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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income $ (51.6) $ 22.8 $ (39.6) $ 33.1
Depreciation and amortization 26.8 27.8 53.7 55.8
Stock-based compensation expense 0.7 3.4 3.1 4.8
Deferred and other income taxes (21.4) 8.9 (21.8) 10.7
Pension and other postretirement employment benefits 1.5 1.2 3.2 2.0
Closure and impairment costs - Neenah 37.1   37.1  
(Increase) decrease in accounts receivable (12.9) 18.8 12.8 (18.5)
(Increase) decrease in inventory 4.9 5.1 (24.8) 46.1
(Increase) decrease in other current assets 4.5 3.6 4.4 (5.4)
Increase (decrease) in accounts payable and accrued liabilities 24.8 15.3 18.6 (8.7)
Other, net (0.1) 1.8 1.4 0.4
Net cash flows provided by operating activities 14.3 108.6 48.1 120.4
CASH FLOWS FROM INVESTING ACTIVITIES        
Additions to property, plant and equipment (9.9) (7.3) (21.1) (17.8)
Net cash flows used in investing activities (9.9) (7.3) (21.1) (17.8)
CASH FLOWS FROM FINANCING ACTIVITIES        
Borrowings of short-term debt 0.0 20.0 0.0 108.5
Repayments of short-term debt 0.0 (73.5) 0.0 (122.0)
Repayments of long-term debt (0.4) (60.4) (0.8) (61.5)
Proceeds from Stock Options Exercised 0.0 0.0 0.5 0.0
Payment, Tax Withholding, Share-based Payment Arrangement (0.1) 0.0 (1.7) (0.7)
Other, net 0.0 0.0 0.0 (0.2)
Net cash flows used in financing activities (0.5) (113.9) (2.0) (75.8)
Increase (decrease) in cash, cash equivalents and restricted cash 3.8 (12.6) 25.0 26.7
Cash, cash equivalents and restricted cash at beginning of period 58.2 61.8 36.9 22.4
Cash, cash equivalents and restricted cash at end of period 62.0 49.2 62.0 49.2
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Cash paid for interest, net of amounts capitalized 2.6 4.9 18.7 24.2
Cash (received) for income taxes (1.0) (2.2) (9.3) (2.2)
Cash and cash equivalents 60.9 48.2 60.9 48.2
Restricted cash included in Other assets, net 1.1 1.1 1.1 1.1
Total cash, cash equivalents and restricted cash $ 62.0 $ 49.2 $ 62.0 $ 49.2