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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net (loss) / income $ (1.9) $ 26.9 $ 29.9
Net (income) / loss from discontinued operations (0.7) 5.1 0.1
Net (loss) / income from continuing operations (2.6) 32.0 30.0
Adjustments to reconcile net loss from continuing operations to net cash provided by operating activities      
Depreciation 11.9 12.9 14.7
Amortization of purchased intangible assets 0.8 0.7 0.9
Amortization of debt issuance costs 0.4 0.5 0.5
Share-based compensation charge 2.8 2.5 2.8
Deferred income taxes (0.6) 8.7 (1.6)
Loss on disposal of business 0.0 1.0 0.0
Asset impairment charges and non-cash restructuring charges 15.9 0.0 0.0
Defined benefit pension expense / (credit) 7.9 0.1 (1.9)
Defined benefit pension contributions (2.3) (0.4) (18.2)
Changes in assets and liabilities, net of effects of business acquisitions      
Accounts and notes receivable 16.6 (27.2) (9.8)
Inventories 16.6 (25.0) (15.3)
Current assets held-for-sale 1.0 (3.3) (2.9)
Other current assets (1.5) 0.0 1.3
Accounts payable (19.0) 21.3 11.4
Accrued liabilities (9.2) 2.4 7.5
Current liabilities held-for-sale 0.5 0.9 (1.8)
Other current liabilities (4.3) (8.8) 8.4
Other non-current assets and liabilities (8.7) (2.5) 0.0
Net cash provided by operating activities - continuing 26.2 15.8 26.0
Net cash provided by operating activities - discontinued 0.1 0.1 0.1
Net cash provided by operating activities 26.3 15.9 26.1
Investing activities      
Capital expenditures (9.4) (8.3) (9.1)
Proceeds from sale of property, plant and equipment 0.0 3.7 0.0
Proceeds from sale of businesses 0.0 0.0 23.4
Settlements from sale of businesses 0.0 1.0 0.0
Acquisitions, net of cash acquired 0.0 0.0 (19.3)
Net cash used for investing activities - continuing (9.4) (5.6) (5.0)
Net cash used for investing activities - discontinued (0.1) (0.1) (0.1)
Net cash used for investing activities (9.5) (5.7) (5.1)
Financing activities      
Repayments of notes payable (25.0) 0.0 0.0
Drawdown of bank overdraft 4.6 0.0 0.0
Net drawdown of of long-term borrowings 10.2 24.8 6.4
Debt issuance costs (0.2) 0.0 (1.0)
Dividends paid (14.0) (14.2) (13.6)
Share-based compensation cash paid (0.4) (1.4) (1.5)
Repurchase of deferred shares 0.0 (0.1) 0.0
Repurchase of ordinary shares (2.7) (11.1) (6.4)
Net cash used for financing activities (27.5) (2.0) (16.1)
Effect of exchange rate changes on cash and cash equivalents 0.4 (1.7) 0.0
Net (decrease) / increase (10.3) 6.5 4.9
Cash, cash equivalents and restricted cash; beginning of year 12.9 6.4 1.5
Cash, cash equivalents and restricted cash; end of year 2.6 12.9 6.4
Supplemental cash flow information:      
Interest payments 6.1 4.0 3.2
Income tax payments $ 3.3 $ 0.6 $ 5.3