Cash Flow

($ amounts in millions unless otherwise noted) Year Ended December 31
2021 2020 2019
Cash flows from operating activities:      
Net income (loss) 203.7 75.7 92.9
Net income (loss) from discontinued operations, net of tax 0.3 (1.1) 13.3
Net loss from continuing operations 203.4 76.8 79.6
       
Reconciliations of net (loss) income to net cash flows (used in) provided by operating activities:      
Depreciation and amortization 163.9 161.4 154.7
Deferred income taxes (46.7) (53.0) (3.1)
Foreign exchange (gain) loss (6.9) 29.3 (54.6)
Other, net 58.1 67.3 66.9
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable (48.7) (27.3) 21.8
Inventories (46.5) 1.4 (3.8)
Accounts payable 16.8 (5.3) (7.0)
Accrued expenses 42.6 26.1 (57.7)
Prepaid expenses and other current assets (25.1) (9.6) (2.9)
Other assets and liabilities 15.1 8.9 (23.0)
Net cash flows used in operating activities of continuing operations 326.0 276.0 170.9
       
Cash flows from investing activities:      
Capital expenditures (46.3) (28.8) (29.7)
Proceeds from disposal of property, plant and equipment 1.7 4.6
Proceeds from the Arysta Sale (net of cash $148.7 million) 4,281.8
Proceeds from the sale of equity investment
Acquisition of business, net of cash acquired (536.5) (9.0) (63.9)
Other, net 13.9 (3.8) 6.9
Net cash flows used in investing activities of continuing operations (568.9) (39.9) 4,199.7
       
Cash flows from financing activities:      
Debt proceeds, net of discount and premium 398.0 800.0 1,493.4
Repayments of borrowings (10.0) (807.9) (5,351.4)
Change in lines of credit, net (24.9)
Repurchases of common stock (19.6) (55.7) (507.1)
Dividends paid (61.9) (12.4)
Payment of financing fees (5.1) (46.2) (40.5)
Other, net (11.4) (1.4) (8.4)
Net cash flows used in financing activities of continuing operations 290.0 (123.6) (4,438.9)
       
Cash flows from discontinued operations:      
Net cash flows (used in) provided by operating activities of discontinued operations (3.5) (14.7) (161.7)
Net cash flows used in investing activities of discontinued operations (5.0)
Net cash flows provided by (used in) financing activities of discontinued operations 4.8
Net cash flows (used in) provided by discontinued operations (3.5) (14.7) (161.9)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5.4) 4.0 4.8
Net (decrease) increase in cash, cash equivalents and restricted cash 38.2 101.8 (225.4)
Cash, cash equivalents and restricted cash at beginning of period 291.9 190.1 415.5
Cash, cash equivalents and restricted cash at end of period 330.1 291.9 190.1
       
Supplemental disclosure information of continuing operations:      
Cash paid for interest 50.6 51.8 125.4
Cash paid for income taxes 71.2 66.5 71.2

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