XML 43 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Operating Activities    
Net loss $ (46.8) $ (85.9)
Adjustments to reconcile net loss to cash from operating activities:    
Depreciation and amortization 101.0 118.5
Non-cash restructuring related charges 0.8 20.4
Stock-based compensation 11.6 6.5
Impairment charges on fixed and intangible assets 3.9 0.0
Other, net (4.1) 0.1
Cash effect of changes in assets and liabilities (excluding effects of foreign exchange):    
Receivables, net 18.0 2.7
Inventories, net (6.9) (15.7)
Prepaid and other current assets (0.5) (3.8)
Accounts payable (23.0) 27.2
Accrued compensation and employee benefits (2.7) (4.2)
Other accrued expenses (18.1) 11.9
Accrued and deferred taxes, net (19.4) 17.4
Other non-current assets and non-current liabilities (1.4) (5.9)
Net cash provided by operating activities 12.4 89.2
Investing Activities    
Additions to property, plant and equipment (48.5) (68.1)
Acquisition of business (net of cash acquired) (35.1) 0.0
Proceeds from the sale of investments 4.0 0.0
Capitalized patent defense costs (0.9) (14.7)
Purchase of intellectual property license (0.5) 0.0
Proceeds from the sale of property, plant and equipment 0.4 0.2
Purchase of investment 0.0 (8.0)
Net cash used in investing activities (80.6) (90.6)
Financing Activities    
Payments under revolving credit facility (44.0) 0.0
Borrowings under revolving credit facility 130.0 0.0
Principal payments on term loan debt (11.3) 0.0
Proceeds from term loan debt 0.0 400.0
Debt issuance costs (0.3) (2.9)
Payments of capital lease obligations (1.0) 0.0
Payments for employee tax obligations upon vesting of stock-based awards (1.7) 0.0
Net transfers to Former Parent Company 0.0 (466.5)
Net proceeds from exercise of stock options and SSARs, including tax benefits 0.0 0.1
Net cash provided by (used in) financing activities 71.7 (69.3)
Effect of exchange rate changes on cash and cash equivalents (0.8) (0.6)
Net increase (decrease) in cash and cash equivalents 2.7 (71.3)
Cash and cash equivalents at beginning of period 55.2 105.6
Cash and cash equivalents at end of period $ 57.9 $ 34.3