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Condensed consolidating financial information (Tables) | 9 Months Ended
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Sep. 30, 2018
Condensed Financial Information Disclosure [Abstract] |
Condensed Consolidating Statements of Comprehensive Income (Loss) |
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the three months ended September 30, 2018
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 110.8 |  |  | $ | 194.5 |  |  | $ | — |  |  | $ | 305.3 |
Other customers | — |  |  | 175.8 |  |  | 0.7 |  |  | — |  |  | 176.5 |
Total net sales | — |  |  | 286.6 |  |  | 195.2 |  |  | — |  |  | 481.8 |
Cost of goods sold | — |  |  | 301.5 |  |  | 192.1 |  |  | — |  |  | 493.6 |
Gross profit (loss) | — |  |  | (14.9 | ) |  | 3.1 |  |  | — |  |  | (11.8 | )
Selling, general and administrative expenses | 8.4 |  |  | — |  |  | 0.4 |  |  | — |  |  | 8.8 |
Helguvik (gains) losses | — |  |  | — |  |  | (4.5 | ) |  | — |  |  | (4.5 | )
Other operating (income) expense - net | — |  |  | — |  |  | (0.5 | ) |  | — |  |  | (0.5 | )
Operating income (loss) | (8.4 | ) |  | (14.9 | ) |  | 7.7 |  |  | — |  |  | (15.6 | )
Interest expense | (5.0 | ) |  | (0.4 | ) |  | (0.2 | ) |  | — |  |  | (5.6 | )
Intercompany interest | 9.3 |  |  | 2.4 |  |  | (11.7 | ) |  | — |  |  | — |
Interest income | 0.1 |  |  | — |  |  | 0.3 |  |  | — |  |  | 0.4 |
Net gain (loss) on forward and derivative contracts | (0.2 | ) |  | 0.4 |  |  | 0.6 |  |  | — |  |  | 0.8 |
Other income (expense) - net | — |  |  | — |  |  | 0.7 |  |  | — |  |  | 0.7 |
Income (loss) before income taxes and equity in earnings of joint ventures | (4.2 | ) |  | (12.5 | ) |  | (2.6 | ) |  | — |  |  | (19.3 | )
Income tax (expense) benefit | 0.5 |  |  | — |  |  | (2.2 | ) |  | — |  |  | (1.7 | )
Income (loss) before equity in earnings of joint ventures | (3.7 | ) |  | (12.5 | ) |  | (4.8 | ) |  | — |  |  | (21.0 | )
Equity in earnings (loss) of joint ventures | (16.6 | ) |  | 2.8 |  |  | 0.7 |  |  | 13.8 |  |  | 0.7 |
Net income (loss) | (20.3 | ) |  | (9.7 | ) |  | (4.1 | ) |  | 13.8 |  |  | (20.3 | )
Other comprehensive income (loss) before income tax effect | 0.5 |  |  | 0.5 |  |  | 0.4 |  |  | (0.9 | ) |  | 0.5 |
Income tax effect | (0.4 | ) |  | — |  |  | — |  |  | — |  |  | (0.4 | )
Other comprehensive income (loss) | 0.1 |  |  | 0.5 |  |  | 0.4 |  |  | (0.9 | ) |  | 0.1 |
Total comprehensive income (loss) | $ | (20.2 | ) |  | $ | (9.2 | ) |  | $ | (3.7 | ) |  | $ | 12.9 |  |  | $ | (20.2 | )
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the three months ended September 30, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 138.2 |  |  | $ | 161.0 |  |  | $ | — |  |  | $ | 299.2 |
Other customers | — |  |  | 101.4 |  |  | 0.0 |  |  | — |  |  | 101.4 |
Total net sales | — |  |  | 239.6 |  |  | 161.0 |  |  | — |  |  | 400.6 |
Cost of goods sold | — |  |  | 220.7 |  |  | 138.5 |  |  | — |  |  | 359.2 |
Gross profit (loss) | — |  |  | 18.9 |  |  | 22.5 |  |  | — |  |  | 41.4 |
Selling, general and administrative expenses | 13.7 |  |  | — |  |  | 0.3 |  |  | — |  |  | 14.0 |
Ravenswood (gains) losses | — |  |  | — |  |  | (5.5 | ) |  | — |  |  | (5.5 | )
Other operating (income) expense - net | — |  |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |
Operating income (loss) | (13.7 | ) |  | 18.9 |  |  | 27.3 |  |  | — |  |  | 32.5 |
Interest expense | (5.1 | ) |  | (0.4 | ) |  | 0.0 |  |  | — |  |  | (5.5 | )
Intercompany interest | 8.9 |  |  | 2.2 |  |  | (11.1 | ) |  | — |  |  | — |
Interest income | 0.2 |  |  | — |  |  | 0.2 |  |  | — |  |  | 0.4 |
Net gain (loss) on forward and derivative contracts | — |  |  | (3.9 | ) |  | 0.0 |  |  | — |  |  | (3.9 | )
Other income (expense) - net | — |  |  | 0.0 |  |  | 0.4 |  |  | — |  |  | 0.4 |
Income (loss) before income taxes and equity in earnings of joint ventures | (9.7 | ) |  | 16.8 |  |  | 16.8 |  |  | — |  |  | 23.9 |
Income tax (expense) benefit | 0.0 |  |  | — |  |  | (3.3 | ) |  | — |  |  | (3.3 | )
Income (loss) before equity in earnings of joint ventures | (9.7 | ) |  | 16.8 |  |  | 13.5 |  |  | — |  |  | 20.6 |
Equity in earnings (loss) of joint ventures | 30.5 |  |  | 1.4 |  |  | 0.2 |  |  | (31.9 | ) |  | 0.2 |
Net income (loss) | 20.8 |  |  | 18.2 |  |  | 13.7 |  |  | (31.9 | ) |  | 20.8 |
Other comprehensive income (loss) before income tax effect | 1.4 |  |  | 1.0 |  |  | 0.3 |  |  | (1.3 | ) |  | 1.4 |
Income tax effect | (0.4 | ) |  | — |  |  | 0.0 |  |  | 0.0 |  |  | (0.4 | )
Other comprehensive income (loss) | 1.0 |  |  | 1.0 |  |  | 0.3 |  |  | (1.3 | ) |  | 1.0 |
Total comprehensive income (loss) | $ | 21.8 |  |  | $ | 19.2 |  |  | $ | 14.0 |  |  | $ | (33.2 | ) |  | $ | 21.8 |
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the nine months ended September 30, 2018
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 315.1 |  |  | $ | 569.1 |  |  | $ | — |  |  | $ | 884.2 |
Other customers | — |  |  | 519.1 |  |  | 3.0 |  |  | — |  |  | 522.1 |
Total net sales | — |  |  | 834.2 |  |  | 572.1 |  |  | — |  |  | 1,406.3 |
Cost of goods sold | — |  |  | 821.1 |  |  | 548.8 |  |  | — |  |  | 1,369.9 |
Gross profit (loss) | — |  |  | 13.1 |  |  | 23.3 |  |  | — |  |  | 36.4 |
Selling, general and administrative expenses | 29.8 |  |  | — |  |  | 1.7 |  |  | — |  |  | 31.5 |
Helguvik (gains) losses | — |  |  | — |  |  | (4.5 | ) |  | — |  |  | (4.5 | )
Other operating (income) expense - net | — |  |  | — |  |  | 0.0 |  |  | — |  |  | 0.0 |
Operating income (loss) | (29.8 | ) |  | 13.1 |  |  | 26.1 |  |  | — |  |  | 9.4 |
Interest expense | (15.4 | ) |  | (1.2 | ) |  | (0.1 | ) |  | — |  |  | (16.7 | )
Intercompany interest | 27.4 |  |  | 7.0 |  |  | (34.4 | ) |  | — |  |  | — |
Interest income | 0.3 |  |  | — |  |  | 1.0 |  |  | — |  |  | 1.3 |
Net gain (loss) on forward and derivative contracts | (0.2 | ) |  | 1.1 |  |  | 1.9 |  |  | — |  |  | 2.8 |
Other income (expense) - net | 0.6 |  |  | (0.2 | ) |  | 1.4 |  |  | — |  |  | 1.8 |
Income (loss) before income taxes and equity in earnings of joint ventures | (17.1 | ) |  | 19.8 |  |  | (4.1 | ) |  | — |  |  | (1.4 | )
Income tax (expense) benefit | 0.7 |  |  | — |  |  | (3.7 | ) |  | — |  |  | (3.0 | )
Income (loss) before equity in earnings of joint ventures | (16.4 | ) |  | 19.8 |  |  | (7.8 | ) |  | — |  |  | (4.4 | )
Equity in earnings (loss) of joint ventures | 15.2 |  |  | (0.3 | ) |  | 3.2 |  |  | (14.9 | ) |  | 3.2 |
Net income (loss) | (1.2 | ) |  | 19.5 |  |  | (4.6 | ) |  | (14.9 | ) |  | (1.2 | )
Other comprehensive income (loss) before income tax effect | 4.2 |  |  | 3.9 |  |  | 1.2 |  |  | (5.1 | ) |  | 4.2 |
Income tax effect | (1.1 | ) |  | — |  |  | — |  |  | — |  |  | (1.1 | )
Other comprehensive income (loss) | 3.1 |  |  | 3.9 |  |  | 1.2 |  |  | (5.1 | ) |  | 3.1 |
Total comprehensive income (loss) | $ | 1.9 |  |  | $ | 23.4 |  |  | $ | (3.4 | ) |  | $ | (20.0 | ) |  | $ | 1.9 |
Condensed Consolidating Statements of Comprehensive Income (Loss)
For the nine months ended September 30, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
NET SALES: |  |  |  |  |  |  |  |  |
Related parties | $ | — |  |  | $ | 404.1 |  |  | $ | 472.0 |  |  | $ | — |  |  | $ | 876.1 |
Other customers | — |  |  | 279.1 |  |  | 0.0 |  |  | — |  |  | 279.1 |
Total net sales | — |  |  | 683.2 |  |  | 472.0 |  |  | — |  |  | 1,155.2 |
Cost of goods sold | — |  |  | 655.0 |  |  | 419.5 |  |  | — |  |  | 1,074.5 |
Gross profit (loss) | — |  |  | 28.2 |  |  | 52.5 |  |  | — |  |  | 80.7 |
Selling, general and administrative expenses | 32.8 |  |  | — |  |  | 1.2 |  |  | — |  |  | 34.0 |
Ravenswood (gains) losses | — |  |  | — |  |  | (5.5 | ) |  | — |  |  | (5.5 | )
Other operating (income) expense - net | — |  |  | — |  |  | 1.6 |  |  | — |  |  | 1.6 |
Operating income (loss) | (32.8 | ) |  | 28.2 |  |  | 55.2 |  |  | — |  |  | 50.6 |
Interest expense | (15.3 | ) |  | (1.2 | ) |  | (0.1 | ) |  | — |  |  | (16.6 | )
Intercompany interest | 27.1 |  |  | 6.4 |  |  | (33.5 | ) |  | — |  |  | — |
Interest income | 0.3 |  |  | 0.0 |  |  | 0.6 |  |  | — |  |  | 0.9 |
Net gain (loss) on forward and derivative contracts | — |  |  | (17.1 | ) |  | 0.0 |  |  | — |  |  | (17.1 | )
Other income (expense) - net | 0.7 |  |  | 0.2 |  |  | (1.9 | ) |  | — |  |  | (1.0 | )
Income (loss) before income taxes and equity in earnings of joint ventures | (20.0 | ) |  | 16.5 |  |  | 20.3 |  |  | — |  |  | 16.8 |
Income tax (expense) benefit | 1.1 |  |  | — |  |  | (5.6 | ) |  | — |  |  | (4.5 | )
Income (loss) before equity in earnings of joint ventures | (18.9 | ) |  | 16.5 |  |  | 14.7 |  |  | — |  |  | 12.3 |
Equity in earnings (loss) of joint ventures | 31.7 |  |  | 3.9 |  |  | 0.5 |  |  | (35.6 | ) |  | 0.5 |
Net income (loss) | 12.8 |  |  | 20.4 |  |  | 15.2 |  |  | (35.6 | ) |  | 12.8 |
Other comprehensive income (loss) before income tax effect | 3.1 |  |  | 0.8 |  |  | 1.2 |  |  | (2.0 | ) |  | 3.1 |
Income tax effect | (1.2 | ) |  | — |  |  | 0.0 |  |  | 0.0 |  |  | (1.2 | )
Other comprehensive income (loss) | 1.9 |  |  | 0.8 |  |  | 1.2 |  |  | (2.0 | ) |  | 1.9 |
Total comprehensive income (loss) | $ | 14.7 |  |  | $ | 21.2 |  |  | $ | 16.4 |  |  | $ | (37.6 | ) |  | $ | 14.7 |
Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet
As of September 30, 2018
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Cash & cash equivalents | $ | 26.0 |  |  | $ | (0.3 | ) |  | $ | 47.7 |  |  | $ | — |  |  | $ | 73.4 |
Restricted cash | — |  |  | 0.8 |  |  | — |  |  | — |  |  | 0.8 |
Accounts receivable - net | 0.1 |  |  | 90.9 |  |  | 0.4 |  |  | — |  |  | 91.4 |
Due from affiliates | — |  |  | 17.5 |  |  | 3.0 |  |  | — |  |  | 20.5 |
Inventories | — |  |  | 236.0 |  |  | 154.4 |  |  | — |  |  | 390.4 |
Prepaid and other current assets | 0.6 |  |  | 0.7 |  |  | 12.6 |  |  | — |  |  | 13.9 |
Total current assets | 26.7 |  |  | 345.6 |  |  | 218.1 |  |  | — |  |  | 590.4 |
Property, plant and equipment - net | 21.1 |  |  | 309.7 |  |  | 630.7 |  |  | — |  |  | 961.5 |
Investment in subsidiaries | 772.3 |  |  | 53.7 |  |  | — |  |  | (826.0 | ) |  | — |
Due from affiliates - long term | 653.7 |  |  | 458.0 |  |  | 9.9 |  |  | (1,121.6 | ) |  | — |
Other assets | 29.4 |  |  | 34.6 |  |  | 30.3 |  |  | (32.5 | ) |  | 61.8 |
TOTAL | $ | 1,503.2 |  |  | $ | 1,201.6 |  |  | $ | 889.0 |  |  | $ | (1,980.1 | ) |  | $ | 1,613.7 |
Accounts payable, trade | $ | 2.0 |  |  | $ | 80.2 |  |  | $ | 31.7 |  |  | $ | — |  |  | $ | 113.9 |
Due to affiliates | — |  |  | 15.0 |  |  | 2.6 |  |  | — |  |  | 17.6 |
Accrued and other current liabilities | 19.5 |  |  | 23.9 |  |  | 22.5 |  |  | — |  |  | 65.9 |
Accrued employee benefits costs | 1.9 |  |  | 8.3 |  |  | 0.8 |  |  | — |  |  | 11.0 |
Revolving credit facility | 14.3 |  |  | — |  |  | — |  |  | — |  |  | 14.3 |
Industrial revenue bonds | — |  |  | 7.8 |  |  | — |  |  | — |  |  | 7.8 |
Total current liabilities | 37.7 |  |  | 135.2 |  |  | 57.6 |  |  | — |  |  | 230.5 |
Senior notes payable | 248.5 |  |  | — |  |  | — |  |  | — |  |  | 248.5 |
Accrued pension benefits costs - less current portion | 38.3 |  |  | 17.2 |  |  | 11.2 |  |  | (32.5 | ) |  | 34.2 |
Accrued postretirement benefits costs - less current portion | 0.8 |  |  | 106.7 |  |  | 1.6 |  |  | — |  |  | 109.1 |
Due to affiliates - long term | 339.3 |  |  | 204.9 |  |  | 577.3 |  |  | (1,121.5 | ) |  | — |
Other liabilities | 5.3 |  |  | 24.8 |  |  | 20.7 |  |  | — |  |  | 50.8 |
Deferred taxes | (0.2 | ) |  | 1.7 |  |  | 105.6 |  |  | — |  |  | 107.1 |
Total noncurrent liabilities | 632.0 |  |  | 355.3 |  |  | 716.4 |  |  | (1,154.0 | ) |  | 549.7 |
Preferred stock | 0.0 |  |  | — |  |  | — |  |  | — |  |  | 0.0 |
Common stock | 0.9 |  |  | — |  |  | 0.1 |  |  | (0.1 | ) |  | 0.9 |
Other shareholders' equity | 832.6 |  |  | 711.1 |  |  | 114.9 |  |  | (826.0 | ) |  | 832.6 |
Total shareholders' equity | 833.5 |  |  | 711.1 |  |  | 115.0 |  |  | (826.1 | ) |  | 833.5 |
TOTAL | $ | 1,503.2 |  |  | $ | 1,201.6 |  |  | $ | 889.0 |  |  | $ | (1,980.1 | ) |  | $ | 1,613.7 |
Condensed Consolidating Balance Sheet
As of December 31, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Cash & cash equivalents | $ | 64.3 |  |  | $ | (0.1 | ) |  | $ | 103.0 |  |  | $ | — |  |  | $ | 167.2 |
Restricted cash | — |  |  | 0.8 |  |  | — |  |  | — |  |  | 0.8 |
Accounts receivable - net | — |  |  | 42.8 |  |  | 0.3 |  |  | — |  |  | 43.1 |
Due from affiliates | 0.1 |  |  | 10.3 |  |  | — |  |  | — |  |  | 10.4 |
Inventories | 0.2 |  |  | 205.1 |  |  | 112.2 |  |  | — |  |  | 317.5 |
Prepaid and other current assets | 3.3 |  |  | 0.8 |  |  | 10.6 |  |  | — |  |  | 14.7 |
Total current assets | 67.9 |  |  | 259.7 |  |  | 226.1 |  |  | — |  |  | 553.7 |
Property, plant and equipment - net | 19.4 |  |  | 295.8 |  |  | 656.7 |  |  | — |  |  | 971.9 |
Investment in subsidiaries | 751.8 |  |  | 54.0 |  |  | — |  |  | (805.8 | ) |  | — |
Due from affiliates - long term | 513.3 |  |  | 349.6 |  |  | 9.4 |  |  | (872.3 | ) |  | — |
Other assets | 28.0 |  |  | 34.1 |  |  | 25.9 |  |  | (32.0 | ) |  | 56.0 |
TOTAL | $ | 1,380.4 |  |  | $ | 993.2 |  |  | $ | 918.1 |  |  | $ | (1,710.1 | ) |  | $ | 1,581.6 |
Accounts payable, trade | $ | 6.3 |  |  | $ | 51.4 |  |  | $ | 32.2 |  |  | $ | — |  |  | $ | 89.9 |
Due to affiliates | 0.4 |  |  | 2.6 |  |  | 17.4 |  |  | — |  |  | 20.4 |
Accrued and other current liabilities | 16.0 |  |  | 19.3 |  |  | 26.1 |  |  | — |  |  | 61.4 |
Accrued employee benefits costs | 1.9 |  |  | 8.3 |  |  | 0.8 |  |  | — |  |  | 11.0 |
Industrial revenue bonds | — |  |  | 7.8 |  |  | — |  |  | — |  |  | 7.8 |
Total current liabilities | 24.6 |  |  | 89.4 |  |  | 76.5 |  |  | — |  |  | 190.5 |
Senior notes payable | 248.2 |  |  | — |  |  | — |  |  | — |  |  | 248.2 |
Accrued pension benefits costs - less current portion | 39.5 |  |  | 18.3 |  |  | 13.1 |  |  | (32.0 | ) |  | 38.9 |
Accrued postretirement benefits costs - less current portion | 0.9 |  |  | 110.4 |  |  | 1.7 |  |  | — |  |  | 113.0 |
Other liabilities | 3.5 |  |  | 32.0 |  |  | 22.4 |  |  | — |  |  | 57.9 |
Due to affiliates - long term | 234.1 |  |  | 53.8 |  |  | 584.4 |  |  | (872.3 | ) |  | — |
Deferred taxes | — |  |  | 1.7 |  |  | 101.8 |  |  | — |  |  | 103.5 |
Total noncurrent liabilities | 526.2 |  |  | 216.2 |  |  | 723.4 |  |  | (904.3 | ) |  | 561.5 |
Preferred stock | 0.0 |  |  | — |  |  | — |  |  | — |  |  | 0.0 |
Common stock | 0.9 |  |  | — |  |  | 0.1 |  |  | (0.1 | ) |  | 0.9 |
Other shareholders' equity | 828.7 |  |  | 687.6 |  |  | 118.1 |  |  | (805.7 | ) |  | 828.7 |
Total shareholders' equity | 829.6 |  |  | 687.6 |  |  | 118.2 |  |  | (805.8 | ) |  | 829.6 |
TOTAL | $ | 1,380.4 |  |  | $ | 993.2 |  |  | $ | 918.1 |  |  | $ | (1,710.1 | ) |  | $ | 1,581.6 |
Condensed Consolidating Statement of Cash Flows |
Condensed Consolidating Statement of Cash Flows
For the nine months ended September 30, 2018
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Net cash provided by (used in) operating activities | $ | (51.2 | ) |  | $ | (0.5 | ) |  | $ | (7.3 | ) |  | $ | — |  |  | $ | (59.0 | )
Purchase of property, plant and equipment | (4.0 | ) |  | (38.9 | ) |  | (6.4 | ) |  | — |  |  | (49.3 | )
Intercompany transactions | 39.5 |  |  | 40.9 |  |  | (0.4 | ) |  | (80.0 | ) |  | — |
Net cash provided by (used in) investing activities | 35.5 |  |  | 2.0 |  |  | (6.8 | ) |  | (80.0 | ) |  | (49.3 | )
Revolving credit facility | 14.3 |  |  | — |  |  | — |  |  | — |  |  | 14.3 |
Issuance of common stock | 0.2 |  |  | — |  |  | — |  |  | — |  |  | 0.2 |
Intercompany transactions | (37.1 | ) |  | (1.7 | ) |  | (41.2 | ) |  | 80.0 |  |  | — |
Net cash provided by (used in) financing activities | (22.6 | ) |  | (1.7 | ) |  | (41.2 | ) |  | 80.0 |  |  | 14.5 |
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | (38.3 | ) |  | (0.2 | ) |  | (55.3 | ) |  | — |  |  | (93.8 | )
Cash, cash equivalents and restricted cash, beginning of period | 64.3 |  |  | 0.7 |  |  | 103.0 |  |  | — |  |  | 168.0 |
Cash, cash equivalents and restricted cash, end of period | $ | 26.0 |  |  | $ | 0.5 |  |  | $ | 47.7 |  |  | $ | — |  |  | $ | 74.2 |
Condensed Consolidating Statement of Cash Flows
For the nine months ended September 30, 2017
| The Company |  | Combined Guarantor Subsidiaries |  | Combined Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Total Consolidated
Net cash provided by (used in) operating activities | $ | (25.5 | ) |  | $ | 14.3 |  |  | $ | 61.6 |  |  | $ | — |  |  | $ | 50.4 |
Purchase of property, plant and equipment | (8.8 | ) |  | (5.9 | ) |  | (8.9 | ) |  | — |  |  | (23.6 | )
Proceeds from sale of property, plant and equipment | — |  |  | 0.9 |  |  | 13.6 |  |  | — |  |  | 14.5 |
Intercompany transactions | 34.2 |  |  | (26.0 | ) |  | (7.6 | ) |  | (0.6 | ) |  | — |
Net cash provided by (used in) investing activities | 25.4 |  |  | (31.0 | ) |  | (2.9 | ) |  | (0.6 | ) |  | (9.1 | )
Borrowings under revolving credit facilities | 1.0 |  |  | — |  |  | — |  |  | — |  |  | 1.0 |
Repayments under revolving credit facilities | (1.0 | ) |  | — |  |  | — |  |  | — |  |  | (1.0 | )
Issuance of common stock | 0.3 |  |  | — |  |  | — |  |  | — |  |  | 0.3 |
Intercompany transactions | 33.6 |  |  | 16.8 |  |  | (51.0 | ) |  | 0.6 |  |  | — |
Net cash provided by (used in) financing activities | 33.9 |  |  | 16.8 |  |  | (51.0 | ) |  | 0.6 |  |  | 0.3 |
CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 33.8 |  |  | 0.1 |  |  | 7.7 |  |  | — |  |  | 41.6 |
Cash, cash equivalents and restricted cash, beginning of period | 36.8 |  |  | 0.5 |  |  | 96.2 |  |  | — |  |  | 133.5 |
Cash, cash equivalents and restricted cash, end of period | $ | 70.6 |  |  | $ | 0.6 |  |  | $ | 103.9 |  |  | $ | — |  |  | $ | 175.1 |

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