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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jul. 04, 2021
Jun. 28, 2020
Cash Flows from Operating activities:    
Net loss $ (59.1) $ (142.5)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Depreciation and amortization 165.8 159.7
Unrealized foreign exchange (gains) losses, net (13.8) 55.9
Loss on extinguishment of debt 50.3 12.6
Amortization of deferred financing costs and original issue discount 4.4 5.3
Stock-based compensation 14.5 3.8
Deferred tax provision (benefit) 14.6 (0.1)
Change in allowance for credit losses 0.6 1.1
Other non-cash, net (20.4) 1.8
Changes in operating assets and liabilities:    
Accounts receivable 89.2 52.2
Inventories (85.9) (92.4)
Other current and non-current assets (7.6) (27.3)
Accounts payable and accrued liabilities (38.6) (90.2)
Deferred revenue 1.2 (5.3)
Other current and non-current liabilities 7.6 1.9
Cash provided by (used in) operating activities 122.8 (63.5)
Cash Flows from Investing activities:    
Purchases of property, plant and equipment (19.6) (24.3)
Proceeds from cross currency swaps 15.2 0.0
Milestone payments and other, net 0.1 (1.2)
Cash used in investing activities (4.3) (25.5)
Cash Flows from Financing activities:    
Proceeds from initial public offering 1,426.4 0.0
Payment of initial public offering costs (6.8) 0.0
Proceeds from long-term borrowings 0.0 1,422.7
Payments on long-term borrowings (1,392.1) (1,331.8)
Payments on short-term borrowings, net (79.9) (3.1)
Proceeds from exercise of stock options 2.2 0.2
Cash (used in) provided by financing activities (50.2) 88.0
Effect of exchange rate changes on cash (1.0) (2.7)
Increase (decrease) in cash, cash equivalents and restricted cash 67.3 (3.7)
Cash, cash equivalents and restricted cash at beginning of period 144.2 84.0
Cash, cash equivalents and restricted cash at end of period $ 211.5 $ 80.3