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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 417.3 $ 439.4 $ 249.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 169.0 113.7 103.2
Equity in income of unconsolidated affiliates (146.3) (152.7) (143.2)
Distributions from unconsolidated affiliates 155.1 156.9 109.4
Stock-based compensation 32.9 31.8 27.8
Deferred income taxes 47.4 108.7 9.8
Asset impairments 24.6 38.3 15.3
Amortization of operating lease assets 6.2 5.3 5.3
Gain on sale of assets (114.0) (274.6) 0.0
Other 5.4 7.4 5.3
Changes in operating assets and liabilities, net of businesses acquired and dispositions:      
Income taxes (1.1) 28.2 12.9
Deferred revenue 34.2 (12.7) 10.7
Other assets and liabilities (25.4) 21.1 53.9
Net cash provided by operating activities 605.3 510.8 459.5
Cash flows from investing activities:      
Capital maintenance expenditures (77.7) (50.2) (39.5)
Capital project expenditures (598.8) (373.3) (52.3)
Acquisition of businesses, net of cash acquired (241.3) (2,918.5) 0.0
Acquisition of gaming rights, net of cash acquired 0.0 (33.3) 0.0
Proceeds from sale of assets 195.7 279.0 0.0
Other 4.1 (7.4) (8.6)
Net cash used in investing activities (718.0) (3,103.7) (100.4)
Cash flows from financing activities:      
Proceeds from borrowings under long-term debt obligations 1,771.1 2,862.4 780.8
Repayments of borrowings under long-term debt obligations (1,536.0) (205.4) (430.9)
Payment of dividends (27.1) (26.0) (24.8)
Repurchase of common stock (55.9) (174.9) (297.5)
Taxes paid related to net share settlement of stock awards (25.5) (28.4) (12.9)
Proceeds from pending equity transaction 14.4 0.0 0.0
Debt issuance costs (13.0) (27.3) (6.9)
Change in bank overdraft 2.0 13.3 (10.5)
Other (0.7) 2.3 2.2
Net cash provided by (used in) financing activities 129.3 2,416.0 (0.5)
Cash flows from discontinued operations:      
Operating cash flows of discontinued operations 0.5 26.0 (124.0)
Net increase (decrease) in cash, cash equivalents and restricted cash 17.1 (150.9) 234.6
Cash, cash equivalents and restricted cash, beginning of year 204.7 355.6 121.0
Cash, cash equivalents and restricted cash, end of year 221.8 204.7 355.6
Supplemental disclosures of cash flow information:      
Interest 283.6 133.6 77.5
Cash paid for income taxes 99.1 68.6 72.4
Cash received from income tax refunds 0.9 61.6 0.0
Schedule of non-cash investing and financing activities:      
Dividends payable 29.3 27.0 27.0
Deferred payment on gaming rights incurred during the period 0.0 50.6 0.0
Deferred payments for acquisition of business included in other liabilities 4.9 0.0 0.0
Property and equipment additions included in accounts payable and accrued expense and other current liabilities $ 95.1 $ 51.3 $ 18.7