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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net loss $ (13.2) $ (6.3)
Depreciation 6.7 7.4
Amortization of debt issuance costs 0.5 0.7
Amortization of intangibles 11.3 10.6
Stock-based compensation 7.8 5.1
Changes in operating assets and liabilities:    
Accounts receivable 107.0 153.8
Inventories (35.9) (26.5)
Other assets (4.8) (18.6)
Accounts payable 1.8 (12.7)
Accrued expenses and other liabilities (69.7) (76.2)
Accrued income taxes (6.0) (9.1)
Net cash provided by operating activities 5.5 28.2
Investing activities    
Additions to property, plant and equipment (2.2) (2.3)
Cost of acquisitions, net of cash acquired (10.1) 0.0
Net cash used by investing activities (12.3) (2.3)
Financing activities    
Proceeds from long-term borrowings 106.3 61.4
Repayments of long-term debt (17.5) (18.9)
Borrowings (repayments) of notes payable, net (2.2) (0.2)
Dividends paid (6.8) (7.2)
Repurchases of common stock (15.0) 0.0
Payments related to tax withholding for stock-based compensation (0.8) (1.9)
Net cash provided by financing activities 64.0 33.2
Effect of foreign exchange rate changes on cash and cash equivalents 3.3 (0.9)
Net increase in cash and cash equivalents 60.5 58.2
Cash and cash equivalents    
Beginning of the period 74.1 66.4
End of the period 134.6 124.6
Cash paid during the year for:    
Interest 15.9 17.8
Income taxes $ 2.7 $ 10.1