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.