XML 45 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2015
Sep. 27, 2014
Cash flows from operating activities:    
Net loss $ (30.6) $ (50.2)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation expense 37.8 31.6
Amortization expense, including increase to cost of products sold for inventory acquired in business combinations 49.5 45.5
Non-cash impairment charges 1.2 80.4
Loss from debt retirement 14.8 2.3
Non-cash interest expense, net 2.3 1.8
Non-cash share-based compensation expense 3.7 4.9
Excess tax benefit on share-based awards (0.5) (6.4)
Loss (gain) on sale of assets 3.0 (0.3)
Deferred income tax benefit (16.5) (44.3)
Changes in certain assets and liabilities, net of effects from acquisitions:    
Accounts receivable, net (26.0) (64.8)
Inventories (14.0) (85.0)
Prepaid and other current assets (2.8) 2.9
Accounts payable (12.8) 74.6
Accrued expenses, taxes, and deferred revenue 19.3 26.7
Long-term assets, liabilities and other, net (7.8) (2.1)
Total adjustments to net loss 51.2 67.8
Net cash provided by operating activities 20.6 17.6
Cash flows from investing activities:    
Capital expenditures (29.1) (27.7)
Net cash paid for businesses acquired and dispositions (64.7) (254.9)
Proceeds from the sale of property and equipment 0.1 1.6
Change in restricted cash and marketable securities 0.2 0.3
Other, net (0.4) (1.4)
Net cash used in investing activities (93.9) (282.1)
Cash flows from financing activities:    
Proceeds from ABL and other borrowings 340.7 142.4
Payment of ABL and other borrowings (293.2) (144.8)
Redemption of the 10% Senior Notes due 2018, including redemption premium (262.5) 0.0
Net proceeds from borrowings under the senior secured term loan facility due 2020 261.8 349.1
Redemption of the senior secured term loan facility due 2017 0.0 (93.0)
Fees paid in connection with debt facilities (2.7) (6.3)
Net use from equity transactions (1.9) (4.0)
Excess tax benefit on share-based awards 0.5 6.4
Other, net 0.0 0.0
Net cash provided by financing activities 42.7 249.8
Net change in unrestricted cash and cash equivalents (30.6) (14.7)
Unrestricted cash and cash equivalents at the beginning of the period 58.4 80.9
Unrestricted cash and cash equivalents at the end of the period $ 27.8 $ 66.2