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Condensed Consolidated Statements of Cash Flow - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating    
Net income $ 17.4 $ 20.5
Less: Loss from discontinued operations 0.0 (0.4)
Income from continuing operations 17.4 20.9
Non-cash items included in net income:    
Depreciation and amortization 14.4 15.6
Deferred income tax provision (0.5) 0.8
Pension and other postretirement benefits 0.7 1.0
Stock-based compensation 0.9 1.5
Loss from equity affiliates 0.2 0.3
Other items 1.9 0.3
Changes in operating working capital, net of assets acquired:    
Accounts receivable (12.5) (13.1)
Inventories (4.0) 1.7
Prepaid expenses (2.7) (2.7)
Accounts payable 7.5 2.1
Accrued expenses (11.7) (9.6)
Accrued income taxes 1.4 3.2
Net changes in operating working capital (22.0) (18.4)
Net cash provided by operating activities of:    
- Continuing operations 13.0 22.0
- Discontinued operations 0.0 0.0
Net cash provided by operations 13.0 22.0
Investing    
Capital spending (7.3) (6.0)
Capitalized software costs (1.4) (0.4)
Other investing 1.1 (0.8)
Net cash used in investing (7.6) (7.2)
Financing    
Cash dividends paid to SWM stockholders (13.6) (13.2)
Changes in short-term debt (0.2) (1.4)
Payments on long-term debt (0.6) (9.7)
Purchases of common stock (0.9) (2.5)
Net cash used in financing (15.3) (26.8)
Effect of exchange rate changes on cash and cash equivalents (0.5) 1.2
Decrease in cash and cash equivalents (10.4) (10.8)
Cash and cash equivalents at beginning of period 93.8 106.9
Cash and cash equivalents at end of period 83.4 96.1
Supplemental Cash Flow Disclosures    
Cash paid for interest 3.5 6.3
Cash paid for taxes, net 3.3 3.4
Change in capital spending in accounts payable and accrued liabilities $ 1.7 $ 1.0