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Condensed Consolidated Statements of Cash Flows
$ in Millions
1 Months Ended 6 Months Ended
Jul. 01, 2022
USD ($)
Jun. 30, 2023
USD ($)
Jun. 16, 2022
USD ($)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ (0.2) $ (1.1) $ (3.9)
Net loss (63.7)    
Depreciation and amortization 48.4 286.2 321.8
Deferred income taxes (6.4) 475.5 (473.0)
Reorganization Items, non-cash 0.0 0.0 425.4
Accretion Expense 7.7 138.6 0.0
Other Noncash Income (Expense) 6.1 (16.8) (35.3)
Increase (Decrease) in Accounts Receivable (17.0) (14.4) (49.8)
Increase (Decrease) in Inventories (24.6) (75.7) 33.2
Accounts payable (11.7) (24.5) (3.6)
Income taxes (4.1) 159.4 (26.9)
Increase (Decrease) in Other Operating Assets and Liabilities, Net 21.2 29.3 (2.5)
Net Cash Provided by (Used in) Operating Activities (15.5) 121.0 (642.3)
Payments to Acquire Property, Plant, and Equipment 3.7 26.3 33.4
Payments for (Proceeds from) Other Investing Activities 0.0 (0.7) (0.4)
Net Cash Provided by (Used in) Investing Activities 61.3 (25.6) (33.0)
Repayment of Long-term Debt, Long-term Lease Obligation, and Capital Security 1.7 22.0 904.6
Net Cash Provided by (Used in) Financing Activities (1.7) (22.1) (278.7)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 43.9 72.2 (957.9)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 491.2 538.9 447.3
Cash and cash equivalents 354.7 480.6 297.9
Restricted Cash and Investments, Current 100.1 22.7 113.0
Restricted Cash and Investments, Noncurrent 36.4 35.6 36.4
Repurchase of shares 0.0 (0.1) 0.0
Payments of claims 0.0 0.0 (629.0)
Proceeds from divestitures, net of cash 65.0 0.0 0.0
Issuance of external debt 0.0 0.0 650.0
Debt financing costs 0.0 0.0 (24.1)
Cash Flows From Operating Activities:      
Net loss (63.7)    
Adjustments to reconcile net cash from operating activities:      
Depreciation and amortization 48.4 286.2 321.8
Deferred income taxes (6.4) 475.5 (473.0)
Reorganization Items, non-cash 0.0 0.0 425.4
Other non-cash items (6.1) 16.8 35.3
Changes in assets and liabilities:      
Accounts receivable, net 17.0 14.4 49.8
Inventories 24.6 75.7 (33.2)
Accounts payable (11.7) (24.5) (3.6)
Income taxes (4.1) 159.4 (26.9)
Other (21.2) (29.3) 2.5
Net Cash From Operating Activities (15.5) 121.0 (642.3)
Cash Flows From Investing Activities:      
Capital expenditures (3.7) (26.3) (33.4)
Other 0.0 0.7 0.4
Net Cash From Investing Activities 61.3 (25.6) (33.0)
Cash Flows From Financing Activities:      
Repayment of external debt (1.7) (22.0) (904.6)
Net Cash Provided From Financing Activities (1.7) (22.1) (278.7)
Net change in cash, cash equivalents and restricted cash 43.9 72.2 (957.9)
Cash, cash equivalents and restricted cash at beginning of period 447.3 466.7 1,405.2
Cash, cash equivalents and restricted cash at end of period 491.2 538.9 447.3
Cash and cash equivalents, end of period 354.7 480.6 297.9
Restricted Cash and Investments, Current 100.1 22.7 113.0
Restricted Cash and Investments, Noncurrent 36.4 35.6 36.4
Retained Earnings (Deficit)      
Net loss (63.7) (997.1) (313.1)
Cash Flows From Operating Activities:      
Net loss (63.7) (997.1) (313.1)
Additional Paid-In Capital      
Share-based compensation 0.0 5.3 1.7
Adjustments to reconcile net cash from operating activities:      
Share-based compensation $ 0.0 $ 5.3 $ 1.7