XML 18 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net income before non-controlling interests $ 83.0 $ 70.1
Loss from discontinued operations, net of tax 1.1 1.6
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 47.5 43.5
Amortization of stock-based compensation 14.8 13.2
Amortization of deferred financing costs 1.7 1.2
Bad debt expense 26.5 4.6
Deferred income taxes (6.6) 8.8
Dividends received from unconsolidated affiliates 1.5 2.3
Equity income in earnings of unconsolidated affiliates (4.8) (6.5)
Foreign currency adjustments and other 1.0 (6.3)
Changes in operating assets and liabilities, net of effect of business acquisitions 4.7 (86.6)
Net cash provided by operating activities from continuing operations 170.4 45.9
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of property, plant and equipment (49.4) (39.9)
Acquisitions, net of cash acquired (37.9) (17.1)
Other 0.1 10.3
Net cash used in investing activities from continuing operations (87.2) (46.7)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from borrowings under long-term debt obligations 1,073.9 509.2
Repayments of borrowings under long-term debt obligations (866.9) (509.8)
Proceeds from exercise of stock options 1.5 5.5
Treasury stock repurchased (199.5) (5.5)
Payments of deferred financing costs (1.6) (0.1)
Repayments of finance lease obligations and other (6.0) (3.3)
Net cash provided by (used in) financing activities from continuing operations 1.4 (4.0)
Net cash provided by (used in) continuing operations 84.6 (4.8)
CASH USED IN DISCONTINUED OPERATIONS    
Operating cash flows (1.0) (2.0)
Investing cash flows 0.0 0.0
Financing cash flows 0.0 0.0
Net cash used in discontinued operations (1.0) (2.0)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (1.7) (0.7)
Increase (decrease) in cash and cash equivalents 81.9 (7.5)
CASH AND CASH EQUIVALENTS, beginning of period 64.9 45.8
CASH AND CASH EQUIVALENTS, end of period 146.8 38.3
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS 0.0 0.0
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS 146.8 38.3
Cash paid during the period for:    
Interest 41.1 45.9
Income taxes, net of refunds $ 7.2 $ 35.2