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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Apr. 03, 2022
Apr. 04, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ 14.8 $ (39.1)
Adjustments to reconcile net income (loss) to cash used in operating activities:    
Depreciation and amortization 79.4 82.7
Unrealized foreign exchange (gains) losses, net (10.1) 22.0
Loss on extinguishment of debt 0.0 50.3
Amortization of deferred financing costs and original issue discount 2.0 2.4
Stock-based compensation 2.6 3.5
Deferred tax (benefit) provision (0.8) 1.0
Change in allowance for credit losses 0.6 0.3
Other, net 0.6 (15.9)
Changes in operating assets and liabilities:    
Accounts receivable 13.7 (10.3)
Inventories (35.8) (41.7)
Other current and non-current assets (25.2) (15.0)
Accounts payable and accrued liabilities (39.8) (56.5)
Deferred revenue (3.9) (1.0)
Other current and non-current liabilities (2.1) 7.4
Cash used in operating activities (4.0) (9.9)
Cash Flows from Investing Activities:    
Purchase of property, plant and equipment (27.0) (13.4)
Proceeds from cross currency swaps 0.0 2.4
Milestone payments and other, net (0.2) 0.3
Cash used in investing activities (27.2) (10.7)
Cash Flows from Financing Activities:    
Proceeds from initial public offering   1,426.4
Payment of initial public offering costs 0.0 (5.0)
Payments on long-term borrowings (1.3) (1,375.9)
Payments on short-term borrowings, net 0.0 (5.4)
Proceeds from exercise of stock options 3.4 1.0
Cash provided by financing activities 2.1 41.1
Effect of exchange rate changes on cash 0.5 (0.2)
(Decrease) increase in cash, cash equivalents and restricted cash (28.6) 20.3
Cash, cash equivalents and restricted cash at beginning of period 311.6 144.2
Cash, cash equivalents and restricted cash at end of period $ 283.0 $ 164.5