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Consolidated Statements of Cash Flows (unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Operating activities:    
Net income $ 406.1 $ 167.0
Adjustments to reconcile net income to net cash provided by operating activities:    
(Income) loss from discontinued operations 0.5 (5.6)
Depreciation and amortization 111.0 102.4
Stock-based compensation expense 23.5 18.8
Excess tax benefits from stock-based compensation (23.6) (7.8)
Provision (benefit) for deferred income taxes (19.6) 30.7
Net gains on railcar lease fleet sales owned more than one year at the time of sale (87.2) (8.0)
(Gains) losses on disposition of property, plant, equipment, and other assets (12.6) 0.3
Non-cash interest expense 15.0 16.2
Other (3.0) (5.7)
Changes in assets and liabilities:    
(Increase) decrease in receivables (136.5) 3.0
(Increase) decrease in inventories (176.4) (37.4)
(Increase) decrease in restricted cash 25.0 0
(Increase) decrease in other assets (19.0) (29.0)
Increase (decrease) in accounts payable 73.7 0
Increase (decrease) in accrued liabilities (21.1) 16.8
Increase (decrease) in other liabilities 1.2 4.7
Net cash provided by operating activities - continuing operations 157.0 266.4
Net cash provided by operating activities - discontinued operations 0.4 7.2
Net cash provided by operating activities 157.4 273.6
Investing activities:    
(Increase) decrease in short-term marketable securities (68.8) (59.9)
Proceeds from railcar lease fleet sales owned more than one year at the time of sale 242.1 39.1
Proceeds from disposition of property, plant, equipment, and other assets 21.0 0.1
Capital expenditures – leasing, net of sold lease fleet railcars owned one year or less with a net cost of $257.6 and $15.5 (49.5) (308.5)
Capital expenditures – manufacturing and other (107.5) (57.4)
Acquisitions, net of cash acquired (118.8) (37.2)
Other 0.4 (0.6)
Net cash required by investing activities - continuing operations (81.1) (424.4)
Net cash required by investing activities - discontinued operations (0.1) (0.5)
Net cash required by investing activities (81.2) (424.9)
Financing activities:    
Proceeds from issuance of common stock, net 0.4 1.6
Excess tax benefits from stock-based compensation 23.6 7.8
Payments to retire debt (90.1) (177.4)
Proceeds from issuance of debt 332.1 0
(Increase) decrease in restricted cash (12.8) (3.8)
Shares repurchased (17.5) (40.2)
Dividends paid to common shareholders (23.2) (17.4)
Purchase of shares to satisfy employee tax on vested stock (38.1) (9.0)
Proceeds from sale of interests in partially-owned leasing subsidiaries 0 294.9
Repurchase of noncontrolling interests in partially-owned leasing subsidiary 0 (84.0)
Contributions from noncontrolling interest 49.6 0
Distributions to noncontrolling interest (12.3) 0
Other (0.5) (5.6)
Net cash provided (required) by financing activities - continuing operations 211.2 (33.1)
Net cash required by financing activities - discontinued operations (0.6) (0.6)
Net cash provided (required) by financing activities 210.6 (33.7)
Net increase (decrease) in cash and cash equivalents 286.8 (185.0)
Cash and cash equivalents at beginning of period 428.5 573.0
Cash and cash equivalents at end of period $ 715.3 [1] $ 388.0
[1] (unaudited)