Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income (loss) $ 8.0 $ (21.1)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 42.3 59.9
Intangible asset impairment 0.0 12.5
Deferred income taxes 1.5 (5.2)
Stock-based compensation 3.6 3.8
U.S. pension expense 5.1 6.7
Other non-cash adjustments, net 0.6 (1.0)
Changes in operating assets and liabilities:    
Receivables (41.3) (7.8)
Inventories (31.7) 9.9
Accounts payable and accrued expenses 24.5 (2.8)
Income taxes payable 3.4 (3.1)
Other assets and liabilities 1.8 (5.6)
Net cash provided by operating activities 17.8 46.2
Cash flows from investing activities:    
Purchases of property, plant and equipment (24.3) (33.5)
Cash paid for acquisition 0.0 (36.1)
Other investing activities 0.1 0.3
Net cash used for investing activities (24.2) (69.3)
Cash flows from financing activities:    
Proceeds from revolving credit facility 57.0 90.0
Payments on revolving credit facility (48.0) (15.0)
Payments on capital lease (0.2) (0.1)
Purchases of treasury stock (1.0) (40.0)
Proceeds from exercised stock options 0.7 1.4
Value of shares withheld related to employee tax withholding (0.6) (1.8)
Net cash provided by financing activities 7.9 34.5
Effect of exchange rate changes on cash and cash equivalents (1.1) 1.6
Net increase in cash and cash equivalents 0.4 13.0
Cash and cash equivalents at beginning of year 39.0 30.6
Cash and cash equivalents at end of period 39.4 43.6
Supplemental Cash Flow Disclosure:    
Amounts in accounts payable for capital expenditures 5.2 6.2
Interest paid 2.3 1.9
Income taxes (refunded) paid, net $ (1.6) $ (3.1)