XML 81 R6.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:    
Net income before non-controlling interest $ 143.3 $ 85.4
Loss from discontinued operations, net of tax 0.8 10.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 66.7 65.2
Amortization of stock-based compensation 20.0 19.6
Non-cash lease expense 3.6 0.0
Amortization of deferred financing costs 1.7 1.8
Bad debt expense 7.3 9.7
Deferred income taxes 0.5 9.2
Dividends received from unconsolidated affiliates 12.8 13.0
Equity income in earnings of unconsolidated affiliates (10.4) (11.5)
Loss on disposal of assets 0.3 2.2
Foreign currency adjustments and other (5.8) (2.4)
Changes in operating assets and liabilities (39.1) (72.5)
Net cash provided by operating activities from continuing operations 201.7 130.6
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:    
Purchases of property, plant and equipment (61.9) (55.8)
Acquisitions, net of cash acquired (17.1) 0.0
Other 15.0 0.3
Net cash used in investing activities from continuing operations (64.0) (55.5)
CASH FLOWS FROM FINANCING ACTIVITIES FROM CONTINUING OPERATIONS:    
Proceeds from borrowings under long-term debt obligations 602.5 863.0
Repayments of borrowings under long-term debt obligations (678.5) (922.7)
Proceeds from exercise of stock options 12.8 4.2
Treasury stock repurchased (55.5) (3.5)
Payments of deferred financing costs 0.1 0.0
Other (6.0) (4.7)
Net cash used in financing activities from continuing operations (124.8) (63.7)
Net cash provided by continuing operations 12.9 11.4
CASH USED IN DISCONTINUED OPERATIONS    
Operating cash flows (1.7) (17.6)
Investing cash flows 0.0 (0.2)
Financing cash flows 0.0 0.0
Net cash used in discontinued operations (1.7) (17.8)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (4.1) (2.1)
Increase (decrease) in cash and cash equivalents 7.1 (8.5)
CASH AND CASH EQUIVALENTS, beginning of period 45.8 41.9
CASH AND CASH EQUIVALENTS, end of period 52.9 33.4
LESS: CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS 0.0 (1.3)
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS 52.9 32.1
Cash paid during the period for:    
Interest 53.5 54.0
Income taxes, net of refunds $ 40.0 $ 22.0