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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash Flows from Operating Activities    
Net income/(loss) $ 55.6 $ 29.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8.3 [1] 11.1 [1]
Impairment of Octane Additives segment goodwill 0.9 1.7
Deferred taxes 0.9 (4.0)
Profit on disposal of property, plant and equipment (0.1) 0
Non-cash issue of promissory note in civil complaint settlement 0 15.0
Non-cash issue of treasury stock in civil complaint settlement 0 5.0
Changes in working capital:    
Trade and other accounts receivable 6.3 (7.8)
Inventories (7.6) (15.7)
Prepaid expenses (0.2) (1.0)
Accounts payable and accrued liabilities 7.5 0.2
Excess tax benefit from stock based payment arrangements (2.1) (1.2)
Accrued income taxes 1.0 (9.6)
Movement on plant closure provisions 0 (0.5)
Cash contributions to defined benefit pension plans (7.0) (6.9)
Non-cash expense of defined benefit pension plans 0.1 0.3
Stock option compensation 2.4 2.3
Movements on other non-current assets and liabilities (2.0) 2.7
Net cash provided by operating activities 64.0 20.9
Cash Flows from Investing Activities    
Capital expenditures (5.7) (5.9)
Capitalization of internally developed software and other costs (6.4) 0
Proceeds on disposal of property, plant and equipment 0.2 0
Purchase of short-term investments (3.3) (4.2)
Sale of short-term investments 4.2 3.6
Net cash (used in) investing activities (11.0) (6.5)
Cash Flows from Financing Activities    
Net receipt of revolving credit facility 4.0 43.0
Repayment of term loan 0 (15.0)
Repayment of promissory note (5.0) 0
Excess tax benefit from stock based payment arrangements 2.1 1.2
Issue of treasury stock 0.8 0.7
Repurchase of common stock (1.4) (19.5)
Net cash provided by financing activities 0.5 10.4
Effect of foreign currency exchange rate changes on cash (0.1) 0.2
Net change in cash and cash equivalents 53.4 25.0
Cash and cash equivalents at beginning of period 76.2 107.1
Cash and cash equivalents at end of period $ 129.6 $ 132.1
[1] Amortization of deferred finance costs of $0.3 million (2011-$0.5 million) are included in depreciation and amortization in the cash flow statement but in interest expense in the income statement.