XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES    
Net earnings $ 25.4 $ 3.8
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 58.7 78.1
Impairment charges 0.4 16.7
Amortization of debt issuance costs and original issue discount 0.9 1.1
Loss (gain) on debt extinguishment 2.6 (14.1)
Stock-based compensation 6.0 5.2
Gain on sale or disposal of property, plant and equipment (3.7) (1.4)
Deferred income taxes 3.2 (2.7)
Equity in loss of unconsolidated entity 0.7 0.9
Changes in operating assets and liabilities (30.9) 25.0
Net cash provided by operating activities 63.3 112.6
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (23.4) (26.2)
Proceeds from the sale of property, plant and equipment 10.8 2.5
Proceeds from insurance 3.0 0.0
Transfers from restricted cash 6.3 0.0
Loan to an unconsolidated entity (5.0) 0.0
Net cash used in investing activities (8.3) (23.7)
FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 375.0 18.4
Payments of long-term debt (384.0) (115.4)
Payments of capital lease obligations (2.1) (1.3)
Borrowings on revolving credit facilities 67.0 293.6
Payments on revolving credit facilities (83.8) (258.5)
Payments of debt issuance costs and financing fees (4.6) (0.1)
Bankruptcy claim payments on unsecured notes to be issued (4.1) 0.0
Purchases of treasury stock 0.0 (8.8)
Sale of stock for options exercised 1.3 0.0
Equity awards redeemed to pay employees' tax obligations (5.9) (1.4)
Payment of cash dividends (16.8) (15.4)
Other financing activities 0.0 (0.6)
Net cash used in financing activities (58.0) (89.5)
Effect of exchange rates on cash and cash equivalents 0.5 0.1
Net decrease in cash and cash equivalents (2.5) (0.5)
Cash and cash equivalents at beginning of period 9.0 10.8
Cash and cash equivalents at end of period $ 6.5 $ 10.3