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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash provided by (used in) operating activities:    
Net income (loss) $ 58.8 $ 37.6
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 20.4 18.3
Deferred income taxes (0.6) (9.5)
Disposal/impairment of assets 0.4 0.0
Restructuring and other (income) charges, net 3.4 5.6
Share-based compensation 4.9 0.8
Pension and other postretirement benefit costs 0.6 0.0
Changes in operating assets and liabilities:    
Accounts receivable, net (22.9) (16.2)
Inventories, net (2.4) (9.1)
Prepaid and other current assets 2.3 (4.1)
Accounts payable (2.2) 9.1
Accrued expenses 0.2 (2.4)
Accrued payroll and employee benefit costs (2.1) 4.0
Income taxes payable (4.8) 6.7
Restructuring and other spending (5.0) (3.6)
Changes in other operating assets and liabilities, net 1.7 (1.0)
Net cash provided by (used in) operating activities 52.7 36.2
Cash provided by (used in) investing activities:    
Capital expenditures (21.8) (22.2)
Restricted investment (0.7) (69.1)
Net investment in equity securities (2.0) 0.0
Other investing activities, net (3.0) 0.0
Net cash provided by (used in) investing activities (27.5) (91.3)
Cash provided by (used in) financing activities:    
Net borrowings under our revolving credit facility (9.1) 190.0
Proceeds from long-term borrowings 0.0 300.0
Debt issuance costs 0.0 (3.5)
Borrowings (repayments) of notes payable and other short-term borrowings, net 0.0 (9.4)
Taxes withheld for employee equity award vesting (0.5) 0.0
Treasury share repurchases (0.7) 0.0
Noncontrolling interest distributions (4.8) (1.7)
Cash distributed to WestRock at Separation 0.0 (448.5)
Transactions with WestRock, net 0.0 51.9
Net cash provided by (used in) financing activities (15.1) 78.8
Increase (decrease) in cash, cash equivalents and restricted cash 10.1 23.7
Effect of exchange rate changes on cash 0.5 0.0
Cash and cash equivalents    
Change in cash, cash equivalents and restricted cash 10.6 23.7
Cash, cash equivalents and restricted cash at beginning of period 30.5 32.0
Cash, cash equivalents and restricted cash at end of period [1] 41.1 55.7
Supplemental cash flow information:    
Cash paid for interest 7.9 4.7
Cash paid for taxes 33.8 2.2
Purchases of property, plant and equipment in accounts payable $ 2.3 $ 1.7
[1] Includes restricted cash of $0.5 million and zero and cash and cash equivalents of $40.6 million and $55.7 million as of June 30, 2017 and 2016, respectively. The balance in 2017 is associated with foreign government grants to be used for specific capital projects as governed by the grant provisions. Restricted cash is included within "Prepaid and Other Current Assets" within the Consolidated Balance Sheets.