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STATEMENTS OF CONSOLIDATED CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ 39.6 $ (3.2)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of property, plant and equipment 75.7 72.5
Amortization of definite-lived intangible assets 4.2 7.9
Amortization of debt premium and debt issuance costs 1.6 1.6
Deferred income taxes 6.3 (3.5)
Non-cash equity compensation 11.8 11.1
Non-cash asset impairment charge   3.2
Gain on disposition of property, plant and equipment (14.0) (6.3)
Changes in operating assets and liabilities:    
Trade and other receivables 11.7 17.3
Contract assets 6.0 12.2
Inventories 36.8 (133.5)
Prepaid expenses and other current assets (6.8) (4.3)
Accounts payable (53.9) (40.6)
Accrued liabilities 10.6 8.3
Long-term assets and liabilities, net 8.0 (1.3)
Net cash provided by (used in) operating activities 137.6 (58.6)
Cash flows from investing activities:    
Capital expenditures (120.0) (82.4)
Purchase of equity securities (0.3) (0.3)
Proceeds from sale of equity securities 0.1  
Proceeds from disposition of property, plant and equipment 15.2 11.0
Net cash used in investing activities (105.0) (71.7)
Cash flows from financing activities:    
Borrowings under the Revolving Credit Facility 215.1  
Repayment of borrowings under the Revolving Credit Facility (215.1)  
Cash paid for debt issuance costs   (1.8)
Repayment of finance lease (1.7) (1.0)
Cancellation of shares to cover tax withholdings upon common shares issued (1.8) (2.8)
Cash dividends and dividend equivalents paid (37.7) (37.6)
Net cash used in financing activities (41.2) (43.2)
Net decrease in cash, cash equivalents and restricted cash during the period (8.6) (173.5)
Cash, cash equivalents and restricted cash at beginning of period 71.3 317.0
Cash, cash equivalents and restricted cash at end of period $ 62.7 $ 143.5