XML 17 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income before non-controlling interest $ 59.0 $ 46.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36.0 36.6
Amortization of stock-based compensation 10.6 11.7
Amortization of deferred financing costs 2.5 4.5
Bad debt expense 1.8 3.0
Deferred income taxes (0.9) (14.7)
Dividends received from unconsolidated affiliates 3.6 1.9
Equity income in earnings of unconsolidated affiliates (6.2) (6.4)
Non-cash interest expense on convertible notes 3.6 2.6
Loss on extinguishment of debt 47.2 0.0
Loss on sale of assets 0.5 0.8
Foreign currency adjustments and other (1.2) 2.4
Changes in operating assets and liabilities (104.6) (87.3)
Net cash provided by operating activities 51.9 1.1
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (24.3) (34.0)
Proceeds from disposition of business and other 0.0 7.1
Net cash used in investing activities (24.3) (26.9)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under long-term debt obligations 1,435.3 283.0
Repayments of borrowings under long-term debt obligations (1,230.4) (311.5)
Proceeds from exercise of stock options 6.0 10.5
Excess tax benefit from stock-based compensation 3.0 14.7
Treasury stock repurchased (217.3) (1.2)
Payments of deferred financing costs (6.2) 0.0
Fees paid to lenders (7.8) 0.0
Call premium on 2020 Senior Notes (23.6) 0.0
Other 0.4 (1.2)
Net cash used in financing activities (40.6) (5.7)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (3.0) 4.4
Decrease in cash and cash equivalents (16.0) (27.1)
CASH AND CASH EQUIVALENTS, beginning of period 153.9 62.5
CASH AND CASH EQUIVALENTS, end of period 137.9 35.4
Cash paid during the period for:    
Interest 36.5 33.1
Income taxes, net of refunds $ 40.4 $ 58.2