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Consolidated Statements of Cash Flows Unaudited - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 04, 2015
Jun. 28, 2014
Jul. 04, 2015
Jun. 28, 2014
Operating Activities        
Net income (loss) $ 18.3 $ (4.5) $ 17.1 $ (7.2)
Depreciation & amortization 58.2 25.8 115.6 50.9
Amortization of financing fees 1.1 0.6 2.4 1.2
Amortization of senior notes premium (1.4)   (2.9)  
Share-based compensation expense 3.7 2.1 6.1 3.4
(Decrease) increase in deferred income taxes (5.2) 2.6 (16.9) 1.9
Write-off of financing fees and discount   3.0   3.3
Loss (gain) on disposal of property, plant & equipment 0.2 (0.1) 1.6  
Asset impairments   0.3   1.9
Other non-cash items (6.3) (0.5) (16.5) (0.7)
Change in operating assets and liabilities, net of acquisitions:        
Accounts receivable (19.4) (33.0) (60.7) (66.3)
Inventories 6.1 8.9 (4.9) (7.6)
Prepaid expenses and other current assets (4.5) (1.2) 25.8 (1.0)
Other assets (1.3) (0.4) (3.7) (0.2)
Accounts payable and accrued liabilities, and other liabilities 25.2 26.3 10.0 (2.2)
Income taxes recoverable 1.0 (0.4) 1.6 (0.4)
Net cash provided by (used in) operating activities 75.7 29.5 74.6 (23.0)
Investing Activities        
Acquisitions, net of cash received (0.5) (80.8) (0.5) (80.8)
Additions to property, plant & equipment (29.9) (11.8) (57.2) (20.6)
Additions to intangibles and other assets (0.1) (1.3) (2.2) (2.8)
Proceeds from sale of property, plant & equipment and sale-leaseback 40.1   40.5  
Net cash provided by (used in) investing activities 9.6 (93.9) (19.4) (104.2)
Financing Activities        
Payments of long-term debt (1.1) (296.5) (1.9) (312.5)
Issuance of long-term debt   525.0   525.0
Borrowings under ABL 654.1 188.2 748.9 283.2
Payments under ABL (674.4) (284.3) (777.2) (299.4)
Distributions to non-controlling interests (1.6) (2.5) (3.6) (4.8)
Issuance of common shares 142.5   142.6  
Financing fees (0.2) (7.9) (0.2) (7.9)
Preferred shares repurchased and cancelled (148.8)   (148.8)  
Common shares repurchased and cancelled   (2.7) (0.7) (3.1)
Dividends to common and preferred shareholders (9.0) (5.7) (18.0) (10.8)
Payment of deferred consideration for acquisitions (2.5)   (2.5)  
Net cash (used in) provided by financing activities (41.0) 113.6 (61.4) 169.7
Effect of exchange rate changes on cash 0.2 1.1 (1.0) 1.2
Net increase (decrease) in cash & cash equivalents 44.5 50.3 (7.2) 43.7
Cash & cash equivalents, beginning of period 34.5 40.6 86.2 47.2
Cash & cash equivalents, end of period 79.0 90.9 79.0 90.9
Supplemental Non-cash Investing and Financing Activities:        
Dividend payable issued through accounts payable and accrued liabilities (0.1)      
Additions to property, plant & equipment through accounts payable and accrued liabilities (0.7)   5.5  
Acquisition related deferred consideration 2.5 51.4 11.4 51.4
Accrued deferred financing fees 0.2 1.8 0.2 1.8
Supplemental Disclosures of Cash Flow Information:        
Cash paid for interest 47.1 $ 8.4 55.4 25.0
Cash paid for income taxes, net $ 1.6   $ 2.1 $ 0.3