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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income $ 36.6 $ 20.6 $ 90.1 $ 51.9
Depreciation and amortization 24.4 26.2 73.8 77.4
Equity-based compensation expense 3.5 4.0 7.0 9.6
Deferred taxes (4.4) (1.6) (7.3) (5.8)
Defined benefit pension and other postretirement employee benefits (0.4) 0.7 (1.5) 2.2
Amortization of deferred debt costs and debt retirement 0.3 0.5 0.9 1.8
Loss on sale or impairment associated with assets 0.3 1.2 1.4 5.8
Accounts receivable 23.6 4.2 7.9 (17.6)
Inventories 6.9 (39.2) (10.1) (49.1)
Other current assets 2.9 1.4 8.6 5.6
Accounts payable and accrued liabilities (6.0) (4.4) (46.9) 50.0
Other Operating Activities, Cash Flow Statement 0.4 (0.3) 1.0 1.1
Net cash flows provided by operating activities 88.2 13.3 125.0 132.8
CASH FLOWS FROM INVESTING ACTIVITIES        
Additions to property, plant and equipment, net 1 (14.2) [1] (6.7) [1] (48.5) (19.9)
Net cash flows used in investing activities (14.2) (6.7) (48.5) (19.9)
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) (25.3) (0.7) (80.8)
Payment, Tax Withholding, Share-based Payment Arrangement (0.1) 0.0 (4.7) (2.5)
Payments for Repurchase of Common Stock (5.0) (1.0) (15.1) (4.9)
Proceeds from (Payments for) Other Financing Activities (0.1) 0.7 (0.2) 0.7
Net cash flows used in financing activities (5.5) (25.7) (20.7) (87.6)
Increase (decrease) in cash, cash equivalents and restricted cash 68.5 (19.1) 55.8 25.3
Cash, cash equivalents and restricted cash at beginning of period 41.7 70.6 54.4 26.2
Cash, cash equivalents and restricted cash at end of period 110.2 51.5 110.2 51.5
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Cash paid for interest, net of amounts capitalized 14.6 15.4 29.9 32.3
Cash paid for income taxes 12.8 12.9 28.0 25.4
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH        
Cash and cash equivalents 110.2 50.8 110.2 50.8
Restricted cash included in other current assets, net 0.0 0.7 0.0 0.7
Total cash, cash equivalents and restricted cash $ 110.2 $ 51.5 $ 110.2 $ 51.5
[1] Capital expenditures of $16.5 million and $7.3 million that have not been paid as of September 30, 2023 and 2022 were excluded from the Statements of Cash Flows.