XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows Unaudited - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2017
Apr. 02, 2016
Operating Activities    
Net loss $ (34.4) $ (1.4)
Depreciation & amortization 64.4 52.5
Amortization of financing fees 1.6 1.2
Amortization of senior notes premium (1.6) (1.4)
Share-based compensation expense 4.8 2.4
Benefit for deferred income taxes (0.5) (11.3)
Unrealized commodity hedging gain, net (1.9)  
Loss on extinguishment of debt 10.1  
Loss on disposal of property, plant & equipment, net 1.4 0.9
Other non-cash items (2.0) (1.7)
Change in operating assets and liabilities, net of acquisitions:    
Accounts receivable (14.0) (21.7)
Inventories (26.6) (3.3)
Prepaid expenses and other current assets (9.5) (4.4)
Other assets 0.5 2.4
Accounts payable and accrued liabilities, and other liabilities 3.3 (30.0)
Income taxes recoverable 0.7 (2.9)
Net cash used in operating activities (3.7) (18.7)
Investing Activities    
Acquisitions, net of cash received (5.0) (44.4)
Additions to property, plant & equipment (40.6) (29.5)
Additions to intangible assets (2.8) (2.3)
Proceeds from sale of property, plant & equipment 4.1 2.7
Other investing activities 0.2  
Net cash used in investing activities (44.1) (73.5)
Financing Activities    
Payments of long-term debt (203.3) (1.1)
Issuance of long-term debt 750.0  
Borrowings under ABL 772.9 497.2
Payments under ABL (834.2) (558.3)
Premiums and costs paid upon extinguishment of long-term debt (7.2)  
Financing fees (9.4)  
Distributions to non-controlling interests (0.9) (2.3)
Issuance of common shares 0.5 144.1
Common shares repurchased and cancelled (1.8) (1.1)
Dividends paid to common shareowners (8.4) (7.3)
Other financing activities 0.5  
Net cash (used in) provided by financing activities 458.7 71.2
Effect of exchange rate changes on cash 1.5 (1.0)
Net increase (decrease) in cash, cash equivalents and restricted cash 412.4 (22.0)
Cash, cash equivalents and restricted cash, beginning of period 118.1 77.1
Cash, cash equivalents and restricted cash end of period 530.5 55.1
Supplemental Non-cash Investing and Financing Activities:    
Accrued deferred financing fees 2.2  
Additions to property, plant & equipment through accounts payable and accrued liabilities 9.5 4.8
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 22.2 19.2
Cash paid for income taxes, net $ 0.7 $ 4.2