XML 24 R7.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Operating activities    
Net (loss) / income $ (3.8) $ 9.9
Adjustments to reconcile net (loss) / income to net cash (used for) / provided by operating activities    
Equity loss / (income) of unconsolidated affiliates 0.1 (0.2)
Depreciation 3.4 4.6
Amortization of purchased intangible assets 0.3 0.3
Amortization of debt issuance costs 0.1 0.1
Share-based compensation charges 2.6 0.5
Deferred income taxes 0.8 0.8
Asset impairment charges (0.2) 0.0
Pension and other post-retirement expense 0.7 0.3
Pension and other post-retirement contributions (3.2) (3.2)
Changes in assets and liabilities, net of effects of business acquisitions    
Accounts and notes receivable (10.4) (0.1)
Inventories (3.6) (11.2)
Other current assets 0.0 1.3
Accounts payable (0.8) 6.7
Accrued liabilities (1.7) (2.8)
Other current liabilities 7.2 2.2
Other non-current assets and liabilities 0.7 (0.9)
Net cash (used for) / provided by operating activities (7.8) 8.3
Investing activities    
Capital expenditures (3.2) (1.3)
Investments in unconsolidated affiliates 0.0 0.6
Acquisitions, net of cash acquired 0.0 (0.5)
Net cash used for investing activities (3.2) (1.2)
Financing activities    
Net drawdown / (repayments) of short-term borrowings 4.2 (4.2)
Net drawdown / (repayments) of long-term borrowings 11.3 (4.0)
Deferred consideration paid (0.5) 0.0
Proceeds from sale of shares 1.4 0.0
Dividends paid (3.4) (3.4)
Share-based compensation cash paid (1.8) (0.6)
Net cash from / (used) for financing activities 11.2 (12.2)
Effect of exchange rate changes on cash and cash equivalents 0.2 (0.1)
Net increase / (decrease) 0.4 (5.2)
Cash, cash equivalents and restricted cash; beginning of year 14.1 13.3
Cash, cash equivalents and restricted cash; end of the First Quarter 14.5 8.1
Supplemental cash flow information:    
Interest payments 1.1 1.4
Income tax payments $ 0.0 $ 0.1