XML 63 R7.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:      
Net (loss) earnings $ (2.0) $ 85.9 $ 23.8
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:      
Depreciation and amortization 77.1 76.9 76.7
Impairment charges 8.6 0.4 2.5
(Gain) loss on sale of assets (0.8) 1.7 0.0
Stock-based compensation expense 6.6 7.9 9.5
Deferred income taxes 1.0 (4.4) 12.1
Other - net 5.6 5.3 9.0
Changes in operating assets and liabilities:      
Trade accounts receivable 36.6 (15.3) (26.1)
Inventories (12.0) (22.0) (12.5)
Accounts payable (37.7) 16.6 25.2
Accrued compensation and employee benefits (15.2) (10.1) 16.4
Other assets 14.7 (11.8) (5.0)
Other liabilities (24.6) (27.8) (7.4)
Net cash provided by operating activities 57.9 103.3 124.2
Cash flows from investing activities:      
Expenditures for property, plant and equipment (71.3) (73.9) (71.0)
Proceeds from dispositions of assets 6.2 0.3 0.3
Proceeds from sale of investment in affiliate 3.8 0.0 0.0
Proceeds from maturities of short-term investments 4.1 4.9 4.8
Purchases of short-term investments (3.3) (3.8) (5.5)
Other - net 0.0 (0.3) (0.2)
Net cash used for investing activities (60.5) (72.8) (71.6)
Cash flows from financing activities:      
Borrowings of debt 692.4 231.2 171.0
Repayments of debt (649.5) (251.9) (222.9)
Dividend paid to noncontrolling interest (1.3) (1.8) (0.9)
Purchase of treasury stock under share repurchase program (2.4) (0.6) 0.0
Financing fees paid (2.8) 0.0 0.0
Other - net (3.1) (2.8) 2.7
Net cash provided by (used for) financing activities 33.3 (25.9) (50.1)
Effect of exchange rate changes on cash (1.6) (2.7) 3.0
Net increase in cash, cash equivalents and restricted cash 29.1 1.9 5.5
Cash, cash equivalents and restricted cash - beginning of year 42.2 40.3 34.8
Cash, cash equivalents and restricted cash - end of year $ 71.3 $ 42.2 $ 40.3