|
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Cash flow from operating activities: |
|
|
| Net (loss) income |
$ (5.6) |
$ 4.9 |
| Adjustments to reconcile net (loss) income to cash flow used in operating activities: |
|
|
| Depreciation and amortization |
16.4 |
17.7 |
| Share-based compensation |
4.3 |
5.0 |
| Excess tax benefits from share-based compensation |
(0.1) |
(0.2) |
| Devaluation of Venezuelan balance sheet |
7.5 |
12.1 |
| Loss on sale of assets, net |
0.1 |
0.5 |
| Impairment of assets |
19.4 |
0 |
| Cash flow from changes in certain assets and liabilities: |
|
|
| Trade receivables |
(56.0) |
(33.7) |
| Inventories |
(43.2) |
(42.5) |
| Prepaid expenses |
(2.4) |
(3.2) |
| Prepaid income taxes |
(7.5) |
0.7 |
| Other current assets |
(10.1) |
(24.2) |
| Accounts payable |
16.5 |
69.2 |
| Deferred revenue |
46.6 |
64.8 |
| Accrued salaries, wages and commissions |
(40.6) |
(13.0) |
| Deferred income tax |
3.6 |
(17.9) |
| Finance lease and notes receivables |
18.6 |
(79.4) |
| Certain other assets and liabilities |
(29.7) |
7.6 |
| Net cash used in operating activities |
(62.2) |
(31.6) |
| Cash flow from investing activities: |
|
|
| Payments for acquisitions, net of cash acquired |
59.4 |
0 |
| Proceeds from maturities of investments |
46.3 |
210.1 |
| Proceeds from sale of investments |
0 |
(0.3) |
| Payments for purchases of investments |
44.5 |
169.2 |
| Proceeds from sale of assets |
0.4 |
0.3 |
| Capital expenditures |
(10.8) |
(7.3) |
| Increase in certain other assets |
(2.1) |
(6.1) |
| Net cash (used in) provided by investing activities |
(70.1) |
28.1 |
| Cash flow from financing activities: |
|
|
| Dividends paid |
(18.9) |
(18.7) |
| Revolving debt borrowings, net |
75.0 |
4.1 |
| Other debt borrowings |
13.9 |
50.5 |
| Other debt repayments |
(16.3) |
(42.7) |
| Distributions to noncontrolling interest holders |
0 |
(1.5) |
| Excess tax benefits from share-based compensation |
0.1 |
0.2 |
| Issuance of common shares |
1.0 |
10.6 |
| Repurchase of common shares |
(2.6) |
(1.3) |
| Net cash provided by financing activities |
52.2 |
1.2 |
| Effect of exchange rate changes on cash and cash equivalents |
(14.8) |
(11.2) |
| Decrease in cash and cash equivalents |
(94.9) |
(13.5) |
| Cash and cash equivalents at the beginning of the period |
322.0 |
230.7 |
| Cash and cash equivalents at the end of the period |
$ 227.1 |
$ 217.2 |