XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 105.2 $ 84.4
Loss from discontinued operations, net of tax 0.5 0.3
Adjustments to reconcile net income to net cash provided by operating activities—    
Depreciation and amortization 45.9 45.2
Stock-based compensation 26.1 8.0
Deferred tax (benefit) expense (3.0) 49.0
Other, net 1.6 2.5
Change in assets and liabilities, net of acquisitions—    
Accounts receivable 8.3 (3.6)
Other assets 14.2 (16.4)
Accounts payable 1.3 (1.7)
Accrued payroll (9.5) (3.0)
Other liabilities 26.4 16.5
Net cash used in operating activities of discontinued operations (0.7) (0.4)
Total adjustments 110.6 96.1
Net cash provided by operating activities 216.3 180.8
Cash flows from investing activities:    
Purchases of property and equipment (59.9) (41.2)
Acquisitions of businesses, net of cash acquired (0.6) (16.4)
Other, net (0.1) 8.5
Net cash used in investing activities (60.6) (49.1)
Cash flows from financing activities:    
Borrowings on revolving credit facility 95.0 55.0
Payments on revolving credit facility (95.0) (122.0)
Repurchases of common stock, including fees and expenses 0.0 (18.1)
Dividends paid on common stock (25.4) (22.2)
Purchase of equity interests in consolidated affiliates (65.1) 0.0
Proceeds from exercising stock warrants 0.0 26.6
Distributions paid to noncontrolling interests of consolidated affiliates (15.4) (11.5)
Other, net (10.8) (14.1)
Net cash used in financing activities (116.7) (106.3)
Increase in cash, cash equivalents, and restricted cash 39.0 25.4
Cash, cash equivalents, and restricted cash at beginning of period 116.8 101.4
Cash, cash equivalents, and restricted cash at end of period 155.8 126.8
Reconciliation of Cash, Cash Equivalents, and Restricted Cash    
Cash and cash equivalents at beginning of period 54.4 40.5
Restricted cash at beginning of period 62.4 60.9
Cash, cash equivalents, and restricted cash at beginning of period 116.8 101.4
Cash and cash equivalents at end of period 86.4 61.2
Restricted cash at end of period 69.4 65.6
Cash, cash equivalents, and restricted cash at end of period $ 155.8 $ 126.8