XML 15 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income before non-controlling interest $ 22.8 $ 32.0
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation and amortization 20.9 19.6
Amortization of stock-based compensation 6.3 (3.4)
Amortization of deferred financing costs 0.6 0.5
Bad debt expense 1.4 2.4
Deferred income taxes 0.1 (5.3)
Dividends received from unconsolidated affiliates 1.6 1.3
Equity income in earnings of unconsolidated affiliates (3.9) (2.7)
Loss on sale of assets 0.2 0.3
Foreign currency adjustments and other (3.5) (0.1)
Changes in operating assets and liabilities (56.2) 22.6
Net cash (used in) provided by operating activities (9.7) 67.2
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (21.8) (12.9)
Other (4.2) 0.9
Net cash used in investing activities (17.6) (12.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under long-term debt obligations 417.1 302.9
Repayments of borrowings under long-term debt obligations (394.8) (331.8)
Proceeds from exercise of stock options 1.9 0.1
Treasury stock repurchased (2.9) (43.8)
Other (1.8) (3.4)
Net cash used in financing activities 19.5 (76.0)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 0.4 (2.4)
Decrease in cash and cash equivalents (7.4) (23.2)
CASH AND CASH EQUIVALENTS, beginning of period 41.9 65.7
CASH AND CASH EQUIVALENTS, end of period 34.5 42.5
Cash paid during the period for:    
Interest 7.9 6.6
Income taxes, net of refunds $ 9.4 $ 11.2