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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net income $ 41.7 $ 89.5
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 140.8 127.8
Deferred income taxes (17.4) 13.4
Stock-based compensation 5.5 6.7
Pensions and other postretirement benefits, net of contributions (3.4) 1.6
Loss on disposal of property, plant and equipment, net 0.2 0.4
Debt refinancing and redemption costs 0.0 10.3
Changes in operating assets and liabilities    
Accounts receivable (235.0) (191.0)
Inventories 6.9 (8.7)
Accounts payable and accrued expenses 40.8 60.8
Deferred revenue (5.3) (2.1)
Other assets and liabilities (55.0) (41.8)
Net cash provided by (used in) operating activities (80.2) 66.9
Investing activities    
Purchases of property, plant and equipment (124.2) (130.8)
Proceeds from sale of property, plant and equipment 0.3 0.4
Purchase buyouts of leased equipment 0.0 (0.5)
Acquisition of business 0.0 (1.3)
Net cash used in investing activities (123.9) (132.2)
Financing activities    
Payments of long-term debt and finance lease obligations (19.4) (396.9)
Proceeds from issuance of long-term debt 5.3 431.4
Debt issuance costs 0.0 (6.8)
Purchase of noncontrolling interest 0.0 (0.9)
Purchase of treasury stock (7.3) (3.5)
Net cash provided by (used in) financing activities (21.4) 23.3
Effect of exchange rate changes on cash 1.2 5.9
Net decrease in cash, cash equivalents and restricted cash (224.3) (36.1)
Cash, cash equivalents and restricted cash at beginning of period 478.9 376.8
Cash, cash equivalents and restricted cash at end of period 254.6 340.7
Supplemental cash flow information    
Interest paid 32.4 27.2
Income taxes paid, net of refunds $ 17.0 $ 11.2