Cash Flow

($ amounts in millions unless otherwise noted) Year Ended December 31
2018 2017 2016
Cash flows from operating activities:      
Net loss (319.9) (295.6) (76.7)
Net (loss) income from discontinued operations, net of tax (242.9) (103.8) 113.8
Net loss from continuing operations (77.0) (191.8) (190.5)
       
Reconciliations of net loss to net cash flows used in operating activities:      
Depreciation and amortization 156.7 156.0 155.7
Deferred income taxes (54.7) (134.1) (42.4)
Amortization of inventory step-up 11.7
Foreign exchange (gain) loss (0.2) 45.8 34.0
Goodwill impairment 46.6
Gain on settlement agreement related to Series B Convertible Preferred Stock (103.0)
Other, net 4.0 75.1 67.9
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable 0.9 (21.5) (42.4)
Inventories (18.8) (9.2) 7.6
Accounts payable (5.5) (3.3) (9.2)
Accrued expenses (10.6) 2.5 26.5
Prepaid expenses and other current assets 10.5 (13.0) (4.3)
Other assets and liabilities (6.1) 59.2 3.8
Net cash flows used in operating activities of continuing operations (0.8) (34.3) (38.0)
       
Cash flows from investing activities:      
Capital expenditures (28.4) (30.8) (32.6)
Proceeds from disposal of property, plant and equipment 4.2 16.9 9.4
Proceeds from the sale of equity investment 25.0
Acquisition of business, net of cash acquired (28.2) (1.2)
Other, net 3.6 (5.0) (1.7)
Net cash flows used in investing activities of continuing operations (23.8) (18.9) (26.1)
       
Cash flows from financing activities:      
Debt proceeds, net of discount and premium 4,142.7 3,300.9
Repayments of borrowings (22.5) (4,122.5) (3,339.6)
Change in lines of credit, net 25.0 (13.2)
Proceeds from issuance of common stock, net 1.4 1.4 391.5
Payment of financing fees (1.4) (22.6) (9.5)
Settlement of Series B Convertible Preferred Stock (460.0)
Other, net (3.9) (0.7) (0.6)
Net cash flows used in financing activities of continuing operations (1.4) (1.7) (130.5)
       
Cash flows from discontinued operations:      
Net cash flows (used in) provided by operating activities of discontinued operations (7.9) 185.3 227.8
Net cash flows used in investing activities of discontinued operations (51.2) (28.6) (44.7)
Net cash flows provided by (used in) financing activities of discontinued operations 43.8 (74.5) 19.9
Net cash flows (used in) provided by discontinued operations (15.3) 82.2 203.0
Effect of exchange rate changes on cash, cash equivalents and restricted cash (27.0) 33.1 (17.5)
Net (decrease) increase in cash, cash equivalents and restricted cash (68.3) 60.4 (9.1)
Cash, cash equivalents and restricted cash at beginning of period 483.8 423.4 432.5
Cash, cash equivalents and restricted cash at end of period 415.5 483.8 423.4
       
Supplemental disclosure information of continuing operations:      
Cash paid for interest 293.4 315.7 348.8
Cash paid for income taxes 78.9 73.9 62.6

Note: This selected data is for information only. For complete consolidated financial statements and important risks that may affect actual results, see SEC Filings.