XML 15 R5.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income (loss) $ 144.4 $ (142.3)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 52.0 44.1
Distributions from unconsolidated affiliates 47.5 4.8
Equity in (income) loss of unconsolidated affiliates (61.3) 14.4
Stock-based compensation 12.6 10.4
Deferred income taxes 7.4 (24.8)
Asset impairments 11.2 17.5
Amortization of operating lease assets 2.7 2.5
Other 3.1 1.8
Changes in operating assets and liabilities:    
Income taxes 39.5 (22.4)
Deferred revenue (12.6) 43.5
Current liabilities of discontinued operations (124.0) 124.0
Other assets and liabilities 87.8 3.4
Net cash provided by operating activities 210.3 76.9
Cash flows from investing activities:    
Capital maintenance expenditures (13.7) (13.2)
Capital project expenditures (15.9) (118.1)
Other (0.9) (0.5)
Net cash used in investing activities (30.5) (131.8)
Cash flows from financing activities:    
Proceeds from borrowings under long-term debt obligations 780.8 726.1
Repayments of borrowings under long-term debt obligations (427.4) (33.4)
Payment of dividends (24.8) (23.4)
Repurchase of common stock (193.9) (28.4)
Cash settlement of stock awards 0.0 (12.7)
Taxes paid related to net share settlement of stock awards (12.6) (15.1)
Debt issuance costs (6.8) (1.7)
Change in bank overdraft (6.1) 0.0
Other 1.4 0.0
Net cash provided by financing activities 110.6 611.4
Net increase in cash, cash equivalents and restricted cash 290.4 556.5
Cash, cash equivalents and restricted cash, beginning of period 121.0 142.5
Cash, cash equivalents and restricted cash, end of period 411.4 699.0
Supplemental disclosures of cash flow information:    
Cash paid for during the period for interest 35.9 39.7
Cash paid for during the period for income taxes 10.4 0.7
Schedule of non-cash operating, investing and financing activities:    
Property and equipment additions included in accounts payable and accrued expenses 5.0 28.1
Right-of-use assets obtained in exchange for lease obligations in operating leases $ 9.2 $ 2.6