XML 43 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows From Operations    
Net (loss) earnings $ (4.9) $ 8.1
Adjustments to reconcile net (loss) earnings to cash used for operating activities of continuing operations:    
Discontinued operations, net of income taxes 1.0 4.1
Depreciation 14.4 19.8
Amortization of intangible assets 8.8 9.0
Amortization of deferred financing fees 1.2 1.8
Deferred income taxes 1.4 (0.3)
Loss on early debt extinguishment 6.2 0.4
Loss on sale of property, plant and equipment 0.2 0.6
Loss on sale of discontinued operations 9.9 1.6
Other (4.5) 4.5
Changes in operating assets and liabilities, excluding effects of business acquisitions and divestitures:    
Accounts receivable (43.1) (12.0)
Inventories (101.5) (102.2)
Other assets (5.5) (1.9)
Accounts payable (32.8) 2.7
Accrued expenses and other liabilities (115.4) (39.1)
Net cash used for operating activities of continuing operations (264.6) (102.9)
Net cash used for operating activities of discontinued operations (6.8) (5.1)
Net cash used for operating activities (271.4) (108.0)
Cash Flows from Investing:    
Capital expenditures (16.7) (20.9)
Proceeds from sale of property, plant and equipment 1.0 0.5
Restricted cash (13.2) (0.5)
Proceeds from sale of business 0 39.2
Net Cash (Used For) Provided by Investing Activities, Continuing Operations (28.9) 18.3
Cash Used For Investing Activities, Discontinued Operations 0 (0.2)
Net cash (used for) provided by investing activities (28.9) 18.1
Cash Flows from Financing:    
Proceeds from revolving credit facility 314.0 149.7
Payments on long-term debt (570.7) (29.5)
Proceeds from long-term debt 580.6 9.1
Payments on notes financing (7.2) (14.3)
Debt issuance costs (4.9) 0
Exercises of stock options 19.9 2.7
Net Cash Provided by Financing Activities, Continuing Operations 331.7 117.7
Cash Used For Financing Activities, Discontinued Operations (7.2) 0
Net cash provided by financing activities of continuing operations 324.5 117.7
Effect of exchange rate changes on cash (0.3) 0
Net increase in cash and cash equivalents 23.9 27.8
Balance at beginning of period 54.9 73.2
Balance at end of period $ 78.8 $ 101.0