XML 16 R7.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income $ 29.7 $ 14.7 $ 53.5 $ 31.3
Depreciation and amortization 24.6 25.7 49.4 51.2
Equity-based compensation expense 1.5 4.9 3.4 5.5
Deferred taxes (1.6) (1.9) (2.9) (4.1)
Defined benefit pension and other postretirement employee benefits (0.6) 0.8 (1.1) 1.5
Amortization of deferred debt costs and debt retirement 0.3 0.7 0.6 1.3
Loss on sale or impairment associated with assets 0.0 4.6 1.1 4.6
Accounts receivable (7.7) (11.3) (14.1) (21.8)
Inventories 5.3 (5.8) (17.0) (10.0)
Other current assets 5.4 4.2 5.8 4.2
Accounts payable and accrued liabilities (10.7) 40.6 (42.5) 54.5
Other Operating Activities, Cash Flow Statement (0.1) 1.3 0.6 1.4
Net cash flows provided by operating activities 46.0 78.5 36.9 119.5
CASH FLOWS FROM INVESTING ACTIVITIES        
Additions to property, plant and equipment, net 1 (12.8) [1] (5.4) [1] (34.3) (13.2)
Net cash flows used in investing activities (12.8) (5.4) (34.3) (13.2)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from Short-Term Debt 0.0 0.0 12.0 0.0
Repayments of Short-term Debt 0.0 0.0 (12.0) 0.0
Repayments of long-term debt (0.2) (35.1) (0.5) (55.5)
Payment, Tax Withholding, Share-based Payment Arrangement (0.4) (1.0) (4.6) (2.5)
Payments for Repurchase of Common Stock (8.4) (3.9) (10.1) (3.9)
Payments of Debt Issuance Costs 0.0 0.0 (0.1) 0.0
Net cash flows used in financing activities (8.9) (40.0) (15.3) (61.9)
Increase (decrease) in cash, cash equivalents and restricted cash 24.3 33.1 (12.7) 44.4
Cash, cash equivalents and restricted cash at beginning of period 17.4 37.5 54.4 26.2
Cash, cash equivalents and restricted cash at end of period 41.7 70.6 41.7 70.6
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Cash paid for interest, net of amounts capitalized 0.8 1.2 15.4 16.9
Cash paid for income taxes 15.1 12.5 15.1 12.5
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH        
Cash and cash equivalents 41.7 69.5 41.7 69.5
Restricted cash included in other assets, net 0.0 1.1 0.0 1.1
Total cash, cash equivalents and restricted cash $ 41.7 $ 70.6 $ 41.7 $ 70.6
[1] Capital expenditures of $14.0 million and $5.1 million that have not been paid as of June 30, 2023 and 2022 were excluded from the Statements of Cash Flows.