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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Operating Activities              
Net loss $ (283.1) $ 9.0 $ (261.4) $ (186.2) $ (274.1) $ (447.6)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Share-based compensation expense         11.4 15.1  
Depreciation and amortization         56.4 67.5  
Change in fair value of contingent obligations, net 0.1   0.4   0.6 0.7  
Amortization of deferred financing costs         11.9 9.9  
Deferred income taxes         (12.4) (6.4)  
Loss (gain) on sale of business and assets held for sale 40.0   (74.9)   40.0 (74.9) $ (74.2)
Impairment of long-lived assets 27.2   306.7   27.2 306.7  
Other         15.5 9.5  
Changes in operating assets and liabilities:              
Accounts receivable         (29.6) (129.8)  
Inventories         (17.5) (24.9)  
Prepaid expenses and other assets         160.0 (17.8)  
Accounts payable         0.2 10.9  
Accrued expenses and other liabilities         3.8 (13.8)  
Long-term incentive plan accrual         1.9 2.4  
Accrued compensation         (7.0) (12.4)  
Income taxes receivable and payable, net         16.1 14.2  
Contract liabilities         (19.5) (7.7)  
Net cash used in operating activities         (15.1) (298.4)  
Investing Activities              
Purchases of property, plant and equipment         (15.4) (27.6)  
Proceeds from sale of business, net         0.0 270.2  
Net cash provided by (used in) investing activities         (15.4) 242.6  
Financing Activities              
Proceeds from revolving credit facility         65.0 0.0  
Principal payments on revolving credit facility         (61.5) (347.8)  
Principal payments on term loan facility         (7.9) (156.8)  
Proceeds from share-based compensation activity         0.7 1.3  
Taxes paid for share-based compensation activity         (0.6) (2.3)  
Debt issuance costs         (5.9) 0.0  
Proceeds from at-the-market sale of stock, net of commissions and expenses         0.0 8.2  
Net cash used in financing activities:         (10.2) (497.4)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash         0.0 (0.8)  
Net change in cash, cash equivalents and restricted cash         (40.7) (554.0)  
Cash, cash equivalents and restricted cash, beginning of period   $ 111.7   $ 642.6 111.7 642.6 642.6
Cash, cash equivalents and restricted cash, end of period 71.0   88.6   71.0 88.6 111.7
Supplemental cash flow disclosures:              
Cash paid for interest         36.0 38.8  
Cash paid for income taxes         25.9 26.9  
Non-cash investing and financing activities:              
Purchases of property, plant and equipment unpaid at period end         2.9 7.7  
Gain on extinguishment of debt         0.3 0.0  
Reconciliation of cash and cash equivalents and restricted cash:              
Cash and cash equivalents 69.7   88.6   69.7 88.6 111.7
Restricted Cash 1.3   0.0   1.3 0.0  
Total $ 71.0   $ 88.6   $ 71.0 $ 88.6 $ 111.7