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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income $ 31.6 $ 27.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization 26.8 19.8
Stock-based compensation expense 3.7 3.4
Provision for deferred income taxes 3.2 3.4
Gains on disposition of property and other assets (0.8) (0.4)
(Increase) decrease in other assets (2.4) (1.2)
Increase (decrease) in other liabilities 0.2 1.9
Other 2.0 (1.2)
Changes in current assets and liabilities:    
(Increase) decrease in receivables (7.2) 85.2
(Increase) decrease in inventories (7.9) (17.5)
(Increase) decrease in other current assets 7.8 1.6
Increase (decrease) in accounts payable 14.0 (6.9)
Increase (decrease) in advance billings (9.4) (0.1)
Increase (decrease) in accrued liabilities (20.1) 9.3
Net cash provided by operating activities 41.5 125.0
Investing activities:    
Proceeds from disposition of property and other assets 5.1 0.7
Capital expenditures (21.1) (18.0)
Acquisitions, net of cash acquired (309.4) 0.0
Net cash required by investing activities (325.4) (17.3)
Financing activities:    
Payments to retire debt (0.3) (80.4)
Proceeds from issuance of debt 250.2 0.0
Shares repurchased (2.0) (6.0)
Dividends paid to common shareholders (2.5) (2.5)
Purchase of shares to satisfy employee tax on vested stock 0.0 (0.2)
Other 1.2 0.0
Net cash provided by (required by) financing activities 244.2 (89.1)
Net increase (decrease) in cash and cash equivalents (39.7) 18.6
Cash and cash equivalents at beginning of period 240.4 99.4
Cash and cash equivalents at end of period $ 200.7 [1] $ 118.0
[1] Unaudited