XML 87 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Operating activities:      
Net income $ 379.4 $ 331.9 $ 180.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 198.8 186.2 184.9
Deferred income taxes 197.3 120.7 106.2
Equity in net earnings of unconsolidated affiliates (19.3) (18.2) (19.7)
Share-based compensation 10.7 8.5 8.8
Excess tax benefit from share-based compensation (31.5) (0.2) (1.2)
Deferred compensation 7.3 19.5 1.6
Elimination of deferred statutory profit sharing liability (47.8) 0 0
Distributions from unconsolidated affiliates 19.8 18.1 19.5
Gain on insurance recoveries related to hurricane damage 0 (25.6) 0
Cash payments related to hurricane damage 0 (3.3) (27.8)
Insurance proceeds related to hurricane damage 0 40.2 8.2
Debt retirement costs 20.1 38.7 68.3
Changes in working capital items:      
Accounts receivable (21.5) (1.5) (20.2)
Materials and supplies (9.3) (7.2) 6.3
Other current assets (15.1) (26.8) (4.8)
Accounts payable and accrued liabilities (3.0) (7.5) 22.0
Other, net (12.7) (35.5) (35.8)
Net cash provided by operating activities 673.2 638.0 496.3
Investing activities:      
Capital expenditures (540.0) (495.0) (287.3)
Acquisition of an intermodal facility, net of cash acquired 0 0 (25.0)
Property investments in MSLLC (35.2) (33.3) (25.2)
Contributions from noncontrolling interest 7.8 10.0 0
Insurance proceeds related to hurricane damage 0 12.4 1.8
Proceeds from disposal of property 14.7 10.0 8.3
Other, net 0.8 (14.5) 15.9
Net cash used for investing activities (551.9) (510.4) (311.5)
Financing activities:      
Proceeds from issuance of long-term debt 329.6 550.0 480.7
Repayment of long-term debt (375.9) (653.3) (839.7)
Proceeds from common stock issuance 0 0 214.9
Debt costs (22.1) (36.6) (65.1)
Proceeds from employee stock plans 1.9 2.1 2.1
Excess tax benefit from share-based compensation 31.5 0.2 1.2
Dividends paid (86.1) (3.0) (11.0)
Net cash used for financing activities (121.1) (140.6) (216.9)
Cash and cash equivalents:      
Net increase (decrease) during each period 0.2 (13.0) (32.1)
At beginning of year 72.4 85.4 117.5
At end of year 72.6 72.4 85.4
Non-cash investing and financing activities:      
Capital expenditures accrued but not yet paid at end of year 44.4 61.7 57.1
Capital lease obligations incurred 13.8 0.7 3.7
Non-cash asset acquisitions 13.2 116.1 7.3
Cash payments:      
Interest paid, net of amounts capitalized 97.9 125.0 153.0
Income tax payments, net of refunds $ 1.9 $ 0.9 $ 1.6