XML 49 R5.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
Cash flows from operating activities:      
Net (loss) income before non-controlling interest $ (30.5) $ (13.1) $ 13.0
Adjustments to reconcile net (loss) income before non-controlling interest to net cash provided by (used in) operating activities:      
Depreciation and amortization 40.2 45.7 46.0
Amortization of debt issuance costs 2.5 2.0 1.9
Stock-based compensation expense 7.8 7.2 6.3
Deferred income taxes (27.8) (5.0) (4.1)
Gain on sale of assets (1.2) (1.9) (3.0)
Impairment charges 12.1 8.9 35.6
Loss on sale of business 11.1    
Gain on acquisition of business (8.6)    
Changes in operating assets and liabilities, net      
Receivables, net 44.1 13.4 (22.3)
Inventories, net 27.1 (2.7) (74.5)
Other current assets (1.8) (9.8) (12.2)
Accounts payable (36.7) (17.2) 6.1
Accrued warranty 2.9 (8.6) (11.3)
Customer advances 4.9 12.1 21.9
Other liabilities 7.7 24.6 (23.6)
Long-term assets 1.9 (3.1) 1.0
Net cash provided by (used in) operating activities 55.7 52.5 (19.2)
Cash flows from investing activities:      
Purchase of property, plant and equipment (13.5) (20.8) (40.6)
Purchase of rental and used vehicles (3.3) (3.0) (20.1)
Proceeds from sale of assets 11.3 24.0 8.7
Proceeds from sale of businesses 54.5    
Investment in China JV     (7.6)
Acquisition of businesses, net of cash acquired (47.3)   (60.0)
Net cash provided by (used in) investing activities 1.7 0.2 (119.6)
Cash flows from financing activities:      
Net (repayments) proceeds from borrowings under April 2017 ABL Facility (35.1) (90.0) 141.5
Net proceeds from borrowings of Term Loan   49.2 50.0
Repayment of long-term debt (3.3) (1.5)  
Payment of dividends (9.5) (12.5) (12.8)
Repurchase and retirement of common stock   (8.3) (53.3)
Payment of debt issuance costs (1.0) (0.2) (1.0)
Proceeds from exercise of common stock options, net of employer payroll taxes 0.8 0.6 9.5
Other financing activities (1.2) 1.4 (1.0)
Net cash (used in) provided by financing activities (49.3) (61.3) 132.9
Net increase (decrease) in cash and cash equivalents 8.1 (8.6) (5.9)
Cash and cash equivalents, beginning of year 3.3 11.9 17.8
Cash and cash equivalents, end of year 11.4 3.3 11.9
Cash paid for:      
Interest 23.2 30.3 23.0
Income taxes, net of refunds $ 5.5 $ (9.1) $ 15.8