XML 13 R7.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net earnings $ 3.4 $ 61.2
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 38.3 38.5
Loss on sale of assets 0.0 1.7
Stock-based compensation expense 4.4 5.2
Deferred income taxes (0.5) (6.4)
Other - net 2.0 1.6
Changes in operating assets and liabilities:    
Trade accounts receivable 19.9 (13.2)
Inventories (26.2) (30.4)
Accounts payable (5.6) 25.5
Other assets and liabilities (18.2) (47.0)
Net cash provided by operating activities 17.5 36.7
Cash flows from investing activities:    
Expenditures for property, plant and equipment (41.4) (37.9)
Proceeds from sale of investment in affiliate 3.8 0.0
Other - net 1.0 0.9
Net cash used for investing activities (36.6) (37.0)
Cash flows from financing activities:    
Borrowings of debt 438.0 146.7
Repayments of debt (413.7) (142.2)
Dividend paid to noncontrolling interest (1.3) (1.8)
Purchases of treasury stock under share repurchase program (2.4) 0.0
Financing fees paid (1.1) 0.0
Other - net (3.0) (3.6)
Net cash provided by (used for) financing activities 16.5 (0.9)
Effect of exchange rate changes on cash (0.9) (2.5)
Net decrease in cash, cash equivalents and restricted cash (3.5) (3.7)
Cash, cash equivalents and restricted cash - beginning of period 42.2 40.3
Cash, cash equivalents and restricted cash - end of period $ 38.7 $ 36.6