Cash Flow

($ amounts in millions unless otherwise noted) Year Ended December 31
2019 2018 2017
Cash flows from operating activities:      
Net income (loss) 92.9 (319.9) (295.6)
Net income (loss) from discontinued operations, net of tax 13.3 (242.9) (103.8)
Net loss from continuing operations 79.6 (77.0) (191.8)
       
Reconciliations of net (loss) income to net cash flows (used in) provided by operating activities:      
Depreciation and amortization 154.7 156.7 156.0
Deferred income taxes (3.1) (54.7) (134.1)
Foreign exchange (gain) loss (54.6) (0.2) 45.8
Other, net 66.9 4.0 75.1
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable 21.8 0.9 (21.5)
Inventories (3.8) (18.8) (9.2)
Accounts payable (7.0) (5.5) (3.3)
Accrued expenses (57.7) (10.6) 2.5
Prepaid expenses and other current assets (2.9) 10.5 (13.0)
Other assets and liabilities (23.0) (6.1) 59.2
Net cash flows used in operating activities of continuing operations 170.9 (0.8) (34.3)
       
Cash flows from investing activities:      
Capital expenditures (29.7) (28.4) (30.8)
Proceeds from disposal of property, plant and equipment 4.6 4.2 16.9
Proceeds from the Arysta Sale (net of cash $148.7 million) 4,281.8
Proceeds from the sale of equity investment 25.0
Acquisition of business, net of cash acquired (63.9) (28.2)
Other, net 6.9 3.6 (5.0)
Net cash flows used in investing activities of continuing operations 4,199.7 (23.8) (18.9)
       
Cash flows from financing activities:      
Debt proceeds, net of discount and premium 1,493.4 4,142.7
Repayments of borrowings (5,351.4) (22.5) (4,122.5)
Change in lines of credit, net (24.9) 25.0
Repurchases of common stock (507.1)
Payment of financing fees (40.5) (1.4) (22.6)
Other, net (8.4) (2.5) (0.7)
Net cash flows used in financing activities of continuing operations (4,438.9) (1.4) (1.7)
       
Cash flows from discontinued operations:      
Net cash flows (used in) provided by operating activities of discontinued operations (161.7) (7.9) 185.3
Net cash flows used in investing activities of discontinued operations (5.0) (51.2) (28.6)
Net cash flows provided by (used in) financing activities of discontinued operations 4.8 43.8 (74.5)
Net cash flows (used in) provided by discontinued operations (161.9) (15.3) 82.2
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4.8 (27.0) 33.1
Net (decrease) increase in cash, cash equivalents and restricted cash (225.4) (68.3) 60.4
Cash, cash equivalents and restricted cash at beginning of period 415.5 483.8 423.4
Cash, cash equivalents and restricted cash at end of period 190.1 415.5 483.8
       
Supplemental disclosure information of continuing operations:      
Cash paid for interest 125.4 293.4 315.7
Cash paid for income taxes 71.2 78.9 73.9

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