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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Unaudited Condensed Consolidated Cash Flows

v3.20.1
Statements Of Unaudited Condensed Consolidated Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES Ìý Ìý
Net loss $ (48.6) $ (22.1)
Adjustments to reconcile net loss to net cash used by operating activities: Ìý Ìý
Depreciation, depletion and amortization 34.4 19.9
Deferred income taxes (47.5) (4.1)
Loss (gain) on derivatives 32.0 (5.7)
Other (31.6) 13.9
Changes in operating assets and liabilities, net of business combination: Ìý Ìý
Receivables and other assets 254.1 204.0
Inventories (244.1) (228.9)
Payables, accrued expenses and other liabilities (109.2) (88.2)
Net cash used by operating activities (160.5) (111.2)
INVESTING ACTIVITIES Ìý Ìý
Purchase of property, plant and equipment (138.1) (134.1)
Acquisition of AK Steel, net of cash acquired (869.3) 0.0
Other investing activities (0.1) 8.5
Net cash used by investing activities (1,007.5) (125.6)
FINANCING ACTIVITIES Ìý Ìý
Repurchase of common shares 0.0 (124.3)
Dividends paid (16.9) (14.8)
Proceeds from issuance of debt 716.2 0.0
Debt issuance costs (44.4) 0.0
Repurchase of debt (429.9) (10.3)
Borrowings under credit facilities 800.0 0.0
Other financing activities (19.9) (8.4)
Net cash provided (used) by financing activities 1,005.1 (157.8)
Decrease in cash and cash equivalents, including cash classified within other current assets related to discontinued operations (162.9) (394.6)
Less: increase (decrease) in cash and cash equivalents from discontinued operations, classified within other current assets 2.8 (1.6)
Cash and Cash Equivalents, Period Increase (Decrease) (165.7) (393.0)
Cash and cash equivalents at beginning of period 352.6 823.2
Cash and cash equivalents at end of period $ 186.9 $ 430.2