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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities    
Net income $ 48.2 $ 92.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 107.2 106.7
Deferred income tax expense 15.8 1.8
Share-based compensation expense 4.3 5.0
Changes in working capital pertaining to operating activities:    
Receivables, net 24.3 (44.7)
Inventories (31.3) (77.8)
Accounts payable 25.5 26.5
Accrued liabilities (6.2) 2.4
Interest payable 6.1 6.2
Income taxes 0.7 1.8
Other operating activities (2.0) 0.6
Net cash provided by operating activities 192.6 120.6
Cash Flows from Investing Activities    
Capital expenditures (84.5) (55.7)
Other investing activities (0.9) 3.6
Net cash used in investing activities (85.4) (52.1)
Cash Flows from Financing Activities    
Proceeds from revolving facility 273.0 450.0
Repayment of revolving facility (308.0) (498.0)
Repayment of financing obligation (2.5) (2.4)
Dividends paid (22.3) (16.9)
Cash distribution to noncontrolling interests (8.1) (4.4)
Other financing activities (3.4) (1.3)
Net cash used in financing activities (71.3) (73.0)
Net increase (decrease) in cash and cash equivalents 35.9 (4.5)
Cash and cash equivalents at beginning of period 90.0 63.8
Cash and cash equivalents at end of period 125.9 59.3
Supplemental Disclosure of Cash Flow Information    
Interest paid 13.4 15.4
Income taxes paid $ 13.1 $ 10.8