v3.24.2.u1
UNAUDITED CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
NET CASH FLOW FROM OPERATING ACTIVITIES    
Net (loss)/income $ 5.1 $ (78.1)
Adjustments for:    
Depreciation and amortization 125.3 104.4
Impairment losses 2.5 7.5
Loss on sale of subsidiary 5.6 0.0
Share-based payments for equity-settled options 10.1 0.0
Other non-cash valuation losses 5.2 13.0
Finance income (5.2) (3.1)
Finance cost 130.0 187.2
Loss on debt extinguishment 14.3 0.0
Income tax (benefit)/expense (43.7) 31.9
Changes in:    
Inventories (167.8) (321.3)
Trade receivables 157.3 242.1
Prepaid expenses and other receivables (39.3) (12.0)
Accounts payables 50.6 (3.8)
Other liabilities (17.0) (68.1)
Cash generated from operating activities 233.0 99.7
Interest paid (84.9) (110.9)
Interest received 3.9 3.3
Income taxes paid (85.2) (59.0)
Total net cash flows from/(used in) operating activities 66.8 (66.9)
NET CASH FLOW FROM INVESTING ACTIVITIES    
Proceeds from sale of subsidiary 15.5 0.0
Acquisition of property, plant and equipment (106.1) (51.0)
Acquisition of intangible assets (21.1) (4.2)
Proceeds from sale of property, plant and equipment 0.0 2.4
Acquisition of right-of-use assets (2.7) (3.5)
Net cash flow used in investing activities (114.4) (56.3)
NET CASH FLOW FROM FINANCING ACTIVITIES    
Proceeds from short-term borrowings from financial institutions 48.4 185.3
Repayments of short-term borrowings from financial institutions (396.3) (125.3)
Proceeds from long-term borrowings from financial institutions 2,027.3 0.0
Repayments of long-term borrowings from financial institutions (1,831.8) 0.0
Repayments of long-term borrowings from related parties (1,460.5) 0.0
Proceeds from share issuance 1,514.8 0.0
Payments of lease liabilities (47.8) (37.6)
Payments of debt issuance costs (8.2) 0.0
Settlements of forward contract and balance sheet hedges (28.3) (3.1)
Release of derivative contract collateral 18.1 0.0
Other financing items (1.5) (14.6)
Net cash flow (used in)/from financing activities (165.8) 4.7
CHANGE IN CASH AND CASH EQUIVALENTS (213.4) (118.5)
Cash and cash equivalents    
Cash and cash equivalents at period end 255.9 278.5
Translation differences (14.1) (5.0)
Cash and cash equivalents at the beginning of the period 483.4 402.0
NON-CASH FINANCING ACTIVITIES    
Equitization of related party loans and interest $ 2,562.0 $ 107.3