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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net earnings $ 45.3 $ 14.3
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 13.7 13.9
Stock-based compensation expense 1.5 1.1
Deferred income taxes 3.1 (0.9)
Other - net 1.4 0.8
Changes in operating assets and liabilities:    
Trade accounts receivable (2.7) 0.7
Inventories (7.9) (38.5)
Accounts payable (9.5) 6.8
Other assets and liabilities (3.2) 16.3
Net cash provided by operating activities 41.7 14.5
Cash flows from investing activities:    
Expenditures for property, plant and equipment (15.1) (10.4)
Other - net (3.3) 0.0
Net cash used for investing activities (18.4) (10.4)
Cash flows from financing activities:    
Borrowings of debt 116.1 86.7
Repayments of debt (107.8) (74.3)
Borrowings (repayments) on bank overdraft facilities - net (3.8) 1.8
Purchase of treasury stock under share repurchase program 0.0 (1.1)
Dividend paid to noncontrolling interest (0.5) (0.6)
Other - net (0.3) (0.5)
Net cash provided by financing activities 3.7 12.0
Effect of exchange rate changes on cash (0.2) (2.6)
Net increase in cash, cash equivalents and restricted cash 26.8 13.5
Cash, cash equivalents and restricted cash - beginning of period 67.2 45.4
Cash, cash equivalents and restricted cash - end of period $ 94.0 $ 58.9