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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Operating Activities              
Net income (loss) $ (12.0) $ 68.0 $ (283.1) $ 9.0 $ 56.0 $ (274.1)  
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:              
Share-based compensation expense         6.1 11.4  
Depreciation and amortization         48.9 56.4  
Change in fair value of contingent obligations, net         0.0 0.6  
Amortization of deferred financing costs         4.7 11.9  
Deferred income taxes         4.7 (12.4)  
Noncash loss on assets held for sale 0.0   40.0   12.2 40.0  
Change in fair value of warrant liability         (6.6) 0.0  
Impairment of long-lived assets 0.0   27.2   0.0 27.2 $ 27.2
Loss on disposal of assets         1.3 15.9  
Other         (9.1) (0.4)  
Changes in operating assets and liabilities:              
Accounts receivable         45.2 (29.6)  
Inventories         (26.9) (17.5)  
Prepaid expenses and other assets         29.2 160.0  
Accounts payable         (15.8) 0.2  
Accrued expenses and other liabilities         (28.3) 3.8  
Long-term incentive plan accrual         1.6 1.9  
Accrued compensation         (26.3) (7.0)  
Income taxes receivable and payable, net         (1.6) 16.1  
Contract liabilities         (0.1) (19.5)  
Net cash provided by (used in) operating activities         95.2 (15.1)  
Investing Activities              
Purchases of property, plant and equipment         (6.5) (15.4)  
Proceeds from sale of property, plant and equipment         38.2 0.0  
Milestone payments from prior asset divestiture         50.0 0.0  
Purchase of convertible note receivable         (5.0) 0.0  
Net cash provided by (used in) investing activities         76.7 (15.4)  
Financing Activities              
Proceeds from revolving credit facility         0.0 65.0  
Principal payments on revolving credit facility         0.0 (61.5)  
Principal payments on term loan facility         0.0 (7.9)  
Purchases of treasury stock         (6.9) 0.0  
Proceeds from share-based compensation activity         0.8 0.7  
Taxes paid for share-based compensation activity         (0.7) (0.6)  
Debt issuance costs         0.0 (5.9)  
Net cash used in financing activities:         (6.8) (10.2)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash         0.3 0.0  
Net change in cash, cash equivalents and restricted cash         165.4 (40.7)  
Cash, cash equivalents and restricted cash, beginning of period   $ 105.6   $ 111.7 105.6 111.7 111.7
Cash, cash equivalents and restricted cash, end of period 271.0   71.0   271.0 71.0 105.6
Supplemental cash flow disclosures:              
Cash paid for interest         24.8 36.0  
Cash paid for income taxes, net of refunds         16.6 25.9  
Non-cash investing and financing activities:              
Purchases of property, plant and equipment unpaid at period end         2.2 2.9  
Gain on extinguishment of debt         0.0 0.3  
Reconciliation of cash and cash equivalents and restricted cash:              
Cash and cash equivalents 267.3   69.7   267.3 69.7 99.5
Restricted cash 3.7   1.3   3.7 1.3  
Total $ 271.0   $ 71.0   $ 271.0 $ 71.0 $ 105.6