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Consolidated Statements of Cash Flow - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operations      
Net income $ 83.8 $ 85.8 $ 94.5
Less: Loss from discontinued operations 0.0 0.0 (0.3)
Income from continuing operations 83.8 85.8 94.8
Non-cash items included in net income:      
Depreciation and amortization 72.2 57.7 61.6
Impairments 0.0 1.1 0.2
Deferred income tax (benefit) provision (5.2) (3.4) 7.5
Pension and other postretirement benefits 3.7 2.6 2.8
Stock-based compensation 8.8 7.7 4.8
(Income) loss from equity affiliates (4.9) (4.1) 11.3
Brazil tax assessment accruals, net 0.0 10.9 0.0
Change in fair value of contingent consideration 0.0 0.0 (10.2)
Long-term income tax payable (0.5) (0.6) (12.0)
Cash dividends received from equity affiliates 2.7 2.6 2.0
Other items 6.7 1.8 0.4
Changes in operating working capital:      
Accounts receivable (5.3) 10.8 (18.3)
Inventories (3.5) (11.2) (4.9)
Prepaid expenses 0.6 (0.2) (0.1)
Accounts payable (12.7) (2.1) 8.0
Accrued expenses 7.4 3.9 (1.0)
Accrued income taxes 7.8 (3.0) (8.0)
Net changes in operating working capital (5.7) (1.8) (24.3)
Net cash provided by operating activities of:      
- Continuing operations 161.6 160.3 138.9
- Discontinued operations 0.0 0.0 0.2
Cash provided by operations 161.6 160.3 139.1
Investing      
Capital spending (30.1) (28.6) (27.0)
Capitalized software costs (3.2) (5.5) (2.7)
Acquisitions, net of cash acquired (169.3) 0.0 0.0
Proceeds from sale of assets 0.5 14.7 0.0
Other investing (1.0) 4.6 2.2
Cash used for investing (203.1) (14.8) (27.5)
Financing      
Cash dividends paid to SWM stockholders (55.0) (54.4) (53.2)
Changes in short-term debt, net 0.0 (0.1) (1.3)
Proceeds from issuances of long-term debt 212.7 19.1 634.2
Payments on long-term debt (165.3) (99.5) (694.0)
Payments for debt issuance costs 0.0 0.0 (3.6)
Purchases of common stock (1.0) (0.9) (3.0)
Cash used in financing (8.6) (135.8) (120.9)
Effect of exchange rate changes on cash and cash equivalents 1.8 (0.5) (3.8)
(Decrease) increase in cash and cash equivalents (48.3) 9.2 (13.1)
Cash and cash equivalents at beginning of period 103.0 93.8 106.9
Cash and cash equivalents at end of period $ 54.7 $ 103.0 $ 93.8