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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net Income/(loss) $ 39.2 $ (116.6)
Adjustments to reconcile net income/(loss) to net operating cash flows:    
Depreciation 13.1 14.6
Amortization of intangible assets 17.6 17.5
Amortization of deferred financing costs 1.2 1.1
Gain on foreign currency, net (0.2) (2.1)
Accretion of debt discount 0.1 0.1
Non-cash amortization of interest rate swap expense 3.1  
Impairment of goodwill and intangible asset   147.5
Loss on disposal and other 0.1  
Stock-based compensation 3.5 3.3
Changes in assets and liabilities:    
Trade receivables (21.5) (4.7)
Inventories (15.5) (11.8)
Accounts payable and accrued liabilities 5.7 (0.9)
Other current assets and liabilities (10.7) (10.8)
Other operating assets and liabilities 0.5 (2.3)
Net cash provided by operating activities 36.2 34.9
Cash flows from investing activities    
Purchase of property, plant and equipment (9.6) (8.2)
Proceeds from cross-currency interest rate swap settlement   56.2
Net cash (used in) provided by investing activities (9.6) 48.0
Cash flows from financing activities    
Borrowing under Revolving Credit Facility   100.0
Payments on Term Loan Facility (20.0) (6.0)
Dividend payments (3.9) (11.3)
Net payments on financing leases, mortgages, and other obligations (0.4) (0.1)
Net proceeds/(payments) from China debt 0.3 (0.6)
Shares surrendered for tax withholding (3.1) (1.9)
Net cash (used in) provided by financing activities (27.1) 80.1
Effect of exchange rate changes on cash and cash equivalents (4.5) (3.4)
Net change in cash and cash equivalents (5.0) 159.6
Cash and cash equivalents at beginning of period 254.4 167.3
Cash and cash equivalents at end of period 249.4 326.9
Cash paid during the period for:    
Interest paid on borrowings 6.4 12.5
Income taxes paid $ 16.6 $ 9.6