XML 38 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net income (loss) $ (501.2) $ 41.7
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 129.6 140.8
Impairment charge 510.0 0.0
Deferred income taxes 36.0 (17.4)
Stock-based compensation 4.6 5.5
Pensions and other postretirement benefits, net of contributions (1.8) (3.4)
Loss on disposal of property, plant and equipment, net 5.1 0.2
Debt refinancing and redemption costs 1.5 0.0
Changes in operating assets and liabilities    
Accounts receivable 11.3 (235.0)
Inventories (27.1) 6.9
Accounts payable and accrued expenses 12.7 40.8
Deferred revenue (1.9) (5.3)
Other assets and liabilities (39.4) (55.0)
Net cash provided by (used in) operating activities 139.4 (80.2)
Investing activities    
Purchases of property, plant and equipment (69.7) (124.2)
Proceeds from sale of property, plant and equipment 0.5 0.3
Net cash used in investing activities (69.2) (123.9)
Financing activities    
Payments of long-term debt (113.3) (19.4)
Proceeds from issuance of long-term debt 2.4 5.3
Purchase of treasury stock (2.4) (7.3)
Proceeds from Revolving Credit Facility 200.0 0.0
Other financing activities 1.0 0.0
Net cash provided by (used in) financing activities 87.7 (21.4)
Effect of exchange rate changes on cash (7.2) 1.2
Net increase (decrease) in cash, cash equivalents and restricted cash 150.7 (224.3)
Cash, cash equivalents and restricted cash at beginning of period 532.0 478.9
Cash, cash equivalents and restricted cash at end of period 682.7 254.6
Supplemental cash flow information    
     Interest paid 34.1 32.4
     Income taxes paid, net of refunds $ 4.2 $ 17.0