XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
OPERATING ACTIVITIES:    
Net loss $ (24.0) $ (67.8)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation 57.0 64.7
Intangible amortization 63.1 74.7
Loss on early extinguishment of debt and related charges   26.5
Stock-based compensation expense 12.9 10.0
Deferred income taxes (2.7) 12.8
Goodwill impairment   20.9
Divestiture losses (gains), net 62.1 (5.1)
Asset impairments, loss (gain) on disposal of property plant and equipment and other charges 12.3 7.9
Other, net 4.0 0.9
Changes in operating assets and liabilities, net of the effects of acquisitions and divestitures:    
Accounts receivable 42.5 (14.0)
Prepaid expenses (17.6) (22.4)
Accounts payable (21.4) 3.6
Accrued liabilities (1.3) (50.6)
Other assets and liabilities 20.4 8.9
Net cash from operating activities 207.3 71.0
INVESTING ACTIVITIES:    
Capital expenditures (74.6) (108.2)
Payments for acquisitions, net of cash acquired   (0.3)
Proceeds from divestiture of businesses 427.7 13.6
Other, net (0.8) 1.8
Net cash from investing activities 352.3 (93.1)
FINANCING ACTIVITIES:    
Repayments of long-term debt and other obligations (16.9) (21.1)
Proceeds from foreign bank debt 0.6 9.0
Repayments of foreign bank debt (2.9) (4.5)
Proceeds from term loan   365.0
Repayment of term loan (388.1) (23.8)
Repayment of private placement of long-term note   (1,075.0)
Proceeds from senior notes   600.0
Proceeds from senior credit facility 608.1 933.9
Repayment of senior credit facility (745.6) (731.5)
Repayments of bank overdrafts, net (1.6) (12.1)
Payments of capital lease obligations (2.1) (1.3)
Payments of debt issuance costs (1.4) (8.8)
Proceeds from issuance of common stock, net of (payments of) taxes from withheld shares (1.1) 13.9
Payments on early extinguishment of debt   (20.4)
Net cash from financing activities (551.0) 23.3
Effect of exchange rate changes on cash and cash equivalents (1.3) (1.0)
Net change in cash and cash equivalents 7.3 0.2
Cash and cash equivalents at beginning of period 34.7 34.3
Cash and cash equivalents at end of period 42.0 34.5
SUPPLEMENTAL CASH FLOW INFORMATION:    
Net issuances of obligations for acquisitions   0.3
Capital expenditures in accounts payable 9.0 30.6
Interest paid during the period, net of capitalized interest 45.5 48.8
Income taxes paid during the period, net of refunds $ 0.6 $ 6.5