XML 18 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net income before non-controlling interest $ 28.6 $ 22.8
Loss from discontinued operations, net of tax 0.4 2.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21.5 20.8
Amortization of stock-based compensation 6.6 6.3
Non-cash lease expense 0.8 0.0
Amortization of deferred financing costs 0.6 0.6
Bad debt expense 1.6 1.3
Deferred income taxes (1.8) 0.1
Dividends received from unconsolidated affiliates 1.3 1.6
Equity income in earnings of unconsolidated affiliates (2.9) (3.9)
Loss on disposal of assets 0.2 0.2
Foreign currency adjustments and other (6.7) (3.9)
Changes in operating assets and liabilities (45.6) (47.8)
Net cash provided by operating activities from continuing operations 4.6 0.9
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of property, plant and equipment (19.1) (21.8)
Debtor-in-possession financing arrangement (9.5) 0.0
Other 8.3 4.2
Net cash used in investing activities from continuing operations (20.3) (17.6)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from borrowings under long-term debt obligations 212.6 417.1
Repayments of borrowings under long-term debt obligations (198.7) (394.8)
Proceeds from exercise of stock options 2.4 1.9
Treasury stock repurchased (3.7) (2.9)
Other (1.6) (1.8)
Net cash provided by financing activities from continuing operations 11.0 19.5
Net cash (used in) provided by continuing operations (4.7) 2.8
CASH USED IN DISCONTINUED OPERATIONS    
Operating cash flows (0.7) (10.6)
Investing cash flows 0.0 0.0
Financing cash flows 0.0 0.0
Net cash used in discontinued operations (0.7) (10.6)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (0.8) 0.4
Decrease in cash and cash equivalents (6.2) (7.4)
CASH AND CASH EQUIVALENTS, beginning of period 45.8 41.9
CASH AND CASH EQUIVALENTS, end of period 39.6 34.5
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS 0.0 (1.1)
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS 39.6 33.4
Cash paid during the period for:    
Interest 8.1 7.7
Income taxes, net of refunds $ 7.6 $ 9.4