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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net loss $ (126.0) $ (265.4)
Income (loss) from discontinued operations, net of tax 0.9 (9.8)
Loss from continuing operations, net of tax (126.9) (255.6)
Adjustments to reconcile net loss from continuing operations to net cash used by operating activities:    
Depreciation 27.9 30.2
Amortization 12.1 13.1
Provision for doubtful accounts 34.6 52.7
Provision for obsolescence 13.9 21.4
Share-based compensation 3.3 18.6
Foreign exchange (gains) losses (5.2) 9.2
Deferred income taxes 5.4 14.9
Impairment loss on assets 0.0 0.7
Gain on sale of business / assets 0.0 (0.1)
Other (0.6) 13.2
Changes in assets and liabilities:    
Accounts receivable (33.5) 36.8
Inventories (49.6) (52.6)
Prepaid expenses and other 1.0 (12.0)
Accounts payable and accrued liabilities (80.9) (191.7)
Income and other taxes (8.9) (23.7)
Noncurrent assets and liabilities (9.5) (15.8)
Net cash used by operating activities of continuing operations (216.9) (340.7)
Cash Flows from Investing Activities    
Capital expenditures (31.4) (21.1)
Disposal of assets 1.6 1.1
Net proceeds from sale of business / assets 0.0 10.0
Other investing activities 0.0 0.4
Net cash used by investing activities of continuing operations (29.8) (9.6)
Cash Flows from Financing Activities    
Cash dividends 0.0 (8.6)
Debt, net (maturities of three months or less) (10.3) 10.1
Proceeds from debt 209.4 20.0
Repayment of debt (48.0) (0.2)
Repurchase of common stock 0.0 (0.4)
Settlement of stock options 0.0 (25.8)
Settlement of derivative contracts (5.2) 16.5
Net cash provided by financing activities of continuing operations 145.9 11.6
Net cash used by operating activities of discontinued operations (6.8) (8.4)
Net cash used by discontinued operations (6.8) (8.4)
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (11.5) (17.4)
Net decrease in cash and cash equivalents, and restricted cash (119.1) (364.5)
Cash and cash equivalents, and restricted cash at beginning of year 373.4 661.1
Cash and cash equivalents, and restricted cash at end of period $ 254.3 $ 296.6