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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities      
Net income $ 257.1 $ 205.3 $ 205.0
Adjustments to reconcile income to net cash provided by operating activities:      
Depreciation 310.2 303.3 287.0
Share-based Compensation 15.8 11.6 14.0
Asset Impairment Charges 38.5 33.9 1.3
Gains on sales of assets (52.9) (99.7) (79.3)
Deferred income taxes 72.8 90.2 61.4
Share of affiliates’ earnings, net of dividends (12.2) (13.7) (9.5)
Change in income taxes payable (5.7) 7.4 (4.4)
Change in accrued operating lease expense 3.0 (24.2) (5.2)
Employee benefit plans 7.1 10.6 3.7
Other (7.6) 9.6 (24.8)
Net cash provided by operating activities 626.1 534.3 449.2
Investing Activities      
Additions to operating assets and facilities (595.7) (681.4) (1,015.2)
Investments in affiliates (25.0) (15.5) (15.3)
Portfolio investments and capital additions (620.7) (696.9) (1,030.5)
Purchases of leased-in assets (117.1) (118.4) (150.5)
Portfolio proceeds 223.7 482.2 264.0
Proceeds from sales of other assets 23.0 18.7 26.9
Proceeds from sale-leasebacks 82.5 0.0 0.0
Net decrease (increase) in restricted cash 13.7 (2.9) 5.8
Payments for (Proceeds from) Other Investing Activities 0.0 9.7 5.8
Net cash used in investing activities (394.9) (307.6) (878.5)
Financing Activities      
Net proceeds from issuances of debt (original maturities longer than 90 days) 859.4 748.8 1,223.0
Repayments of debt (original maturities longer than 90 days) (800.0) (726.3) (819.8)
Net increase (decrease) in debt with original maturities of 90 days or less (3.6) (64.5) 50.0
Payments on capital lease obligations (3.6) (2.7) (2.6)
Stock repurchases (120.1) (125.4) (124.6)
Dividends (67.4) (68.2) (62.0)
Other 10.4 9.3 (1.8)
Net cash (used in) provided by financing activities (124.9) (229.0) 262.2
Effect of Exchange Rate Changes on Cash and Cash Equivalents (1.2) (5.2) (2.7)
Net (decrease) increase in Cash and Cash Equivalents during the period 105.1 (7.5) (169.8)
Cash and Cash Equivalents at beginning of period 202.4 209.9 379.7
Cash and Cash Equivalents at end of period $ 307.5 $ 202.4 $ 209.9