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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:      
Net (loss) earnings $ (209.5) $ (2.0) $ 85.9
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:      
Depreciation and amortization 68.6 77.1 76.9
Impairment charges 166.8 8.6 0.4
(Gain) loss on sale of assets 0.0 (0.8) 1.7
Stock-based compensation expense 6.3 6.6 7.9
Deferred income taxes 67.9 1.0 (4.4)
Other - net 6.3 5.6 5.3
Changes in operating assets and liabilities:      
Trade accounts receivable (17.1) 36.6 (15.3)
Inventories (5.0) (12.0) (22.0)
Accounts payable 44.0 (37.7) 16.6
Accrued compensation and employee benefits 15.7 (15.2) (10.1)
Other assets 27.5 14.7 (11.8)
Other liabilities (21.7) (24.6) (27.8)
Net cash provided by operating activities 149.8 57.9 103.3
Cash flows from investing activities:      
Expenditures for property, plant and equipment (32.7) (71.3) (73.9)
Proceeds from dispositions of assets 0.7 6.2 0.3
Proceeds from sale of investment in affiliate 0.0 3.8 0.0
Proceeds from maturities of short-term investments 3.4 4.1 4.9
Purchases of short-term investments (3.6) (3.3) (3.8)
Other - net 0.9 0.0 (0.3)
Net cash used for investing activities (31.3) (60.5) (72.8)
Cash flows from financing activities:      
Borrowings of debt 32.7 672.0 221.3
Repayments of debt (183.6) (630.3) (241.9)
Borrowings on bank overdraft facilities - net 3.6 1.2 (0.1)
Dividend paid to noncontrolling interest 0.0 (1.3) (1.8)
Purchase of treasury stock under share repurchase program 0.0 (2.4) (0.6)
Financing fees paid (0.8) (2.8) 0.0
Other - net 3.0 (3.1) (2.8)
Net cash (used for) provided by financing activities (145.1) 33.3 (25.9)
Effect of exchange rate changes on cash 1.4 (1.6) (2.7)
Net (decrease) increase in cash, cash equivalents, restricted cash and cash held for sale (25.2) 29.1 1.9
Cash, cash equivalents, restricted cash and cash held for sale - beginning of year 71.3 42.2 40.3
Cash, cash equivalents, restricted cash and cash held for sale - end of year $ 46.1 $ 71.3 $ 42.2