Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ 45.8 $ 18.4
Net (loss) income from discontinued operations, net of tax (1.1) 13.2
Net income (loss) from continuing operations 46.9 5.2
Reconciliation of net income from continuing operations to net cash flows provided by operating activities:    
Depreciation and amortization 120.5 115.8
Deferred income taxes (41.2) (0.1)
Foreign exchange loss (gain) 40.4 (17.8)
Other, net 61.8 84.3
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (3.6) 2.7
Inventories (8.9) (15.2)
Accounts payable 8.2 3.9
Accrued expenses (3.0) (66.0)
Prepaid expenses and other current assets (25.3) (7.5)
Other assets and liabilities (1.5) (13.2)
Net cash flows provided by operating activities of continuing operations 194.3 92.1
Cash flows from investing activities:    
Capital expenditures (21.7) (18.2)
Proceeds from disposal of property, plant and equipment 1.7 0.0
Acquisition of business, net of cash acquired 9.0 0.0
Proceeds from Arysta Sale (net of cash $148.7 million) 0.0 4,281.8
Other, net (2.4) 6.7
Net cash flows (used in) provided by investing activities of continuing operations (31.4) 4,270.3
Cash flows from financing activities:    
Debt proceeds, net of discount 800.0 749.1
Repayments of borrowings (805.9) (4,605.0)
Change in lines of credit, net 0.0 (24.9)
Repurchases of common stock (35.7) (496.1)
Payment of financing fees (44.7) (39.5)
Other, net (1.5) (8.6)
Net cash flows used in financing activities of continuing operations (87.8) (4,425.0)
Cash flows from discontinued operations:    
Net cash flows used in operating activities of discontinued operations (14.7) (154.1)
Net cash flows used in investing activities of discontinued operations 0.0 (5.0)
Net cash flows provided by financing activities of discontinued operations 0.0 4.8
Net cash flows used in discontinued operations (14.7) (154.3)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (2.1) 1.7
Net increase (decrease) in cash, cash equivalents and restricted cash 58.3 (215.2)
Cash, cash equivalents and restricted cash at beginning of period [1] 190.1 415.5
Cash, cash equivalents and restricted cash at end of period $ 248.4 $ 200.3
[1] Includes cash, cash equivalents and restricted cash of discontinued operations of $181.9 million at December 31, 2018.