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Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash provided by (used in):    
Net income $ 294,400,000 $ 121,800,000
Adjustments for items not affecting cash:    
Depreciation and amortization 329,900,000 246,900,000
Share-based payments expense 45,200,000 39,900,000
Deferred income tax benefit (44,500,000) (31,400,000)
Unrealized foreign exchange (gain) loss (500,000) 5,400,000
Gain on disposition of property, plant and equipment (3,200,000) (4,400,000)
Allowance for expected credit losses 5,400,000 0
Loss on redemption of notes 0 3,300,000
Gain on remeasurement of investment upon acquisition 0 (1,400,000)
Amortization of debt issuance costs 9,700,000 7,100,000
Amortization of right-of-use assets 114,700,000 72,900,000
Other, net 16,100,000 7,000,000.0
Net changes in operating assets and liabilities (19,700,000) (260,400,000)
Net cash provided by operating activities 747,500,000 206,700,000
Net Cash Provided by (Used in) Investing Activities [Abstract]    
Property, plant and equipment additions (110,800,000) (153,600,000)
Proceeds on disposition of property, plant and equipment 1,500,000 31,600,000
Intangible asset additions (83,700,000) (83,300,000)
Proceeds from repayment of loans receivable 6,300,000 2,300,000
Issuance of loans receivable (20,800,000) (18,800,000)
Other (2,100,000) (600,000)
Net cash used in investing activities (209,600,000) (3,002,300,000)
Financing activities:    
Issuance of Series A Senior Preferred Shares and common stock, net of issuance costs 0 496,900,000
Dividends paid to common stockholders (152,400,000) (248,700,000)
Dividends paid to Series A Senior Preferred shareholders (25,600,000) (21,900,000)
Proceeds from exercise of options and share option plans 57,500,000 15,500,000
Payment of withholding taxes on issuance of shares (14,600,000) (14,600,000)
Net increase (decrease) in short-term debt 16,400,000 (23,900,000)
Proceeds from long-term debt 0 3,175,000,000
Repayment of long-term debt (353,300,000) (603,300,000)
Payment of debt issue costs 0 (41,700,000)
Repayment of finance lease and equipment financing obligations (19,700,000) (13,600,000)
Proceeds from equipment financing obligations 2,000,000.0 11,100,000
Payment of contingent consideration (1,900,000) (2,000,000.0)
Net cash (used in) provided by financing activities (491,600,000) 2,728,800,000
Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash (4,100,000) 100,000
Net increase (decrease) in cash, cash equivalents, and restricted cash 42,200,000 (66,700,000)
Cash, cash equivalents, and restricted cash, beginning of period 747,900,000 625,900,000
Cash, cash equivalents, and restricted cash, end of period 790,100,000 559,200,000
IAA acquisition    
Net Cash Provided by (Used in) Investing Activities [Abstract]    
Acquisitions, net of cash acquired 0 (2,755,200,000)
VeriTread    
Net Cash Provided by (Used in) Investing Activities [Abstract]    
Acquisitions, net of cash acquired $ 0 $ (24,700,000)