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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities    
Net income $ 64.2 $ 28.0
Adjustments to reconcile net income to net operating cash flows:    
Depreciation 28.9 13.8
Amortization of intangible assets 35.4 4.9
Amortization of deferred financing costs 2.3 0.3
Loss on foreign currency, net 0.8  
Loss on partial settlement of pension plan   5.1
Loss on disposal, impairment and other 0.2 0.3
Stock-based compensation 7.0 2.7
Changes in assets and liabilities, net of assets acquired:    
Trade receivables (10.2) (13.0)
Inventories (6.3) (5.5)
Accounts payable, accrued payroll, accruals and current liabilities (20.2) 2.0
Other current assets and liabilities (4.5) (3.9)
Other operating assets and liabilities (1.5) (5.6)
Net cash provided by operating activities 96.1 29.1
Cash flows from investing activities    
Purchase of property, plant and equipment (24.1) (14.9)
A&S acquisition purchase price adjustment (13.5)  
Acquisition of Aluminium Die Casting, S.r.L.   (2.7)
Proceeds from sale of building 0.3  
Net cash used in investing activities (37.3) (17.6)
Cash flows from financing activities    
Payments on 2015 Revolving Credit Facility   (24.4)
Payments on Term Loan Facility (50.0)  
Dividend payments (22.0) (10.0)
Borrowing under 2015 Revolving Credit Facility   11.0
Payments of equipment, working capital notes, mortgages and other debts (0.5) (0.6)
Proceeds from issuance of China debt 2.4  
Shares surrendered for tax withholding (2.3) (1.5)
Net cash used in financing activities (72.4) (25.5)
Effect of exchange rate changes on cash and cash equivalents (1.8) 0.1
Net change in cash and cash equivalents (15.4) (13.9)
Cash and cash equivalents at beginning of period 169.0 52.0
Cash and cash equivalents at end of period 153.6 38.1
Cash paid during the period for:    
Interest paid on borrowings 35.3 3.6
Income taxes paid $ 24.4 $ 8.1