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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income $ 20.0 $ 3.1 $ 25.0
Net loss from discontinued operations 0.8 5.6 2.7
Net income from continuing operations 20.8 8.7 27.7
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities      
Equity in loss / (income) of affiliates 0.1 (0.7) (0.4)
Depreciation 12.6 12.0 15.8
Amortization of purchased intangible assets 0.7 1.2 1.2
Amortization of debt issuance costs 0.4 0.3 0.3
Share-based compensation charge 2.8 4.5 4.8
Deferred income taxes 4.8 4.0 (0.3)
Loss on disposal of property, plant and equipment 0.1 0.2 0.3
Gain on disposal of business 0.0 (2.9) 0.0
Asset impairment charges 0.0 4.8 12.6
Defined benefit pension credit (3.9) (2.8) (4.0)
Defined benefit pension contributions (5.8) (7.9) (7.9)
Changes in assets and liabilities, net of effects of business acquisitions      
Accounts and notes receivable 10.7 (7.6) 5.7
Inventories 9.5 3.5 (14.5)
Other current assets 9.6 (2.3) 0.1
Accounts payable (12.9) (0.7) 7.3
Accrued liabilities (1.9) (9.5) 3.7
Other current liabilities 2.5 3.1 10.8
Other non-current assets and liabilities (0.8) (2.9) (0.7)
Net cash provided by operating activities - continuing 49.3 5.0 62.5
Net cash provided by operating activities - discontinued 0.3 0.8 0.7
Net cash provided by operating activities 49.6 5.8 63.2
Investing activities      
Capital expenditures (8.0) (13.1) (13.2)
Proceeds from sale of property, plant and equipment 0.0 1.2 0.1
Proceeds from sale of businesses 1.5 4.4 0.0
Investments in unconsolidated affiliates 0.0 0.0 1.1
Acquisitions, net of cash acquired 0.0 0.0 2.7
Net cash used for investing activities - continuing (6.5) (7.5) (9.3)
Net cash used for investing activities - discontinued (0.3) (0.8) (0.7)
Net cash used for investing activities (6.8) (8.3) (10.0)
Financing activities      
Net repayments of short term borrowings 0.0 (3.5) (15.7)
Net (repayments) / drawdowns of long-term borrowings (38.2) 17.5 (21.3)
Deferred consideration paid (0.4) (0.5) (0.8)
Proceeds from sale of shares 1.1 3.5 6.6
Dividends paid (13.6) (13.6) (13.4)
Share based compensation cash paid (1.4) (4.4) (7.3)
Net cash used for financing activities (52.5) (1.0) (51.9)
Effect of exchange rate changes on cash and cash equivalents 0.9 (0.3) (0.5)
Net (decrease) / increase (8.8) (3.8) 0.8
Cash, cash equivalents and restricted cash; beginning of year 10.3 14.1 13.3
Cash, cash equivalents and restricted cash; end of year 1.5 10.3 14.1
Supplemental cash flow information:      
Interest payments 5.1 4.6 4.6
Income tax payments $ 2.1 $ 6.1 $ 2.9