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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net income (loss) $ (20.5) $ 19.3
Adjustments to reconcile net income (loss) to cash used for operating activities:    
Depreciation 18.1 17.4
Amortization of intangible assets 0.2 0.2
Amortization of deferred financing fees 0.7 0.8
Loss on debt extinguishment   25.0
Other 5.9 6.0
Changes in operating assets and liabilities:    
Accounts receivable (6.4) (222.6)
Inventories (73.4) (106.5)
Notes receivable 5.6 (2.3)
Other assets (6.4) 26.1
Accounts payable (6.5) 22.1
Accrued expenses and other liabilities (16.0) (20.9)
Net cash used for operating activities (98.7) (235.4)
Cash Flows from Investing Activities:    
Capital expenditures (8.0) (9.7)
Proceeds from sale of fixed assets 0.1 4.8
Cash receipts on sold accounts receivable   126.3
Net cash provided by (used for) investing activities (7.9) 121.4
Cash Flows from Financing Activities:    
Proceeds from revolving credit facility 50.0 82.8
Payments on revolving credit facility   (82.8)
Payments on long-term debt   (276.6)
Proceeds from long-term debt   300.0
Other debt - net (1.5) 1.9
Debt issuance costs   (8.2)
Exercises of stock options 0.1 0.1
Common stock repurchases (12.0) (7.4)
Net cash provided by financing activities 36.6 9.8
Effect of exchange rate changes on cash and cash equivalents (1.0) (1.1)
Net decrease in cash and cash equivalents (71.0) (105.3)
Cash and cash equivalents at beginning of period 199.3 140.3
Cash and cash equivalents at end of period $ 128.3 $ 35.0