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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities      
Net earnings $ 134.0 $ 79.5 $ 157.1
Adjustments to reconcile net earnings to cash provided by operating activities:      
Depreciation 16.7 17.3 19.6
Amortization expense 31.2 31.2 31.4
Amortization of debt issuance costs 5.4 4.8 0.0
Loss on early extinguishment of debt 4.4 0.0 0.0
Deferred income taxes (63.3) (9.9) (30.0)
Stock-based compensation expense 11.1 6.3 2.3
Loss from impairment or disposal of assets — net (4.0) 3.3 9.9
Loss (gain) on divestitures and acquisitions 0.2 0.0 (14.8)
Changes in operating assets and liabilities, excluding the effects of business acquisitions or dispositions:      
Accounts receivable 10.8 (8.3) (7.5)
Inventories (1.8) (3.6) 4.7
Other assets (0.6) (11.5) 1.4
Accounts payable (7.9) (11.1) (25.6)
Other current and long-term liabilities 1.6 27.8 (5.5)
Net cash provided by operating activities 137.8 125.8 143.0
Cash flows from investing activities      
Capital expenditures (20.7) (16.0) (13.2)
Proceeds from sale of property, plant and equipment 12.3 0.5 0.0
Changes in restricted cash 6.2 (6.0) (0.6)
Acquisition of intangible assets (1.2) 0.0 0.0
Business acquisitions, net of cash acquired 0.0 0.0 (5.3)
Proceeds from dispositions 0.0 1.1 78.2
Net cash (used in) provided by investing activities (3.4) (20.4) 59.1
Cash flows from financing activities      
Proceeds from long-term debt and capital leases 155.0 1,501.1 0.5
Repayments on long-term debt and capital leases (204.1) (186.8) (0.7)
Proceeds from short-term borrowings 4.0 0.0 0.0
Repayment of short-term borrowings (4.0) 0.0 0.0
Debt issuance costs (2.0) (41.3) 0.0
Dividend paid to MTW 0.0 (1,362.0) 0.0
Net transactions with MTW 0.0 (6.1) (182.9)
Exercises of stock options 4.8 16.2 0.0
Payments on tax withholdings for equity awards (5.4) (3.8) 0.0
Net cash used in financing activities (51.7) (82.7) (183.1)
Effect of exchange rate changes on cash (8.1) (0.9) (3.5)
Net increase in cash and cash equivalents 74.6 21.8 15.5
Balance at beginning of period 53.8 32.0 16.5
Balance at end of period 128.4 53.8 32.0
Supplemental disclosures of cash flow information:      
Cash paid for income taxes, net of refunds 34.3 42.1 13.2
Cash paid for interest $ 94.7 $ 69.6 $ 0.0