XML 23 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 134.7 $ 18.2 $ 86.9
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property, plant and equipment and amortization of intangible assets and right of use assets 104.1 96.6 96.7
Amortization of debt issuance costs 4.1 2.1 2.1
Share-based incentive compensation 5.2 4.4 9.4
Deferred tax (benefit) provision 20.3 (12.2) 15.9
Foreign currency transactions (11.5) (4.9) 1.1
Reclassification of actuarial losses from AOCI 4.8 9.9 0.0
Other operating non-cash items, net (1.8) 0.1 1.8
Changes in operating assets and liabilities, net:      
Trade receivables (67.6) (16.5) 45.4
Inventories (94.9) 30.0 16.4
Trade payables 65.0 (18.7) (12.0)
Other provisions 7.0 2.3 (10.4)
Income tax liabilities (6.3) 16.4 (7.3)
Other assets and liabilities, net (17.9) (2.4) (14.5)
Net cash provided by operating activities 145.2 125.3 231.5
Cash flows from investing activities:      
Acquisition of intangible assets and property, plant and equipment (214.7) (144.9) (155.8)
Net cash used in investing activities (214.7) (144.9) (155.8)
Cash flows from financing activities:      
Proceeds from long-term debt borrowings 213.4 0.0 0.0
Repayments of long-term debt (213.0) (8.2) (8.0)
Cash inflows related to current financial liabilities 188.4 206.0 96.9
Cash outflows related to current financial liabilities (112.6) (171.1) (101.3)
Dividends paid to shareholders 0.0 (12.0) (48.1)
Other financing activities (2.9) (1.2) (8.1)
Net cash provided by (used in) financing activities 73.3 13.5 (68.6)
Increase (decrease) in cash, cash equivalents and restricted cash 3.8 (6.1) 7.1
Cash, cash equivalents and restricted cash at the beginning of the period 67.9 68.2 61.6
Effect of exchange rate changes on cash (3.2) 5.8 (0.5)
Cash, cash equivalents and restricted cash at the end of the period 68.5 67.9 68.2
Less restricted cash at the end of the period 2.8 3.0 4.5
Cash and cash equivalents at the end of the period 65.7 64.9 63.7
Cash paid for interest, net (22.8) (20.8) (20.4)
Cash paid for income taxes (37.6) (7.9) (24.1)
Supplemental disclosure of non-cash activity:      
Lease liabilities $ 11.6 $ 66.6 $ 32.6