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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 provided by (used in) operating activities:      
Net income (loss) $ 145.2 $ 44.4 $ 84.3
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 40.4 38.8 34.6
Deferred income taxes (25.7) (7.9) 8.3
Disposal/impairment of assets 2.2 1.5 3.9
Restructuring and other (income) charges, net 3.7 41.2 (7.5)
Share-based compensation 10.1 4.7 0.0
Pension and other postretirement benefit costs 1.3 0.7 0.0
Other non-cash items 7.3 4.8 0.8
Changes in operating assets and liabilities:      
Accounts receivable, net (9.5) 5.7 8.5
Inventories, net (6.6) (2.2) (24.1)
Prepaid and other current assets 6.5 (3.9) (6.7)
Accounts payable 1.7 (1.5) (22.3)
Accrued expenses 1.6 (1.9) 1.0
Accrued payroll and employee benefit costs 13.4 15.0 (7.8)
Income taxes (7.3) 4.5 0.8
Pension contribution (1.4) (1.0) 0.0
Restructuring and other spending (5.5) (8.3) 0.0
Changes in all other operating assets and liabilities, net (3.1) (6.7) (1.6)
Net cash provided by (used in) operating activities 174.3 127.9 72.2
Cash provided by (used in) investing activities:      
Capital expenditures (52.6) (56.7) (100.9)
Proceeds from divestiture 0.0 0.0 11.0
Net investment in equity securities (1.4) 0.0 0.0
Restricted investment (1.6) (69.7) 0.0
Other investing activities, net (3.0) 0.0 0.6
Net cash provided by (used in) investing activities (58.6) (126.4) (89.3)
Cash provided by (used in) financing activities:      
Net borrowings under our revolving credit facility (111.9) 111.9 0.0
Proceeds from long-term borrowings 75.0 300.0 0.0
Payments on long-term borrowings 0.0 0.0 (5.8)
Debt issuance costs (1.3) (3.6) 0.0
Borrowings (repayments) of notes payable and other short-term borrowings, net 0.0 (9.4) 7.1
Tax payments related to withholdings on vested restricted stock units (1.2) (0.3) 0.0
Proceeds and withholdings from share-based compensation plans, net 0.5 0.0 0.0
Repurchases of common stock under publicly announced plan (6.6) 0.0 0.0
Noncontrolling interest distributions (12.3) (5.4) (3.4)
Cash distributed to WestRock at Separation 0.0 (448.5) 0.0
Transactions with WestRock, net 0.0 51.9 29.1
Net cash provided by (used in) financing activities (57.8) (3.4) 27.0
Increase (decrease) in cash and cash equivalents 57.9 (1.9) 9.9
Effect of exchange rate changes on cash (0.5) 0.4 2.2
Cash and cash equivalents      
Change in cash, cash equivalents and restricted cash 57.4 (1.5) 12.1
Cash, cash equivalents, and restricted cash at beginning of period (1) 30.5 [1] 32.0 [1] 19.9
Cash, cash equivalents, and restricted cash at end of period [1] 87.9 30.5 32.0
Supplemental cash flow information:      
Cash paid for interest, net of capitalized interest 16.0 15.1 6.5
Cash paid for income taxes, net of refunds 61.9 22.4 1.4
Purchases of property, plant and equipment in accounts payable $ 5.1 $ 3.7 $ 1.3
[1] There was no restricted cash for the periods ended December 31, 2017, 2016 and 2015, respectively.