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Consolidated Statements of Cash Flows Unaudited - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2016
Oct. 03, 2015
Oct. 01, 2016
Oct. 03, 2015
Operating Activities        
Net (loss) income $ (2.4) $ 6.4 $ 4.6 $ 23.5
Depreciation & amortization 63.2 58.1 169.2 173.7
Amortization of financing fees 1.5 1.2 4.0 3.6
Amortization of senior notes premium (1.5) (1.3) (4.4) (4.2)
Share-based compensation expense (0.5) 2.3 5.7 8.4
Expense (benefit) for deferred income taxes 5.4 (4.7) (7.5) (21.6)
Loss on disposal of property, plant & equipment, net 0.8 1.1 3.9 2.7
Other non-cash items 5.3 4.7 6.2 (11.8)
Change in operating assets and liabilities, net of acquisitions:        
Accounts receivable 25.1 37.8 (22.3) (22.9)
Inventories 10.7 10.5 12.0 5.6
Prepaid expenses and other current assets 0.6 2.9 (7.2) 28.7
Other assets (5.5) (3.8) (4.3) (7.5)
Accounts payable and accrued liabilities, and other liabilities (11.4) (24.3) 3.2 (14.3)
Income taxes recoverable 0.3 0.9 (2.6) 2.5
Net cash provided by operating activities 91.6 91.8 160.5 166.4
Investing Activities        
Acquisitions, net of cash received (912.5) (22.0) (958.7) (22.5)
Additions to property, plant & equipment (38.7) (28.3) (101.4) (85.5)
Additions to intangibles and other assets (1.7) (0.5) (5.0) (2.7)
Proceeds from sale of property, plant & equipment and sale-leaseback 1.6 0.4 4.5 40.9
Proceeds from insurance recoveries 1.4   1.4  
Decrease in restricted cash 2.8      
Net cash used in investing activities (947.1) (50.4) (1,059.2) (69.8)
Financing Activities        
Payments of long-term debt (1.8) (1.0) (3.3) (2.9)
Issuance of long-term debt 498.7   498.7  
Borrowings under ABL facility 814.5 52.4 1,435.6 801.3
Payments under ABL facility (550.6) (97.3) (1,296.6) (874.5)
Distributions to non-controlling interests (2.7) (3.2) (6.0) (6.8)
Issuance of common shares 2.4 0.5 366.6 143.1
Financing fees (11.9) (0.1) (11.9) (0.3)
Preferred shares repurchased and cancelled       (148.8)
Common shares repurchased and cancelled (3.4) (0.1) (4.5) (0.8)
Dividends to common and preferred shareholders (8.4) (6.5) (23.1) (24.5)
Payment of deferred consideration for acquisitions (10.8)   (10.8) (2.5)
Net cash provided by (used in) financing activities 726.0 (55.3) 944.7 (116.7)
Effect of exchange rate changes on cash (1.1) (1.4) (4.2) (2.4)
Net (decrease) increase in cash & cash equivalents (130.6) (15.3) 41.8 (22.5)
Cash & cash equivalents, beginning of period 249.5 79.0 77.1 86.2
Cash & cash equivalents, end of period 118.9 63.7 118.9 63.7
Supplemental Non-cash Investing and Financing Activities:        
Additions to property, plant & equipment through accounts payable and accrued liabilities 6.9 3.2 8.4 5.3
Accrued deferred financing fees 0.7   0.7 0.2
Supplemental Disclosures of Cash Flow Information:        
Cash paid for interest 18.7 19.0 74.0 67.6
Cash paid for income taxes, net $ 0.2 $ 0.5 $ 4.3 $ 2.6