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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2017
Operating activities      
Net income $ 34.3 $ 76.0 $ 74.1
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation 58.0 56.1 63.3
Amortization of intangible assets 34.3 33.6 42.1
Amortization of deferred financing costs 1.5 1.9 2.4
Non-cash discontinued operations asset impairment 126.0 111.2 0.0
Non-cash loss on sale of discontinued operations 22.5 0.0 0.0
Non-cash asset impairment 0.3 0.8 1.5
Loss on dispositions of property, plant and equipment 0.5 0.9 0.2
Deferred income taxes (27.5) (77.5) (18.4)
Actuarial gain on pension and post retirement benefit obligations (0.4) (3.3) (2.6)
Other non-cash charges (credits) 6.1 2.3 (1.0)
(Gain) loss on extinguishment of debt (4.3) 11.9 7.8
Stock-based compensation expense 22.6 20.5 13.4
Changes in operating assets and liabilities:      
Receivables (29.8) (31.0) (5.8)
Inventories (24.7) 11.5 22.5
Other assets 4.1 (16.6) (9.2)
Accounts payable (1.3) 13.0 (5.3)
Accruals and other 35.9 17.2 10.1
Cash provided by operating activities 258.1 228.5 195.1
Investing activities      
Expenditures for property, plant and equipment (44.9) (40.7) (54.5)
Acquisitions, net of cash acquired (23.4) (173.6) (213.7)
Proceeds from dispositions of long-lived assets 4.7 5.5 4.2
Cash dividend from equity method investment 1.3 0.0 0.0
Net proceeds from divestiture of discontinued operations 9.0 0.0 0.0
Cash used for investing activities (53.3) (208.8) (264.0)
Financing activities      
Proceeds from borrowings of debt 270.8 1,529.8 1,606.4
Repayments of debt (369.0) (1,816.2) (1,905.3)
Payment of debt issuance costs 0.0 (11.0) (11.8)
Deferred acquisition payment 0.0 0.0 (5.7)
Proceeds from issuance of preferred stock, net of direct offering costs 0.0 0.0 389.7
Payment of preferred stock dividends (23.2) (23.2) (4.4)
Proceeds from exercise of stock options 7.9 7.2 11.0
Taxes withheld and paid on employees' share-based payment awards (3.2) (1.2) 0.0
Proceeds from financing lease obligations 0.0 5.8 0.0
Cash (used for) provided by financing activities (116.7) (308.8) 79.9
Effect of exchange rate changes on cash, cash equivalents and restricted cash (13.2) 16.6 (5.5)
Increase (decrease) in cash, cash equivalents and restricted cash 74.9 (272.5) 5.5
Cash, cash equivalents and restricted cash at beginning of period 217.6 490.1 484.6
Cash, cash equivalents and restricted cash at end of period $ 292.5 $ 217.6 $ 490.1