XML 22 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Adjustments to reconcile net income (loss) to net cash provided by operating activities      
Net income (loss) $ (56.8) $ 337.5 $ 240.7
Depreciation and amortization 528.8 428.5 201.8
Impairment of property, plant and equipment 30.0 1.5 3.4
Impairment of goodwill 485.5 0.0 0.0
Deferred income taxes (35.0) (154.2) 33.2
Stock-based compensation 27.9 43.4 21.0
Pensions and other postretirement benefits, net of contributions (9.9) (6.0) (12.6)
Gain on sale of business (15.5) 0.0 0.0
(Gain) loss on disposal of property, plant and equipment, net (3.2) 1.6 4.3
Debt refinancing and redemption costs and (gain) on settlement of capital lease (4.0) (3.5) 0.0
Changes in operating assets and liabilities, net of amounts acquired or disposed      
Accounts receivable 56.1 (44.9) (19.3)
Inventories (83.1) 2.5 12.2
Accounts payable and accrued expenses 7.5 (12.6) (14.2)
Deferred revenue 10.7 14.8 7.2
Other assets and liabilities (175.5) 31.4 (70.1)
Net cash provided by operating activities 771.5 647.0 407.6
Investing activities      
Purchases of property, plant and equipment (524.7) (477.7) (223.0)
Proceeds from sale of property, plant and equipment 4.9 2.5 1.7
Purchase buyouts of leased equipment (0.5) (13.3) (4.6)
Proceeds from sale of business, net 47.1 5.9 0.0
Acquisition of business, net of cash acquired (1.3) (895.5) (5.6)
Investment in affiliates (3.7) 0.0 0.0
Other, net 0.0 0.0 3.8
Net cash used in investing activities (478.2) (1,378.1) (227.7)
Financing activities      
Net short-term proceeds from credit facilities 0.0 4.4 0.0
Proceeds from issuance of long-term debt 509.6 2,862.7 30.3
Payments of long-term debt, capital lease obligations and other (681.2) (2,154.4) (7.0)
Debt issuance costs (6.9) (91.0) 0.0
Purchase of noncontrolling interest (2.3) 0.0 0.0
Employee stock option exercises 0.0 0.9 0.3
Purchase of treasury stock (3.7) (7.0) (5.2)
Net cash provided by (used in) financing activities (184.5) 615.6 18.4
Effect of exchange rate changes on cash (6.7) 11.1 0.4
Net increase (decrease) in cash, cash equivalents and restricted cash 102.1 (104.4) 198.7
Cash, cash equivalents and restricted cash 478.9 376.8 481.2
Supplemental cash flow information      
Interest paid 199.7 182.7 87.2
Income taxes paid, net 46.0 31.9 48.6
Non-cash investing activities: AAM common shares issued for acquisition of MPG $ 0.0 $ 576.7 $ 0.0