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Consolidated (Condensed) Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net earnings $ 5.0 $ 18.1
Adjustments to reconcile net earnings to cash used in operating activities:    
Depreciation 4.0 4.3
Amortization of intangible assets 7.8 7.8
Amortization of debt issuance costs 1.3 0.4
Loss on early extinguishment of debt 3.2 0.0
Deferred income taxes (2.9) (2.9)
Stock-based compensation expense 4.4 1.3
Asset impairment expense 0.4 0.0
Changes in operating assets and liabilities:    
Accounts receivable (6.0) (8.4)
Inventories (23.9) (15.8)
Other assets (3.5) (8.3)
Accounts payable 8.6 (16.3)
Other current and long-term liabilities (49.0) (3.2)
Net cash used in operating activities (50.6) (23.0)
Cash flows from investing activities:    
Capital expenditures (4.9) (4.5)
Changes in restricted cash 6.2 0.3
Net cash provided by (used in) investing activities 1.3 (4.2)
Cash flows from financing activities:    
Proceeds from long-term debt and capital leases 78.9 1,431.4
Repayments on long-term debt and capital leases (2.5) (0.2)
Debt issuance costs (1.4) (40.6)
Changes in short-term borrowings 4.0 14.5
Dividend paid to MTW 0.0 (1,362.0)
Net transactions with MTW 0.0 6.1
Exercises of stock options 0.9 0.1
Net cash provided by financing activities 79.9 49.3
Effect of exchange rate changes on cash (1.8) 0.5
Net increase in cash and cash equivalents 28.8 22.6
Balance at beginning of period 53.8 32.0
Balance at end of period $ 82.6 $ 54.6