XML 19 R6.htm IDEA: XBRL DOCUMENT v3.20.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Cash flows from operating activities:    
Net income $ 30.9 $ 36.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion and amortization 59.3 61.3
Non-cash asset impairment charges 1.3 0.1
Non-cash pension settlement charges (income) 8.5 (0.1)
Loss (gain) on disposals of properties, plants and equipment, net 1.6 (0.5)
Gain on disposals of businesses, net (0.1) 0.0
Deferred income tax benefit (1.9) (7.0)
Non-cash lease expense 14.4 14.9
Other, net 1.9 0.2
Increase (decrease) in cash from changes in certain assets and liabilities:    
Trade accounts receivable (30.8) 21.5
Inventories (35.5) (17.0)
Accounts payable 13.7 (32.2)
Restructuring reserves (2.4) (1.5)
Operating leases (9.9) 0.0
Pension and post-retirement benefit liabilities (6.1) (6.1)
Other, net (33.4) (50.2)
Net cash provided by operating activities 11.5 19.5
Cash flows from investing activities:    
Purchases of properties, plants and equipment (27.4) (37.5)
Purchases of and investments in timber properties (1.0) (1.6)
Collections of receivables held in special purpose entities 50.9 0.0
Payments for issuance of loans receivable (15.0) 0.0
Other (3.3) 1.5
Net cash provided by (used in) investing activities 4.2 (37.6)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 384.5 429.0
Payments on long-term debt (353.5) (311.4)
Proceeds (payments) on short-term borrowings, net 16.8 (3.7)
Proceeds from trade accounts receivable credit facility 11.2 2.5
Payments on trade accounts receivable credit facility (18.3) (57.9)
Payments for liabilities held in special purpose entities (43.3) 0.0
Dividends paid to Greif, Inc. shareholders (25.9) (25.9)
Dividends paid to noncontrolling interests (1.5) (0.8)
Net cash provided by (used in) financing activities (30.0) 31.8
Effects of exchange rates on cash 9.8 (0.2)
Net increase (decrease) in cash and cash equivalents (4.5) 13.5
Cash and cash equivalents at beginning of period 105.9 77.3
Cash and cash equivalents at end of period $ 101.4 $ 90.8