XML 52 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 272,091,000 $ 52,433,000 $ 119,484,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Income from equity investment in RailAmerica, net 0 (15,557,000) 0
Depreciation and amortization 141,644,000 73,405,000 66,481,000
Compensation cost related to equity awards 16,951,000 12,151,000 7,776,000
Excess tax benefit from share-based compensation (6,861,000) (5,335,000) (2,820,000)
Deferred income taxes 10,229,000 29,926,000 26,291,000
Net (gain)/loss on sale and impairment of assets (4,677,000) (11,225,000) (5,660,000)
Gain on sale of investments 0 0 (907,000)
Gain on insurance recoveries (1,465,000) (5,760,000) (1,061,000)
Insurance proceeds received 11,053,000 21,479,000 646,000
Contingent forward sale contract mark-to-market expense 0 50,106,000 0
Changes in operating assets and liabilities which provided/(used) cash, net of effect of acquisitions:      
Accounts receivable, net (44,454,000) (262,000) (12,307,000)
Materials and supplies (1,839,000) (567,000) (1,206,000)
Prepaid expenses and other (22,000) (5,384,000) 3,543,000
Accounts payable and accrued expenses 16,383,000 (30,051,000) (25,556,000)
Other assets and liabilities, net 4,471,000 5,320,000 (1,235,000)
Net cash provided by operating activities 413,504,000 170,679,000 173,469,000
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (249,318,000) (231,694,000) (178,668,000)
Grant proceeds from outside parties 33,913,000 39,632,000 22,642,000
Cash paid for acquisitions, net of cash acquired 0 (1,925,296,000) (89,935,000)
Insurance proceeds for the replacement of assets 0 370,000 0
Proceeds from the sale of investments 0 0 1,369,000
Proceeds from disposition of property and equipment 6,687,000 15,298,000 9,464,000
Net cash used in investing activities (208,718,000) (2,101,690,000) (235,128,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Principal payments on long-term borrowings, including capital leases (471,957,000) (1,013,166,000) (533,544,000)
Proceeds from issuance of long-term debt 262,651,000 2,192,916,000 581,394,000
Debt amendment/issuance costs (2,773,000) (38,839,000) (4,742,000)
Net proceeds from Class A common stock issuance 0 234,340,000 0
Net proceeds from TEU issuance 0 222,856,000 0
Net proceeds from Series A-1 Preferred Stock issuance 0 349,418,000 0
Dividends paid on Series A-1 Preferred Stock (2,139,000) (4,375,000) 0
Proceeds from employee stock purchases 12,510,000 19,320,000 17,433,000
Excess tax benefit from share-based compensation 6,861,000 5,335,000 2,820,000
Treasury stock acquisitions (11,095,000) (4,314,000) (1,326,000)
Net cash (used in)/provided by financing activities (205,942,000) 1,963,491,000 62,035,000
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (740,000) 5,023,000 (524,000)
(DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (1,896,000) 37,503,000 (148,000)
CASH AND CASH EQUIVALENTS, beginning of year 64,772,000 27,269,000 27,417,000
CASH AND CASH EQUIVALENTS, end of year $ 62,876,000 $ 64,772,000 $ 27,269,000