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Quarterly report pursuant to Section 13 or 15(d)

Statements Of Condensed Consolidated Cash Flows

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Statements Of Condensed Consolidated Cash Flows (USD $)
In Millions, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
OPERATING ACTIVITIES Ìý Ìý
NET INCOME (LOSS) $ (70.7) $ 120.8
Adjustments to reconcile net income to net cash provided (used) by operating activities: Ìý Ìý
Depreciation, depletion and amortization 141.1 140.6
Deferred income taxes 15.1 (46.3)
Other 3.2 (10.0)
Changes in operating assets and liabilities: Ìý Ìý
Receivables and other assets 161.5 102.7
Product inventories (214.5) (194.0)
Payables and accrued expenses (117.7) (139.2)
Net cash used by operating activities (82.0) (25.4)
INVESTING ACTIVITIES Ìý Ìý
Purchase of property, plant and equipment (103.3) (230.4)
Other investing activities 12.6 2.0
Net cash used by investing activities (90.7) (228.4)
FINANCING ACTIVITIES Ìý Ìý
Net proceeds from issuance of Series A, Mandatory Convertible Preferred Stock, Class A 0 709.4
Net proceeds from issuance of common shares 0 285.6
Repayment of term loan 0 (847.1)
Borrowings under credit facilities 225.0 297.0
Repayment under credit facilities 0 (72.0)
Common stock dividends (23.0) (22.9)
Preferred stock dividends (12.8) 0
Other financing activities 8.7 (4.1)
Net cash provided by financing activities 197.9 345.9
EFFECT OF EXCHANGE RATE CHANGES ON CASH 3.3 (0.1)
INCREASE IN CASH AND CASH EQUIVALENTS 28.5 92.0
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 335.5 195.2
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 364.0 $ 287.2