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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net loss $ (2.7) $ (20.4)
Amortization of inventory step-up 0.0 2.4
Change in fair value of contingent consideration 2.6 6.7
Depreciation 9.9 9.6
Amortization of debt issuance costs 0.7 0.8
Amortization of intangibles 11.1 12.0
Stock-based compensation 4.9 4.8
Loss on debt extinguishment 0.0 3.7
Changes in balance sheet items:    
Accounts receivable 84.1 34.4
Inventories (37.3) (54.4)
Other assets (7.6) (13.3)
Accounts payable (87.5) 11.3
Accrued expenses and other liabilities (76.5) (27.9)
Accrued income taxes (5.9) (12.1)
Net cash used by operating activities (104.2) (42.4)
Investing activities    
Additions to property, plant and equipment (3.4) (3.8)
Cost of acquisitions, net of cash acquired 0.0 18.2
Net cash (used) provided by investing activities (3.4) 14.4
Financing activities    
Proceeds from long-term borrowings 168.0 595.8
Repayments of long-term debt (5.0) (509.0)
(Repayments) proceeds of notes payable, net (5.3) 6.2
Payment for debt premium 0.0 (9.8)
Payments for debt issuance costs 0.0 (9.7)
Dividends paid (7.3) (6.2)
Payments related to tax withholding for stock-based compensation (1.2) (0.9)
Proceeds from the exercise of stock options 4.3 1.9
Net cash provided by financing activities 153.5 68.3
Effect of foreign exchange rate changes on cash and cash equivalents 4.2 (1.8)
Net increase in cash and cash equivalents 50.1 38.5
Cash and cash equivalents    
Beginning of the period 41.2 36.6
End of the period 91.3 75.1
Cash paid during the year for:    
Interest 15.1 12.7
Income taxes $ 7.6 $ 7.2