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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities      
Net income $ 26.9 $ 29.9 $ 20.0
Net loss from discontinued operations 5.1 0.1 0.8
Net income from continuing operations 32.0 30.0 20.8
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities      
Equity in loss of affiliates 0.0 0.0 0.1
Depreciation 12.9 14.7 12.6
Amortization of purchased intangible assets 0.7 0.9 0.7
Amortization of debt issuance costs 0.5 0.5 0.4
Share-based compensation charge 2.5 2.8 2.8
Deferred income taxes 8.7 (1.6) 4.8
Loss on disposal of property, plant and equipment 0.0 0.0 0.1
Loss on disposal of business 1.0 0.0 0.0
Defined benefit pension expense / (credit) 0.1 (1.9) (3.9)
Defined benefit pension contributions (0.4) (18.2) (5.8)
Changes in assets and liabilities, net of effects of business acquisitions      
Accounts and notes receivable (27.2) (9.8) 10.7
Inventories (25.0) (15.3) 9.5
Current assets held-for-sale (3.3) (2.9) 10.0
Other current assets 0.0 1.3 (0.4)
Accounts payable 21.3 11.4 (12.9)
Accrued liabilities 2.4 7.5 (1.9)
Current liabilities held-for-sale 0.9 (1.8) 2.3
Other current liabilities (8.8) 8.4 0.2
Other non-current assets and liabilities (2.5) 0.0 (0.8)
Net cash provided by operating activities - continuing 15.8 26.0 49.3
Net cash provided by operating activities - discontinued 0.1 0.1 0.3
Net cash provided by operating activities 15.9 26.1 49.6
Investing activities      
Capital expenditures (8.3) (9.1) (8.0)
Proceeds from sale of property, plant and equipment 3.7 0.0 0.0
Proceeds from sale of businesses 0.0 23.4 1.5
Settlements from sale of businesses 1.0 0.0 0.0
Acquisitions, net of cash acquired 0.0 (19.3) 0.0
Net cash used for investing activities - continuing (5.6) (5.0) (6.5)
Net cash used for investing activities - discontinued (0.1) (0.1) (0.3)
Net cash used for investing activities (5.7) (5.1) (6.8)
Financing activities      
Net drawdowns / (repayments) of long-term borrowings 24.8 6.4 (38.2)
Debt issuance costs 0.0 (1.0) 0.0
Deferred consideration paid 0.0 0.0 (0.4)
Proceeds from sale of shares 0.0 0.0 1.1
Dividends paid (14.2) (13.6) (13.6)
Share-based compensation cash paid (1.4) (1.5) (1.4)
Repurchase of deferred shares (0.1) 0.0 0.0
Repurchase of ordinary shares (11.1) (6.4) 0.0
Net cash used for financing activities (2.0) (16.1) (52.5)
Effect of exchange rate changes on cash and cash equivalents (1.7) 0.0 0.9
Net increase / (decrease) 6.5 4.9 (8.8)
Cash, cash equivalents and restricted cash; beginning of year 6.4 1.5 10.3
Cash, cash equivalents and restricted cash; end of year 12.9 6.4 1.5
Supplemental cash flow information:      
Interest payments 4.0 3.2 5.1
Income tax payments $ 0.6 $ 5.3 $ 2.1