XML 18 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 49.8 $ (83.6)
Reconciliation of net income (loss) to net cash flows used in operating activities:    
Depreciation and amortization 183.5 172.9
Deferred income taxes (21.4) (19.9)
Foreign exchange (gain) loss (22.8) 70.2
Other, net 11.4 41.2
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (153.8) (94.8)
Inventories (112.3) (86.5)
Accounts payable 24.3 41.1
Accrued expenses 9.4 (14.7)
Prepaid expenses and other current assets (48.3) (24.6)
Other assets and liabilities (11.5) (11.6)
Net cash flows used in operating activities (91.7) (10.3)
Cash flows from investing activities:    
Capital expenditures (24.3) (28.7)
Investment in registrations of products (20.3) (18.1)
Proceeds from beneficial interests on sold accounts receivable 34.2 2.4
Proceeds from disposal of property, plant and equipment 1.9 4.0
Proceeds from the sale of equity investment 25.0 0.0
Acquisition of business, net of cash acquired (50.0) (0.3)
Other, net 0.8 (4.7)
Net cash flows used in investing activities (32.7) (45.4)
Cash flows from financing activities:    
Change in lines of credit, net 106.3 69.9
Debt proceeds, net of discount and premium 0.0 1,927.6
Repayments of borrowings (0.4) (1,946.7)
Change in on-balance sheet factoring arrangements (2.0) 5.1
Debt prepayment and debt extinguishment costs 0.0 (5.3)
Other, net (0.7) (8.6)
Net cash flows provided by financing activities 103.2 42.0
Effect of exchange rate changes on cash, cash equivalents and restricted cash (15.8) 18.4
Net (decrease) increase in cash, cash equivalents and restricted cash (37.0) 4.7
Cash, cash equivalents and restricted cash at beginning of period 483.9 423.5
Cash, cash equivalents and restricted cash at end of period 446.9 428.2
Non-cash investing activities:    
Beneficial interests obtained in exchange for sold accounts receivable $ 38.9 $ 27.7