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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income $ 1.9 $ 21.4 $ (37.6) $ 54.5
Depreciation and amortization 25.9 27.7 79.6 83.5
Stock-based compensation expense 3.8 2.5 6.9 7.3
Deferred and other income taxes 2.4 12.8 (19.4) 23.5
Pension and other postretirement employee benefits 2.1 0.9 5.3 2.9
Gain (Loss) on Extinguishment of Debt 0.5 3.9 0.5 4.8
Non-cash charges associated with mill closure     37.1  
(Increase) decrease in accounts receivable (12.9) 12.8 (0.1) (5.7)
(Increase) decrease in inventory (3.5) (21.0) (28.3) 25.0
(Increase) decrease in other current assets 0.9 0.6 5.3 (4.8)
Increase (decrease) in accounts payable and accrued liabilities (4.8) (5.7) 13.8 (14.4)
Other, net 0.0 (0.1) 1.4 (0.6)
Net cash flows provided by operating activities 16.3 55.7 64.4 176.1
CASH FLOWS FROM INVESTING ACTIVITIES        
Additions to property, plant and equipment (8.9) (9.7) (29.9) (27.5)
Net cash flows used in investing activities (8.9) (9.7) (29.9) (27.5)
CASH FLOWS FROM FINANCING ACTIVITIES        
Borrowings of short-term debt 0.0 0.0 0.0 108.5
Repayments of short-term debt 0.0 0.0 0.0 (122.0)
Borrowings of long-term debt 0.0 275.0 0.0 275.0
Repayments of long-term debt (40.5) (317.6) (41.3) (379.0)
Payments for debt issuance costs 0.0 (4.3) 0.0 (4.3)
Proceeds from sale of stock under employee awards 0.0 0.0 0.5 0.0
Taxes paid related to net share settlement of equity awards 0.0 0.0 (1.7) (0.7)
Other, net 0.0 0.2 0.0 0.0
Net cash flows used in financing activities (40.5) (46.7) (42.5) (122.5)
Increase (decrease) in cash, cash equivalents and restricted cash (33.1) (0.6) (8.1) 26.1
Cash, cash equivalents and restricted cash at beginning of period 62.0 49.2 36.9 22.4
Cash, cash equivalents and restricted cash at end of period 28.9 48.6 28.9 48.6
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Cash paid for interest, net of amounts capitalized 15.9 19.5 34.6 43.6
Cash paid (received) for income taxes 1.0 (4.7) (8.3) (6.9)
Cash and cash equivalents 27.8 47.5 27.8 47.5
Restricted cash included in Other assets, net 1.1 1.1 1.1 1.1
Total cash, cash equivalents and restricted cash $ 28.9 $ 48.6 $ 28.9 $ 48.6