XML 72 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Net income (loss) $ (484.1) $ (56.8) $ 337.5
Depreciation and amortization 536.9 528.8 428.5
Impairment charges 667.9 515.5 1.5
Deferred income taxes (94.6) (35.0) (154.2)
Stock-based compensation 22.4 27.9 43.4
Pensions and other postretirement benefits, net of contributions (8.8) (9.9) (6.0)
(Gain) loss on sale or acquisition of business 10.5 (15.5) 0.0
(Gain) loss on disposal of property, plant and equipment, net 4.1 (3.2) 1.6
Debt refinancing and redemption costs and (gain) on settlement of capital lease 8.4 4.0 3.5
Changes in operating assets and liabilities, net of amounts acquired or disposed      
Accounts receivable 63.9 56.1 (44.9)
Inventories 56.1 (83.1) 2.5
Accounts payable and accrued expenses (97.7) 7.5 (12.6)
Deferred revenue (17.9) 10.7 14.8
Other assets and liabilities (107.5) (175.5) 31.4
Net cash provided by operating activities 559.6 771.5 647.0
Investing activities      
Purchases of property, plant and equipment (433.3) (524.7) (477.7)
Proceeds from sale of property, plant and equipment 5.0 4.9 2.5
Purchase buyouts of leased equipment (0.9) (0.5) (13.3)
Proceeds from sale of business, net 141.2 47.1 5.9
Acquisition of business, net of cash acquired (9.4) (1.3) (895.5)
Investment in affiliates (9.2) (3.7) 0.0
Net cash used in investing activities (306.6) (478.2) (1,378.1)
Financing activities      
Net short-term proceeds from credit facilities 0.0 0.0 4.4
Proceeds from issuance of long-term debt 356.3 509.6 2,862.7
Payments of long-term debt, finance lease obligations and other (545.5) (681.2) (2,154.4)
Debt issuance costs (3.3) (6.9) (91.0)
Purchase of noncontrolling interest 0.0 (2.3) 0.0
Employee stock option exercises 0.0 0.0 0.9
Purchase of treasury stock (7.5) (3.7) (7.0)
Net cash provided by (used in) financing activities (200.0) (184.5) 615.6
Effect of exchange rate changes on cash 0.1 (6.7) 11.1
Net increase (decrease) in cash, cash equivalents and restricted cash 53.1 102.1 (104.4)
Cash, cash equivalents and restricted cash at beginning of year 478.9 376.8 481.2
Cash, cash equivalents and restricted cash at end of year 532.0 478.9 376.8
Supplemental cash flow information      
Interest paid 205.4 199.7 182.7
Income taxes paid, net 57.1 46.0 31.9
Non-cash investing activities: AAM common shares issued for acquisition of MPG 0.0 0.0 576.7
Twelve year deferred payment obligation at 6% [Member]      
Supplemental cash flow information      
Non-cash investing activities: Debt security received for sale of U.S. Casting $ 60.0 $ 0.0 $ 0.0