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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 35.2 $ 9.0
Adjustments to reconcile net income to net operating cash flows:    
Depreciation 14.3 6.9
Amortization of intangible assets 17.8 2.5
Amortization of deferred financing costs 1.1 0.2
Loss(gain) on foreign currency, net 1.0 (0.1)
Loss on partial settlement of pension plan   5.1
Loss on disposal, impairment and other 0.3 0.1
Stock based compensation 3.5 1.3
Changes in assets and liabilities, net of assets acquired:    
Trade receivables (22.5) (12.9)
Inventories (10.6) (0.5)
Accounts payable and accrued liabilities (4.9) (5.9)
Other current assets and liabilities 18.5 0.0
Other operating assets and liabilities (14.4) (2.0)
Net cash provided by operating activities 39.3 3.7
Cash flows from investing activities    
Purchase of property, plant and equipment (14.0) (7.0)
A&S acquisition purchase price adjustment (13.5)  
Proceeds from sale of building 0.3  
Net cash used in investing activities (27.2) (7.0)
Cash flows from financing activities    
Payments on 2015 Revolving Credit Facility   (4.9)
Payments on Term Loan Facility (15.0)  
Dividend payments (11.1) (5.0)
Borrowing under 2015 Revolving Credit Facility   8.0
Payments of equipment, working capital notes, mortgages and other debts (0.2) (0.3)
Proceeds from issuance of China debt 1.2  
Shares surrendered for tax withholding (2.1) (1.5)
Net cash used in financing activities (27.2) (3.7)
Effect of exchange rate changes on cash and cash equivalents (1.5) 1.4
Net change in cash and cash equivalents (16.6) (5.6)
Cash and cash equivalents at beginning of period 169.0 52.0
Cash and cash equivalents at end of period 152.4 46.4
Cash paid during the period for:    
Interest paid on borrowings 11.4 1.8
Income taxes paid $ 7.9 $ 2.6