XML 16 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net income before non-controlling interests $ 85.4 $ 94.9
Loss from discontinued operations, net of tax 10.9 13.0
Depreciation and amortization    
Depreciation and amortization 65.2 60.1
Amortization of stock-based compensation 19.6 8.5
Amortization of deferred financing costs 1.8 1.6
Bad debt expense 9.7 9.0
Deferred income taxes 9.2 (17.1)
Dividends received from unconsolidated affiliates 13.0 8.7
Equity income in earnings of unconsolidated affiliates (11.5) (10.6)
Loss on disposal of assets 2.2 1.7
Foreign currency adjustments and other (2.4) (2.1)
Changes in operating assets and liabilities (72.5) 48.9
Net cash provided by operating activities from continuing operations 130.6 216.6
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of property, plant and equipment (55.8) (43.1)
Other 0.3 0.9
Net cash used in investing activities from continuing operations (55.5) (42.2)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from borrowings under long-term debt obligations 863.0 985.9
Repayments of borrowings under long-term debt obligations (922.7) (1,124.7)
Proceeds from exercise of stock options 4.2 6.5
Treasury stock repurchased (3.5) (44.9)
Payments of deferred financing costs 0.0 (0.5)
Other (4.7) (2.9)
Net cash used in financing activities from continuing operations (63.7) (180.6)
Net cash provided by (used in) continuing operations 11.4 (6.2)
CASH USED IN DISCONTINUED OPERATIONS    
Operating cash flows (17.6) (14.1)
Investing cash flows (0.2) 3.7
Financing cash flows 0.0 0.0
Net cash used in discontinued operations (17.8) (10.4)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (2.1) (7.3)
Increase (decrease) in cash and cash equivalents (8.5) (23.9)
CASH AND CASH EQUIVALENTS, beginning of period 41.9 65.7
CASH AND CASH EQUIVALENTS, end of period 33.4 41.8
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS (1.3) (2.2)
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS 32.1 39.6
Cash paid during the period for:    
Interest 54.0 50.6
Income taxes, net of refunds $ 22.0 $ 44.2