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)		-62.0	-144.4		-129.7		-130.8	-70.5
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation and amortization		55.0	54.7		49.8		49.3	49.0
Amortization of debt issuance costs					0.0		0.4
Impairment of goodwill and long-lived assets							61.1
Deferred income taxes		-3.5	-8.6		-8.3		-17.2	-14.1
Employee benefit plans settlement expenses							25.6
Stock-based compensation		3.5	3.3		3.2		2.8	2.8
(Gain) loss on disposition of property, plant and equipment		0.2	0.2		0.0		0.0	0.0
(Gain) loss from equity method investment		0.0	-0.1		-0.1		-0.1	-0.1
Changes in operating assets and liabilities:
Accounts receivable		-0.3	18.7		42.5		41.1	37.5
Contract assets		-3.6	0.1		-6.5		-4.6	0.0
Inventories		3.9	18.9		6.9		7.2	4.2
Income taxes (receivable) payable		-3.1						-0.9
Accounts payable		26.2	14.6		-2.3		5.2	-0.4
Accrued taxes payable		3.6	5.2		8.0		0.7	2.5
Benefit plan liabilities		-1.9						-4.3
Other, net		2.4	11.3		4.9		1.7	-0.4
Net cash provided by (used for) operating activities		74.2	98.5		91.1		99.2	86.9

Cash flows from investing activities:
Capital expenditures		-28.4	-29.2		-31.0		-35.8	-28.9
Proceeds from the sale of property, plant and equipment		0.0	0.0		0.0			0.3
Net cash provided by (used for) investing activities		-27.6	-24.9		-27.6		-30.9	-32.4

Cash flows from financing activities:
Proceeds from borrowings							20.0
Debt repayments		-19.5	-23.5		-34.1		-49.7	-39.2
Common stock issued		2.2	0.5		0.5		0.5	0.4
Common stock repurchased		-0.2	-0.1				-0.1	-0.1
Net cash provided by (used for) financing activities		-0.1	-3.0		-13.2		-26.4	-51.9
Effect of exchange rate changes on cash		4.4	2.5		-1.1		-1.9	0.8