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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities    
Net income $ 23.4 $ 33.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10.3 12.0
Deferred tax expense 0.1 0.7
Non-cash movements on defined benefit pension plans (0.8) (1.2)
Stock option compensation 1.6 1.2
Changes in assets and liabilities, net of effects of acquired and divested companies:    
Trade and other accounts receivable (30.7) (7.9)
Inventories (5.5) (5.0)
Prepaid expenses 2.4 2.1
Accounts payable and accrued liabilities 20.2 (36.0)
Accrued income taxes 3.7 1.6
Plant closure provisions (0.2) 0.1
Other assets and liabilities (1.8) 1.7
Net cash provided by operating activities 22.7 2.4
Cash Flows from Investing Activities    
Capital expenditures (10.3) (7.8)
Net cash used in investing activities (10.3) (7.8)
Cash Flows from Financing Activities    
Non-controlling interest 0.0 0.1
Repayments of finance leases (0.2) (0.3)
Issue of treasury stock 0.5 0.7
Repurchase of common stock (0.6) (2.1)
Net cash used in financing activities (0.3) (1.6)
Effect of foreign currency exchange rate changes on cash (0.4) (0.6)
Net change in cash and cash equivalents 11.7 (7.6)
Cash and cash equivalents at beginning of period 105.3 75.7
Cash and cash equivalents at end of period $ 117.0 $ 68.1