Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net (loss) income $ (2.4) $ 6.2
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 24.1 22.2
Deferred income taxes 5.9 (4.3)
Stock-based compensation 2.3 2.2
U.S. pension expense 4.5 2.2
Other non-cash adjustments, net (0.5) 0.2
Changes in operating assets and liabilities:    
Receivables (17.4) (32.7)
Inventories (6.6) (5.9)
Accounts payable and accrued expenses 9.2 23.3
Income taxes payable (2.2) 6.9
Other assets and liabilities (7.1) 4.0
Net cash provided by operating activities 9.8 24.3
Cash flows from investing activities:    
Purchases of property, plant and equipment (22.8) (18.0)
Cash paid for acquisition (36.1) 0.0
Other investing activities 0.2 0.7
Net cash used for investing activities (58.7) (17.3)
Cash flows from financing activities:    
Proceeds from revolving credit facility 80.0 100.0
Payments on revolving credit facility (10.0) 0.0
Financing costs 0.0 (1.4)
Payments of long-term debt 0.0 (10.0)
Payments on capital lease (0.1) 0.0
Purchases of treasury stock (14.4) 0.0
Cash distribution paid to AWI 0.0 (50.0)
Proceeds from exercised stock options 1.3 0.0
Net transfers from AWI 0.0 55.6
Net cash provided by financing activities 56.8 94.2
Effect of exchange rate changes on cash and cash equivalents 0.8 0.4
Net increase in cash and cash equivalents 8.7 101.6
Cash and cash equivalents at beginning of year 30.6 0.0
Cash and cash equivalents at end of period 39.3 101.6
Supplemental Cash Flow Disclosure:    
Amounts in accounts payable for capital expenditures 6.2 3.5
Interest paid 1.2 0.5
Income taxes (refunded) paid, net $ (2.7) $ 0.5