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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities:    
Net income $ 15.0 $ 13.5
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 10.7 10.9
Stock-based compensation 0.3 0.2
Deferred income taxes 6.6 8.4
Provision for allowances, claims and doubtful accounts 0.3 0.9
Gain on retirement of debt   (8.2)
Non-cash (gain) loss from derivatives 0.1 (3.2)
Other items (0.2) (0.1)
Change in operating assets and liabilities:    
Receivables (81.9) (36.0)
Inventories (52.8) (12.6)
Other assets 1.0 9.2
Accounts payable 60.1 54.6
Accrued liabilities 16.4 16.9
Accrued taxes payable/receivable (1.2) 0.2
Deferred employee benefit costs (6.9) (7.7)
Net adjustments (47.5) 33.5
Net cash provided by (used in) operating activities (32.5) 47.0
Investing activities:    
Acquisitions, net of cash acquired (49.4)  
Increase in restricted cash (0.2) (0.9)
Capital expenditures (4.0) (5.4)
Proceeds from sale of property, plant and equipment 1.7 1.2
Net cash used in investing activities (51.9) (5.1)
Financing activities:    
Repayment of debt   (16.9)
Net proceeds (repayments) of short-term borrowings 26.8 (23.5)
Net increase in book overdrafts 41.8 4.4
Principal payments on capital lease obligations (3.0) (1.3)
Proceeds from sale leaseback transactions 9.7  
Net cash provided by (used in) financing activities 75.3 (37.3)
Net increase (decrease) in cash and cash equivalents (9.1) 4.6
Effect of exchange rate changes on cash and cash equivalents 0.5 2.7
Net change in cash and cash equivalents (8.6) 7.3
Cash and cash equivalents—beginning of period 80.7 63.2
Cash and cash equivalents—end of period 72.1 70.5
Cash paid during the period for:    
Interest paid to third parties 2.3 3.5
Income taxes, net 0.7 0.4
Noncash investing activities:    
Asset additions under capital leases and sale-leasebacks $ 15.2 $ 0.5