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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net earnings $ 24.6 $ 35.1
Adjustments to reconcile net earnings to cash used in operating activities:    
Depreciation 8.7 8.0
Amortization expense 17.3 15.5
Amortization of debt issuance costs 2.7 2.6
Loss on early extinguishment of debt 0.0 3.4
Deferred income taxes (3.1) (14.8)
Stock-based compensation expense 5.6 6.8
Gain from impairment or disposal of assets — net (0.2) (0.2)
Loss on remeasurement of debt and other realized foreign currency derivative 19.1 0.0
Changes in operating assets and liabilities, excluding the effects of the business acquisition:    
Accounts receivable (313.0) (266.3)
Inventories (31.0) (23.5)
Other assets (4.0) (7.0)
Accounts payable 12.5 9.5
Other current and long-term liabilities (27.2) (23.1)
Net cash used in operating activities (288.0) (254.0)
Cash flows from investing activities    
Cash receipts on beneficial interest in sold receivables 285.7 257.4
Capital expenditures (8.0) (8.3)
Proceeds from sale of property, plant and equipment 0.0 6.0
Business acquisition, net of cash acquired (215.6) 0.0
Settlement of foreign exchange contract (10.0) 0.0
Net cash provided by investing activities 52.1 255.1
Cash flows from financing activities    
Proceeds from long-term debt 261.0 115.9
Repayments on long-term debt and capital leases (76.4) (71.7)
Debt issuance costs (0.4) (1.4)
Proceeds from short-term borrowings 30.0 4.0
Exercises of stock options 4.8 1.3
Payments on tax withholdings for equity awards (2.4) (2.6)
Net cash provided by financing activities 216.6 45.5
Effect of exchange rate changes on cash (5.2) (3.6)
Net (decrease) increase in cash and cash equivalents and restricted cash (24.5) 43.0
Balance at beginning of period 128.7 60.2
Balance at end of period 104.2 103.2
Supplemental disclosures of cash flow information:    
Cash paid for income taxes, net of refunds 23.3 20.1
Cash paid for interest, net of related hedge settlements 48.7 44.3
Non-cash investing activity:    
Beneficial interest obtained in exchange for securitized receivables $ 350.6 $ 353.9