LYDALL INC (LDL) [Rocket]

In millions, except per share items	Jun-30-21	Dec-31-20	Sep-30-20	Sep-05-20	Jun-30-20	Jun-05-20	Mar-31-20	Dec-31-19
	10-Q	10-K	10-Q	8-K	10-Q	8-K	10-Q	10-K
Cash flows from operating activities:
Net income (loss)	5.8	0.3	-11.7		-5.9		-56.4	-70.5
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization		12.6	17.5	17.5	12.6	12.6	12.2	12.3
Amortization of debt issuance costs					-0.4		0.4
Impairment of goodwill and long-lived assets							61.1
Deferred income taxes		2.5	-0.9		-3.2		-2.9	-1.7
Employee benefit plans settlement expenses							0.4	-0.5
Stock-based compensation		0.9	0.7		0.9		0.9	0.8
(Gain) loss on disposition of property, plant and equipment		0.1	0.1		0.0		0.0	0.0
(Gain) loss from equity method investment	-0.2	0.0	-0.1		0.0		0.0	0.0
Changes in operating assets and liabilities:
Accounts receivable		-3.4	-11.4		10.9		-7.8	26.9
Contract assets		-4.8	1.0		-1.1		1.3	-1.2
Inventories		-6.2	10.5		1.7		-2.0	8.8
Income taxes (receivable) payable		-3.1						-0.9
Prepaid expenses and other assets
Accounts payable		-2.2	20.0		-12.8		21.1	-13.8
Accrued taxes payable		-2.2	-1.3		7.3		-1.4	0.7
Benefit plan liabilities		-1.9						-4.3
Other, net		-3.3	5.3		0.2		0.3	5.6
Net cash provided by (used for) operating activities	5.9	-0.4	34.2	34.2	13.7	13.7	26.7	23.9

Cash flows from investing activities:
Capital expenditures		-12.9	-5.1		-6.3		-9.2	-8.6
Payments from divestitures
Proceeds from the sale of property, plant and equipment		0.0	0.0		0.0			0.0
Net cash provided by (used for) investing activities	29.3	-11.4	-4.2	-4.2	-4.6	-4.6	-7.5	-8.6

Cash flows from financing activities:
Proceeds from borrowings							20.0
Debt repayments		-12.5	-2.5		-2.5		-4.5	-14.0
Common stock issued		2.1	0.0		0.0		0.0	0.4
Common stock repurchased		-0.2	0.0				0.0	-0.1
Net cash provided by (used for) financing activities		-10.8	-2.8	-2.8	-4.9	-4.9	18.4	-13.7
Effect of exchange rate changes on cash		2.7	2.3		0.5		-1.1	0.8