XML 25 R7.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING ACTIVITIES:      
Net income (loss) $ 56.5 $ (26.8) $ (55.9)
Adjustments to reconcile net income (loss) to net cash from operating activities:      
Depreciation 108.5 106.0 108.6
Intangible amortization 124.0 117.9 124.9
Stock-based compensation expense 25.1 27.1 25.5
Deferred income taxes 20.6 29.7 32.6
Divestiture (gains) losses, net (15.6) (1.7) 123.6
Asset impairments, loss on disposal of property plant and equipment and other charges 5.7 6.7 18.3
Other, net 7.5 5.1 5.1
Changes in operating assets and liabilities:      
Accounts receivable (12.9) (57.2) 27.4
Prepaid expenses 12.0 17.0 68.9
Accounts payable (2.6) 29.7 (5.5)
Accrued liabilities (92.7) 85.2 8.2
Other assets and liabilities (35.9) (35.6) 48.5
Net cash from operating activities 200.2 303.1 530.2
INVESTING ACTIVITIES:      
Capital expenditures (132.2) (116.9) (119.5)
Payment for acquisition 0.0 (10.5) 0.0
Proceeds from divestitures of businesses, net 46.7 35.0 498.9
Other, net 0.9 2.3 2.0
Net cash from investing activities (84.6) (90.1) 381.4
FINANCING ACTIVITIES:      
Repayments of long-term debt and other obligations (12.0) (20.4) (31.1)
Proceeds from foreign bank debt 1.6 0.0 1.8
Repayments of foreign bank debt (1.8) (29.6) (10.7)
Repayments of term loan 0.0 (222.5) (749.7)
Proceeds from senior debt 0.0 0.0 500.0
Proceeds from credit facility 1,368.8 1,495.0 1,210.6
Repayments of credit facility (1,459.6) (1,420.2) (1,798.3)
Proceeds from bank overdrafts, net 1.4 1.9 (1.7)
Payments of finance lease obligations (3.1) (3.9) (4.3)
Payments of debt issuance costs (0.4) (3.9) (7.3)
Proceeds from issuance of common stock, net of (payments of) taxes from withheld shares (5.6) (3.4) (0.4)
Payments to noncontrolling interests (0.3) (0.9) (1.4)
Net cash from financing activities (111.0) (207.9) (892.5)
Effect of exchange rate changes on cash and cash equivalents (4.2) (2.8) (0.5)
Net change in cash and cash equivalents 0.4 2.3 18.6
Cash and cash equivalents at beginning of year 55.6 53.3 34.7
Cash and cash equivalents at end of year 56.0 55.6 53.3
SUPPLEMENTAL CASH FLOW INFORMATION:      
Net issuances of obligations for acquisition 0.0 32.9 0.0
Capital expenditures in accounts payable 30.2 22.2 11.7
Interest paid, net of capitalized interest 72.6 57.0 75.5
Income taxes refunded $ (1.1) $ (7.8) $ (83.7)