Cash flows from operating activities: |
Net income (loss) |
244.5 |
118.2 |
188.0 |
Net income (loss) from discontinued operations, net of tax |
1.6 |
2.1 |
1.8 |
Net loss from continuing operations |
242.9 |
116.1 |
186.2 |
Reconciliations of net (loss) income to net cash flows (used in) provided by operating activities: |
Depreciation and amortization |
157.6 |
166.7 |
161.3 |
Deferred income taxes |
(39.2) |
(69.9) |
15.1 |
Foreign exchange (gain) loss |
(24.4) |
(10.6) |
3.4 |
Other, net |
37.7 |
131.6 |
29.1 |
Changes in assets and liabilities, net of acquisitions: |
Accounts receivable |
(29.9) |
(6.8) |
6.4 |
Inventories |
7.8 |
(9.5) |
(31.2) |
Accounts payable |
(1.0) |
0.3 |
(0.1) |
Accrued expenses |
33.0 |
9.9 |
(33.0) |
Prepaid expenses and other current assets |
(4.2) |
1.9 |
(26.6) |
Other assets and liabilities |
(18.3) |
3.9 |
(14.7) |
Net cash flows used in operating activities of continuing operations |
362.0 |
333.6 |
295.9 |
Cash flows from investing activities: |
Capital expenditures |
(68.4) |
(52.7) |
(47.8) |
Proceeds from disposal of property, plant and equipment |
— |
1.4 |
4.8 |
Acquisition of business, net of cash acquired |
(3.9) |
(214.8) |
(22.6) |
Other, net |
(1.5) |
15.9 |
(9.6) |
Net cash flows used in investing activities of continuing operations |
(73.8) |
(250.2) |
(75.2) |
Cash flows from financing activities: |
Debt proceeds, net of discount and premium |
1,040.1 |
1,297.1 |
— |
Repayments of borrowings |
(1,152.6) |
(1,264.1) |
(16.4) |
Repurchases of common stock |
— |
— |
(151.0) |
Dividends paid |
(78.2) |
(77.4) |
(78.4) |
Payment of financing fees |
(3.2) |
(6.3) |
(1.9) |
Other, net |
(12.7) |
(8.0) |
(27.9) |
Net cash flows used in financing activities of continuing operations |
(206.6) |
(58.7) |
(275.6) |
Cash flows from discontinued operations: |
Net cash flows (used in) provided by operating activities of discontinued operations |
1.6 |
2.2 |
1.8 |
Net cash flows used in investing activities of discontinued operations |
— |
— |
— |
Net cash flows provided by (used in) financing activities of discontinued operations |
— |
— |
— |
Net cash flows (used in) provided by discontinued operations |
1.6 |
2.2 |
1.8 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash |
(13.1) |
(3.2) |
(11.4) |
Net (decrease) increase in cash, cash equivalents and restricted cash |
70.1 |
23.7 |
(64.5) |
Cash, cash equivalents and restricted cash at beginning of period |
289.3 |
265.6 |
330.1 |
Cash, cash equivalents and restricted cash at end of period |
359.4 |
289.3 |
265.6 |
Supplemental disclosure information of continuing operations: |
Cash paid for interest |
64.8 |
56.1 |
46.9 |
Cash paid for income taxes |
87.2 |
73.7 |
66.5 |