XML 48 R5.htm IDEA: XBRL DOCUMENT v2.3.0.15
Consolidated Statements of Cash Flows (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities:  
Net income$ 235.9$ 124.4
Adjustments to reconcile net income to net cash provided by operating activities:  
Depreciation and amortization139.1138.8
Deferred income taxes120.277.0
Equity in net earnings of unconsolidated affiliates(13.6)(16.2)
Share-based compensation6.46.1
Excess tax benefit from share-based compensation0(15.7)
Deferred compensation18.55.9
Distributions from unconsolidated affiliates9.115.5
Gain on insurance recoveries related to hurricane damage(25.6)0
Cash payments related to hurricane damage(1.9)0
Insurance proceeds related to hurricane damage36.60
Gain on sale of assets(0.5)(1.6)
Debt retirement costs14.249.3
Changes in working capital items:  
Accounts receivable(37.4)(34.1)
Materials and supplies(11.8)0.8
Other current assets(0.1)7.7
Accounts payable and accrued liabilities12.354.5
Other, net(36.3)(52.5)
Net cash provided by operating activities465.1359.9
Investing activities:  
Capital expenditures(284.0)(200.3)
Acquisition of an intermodal facility, net of cash acquired0(25.0)
Property investments in MSLLC(29.0)(18.2)
Insurance proceeds related to hurricane damage12.40
Proceeds from disposal of property6.86.2
Other, net1.611.6
Net cash used for investing activities(292.2)(225.7)
Financing activities:  
Proceeds from issuance of long-term debt500.0300.7
Repayment of long-term debt(521.9)(662.0)
Proceeds from common stock issuance0214.9
Debt costs(18.2)(44.8)
Proceeds from employee stock plans1.80.8
Excess tax benefit from share-based compensation015.7
Preferred stock dividends paid(2.9)(8.2)
Net cash used for financing activities(41.2)(182.9)
Cash and cash equivalents:  
Net increase (decrease) during each period131.7(48.7)
At beginning of year85.4117.5
At end of period$ 217.1$ 68.8