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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
Net income $ 81.1 $ 64.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36.3 37.9
Deferred tax expense (0.1) 2.4
Cash contributions to defined benefit pension plans (0.4) (0.8)
Non-cash movements on defined benefit pension plans (4.7) (3.2)
Stock option compensation 4.9 3.0
Changes in assets and liabilities, net of effects of acquired and divested companies:    
Trade and other accounts receivable (20.8) (47.0)
Inventories (6.0) (55.5)
Prepaid expenses 2.5 3.6
Accounts payable and accrued liabilities 9.4 32.2
Accrued income taxes (0.4) (6.4)
Plant closure provisions 0.1 3.0
Unrecognized tax benefits 1.0 0.7
Other assets and liabilities 0.3 0.6
Net cash provided by operating activities 103.2 35.1
Cash Flows from Investing Activities    
Capital expenditures (22.6) (20.0)
Business combinations, net of cash acquired (0.0) (5.4)
Internally developed software (1.1) (0.8)
Net cash used in investing activities (23.7) (26.2)
Cash Flows from Financing Activities    
Proceeds from revolving credit facility 105.5 10.0
Repayments of revolving credit facility (99.0) (5.0)
Receipt of short-term borrowing 0.0 0.5
Repayment of term loan (82.5) 0.0
Dividend paid (12.2) (10.7)
Repayments of finance leases (1.3) (2.1)
Refinancing costs (1.3) (0.0)
Issue of treasury stock 1.2 1.1
Repurchase of common stock (2.2) (1.2)
Net cash used in financing activities (91.8) (7.4)
Effect of foreign currency exchange rate changes on cash (0.5) (0.3)
Net change in cash and cash equivalents (12.8) 1.2
Cash and cash equivalents at beginning of period 123.1 90.2
Cash and cash equivalents at end of period $ 110.3 $ 91.4