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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES      
Net income $ 251.5 $ 165.7 $ 114.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 27.6 31.4 31.3
Amortization of intangibles 12.1 13.7 15.2
(Gain) on sale of asset, loss on disposal and impairment of long-lived asset (0.2) 1.4 4.0
Stock-based compensation 18.4 22.9 12.7
Deferred income tax (29.6) (8.2) 7.0
Changes in operating assets and liabilities:      
Accounts receivable (20.0) (30.2) 32.2
Inventories (16.4) (113.7) 18.7
Prepaid expenses and other assets 1.9 (0.8) 0.7
Accounts payable, accrued expenses and other liabilities (21.3) 98.6 (7.3)
Net cash provided by operating activities 224.0 180.8 228.8
INVESTING ACTIVITIES      
Additions to property, plant and equipment (28.1) (26.7) (43.8)
Proceeds from the sale of property, plant and equipment 5.2 5.1 2.2
Proceeds from the sale of business, and other     2.0
Business acquisitions, net of cash acquired   (9.1) (15.2)
Net cash used in investing activities (22.9) (30.7) (54.8)
FINANCING ACTIVITIES      
Proceeds from long-term borrowings 85.0 40.0 407.5
Payments of long-term debt (80.0) (95.0) (517.5)
Payments for withholding taxes on vested awards (13.3) (9.6) (7.8)
Payments for finance leases and other (4.7) (1.4) (2.1)
Proceeds from share transactions under employee stock plans 0.2 0.1 0.5
Debt issuance costs   (2.4) (2.2)
Payments to repurchase common stock (69.4) (16.0) (28.9)
Dividends (39.5) (34.3) (31.4)
Net cash used in financing activities (121.7) (118.6) (181.9)
Effect of exchange rate changes on cash and cash equivalents (10.6) (8.4) 7.1
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 68.8 23.1 (0.8)
Cash and cash equivalents at beginning of year 242.0 218.9 219.7
CASH AND CASH EQUIVALENTS AT END OF YEAR 310.8 242.0 218.9
Acquisition of businesses:      
Fair value of assets acquired   12.1 20.4
Cash paid, net of cash acquired   9.1 15.2
Liabilities assumed   3.1 5.2
Issuance of stock under management stock purchase plan 0.4 0.6 0.6
CASH PAID FOR:      
Interest 5.7 6.9 12.2
Income taxes $ 85.8 $ 73.0 $ 45.6