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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Cash flows from operating activities of continuing operations:        
Net income (loss) $ 4.4 $ 10.8 $ (15.3) $ 372.8
Net (loss) income from discontinued operations, net of income taxes 0.0 (1.4) 0.0 356.0
Net income (loss) from continuing operations 4.4 12.2 (15.3) 16.8
Adjustments to reconcile net income (loss) from continuing operations to cash flows from operating activities:        
Depreciation and amortization 48.9 48.7 94.1 96.1
Amortization of financing fees 0.9 0.8 1.7 1.7
Share-based compensation expense 3.3 4.4 6.8 7.8
(Benefit) provision for deferred income taxes (2.0) 2.9 (5.2) 2.7
Gain on extinguishment of debt 0.0 0.0 0.0 (7.1)
Loss (gain) on sale of business 0.6 (6.0) 6.0 (6.0)
Loss on disposal of property, plant and equipment, net 1.6 1.3 3.5 2.6
Other non-cash items (3.7) (2.2) (3.3) (2.2)
Change in operating assets and liabilities, net of acquisitions:        
Accounts receivable (16.2) (6.5) (14.6) (19.2)
Inventories (9.5) (4.6) (16.1) (13.7)
Prepaid expenses and other current assets 0.6 (2.3) (1.3) (6.6)
Other assets 0.6 0.2 1.3 1.2
Accounts payable and accrued liabilities and other liabilities (18.0) (13.9) (22.5) (6.2)
Net cash provided by operating activities from continuing operations 11.5 35.0 35.1 67.9
Cash flows from investing activities of continuing operations:        
Acquisitions, net of cash received (21.5) (38.8) (42.5) (66.6)
Additions to property, plant and equipment (27.8) (28.9) (51.6) (58.7)
Additions to intangible assets (2.0) (2.0) (4.3) (4.2)
Proceeds from sale of property, plant and equipment 1.0 1.0 2.4 2.9
Proceeds from sale of business, net of cash sold 0.0 12.8 50.5 12.8
Other investing activities 0.0 0.1 0.1 0.3
Net cash used in investing activities from continuing operations (50.3) (55.8) (45.4) (113.5)
Cash flows from financing activities of continuing operations:        
Payments of long-term debt (1.5) (0.6) (3.0) (263.3)
Borrowings under ABL 37.9 0.4 62.9 1.0
Payments under ABL (9.1) (0.4) (61.9) (1.0)
Premiums and costs paid upon extinguishment of long-term debt 0.0 0.0 0.0 (12.5)
Issuance of common shares 0.3 2.4 0.7 4.2
Common shares repurchased and canceled (20.0) (16.1) (31.0) (21.7)
Financing fees 0.0 0.0 0.0 (1.5)
Dividends paid to common shareholders (8.0) (8.4) (16.2) (16.8)
Payment of deferred consideration for acquisitions (0.2) (2.8) (0.2) (2.8)
Other financing activities 2.0 3.4 3.4 2.1
Net cash provided by (used in) financing activities from continuing operations 1.4 (22.1) (45.3) (312.3)
Cash flows from discontinued operations:        
Operating activities of discontinued operations (3.2) (3.3) (3.2) (88.0)
Investing activities of discontinued operations 0.0 0.0 0.0 1,228.6
Financing activities of discontinued operations 0.0 0.0 0.0 (769.7)
Net cash (used in) provided by discontinued operations (3.2) (3.3) (3.2) 370.9
Effect of exchange rate changes on cash 0.1 (3.7) 1.4 (8.5)
Net (decrease) increase in cash, cash equivalents and restricted cash (40.5) (49.9) (57.4) 4.5
Cash and cash equivalents and restricted cash, beginning of period 153.9 212.3 170.8 157.9
Cash and cash equivalents and restricted cash from continuing operations, end of period 113.4 162.4 113.4 162.4
Supplemental Non-cash Investing and Financing Activities:        
Dividends payable 0.1 0.3 0.1 0.4
Additions to property, plant and equipment through accounts payable and accrued liabilities and other liabilities 13.9 10.8 20.9 14.1
Supplemental Disclosures of Cash Flow Information:        
Cash paid for interest 35.2 35.7 50.3 46.4
Cash paid for income taxes, net $ 4.3 $ 0.8 $ 5.3 $ 2.2