v3.2.0.727
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities:    
Consolidated net income $ 13.1 $ 17.5
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation 89.8 86.8
Amortization 36.8 37.4
Long-lived asset impairment charges, net 0.3 0.7
Other 6.9 9.6
Deferred income taxes (30.0) (24.8)
Change in operating assets and liabilities (80.7) (111.0)
Net cash provided by operating activities 36.2 16.2
Cash flows from investing activities:    
Capital expenditures (77.5) (87.7)
Acquisitions, net of cash acquired   (5.8)
Proceeds from sale of assets and other 9.0 1.7
Net cash used in investing activities (68.5) (91.8)
Cash flows from financing activities:    
Borrowings on ABL revolver   148.9
Repayments on ABL revolver   (135.2)
Issuance of long-term debt 248.8  
Long-term debt payments (196.1) (1.7)
Deferred acquisition payments (10.0)  
Lease financing obligation payment   (2.3)
Fees paid relating to financing activities (3.5) (0.6)
Dividends paid (23.1) (22.6)
Distribution to noncontrolling interest (8.4) (7.7)
Share-based compensation plan activity (6.2) (4.7)
Net cash provided by (used in) financing activities 1.5 (25.9)
Effect of exchange rate changes on cash and cash equivalents (4.6) (2.3)
Net change in cash and cash equivalents (35.4) (103.8)
Cash and cash equivalents at beginning of period 166.8 166.5
Cash and cash equivalents at end of period $ 131.4 $ 62.7