8)olin_PensionIncomeExpense
Change in assets and liabilities:      
Receivables 25.8us-gaap_IncreaseDecreaseInReceivables 18.9us-gaap_IncreaseDecreaseInReceivables 1.2us-gaap_IncreaseDecreaseInReceivables
Income taxes receivable/payable (27.8)us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 0.4us-gaap_IncreaseDecreaseInIncomeTaxesReceivable 0.1us-gaap_IncreaseDecreaseInIncomeTaxesReceivable
Inventories (23.6)us-gaap_IncreaseDecreaseInInventories 8.6us-gaap_IncreaseDecreaseInInventories 17.9us-gaap_IncreaseDecreaseInInventories
Other current assets 1.7us-gaap_IncreaseDecreaseInPrepaidExpense 0.7us-gaap_IncreaseDecreaseInPrepaidExpense (0.1)us-gaap_IncreaseDecreaseInPrepaidExpense
Accounts payable and accrued liabilities (38.5)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 1.0us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (0.7)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Other assets 5.2us-gaap_IncreaseDecreaseInOtherOperatingAssets 1.3us-gaap_IncreaseDecreaseInOtherOperatingAssets 0.3us-gaap_IncreaseDecreaseInOtherOperatingAssets
Other noncurrent liabilities (33.2)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (14.5)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities (17.9)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Other operating activities (2.5)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 0.3us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 0us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net operating activities 159.2us-gaap_NetCashProvidedByUsedInOperatingActivities 317.0us-gaap_NetCashProvidedByUsedInOperatingActivities 279.2us-gaap_NetCashProvidedByUsedInOperatingActivities
Investing Activities      
Capital expenditures (71.8)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (90.8)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (255.7)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Business acquired in purchase transaction, net of cash acquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (310.4)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Proceeds from sale/leaseback of equipment 0us-gaap_SaleLeasebackTransactionGrossProceeds 35.8us-gaap_SaleLeasebackTransactionGrossProceeds 4.4us-gaap_SaleLeasebackTransactionGrossProceeds
Proceeds from disposition of property, plant and equipment 5.6us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 4.6us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 8.6us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Distributions from affiliated companies, net 0us-gaap_ProceedsFromContributionsFromAffiliates 1.5us-gaap_ProceedsFromContributionsFromAffiliates 1.3us-gaap_ProceedsFromContributionsFromAffiliates
Restricted cash activity, net 4.2us-gaap_IncreaseDecreaseInRestrictedCash 7.7us-gaap_IncreaseDecreaseInRestrictedCash 39.8us-gaap_IncreaseDecreaseInRestrictedCash
Other investing activities 0.3us-gaap_PaymentsForProceedsFromOtherInvestingActivities (2.6)us-gaap_PaymentsForProceedsFromOtherInvestingActivities (0.4)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net investing activities (61.7)us-gaap_NetCashProvidedByUsedInInvestingActivities (43.8)us-gaap_NetCashProvidedByUsedInInvestingActivities (512.4)us-gaap_NetCashProvidedByUsedInInvestingActivities
Long-term debt:      
Borrowings 150.0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt 0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt 200.0us-gaap_ProceedsFromIssuanceOfSeniorLongTermDebt
Repayments 162.4us-gaap_RepaymentsOfLongTermDebt 23.7us-gaap_RepaymentsOfLongTermDebt 19.9us-gaap_RepaymentsOfLongTermDebt
Fianncing portion of earn out payment - SunBelt (14.8)us-gaap_PaymentsOfMergerRelatedCostsFinancingActivities (17.1)us-gaap_PaymentsOfMergerRelatedCostsFinancingActivities (15.3)us-gaap_PaymentsOfMergerRelatedCostsFinancingActivities
Common stock repurchased and retired (64.8)us-gaap_PaymentsForRepurchaseOfCommonStock (36.2)us-gaap_PaymentsForRepurchaseOfCommonStock (3.1)us-gaap_PaymentsForRepurchaseOfCommonStock
Stock options exercised 6.6us-gaap_ProceedsFromStockOptionsExercised 8.8us-gaap_ProceedsFromStockOptionsExercised 1.3us-gaap_ProceedsFromStockOptionsExercised
Excess tax benefits from stock-based compensation 1.1us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1.6us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 0.7us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Dividends paid (63.0)us-gaap_PaymentsOfDividends (64.0)us-gaap_PaymentsOfDividends (64.1)us-gaap_PaymentsOfDividends
Deferred debt issuance costs (1.2)us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts (6.0)us-gaap_PaymentsOfDebtIssuanceCosts
Net financing activities (148.5)us-gaap_NetCashProvidedByUsedInFinancingActivities (130.6)us-gaap_NetCashProvidedByUsedInFinancingActivities 93.6us-gaap_NetCashProvidedByUsedInFinancingActivities
Net (decrease) increase in cash and cash equivalents (51.0)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 142.6us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (139.6)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of year 307.8us-gaap_CashAndCashEquivalentsAtCarryingValue 165.2us-gaap_CashAndCashEquivalentsAtCarryingValue 304.8us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of year 256.8us-gaap_CashAndCashEquivalentsAtCarryingValue 307.8us-gaap_CashAndCashEquivalentsAtCarryingValue 165.2us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid for interest and income taxes:      
Interest 36.8us-gaap_InterestPaidNet 37.2us-gaap_InterestPaidNet 27.5us-gaap_InterestPaidNet
Income taxes, net of refunds $ 49.0us-gaap_IncomeTaxesPaidNet $ 61.3us-gaap_IncomeTaxesPaidNet $ 28.4us-gaap_IncomeTaxesPaidNet