XML 57 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating Activities    
Net income $ 85.0 $ 107.7
Income from discontinued operations 66.5 58.1
Income from continuing operations 18.5 49.6
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Depreciation, depletion and amortization 11.4 11.9
Amortization of deferred financing fees 1.0 0.8
Deferred income taxes 4.3 (2.0)
Gain on sale of assets (5.4) (0.2)
Other non-current liabilities 2.4 8.2
Other (0.2) 1.7
Working capital changes, excluding the effect of business acquisitions:    
Accounts receivable (7.3) 22.7
Inventories (44.2) (21.1)
Other current assets (4.6) (6.0)
Accounts payable 35.4 5.5
Other current liabilities (0.6) (8.8)
Net cash provided by operating activities of continuing operations 10.7 62.3
Net cash provided by (used for) operating activities of discontinued operations 68.7 (11.0)
Investing Activities    
Expenditures for property, plant and equipment (39.7) (15.3)
Acquisition of business (64.8) 0
Proceeds from the sale of assets 34.5 0.5
Proceeds from note receivable 14.5 0
Net cash used for investing activities of continuing operations (55.5) (14.8)
Net cash used for investing activities of discontinued operations (10.5) (10.5)
Financing Activities    
Additions to long-term debt 25.0 0
Reductions of long-term debt (54.6) (61.9)
Net additions to revolving credit agreements 86.9 14.0
Cash dividends paid (13.7) (13.3)
Cash dividends received from Hyster-Yale 5.0 10.0
Financing fees paid (1.4) 0
Purchase of treasury shares (0.6) 0
Other 0.2 (0.4)
Net cash provided by (used for) financing activities of continuing operations 46.8 (51.6)
Net cash used for financing activities of discontinued operations (98.9) (19.1)
Effect of exchange rate changes on cash of continuing operations 0 0
Effect of exchange rate changes on cash of discontinued operations 0.8 0.4
Decrease for the period (37.9) (44.3)
Net (increase) decrease related to discontinued operations (39.9) (40.2)
Balance at the beginning of the period 153.7 92.4
Balance at the end of the period $ 155.7 $ 88.3