XML 36 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows used in operating activities:    
Net income (loss) $ (60.1) $ 74.3
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Share-based compensation expense 22.2 21.9
Depreciation and amortization 75.4 61.9
Change in fair value of contingent consideration, net 1.8 1.7
Amortization of deferred financing costs 2.0 2.0
Deferred income taxes 2.6 (3.2)
Other 2.2 2.0
Changes in operating assets and liabilities:    
Accounts receivable 97.7 (34.7)
Inventories (75.5) (79.7)
Prepaid expenses and other assets (19.4) (2.4)
Accounts payable (7.6) 8.0
Accrued expenses and other liabilities (82.8) (55.4)
Accrued compensation (14.1) (21.4)
Contract liabilities 2.7 0.4
Net cash used in operating activities: (52.9) (24.6)
Cash flows used in investing activities:    
Purchases of property, plant and equipment (64.3) (123.1)
Net cash used in investing activities: (64.3) (123.1)
Cash flows used in financing activities:    
Purchases of treasury stock (81.9) 0.0
Principal payments on term loan facility (16.9) (11.3)
Principal payments on convertible senior notes 0.0 (10.6)
Proceeds from share-based compensation activity 3.0 10.0
Taxes paid for share-based compensation activity (5.4) (13.0)
Contingent consideration payments 0.0 (1.1)
Net cash used in financing activities: (101.2) (26.0)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.4 (0.1)
Net change in cash, cash equivalents and restricted cash (218.0) (173.8)
Cash, cash equivalents and restricted cash at beginning of period 576.3 621.5
Cash, cash equivalents and restricted cash at end of period 358.3 447.7
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 14.8 15.5
Cash paid during the period for income taxes 20.0 50.3
Supplemental information on non-cash investing and financing activities:    
Purchases of property, plant and equipment unpaid at period end 7.3 31.7
Reconciliation of cash and cash equivalents and restricted cash at June 30, 2022 and December 31, 2021:    
Cash and cash equivalents 358.1  
Restricted cash 0.2  
Total $ 358.3 $ 447.7