XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net earnings $ 92.2 $ 38.6
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 27.7 27.3
Stock-based compensation expense 4.6 3.5
Deferred income taxes 5.5 (0.5)
Other - net 3.8 1.8
Changes in operating assets and liabilities:    
Trade accounts receivable 6.7 0.2
Inventories (4.3) (30.5)
Accounts payable (43.3) 7.2
Other assets and liabilities 17.9 8.5
Net cash provided by operating activities 110.8 56.1
Cash flows from investing activities:    
Expenditures for property, plant and equipment (26.2) (23.0)
Payments for business acquisition (4.8) 0.0
Proceeds from disposition of assets 1.1 0.1
Other - net (4.5) 0.0
Net cash used for investing activities (34.4) (22.9)
Cash flows from financing activities:    
Borrowings of debt 176.6 141.1
Repayments of debt (182.4) (149.9)
Borrowings (repayments) on bank overdraft facilities - net (3.7) 9.2
Purchases of treasury stock under share repurchase program (9.0) (2.6)
Dividend paid to noncontrolling interest (0.5) (0.6)
Other - net 0.4 0.3
Net cash used for financing activities (18.6) (2.5)
Effect of exchange rate changes on cash (1.9) (5.8)
Net increase in cash, cash equivalents, restricted cash and cash held for sale 55.9 24.9
Cash, cash equivalents, restricted cash and cash held for sale - beginning of period 67.2 45.4
Cash, cash equivalents, restricted cash and cash held for sale - end of period $ 123.1 $ 70.3