XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income $ 21.4 $ (11.0) $ 54.5 $ (7.6)
Depreciation and amortization 27.7 32.0 83.5 86.3
Stock-based compensation expense 2.5 0.9 7.3 3.0
Deferred taxes 12.8 (11.2) 23.5 (6.0)
Pension and other postretirement employment benefits 0.9 0.7 2.9 1.0
Debt retirement costs 3.9 2.7 4.8 2.7
Gain on divested assets 0.0 0.0 1.4 0.0
(Increase) decrease in accounts receivable 12.8 13.4 (5.7) (12.5)
(Increase) decrease in inventory (21.0) 4.0 25.0 (21.1)
(Increase) decrease in other current assets 0.6 0.6 (4.8) (5.2)
Increase (decrease) in trade payables 4.1 (54.4) (16.2) (61.7)
Increase (decrease) in accrued compensation (0.5) 0.1 5.1 (4.0)
Increase (decrease) in other accrued liabilities (9.3) (10.5) (3.3) 5.8
Other, net (0.1) 1.8 0.8 3.0
Net cash flows provided by (used in) operating activities 55.7 (31.0) 176.1 (16.2)
CASH FLOWS FROM INVESTING ACTIVITIES        
Additions to property, plant and equipment (9.7) (17.4) (27.5) (125.8)
Net cash flows used in investing activities (9.7) (17.4) (27.5) (125.8)
CASH FLOWS FROM FINANCING ACTIVITIES        
Borrowings of short-term debt 0.0 98.0 108.5 534.9
Repayments of short-term debt 0.0 (276.0) (122.0) (598.7)
Borrowings of long-term debt 275.0 296.1 275.0 296.1
Repayments of long-term debt (317.6) (101.7) (379.0) (101.7)
Payments for debt issuance costs (4.3) (1.8) (4.3) (1.8)
Other, net 0.2 (0.3) (0.7) (1.4)
Net cash flows provided by (used in) financing activities (46.7) 14.3 (122.5) 127.4
Increase (decrease) in cash, cash equivalents and restricted cash (0.6) (34.0) 26.1 (14.7)
Cash, cash equivalents and restricted cash at beginning of period 49.2 44.3 22.4 24.9
Cash, cash equivalents and restricted cash at end of period 48.6 10.3 48.6 10.3
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:        
Cash paid for interest, net of amounts capitalized 19.5 22.4 43.6 38.8
Cash (received) paid for income taxes (4.7) 0.3 (6.9) 2.0
Total cash, cash equivalents and restricted cash $ 48.6 $ 10.3 $ 48.6 $ 10.3