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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net (Loss)/Income $ (116.6) $ 35.2
Adjustments to reconcile net income to net operating cash flows:    
Depreciation 14.6 14.3
Amortization of intangible assets 17.5 17.8
Amortization of deferred financing costs 1.1 1.1
Impairment of goodwill and intangible asset 147.5  
(Gain)/Loss on foreign currency, net (2.0) 1.0
Loss on disposal, impairment and other   0.3
Stock-based compensation 3.3 3.5
Changes in assets and liabilities:    
Trade receivables (4.7) (22.5)
Inventories (11.8) (10.6)
Accounts payable, accrued payroll, accruals and current liabilities (0.9) (4.9)
Other current assets and liabilities (10.8) 18.5
Other operating assets and liabilities (2.3) (14.4)
Net cash provided by operating activities 34.9 39.3
Cash flows from investing activities    
Purchase of property, plant and equipment (8.2) (14.0)
A&S acquisition purchase price adjustment   (13.5)
Proceeds from sale of building   0.3
Proceeds from cross currency interest rate swap settlement 56.2  
Net cash provided by (used in) investing activities 48.0 (27.2)
Cash flows from financing activities    
Payments on Term Loan Facility (6.0) (15.0)
Dividend payments (11.3) (11.1)
Net payments of financing leases, mortgages, and other obligations (0.1) (0.2)
Net (payments)/proceeds from China debt (0.6) 1.2
Shares surrendered for tax withholding (1.9) (2.1)
Additional borrowing under revolver 100.0  
Net cash provided by (used in) financing activities 80.1 (27.2)
Effect of exchange rate changes on cash and cash equivalents (3.4) (1.5)
Net change in cash and cash equivalents 159.6 (16.6)
Cash and cash equivalents at beginning of period 167.3 169.0
Cash and cash equivalents at end of period 326.9 152.4
Cash paid during the period for:    
Interest paid on borrowings 12.5 11.4
Income taxes paid $ 9.6 $ 7.9