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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Net income (loss) $ 295.4 $ (65.3) $ 82.7
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 55.9 53.9 58.4
Stock-based compensation 5.5 1.9 3.1
Deferred income taxes 0.6 (16.6) 48.0
Provision for allowances, claims, and doubtful accounts 3.2 (0.7) 3.5
Restructuring and other charges   2.2 2.4
Loss on retirement of debt 5.5 17.7 0.2
Gain on sale of assets (109.6)   (20.6)
Non-cash (gain) loss from derivatives 27.6 (10.6) 0.6
Gain on insurance settlement     (1.5)
Pension settlement charge 98.7 65.9 1.6
Other items 0.1 0.2 1.2
Change in operating assets and liabilities, net of effects of acquisitions:      
Receivables (252.5) 46.7 92.5
Inventories (227.9) 138.9 65.9
Other assets and liabilities (23.3) 13.0 4.9
Accounts payable 123.6 25.8 (78.2)
Accrued liabilities 32.0 16.7 (34.6)
Accrued taxes payable/receivable 25.2 (1.2) (7.6)
Deferred employee benefit costs (25.0) (10.6) (29.4)
Net adjustments (260.4) 343.2 110.4
Net cash provided by operating activities 35.0 277.9 193.1
Investing activities:      
Acquisitions, net of cash acquired (14.5)    
Capital expenditures (59.3) (26.0) (45.8)
Proceeds from sale of property, plant, and equipment 166.3 0.1 70.4
Proceeds from insurance settlement     1.8
Proceeds from other investing activities 1.9    
Net cash provided by (used in) investing activities 94.4 (25.9) 26.4
Financing activities:      
Long term debt issued   500.0  
Repayment of debt (157.3) (654.7) (12.7)
Net proceeds (repayments) of short-term borrowings 45.8 (93.8) (164.6)
Bond issuance costs   (10.9)  
Credit facility issuance costs   (4.9)  
Net increase (decrease) in book overdrafts (7.7) 27.4 0.1
Principal payments on finance lease obligations (10.5) (13.1) (13.6)
Contingent payment related to acquisitions     (1.3)
Proceeds from sale leaseback transactions     8.3
Dividends paid to shareholders (6.4)    
Dividends paid to non-controlling interest   (0.2)  
Share repurchases (1.8)    
Net cash used in financing activities (137.9) (250.2) (183.8)
Net increase (decrease) in cash, cash equivalents, and restricted cash (8.5) 1.8 35.7
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1.6) 0.9 (0.2)
Net change in cash, cash equivalents, and restricted cash (10.1) 2.7 35.5
Cash, cash equivalents, and restricted cash—beginning of period 62.5 59.8 24.3
Cash, cash equivalents, and restricted cash—end of period 52.4 62.5 59.8
Cash paid (received) during the period for:      
Interest paid to third parties, net 51.1 62.0 88.3
Income taxes, net 70.2 (5.7) (6.6)
Noncash investing activities:      
Asset additions under adoption of accounting principal ASC 842     82.3
Asset additions under operating leases 129.6 1.6 64.8
Asset additions under finance leases and failed sale-leasebacks $ 15.8 $ 3.6 2.2
Asset additions under financing arrangements     2.2
Noncash financing activities:      
Short term debt converted to finance lease     $ 7.6