XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net Income (Loss) $ 102.4 $ (79.5)
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:    
Depreciation and amortization 33.8 33.0
Amortization of deferred financing fees 1.0 1.0
Deferred income taxes (0.7) (2.1)
Stock-based compensation 14.0 3.7
Dividends from unconsolidated affiliates 10.5 15.6
Other non-current liabilities 5.6 (9.1)
Other 9.2 3.2
Working capital changes:    
Accounts receivable 1.8 (41.3)
Inventories (21.9) (43.6)
Other current assets (6.5) (3.4)
Accounts payable (50.0) 42.4
Other current liabilities 5.9 114.4
Net cash provided by (used for) operating activities 105.1 34.3
Investing Activities    
Expenditures for property, plant and equipment (18.9) (19.7)
Proceeds from the sale of assets 1.2 0.9
Proceeds from Sale of Debt Securities, Available-for-sale 1.1 0.0
Payments to Acquire Additional Interest in Subsidiaries (3.2) (8.4)
Net Cash Provided by (Used in) Investing Activities (19.8) (27.2)
Financing Activities    
Additions to long-term debt 103.8 106.2
Reductions of long-term debt (119.9) (63.5)
Net change to revolving credit agreements (34.1) (28.0)
Cash dividends paid (16.7) (16.4)
Payments of Ordinary Dividends, Noncontrolling Interest (1.3) (0.2)
Payments of Financing Costs (0.8) 0.0
Payments for Repurchase of Common Stock (0.1) 0.0
Net cash provided by (used for) financing activities (69.1) (1.9)
Cash and Cash Equivalents    
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 3.0 (2.1)
Decrease for the period 19.2 3.1
Cash $ 78.2 $ 68.6