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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities of continuing operations:    
Net income $ 28.7 $ 33.5
Less: Net loss from discontinued operations, net of income taxes (6.0) 0.0
Net income from continuing operations 34.7 33.5
Adjustments to reconcile net income from continuing operations to cash flows from operating activities of continuing operations:    
Depreciation and amortization 128.6 75.2
Amortization of debt discount and issuance costs 6.1 3.5
Stock-based compensation costs 12.0 0.3
Restructuring charges 0.5 0.0
Inventory obsolescence expense 1.2 2.5
Charge for expected credit losses 7.1 2.1
Deferred income taxes (2.6) (17.3)
Other non-cash items 1.5 (2.8)
Changes in operating assets and liabilities, net of effects of businesses acquired:    
Trade receivables (67.1) (61.3)
Inventories (45.7) (37.4)
Prepaid expenses and other current and non-current assets 34.6 7.3
Trade payables 13.9 34.2
Accruals and other current and non-current liabilities (86.0) (33.8)
Net cash provided by operating activities of continuing operations 38.8 6.0
Cash flows from investing activities of continuing operations:    
Purchases of property, plant and equipment (62.0) (23.5)
Purchases of intangible assets (7.5) (21.2)
Proceeds from sale of other assets 45.6 0.0
Proceeds from settlement of split-dollar life insurance contracts 0.0 3.0
Other investing activities 0.7 0.0
Net cash used in investing activities of continuing operations (23.2) (41.7)
Cash flows from financing activities of continuing operations:    
Proceeds from 2024 Incremental Term Loan, net of discount 0.0 392.0
2024 Incremental Term Loan debt issuance costs 0.0 (5.1)
Proceeds from borrowings from ABL Credit Facility 0.0 25.0
Repayment of Term Loans (7.7) (8.0)
Proceeds from borrowings of other debt 0.0 2.1
Principal repayment of other debt (1.3) (0.4)
Principal payment of finance leases (7.2) (0.8)
Financing fees (7.5) 0.0
Issuance of common stock 1.2 0.0
Common stock repurchased and cancelled (119.2) 0.0
Dividends paid to common stockholders (38.6) 0.0
Dividends paid to Sponsor Stockholder 0.0 (382.7)
Other financing activities (0.5) 0.0
Net cash (used in) provided by financing activities of continuing operations (180.8) 22.1
Cash flows from discontinued operations:    
Net cash provided by operating activities from discontinued operations 2.9 0.0
Net cash used in investing activities from discontinued operations (8.0) 0.0
Net cash provided by financing activities from discontinued operations 2.4 0.0
Net cash used in discontinuing operations (2.7) 0.0
Effect of exchange rates on cash, cash equivalents and restricted cash 0.5 (0.3)
Net decrease in cash, cash equivalents and restricted cash (167.4) (13.9)
Cash and cash equivalents and restricted cash, beginning of period 620.7 47.0
Cash and cash equivalents and restricted cash, end of period 453.3 33.1
Cash and cash equivalents and restricted cash of discontinued operations, end of period 3.6 0.0
Cash and cash equivalents and restricted cash of continuing operations, end of period 449.7 33.1
Supplemental disclosure of non-cash investing and financing activities:    
Purchases of property, plant and equipment and intangible assets included in trade payables and accruals and other current liabilities 33.0 17.4
Dividends payable issued through accounts payable and accrued liabilities 0.3 0.0
Financing lease right-of-use assets obtained in exchange for lease obligations 14.0 12.4
Operating lease right-of-use assets obtained in exchange for lease obligations 20.8 1.3
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of interest capitalized 87.1 65.2
Cash paid (refunds received) for income taxes $ 1.6 $ (1.1)