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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 182.3 $ 24.2
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 41.3 43.1
Stock-based compensation 5.0  
Amortization of debt discounts and issuance costs 1.5 1.9
(Gain) loss on disposal of assets, net 0.3 (0.8)
Loss on extinguishment of debt, net 10.1  
Gain on insurance recoveries   (2.9)
Other non-cash items 1.1 (1.0)
Changes in operating assets and liabilities:    
Accounts receivable (54.8) (100.0)
Accounts receivable from related parties (19.4) (17.7)
Inventories (17.3) (8.2)
Prepaid expenses and other assets (0.8) (0.1)
Accounts payable 25.0 48.3
Accrued expenses and other liabilities (0.8) 4.7
Net cash provided by (used in) operating activities 173.5 (8.5)
Cash flows from investing activities    
Capital expenditures (66.3) (19.8)
Proceeds from disposal of assets 0.6 1.8
Proceeds from insurance recoveries   4.2
Net cash used in investing activities (65.7) (13.8)
Cash flows from financing activities    
Repayments of long-term debt (499.3)  
Net proceeds from issuance of common stock 303.0  
Payments of revolving credit facility issuance costs (2.4)  
Net cash used in financing activities (198.7)  
Net decrease in cash, cash equivalents, and restricted cash (90.9) (22.3)
Cash, cash equivalents, and restricted cash at beginning of period 217.2 169.4
Cash, cash equivalents, and restricted cash at end of period $ 126.3 $ 147.1