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Condensed Consolidated Statements of Cash Flow - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating    
Net income $ 61.8 $ 65.8
Less: Income from discontinued operations 0.1 0.0
Income from continuing operations 61.7 65.8
Non-cash items included in net income:    
Depreciation and amortization 46.7 33.3
Other Asset Impairment Charges 0.8 0.5
Deferred income tax provision 2.4 (3.3)
Pension and other postretirement benefits 2.5 2.7
Stock-based compensation 4.5 3.7
(Income) loss from equity affiliates (0.4) (2.4)
Gain on sale of intangible assets 0.0 (1.8)
Gain (Loss) on Disposition of Property Plant Equipment 4.8 0.0
Excess tax expense of stock-based awards 0.0 0.2
Proceeds from Equity Method Investment, Distribution 1.8 0.0
Other items (0.2) (1.2)
Changes in operating working capital, net of assets acquired:    
Accounts receivable (16.7) (14.7)
Increase (Decrease) in Inventories (1.4) (4.9)
Prepaid expenses (0.6) (1.0)
Accounts payable 1.2 (2.5)
Accrued expenses (0.2) (7.2)
Accrued income taxes (6.9) 6.1
Net changes in operating working capital (21.8) (14.4)
Net cash provided by (used in) operating activities of:    
- Continuing operations 93.2 83.1
- Discontinued operations 0.1 (0.1)
Net cash provided by operations 93.3 83.0
Investing    
Capital spending (27.5) (17.5)
Capitalized software costs (2.6) (1.7)
Acquisitions, net of cash acquired (291.7) 0.0
Proceeds from Sale of Productive Assets 7.0 0.0
Other investing 5.6 4.2
Net cash used in investing (309.2) (15.0)
Financing    
Cash dividends paid to SWM stockholders (38.7) (36.6)
Proceeds from issuances of long-term debt 440.4 35.6
Payments on long-term debt (196.2) (167.2)
Purchases of common stock (1.1) (0.6)
Payments for debt issuance costs (0.6) 0.0
Excess tax expense of stock-based awards 0.0 (0.2)
Net cash provided by (used in) financing 203.8 (169.0)
Effect of exchange rate changes on cash and cash equivalents 5.3 4.0
Decrease in cash and cash equivalents (6.8) (97.0)
Cash and cash equivalents at beginning of period 107.4 186.5
Cash and cash equivalents at end of period 100.6 89.5
Supplemental Cash Flow Disclosures    
Cash paid for interest 15.2 10.5
Cash paid for taxes, net 30.8 24.4
Change in capital spending in accounts payable and accrued liabilities 4.4 1.3
Deferred and contingent business acquisition consideration $ 8.6 $ 0.0