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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities    
Net income (loss) $ 55.7 $ (70.4)
Adjustments to reconcile net income (loss) to net cash (used) provided by operating activities:    
Depreciation 61.1 63.4
Amortization 20.3 22.2
Provision for doubtful accounts 126.9 168.5
Provision for obsolescence 22.5 27.7
Share-based compensation 9.5 22.0
Foreign exchange losses 12.5 12.0
Deferred income taxes (28.5) 15.4
Revaluation of Argentinian monetary assets and liabilities (8.5) 0.0
Brazil IPI tax release (194.7) 0.0
Other [1] 14.2 37.0
Changes in assets and liabilities:    
Accounts receivable (93.4) (170.1)
Inventories (131.8) (71.6)
Prepaid expenses and other (38.2) 18.0
Accounts payable and accrued liabilities (30.7) (51.1)
Income and other taxes 74.1 (15.3)
Noncurrent assets and liabilities 60.7 27.3
Net cash (used) provided by operating activities of continuing operations (68.3) 35.0
Cash Flows from Investing Activities    
Capital expenditures (71.0) (66.7)
Disposal of assets 2.3 3.3
Dividend received from New Avon 0.0 22.0
Other investing activities (3.3) (0.1)
Net cash used by investing activities of continuing operations (72.0) (41.5)
Cash Flows from Financing Activities    
Debt, net (maturities of three months or less) (6.8) (0.7)
Repayment of debt (238.9) (2.3)
Repurchase of common stock (3.1) (6.6)
Other financing activities [1] (6.3) (0.2)
Net cash used by financing activities of continuing operations (255.1) (9.8)
Cash Flows from Discontinued Operations    
Net cash used by operating activities of discontinued operations 0.0 (7.5)
Net cash used by discontinued operations 0.0 (7.5)
Effect of exchange rate changes on cash and cash equivalents (33.5) 33.2
Net (decrease) increase in cash and cash equivalents (428.9) 9.4
Cash and cash equivalents at beginning of year 881.5 654.4
Cash and cash equivalents at end of period $ 452.6 $ 663.8
[1] In our second quarter 2018 Form 10-Q, our Consolidated Statements of Cash Flows presented the payment of a make-whole premium of $6.2, relating to the prepayment of our 6.50% Notes, within cash flows from operating activities; however, this amount should have been presented within cash flows from financing activities. This has been reclassified to cash flows from financing activities for the nine months ended September 30, 2018.