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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:      
Net income before non-controlling interests $ 349.8 $ 189.4 $ 97.6
Loss from discontinued operations, net of tax 0.0 1.4 17.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 98.0 89.7 87.1
Amortization of stock-based compensation 104.5 26.8 24.8
Amortization of deferred financing costs 3.2 2.4 2.3
Bad debt expense 35.8 29.3 31.3
Charitable stock donation 0.0 8.9 0.0
Deferred income taxes (8.6) (7.1) 6.0
Dividends received from unconsolidated affiliates 19.3 13.4 14.8
Equity income in earnings of unconsolidated affiliates (16.4) (15.9) (17.6)
Loss on extinguishment of debt 2.3 0.0 0.0
Loss on sale of assets (1.7) 1.0 3.3
Foreign currency adjustments and other (0.5) (5.2) (2.1)
Changes in operating assets and liabilities, net of effect of business acquisitions:      
Accounts receivable (55.7) (76.0) (46.3)
Inventories (42.5) (28.2) (44.6)
Prepaid expenses and other assets (19.4) 11.3 (14.4)
Operating leases, net 21.9 8.6 0.0
Accounts payable 63.0 (4.8) 28.7
Accrued expenses and other liabilities 90.5 67.3 43.2
Income taxes, net 11.2 2.5 (24.4)
Net cash provided by operating activities from continuing operations 654.7 314.8 207.5
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:      
Purchases of property, plant and equipment (111.3) (88.2) (73.6)
Acquisitions, net of cash acquired (41.2) (17.1) 0.0
Other 5.9 15.1 2.4
 Net cash used in investing activities from continuing operations (146.6) (90.2) (71.2)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:      
Proceeds from borrowings under long-term debt obligations 1,175.8 1,242.8 1,094.9
Repayments of borrowings under long-term debt obligations (1,360.3) (1,347.1) (1,195.8)
Proceeds from exercise of stock options 6.9 17.8 4.6
Treasury stock repurchased (331.8) (105.7) (4.6)
Payment of deferred financing costs (1.3) (3.2) 0.0
Repayments of finance lease obligations and other (11.9) (7.8) (6.1)
Net cash used in financing activities from continuing operations (522.6) (203.2) (107.0)
Net cash (used in) provided by continuing operations (14.5) 21.4 29.3
CASH PROVIDED BY (USED IN) DISCONTINUED OPERATIONS      
Operating cash flows 0.3 (2.0) (24.4)
Investing cash flows 0.0 0.0 2.1
Net cash provided by (used in) discontinued operations 0.3 (2.0) (22.3)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 14.3 (0.3) (3.1)
Increase in cash and cash equivalents 0.1 19.1 3.9
CASH AND CASH EQUIVALENTS, beginning of period 64.9 45.8 41.9
CASH AND CASH EQUIVALENTS, end of period 65.0 64.9 45.8
Cash paid during the period for:      
Interest 79.0 89.0 91.8
Income taxes, net of refunds $ 93.8 $ 73.8 $ 32.5