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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 61.1 $ 53.2
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 49.8 50.0
Deferred income taxes 7.4 3.9
Stock-based compensation 5.2 3.6
Pensions and other postretirement benefits, net of contributions (1.8) (0.7)
Loss on disposal of property, plant and equipment, net 0.6 0.0
Changes in operating assets and liabilities    
Accounts receivable (102.8) (140.6)
Inventories 2.5 7.2
Accounts payable and accrued expenses 48.4 52.5
Deferred revenue (4.2) (4.5)
Other assets and liabilities (40.0) (18.2)
Net cash provided by operating activities 26.2 6.4
Investing activities    
Purchases of property, plant and equipment (50.6) (43.6)
Proceeds from sale of property, plant and equipment 0.6 0.1
Net cash used in investing activities (50.0) (43.5)
Financing activities    
Payments of long-term debt and capital lease obligations (1.6) (2.2)
Proceeds from issuance of long-term debt 6.2 1.0
Purchase of treasury stock (3.5) (0.3)
Employee stock option exercises 0.0 0.4
Net cash provided by (used in) financing activities 1.1 (1.1)
Effect of exchange rate changes on cash 2.2 (5.3)
Net decrease in cash and cash equivalents (20.5) (43.5)
Cash and cash equivalents at beginning of period 282.5 249.2
Cash and cash equivalents at end of period 262.0 205.7
Supplemental cash flow information    
Interest paid 17.8 19.3
Income taxes paid, net of refunds $ 31.6 $ 5.5