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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income (loss) $ 111.5 $ (114.9)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 108.0 108.7
Amortization of debt discounts and debt issuance costs 2.3 2.2
Non-cash interest expense 14.0 10.6
Non-cash operating lease expense 83.5 77.7
Income from unconsolidated affiliates (7.6) (7.2)
Return on investment from unconsolidated affiliates 8.3 7.3
Deferred income taxes 11.5 (72.3)
Stock-based compensation 15.6 11.9
Investment Agreement warrant expense 14.2 18.7
Gain on financing arrangement (215.1) 0.0
Changes in operating assets and liabilities    
Accounts receivable 0.9 35.9
Prepaid expenses and other current assets (8.6) (0.5)
Other assets 1.7 (6.2)
Accounts payable 4.0 1.5
Accrued expenses (64.2) (81.7)
Income taxes 55.8 58.3
Operating lease liabilities (78.9) (72.4)
Other current and long-term liabilities (19.9) (52.5)
Other 4.9 6.2
Net cash provided by (used in) operating activities 41.9 (68.7)
Investing activities    
Capital expenditures (125.2) (41.4)
Other (10.7) (5.9)
Net cash used in investing activities (135.9) (47.3)
Financing activities    
Proceeds from revolving credit facility 150.0 0.0
Repayments of revolving credit facility (90.0) 0.0
Principal payments on long-term debt (9.4) (9.4)
Debt issuance costs 0.0 (2.6)
Principal payments on financing obligations (10.7) (10.0)
Principal payments on finance leases (13.1) (12.2)
Repurchase of common stock (25.0) 0.0
Payments on insurance financing (12.4) (12.2)
Other (5.6) (3.7)
Net cash used in financing activities (16.2) (50.1)
Effect of currency rate changes on cash, cash equivalents, and restricted cash 0.0 (0.8)
Change in cash, cash equivalents, and restricted cash (110.2) (166.9)
Cash, cash equivalents, and restricted cash at the beginning of the year 723.8 1,094.4
Cash, cash equivalents, and restricted cash at the end of the period 613.6 927.5
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 591.6 903.6
Restricted cash included in Other current assets 20.8 22.7
Restricted cash included in Other assets 1.2 1.2
Total cash, cash equivalents, and restricted cash 613.6 927.5
Supplemental disclosure:    
Cash paid for interest, net of amounts capitalized 102.0 114.0
Cash payments (refunds) related to income taxes, net (19.7) 0.6
Non-cash activities:    
Accrued capital expenditures $ 67.7 $ 12.7