XML 41 R7.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES    
Net income $ 41.2 $ 31.5
Adjustments to reconcile net income to net cash provided from operating activities:    
Depreciation and amortization 30.6 29.7
Deferred income taxes 3.5 1.2
Net pension expense 3.8 2.9
Share-based compensation expense 4.1 3.0
Net loss on disposals of property, plant and equipment and assets held for sale 0.0 0.1
Changes in working capital and other:    
Accounts receivable (2.1) (3.5)
Inventories (51.1) (50.5)
Other current assets (10.1) (6.5)
Accounts payable 18.0 47.5
Accrued liabilities (30.8) (40.8)
Pension plan contributions (2.4) (2.3)
Other postretirement plan contributions (0.9) (0.8)
Other, net (3.1) (2.1)
Net cash provided from operating activities 0.7 9.4
INVESTING ACTIVITIES    
Purchases of property, plant, equipment and software (47.5) (41.6)
Proceeds from disposals of property, plant and equipment and assets held for sale 0.1 0.1
Proceeds from sales and maturities of marketable securities 0.0 2.9
Net cash used for investing activities (47.4) (38.6)
FINANCING ACTIVITIES    
Credit agreement borrowings 88.1 0.0
Credit agreement repayments (38.1) 0.0
Net change in short-term credit agreement borrowings 7.9 0.0
Dividends paid (9.7) (9.6)
Proceeds from stock options exercised 2.6 3.2
Withholding tax payments on share-based compensation awards (7.5) (4.1)
Net cash provided from (used for) financing activities 43.3 (10.5)
Effect of exchange rate changes on cash and cash equivalents 1.0 0.5
DECREASE IN CASH AND CASH EQUIVALENTS (2.4) (39.2)
Cash and cash equivalents at beginning of period 27.0 56.2
Cash and cash equivalents at end of period 24.6 17.0
Non-cash investing activities:    
Acquisition of property, plant, equipment and software $ 19.6 $ 10.1