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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income (loss) $ 16.0 $ (131.5)
(Gain) loss on disposal of assets (6.9) 0.2
Depreciation 13.3 14.1
Amortization of debt issuance costs 0.9 1.5
Amortization of intangibles 22.9 21.5
Stock-based compensation 8.3 7.6
Non-cash charge for impairment of goodwill and intangible assets 0.0 165.2
Changes in operating assets and liabilities:    
Accounts receivable 17.4 43.7
Inventories (24.1) (12.2)
Other assets (2.1) (15.9)
Accounts payable (4.5) (4.6)
Accrued expenses and other liabilities (47.3) (58.5)
Accrued income taxes (27.3) (28.5)
Net cash (used) provided by operating activities (33.4) 2.6
Investing activities    
Additions to property, plant and equipment (6.8) (4.9)
Proceeds from the disposition of assets 16.5 0.1
Cost of acquisitions, net of cash acquired (10.1) 0.0
Net cash used by investing activities (0.4) (4.8)
Financing activities    
Proceeds from long-term borrowings 146.3 92.0
Repayments of long-term debt (38.0) (38.1)
Borrowings of notes payable, net 7.0 13.8
Dividends paid (13.5) (14.3)
Repurchases of common stock (15.1) 0.0
Payments related to tax withholding for stock-based compensation (0.9) (1.9)
Net cash provided by financing activities 85.8 51.5
Effect of foreign exchange rate changes on cash and cash equivalents 7.2 (3.0)
Net increase in cash and cash equivalents 59.2 46.3
Cash and cash equivalents    
Beginning of the period 74.1 66.4
End of the period 133.3 112.7
Cash paid during the year for:    
Interest 21.6 24.9
Income taxes $ 17.5 $ 27.2