XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
Mar. 31, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Dec. 31, 2015
Cash flows from operating activities:            
Net loss $ (1.2)   $ (10.8) $ (11.2) $ (4.3)  
Adjustments to reconcile net loss to net cash provided by operating activities:            
Earnings from discontinued operations, net of income taxes       (0.1) (27.2)  
Depreciation and amortization       25.3 13.9  
Deferred income taxes       (0.7) (7.2)  
Change in fair value of common stock warrant liability (1.3)   6.3 (0.7) 5.6  
Share-based compensation expense included in Corporate and Other       1.0 0.6  
Amortization of debt issuance costs       2.4 2.4  
Unrealized losses (gains) on derivative financial instruments (1.9)   1.3 (1.5) 1.3  
Foreign exchange losses (gains) on intercompany loans 1.6     (1.0)    
Amortization of inventories and supplies purchase accounting adjustments       0.9 7.2  
Other       1.2 0.6  
Changes in operating assets and liabilities       (5.8) 62.6  
Net cash used in operating activities of discontinued operations       0.2 (0.6)  
Net cash provided by operating activities       10.0 54.9  
Cash flows from investing activities:            
Acquisition of business, net of cash         (522.3)  
Proceeds from sale of NABCO   $ 3.9   3.9 74.1  
Purchases of property and equipment       (11.1) (10.0)  
Other       0.1 (0.2)  
Net cash used in investing activities       (7.1) (458.4)  
Cash flows from financing activities:            
Payment of NABCO outstanding debt         (14.3)  
Proceeds from Asset-Based Facility, net of issuance costs       44.0 92.4  
Repayments on capital leases and the Asset-Based Facility       (43.1) (45.3)  
Proceeds from issuance of Senior Secured Notes, net of debt issuance costs         287.1  
Proceeds from exercise of common stock options and Warrants         1.1  
Proceeds from issuance of common stock, net of issuance costs         58.2  
Other       0.7 0.1  
Net cash used in financing activities of discontinued operations         (0.4)  
Net cash provided by financing activities       1.6 378.9  
Effect of exchange rate changes on cash and cash equivalents         0.2  
Increase (decrease) in cash and cash equivalents       4.5 (24.4)  
Cash and cash equivalents, beginning of period   $ 35.8   35.8 63.0 $ 63.0
Cash and cash equivalents, end of period 40.3   38.6 40.3 38.6 35.8
Cash and cash equivalents, end of period—continuing operations 40.2   38.5 40.2 38.5 $ 35.7
Cash and cash equivalents, end of period—discontinued operations $ 0.1   $ 0.1 $ 0.1 $ 0.1