XML 22 R7.htm IDEA: XBRL DOCUMENT v3.25.3
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities:    
Net income $ 318,200,000 $ 294,400,000
Adjustments for items not affecting cash:    
Depreciation and amortization 355,900,000 329,900,000
Share-based payments expense 64,400,000 45,200,000
Deferred income tax benefit 0 (44,500,000)
Unrealized foreign exchange loss (gain) 200,000 (500,000)
Gain on disposition of property, plant and equipment (1,600,000) (3,200,000)
Loss on deconsolidation 15,500,000 0
Allowance for expected credit losses 100,000 5,400,000
Amortization of debt issuance costs 7,100,000 9,700,000
Amortization of right-of-use assets 119,300,000 114,700,000
Other, net 12,100,000 16,100,000
Net changes in operating assets and liabilities (168,200,000) (19,700,000)
Net cash provided by operating activities 723,000,000.0 747,500,000
Investing activities:    
Acquisition of J.M. Wood, net of cash acquired (163,600,000) 0
Property, plant and equipment additions (190,300,000) (110,800,000)
Proceeds on disposition of property, plant and equipment 4,400,000 1,500,000
Intangible asset additions (91,200,000) (83,700,000)
Proceeds from repayment of loans receivable 15,800,000 6,300,000
Issuance of loans receivable (36,400,000) (20,800,000)
Other, net (4,000,000.0) (2,100,000)
Net cash used in investing activities (465,300,000) (209,600,000)
Financing activities:    
Dividends paid to common stockholders (165,500,000) (152,400,000)
Dividends paid to Series A Senior Preferred shareholders (25,900,000) (25,600,000)
Proceeds from exercise of options and share option plans 35,400,000 57,500,000
Payment of withholding taxes on issuance of shares (20,600,000) (14,600,000)
Net increase in short-term debt 41,200,000 16,400,000
Proceeds from long-term debt 275,000,000.0 0
Repayment of long-term debt (338,900,000) (353,300,000)
Payment of debt issuance costs (4,400,000) 0
Repayment of finance lease and equipment financing obligations (23,600,000) (19,700,000)
Proceeds from equipment financing obligations 2,700,000 2,000,000.0
Payment of contingent consideration (1,900,000) (1,900,000)
Net cash used in financing activities (226,500,000) (491,600,000)
Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash 19,300,000 (4,100,000)
Cash and cash equivalents classified as assets held for sale (6,000,000.0) 0
Net increase in cash, cash equivalents, and restricted cash 44,500,000 42,200,000
Cash, cash equivalents, and restricted cash, beginning of period 708,800,000 747,900,000
Cash, cash equivalents, and restricted cash, end of period $ 753,300,000 $ 790,100,000