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Consolidated and Combined Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities:    
Net income $ 59.5 $ 44.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 41.5 32.9
Stock-based compensation expense 7.1 4.8
Provision for deferred income taxes 9.3 4.7
Gains on dispositions of property and other assets (1.9) (0.4)
(Increase) decrease in other assets 0.2 2.0
Increase (decrease) in other liabilities 2.3 (0.2)
Other (2.8) 0.0
Changes in current assets and liabilities:    
(Increase) decrease in receivables 65.3 20.8
(Increase) decrease in inventories (32.2) (14.0)
(Increase) decrease in other current assets 4.3 0.0
Increase (decrease) in accounts payable (13.5) 15.5
Increase (decrease) in accrued liabilities 2.1 (5.6)
Net cash provided by operating activities 141.2 105.3
Investing activities:    
Proceeds from dispositions of property and other assets 2.2 1.1
Capital expenditures (38.9) (20.4)
Acquisitions, net of cash acquired (22.8) (25.0)
Net cash required by investing activities (59.5) (44.3)
Financing activities:    
Payments to retire debt (80.7) (0.1)
Shares repurchased (8.0) 0.0
Dividends paid to common shareholders (5.0) 0.0
Purchase of shares to satisfy employee tax on vested stock (4.1) 0.0
Net transfers from/(to) Former Parent and affiliates 0.0 (54.0)
Proceeds from (Payments for) Other Financing Activities 0.0 (3.1)
Net cash required by financing activities (97.8) (57.2)
Net increase (decrease) in cash and cash equivalents (16.1) 3.8
Cash and cash equivalents at beginning of period 99.4 6.8
Cash and cash equivalents at end of period $ 83.3 [1] $ 10.6
[1] Unaudited