XML 50 R6.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 216.2 $ 389.2
Adjustments to reconcile net earnings to net cash provided from operating activities:    
Depreciation, amortization and depletion 192.9 181.6
Equity earnings of affiliate, net of dividends received (1.0) (1.1)
(Gain) loss on foreign currency transaction effect (28.0) 2.3
Provision for deferred income taxes 7.5 38.9
Other, net 6.9 3.6
Change in operating assets and liabilities:    
Decrease (increase) in accounts receivable 123.2 (54.2)
Decrease (increase) in inventories 70.4 (7.5)
(Decrease) in accounts payable and accrued liabilities (102.4) (132.9)
(Increase) in other operating assets and liabilities (10.6) (48.6)
Net cash provided by operating activities 475.1 371.3
INVESTING ACTIVITIES    
Capital expenditures (101.0) (173.1)
Proceeds from sale (purchase) of short-term investments, net 40.0 0.3
Other 0.4  
Net cash used in investing activities (60.6) (172.8)
FINANCING ACTIVITIES    
Cash dividends paid to common stockholders (309.2) (309.2)
SCC shareholder derivative lawsuit - received from AMC   36.5
SCC shareholder derivative lawsuit - dividend paid   (36.5)
Other, net (2.2) (0.1)
Net cash used in financing activities (311.4) (309.3)
Effect of exchange rate changes on cash and cash equivalents 23.4 3.2
Increase (decrease) in cash and cash equivalents 126.5 (107.6)
Cash and cash equivalents, at beginning of year 1,925.1 844.6
Cash and cash equivalents, at end of year $ 2,051.6 $ 737.0