XML 18 R7.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 113.3 $ 110.1
Loss (income) from discontinued operations, net of tax 1.0 (23.7)
Adjustments to reconcile net income to net cash provided by operating activities—    
Depreciation and amortization 63.9 57.7
Stock-based compensation 7.9 6.1
Deferred tax expense 4.0 2.3
Other, net 1.2 8.0
Change in assets and liabilities, net of acquisitions—    
Accounts receivable 23.7 7.5
Other assets (3.7) 13.6
Accounts payable 1.2 9.4
Other liabilities 16.7 (8.5)
Net cash (used in) provided by operating activities of discontinued operations (1.3) 36.4
Total adjustments 113.6 132.5
Net cash provided by operating activities 227.9 218.9
Cash flows from investing activities:    
Purchases of property and equipment (96.6) (112.9)
Other, net (7.4) (8.8)
Net cash used in investing activities of discontinued operations 0.0 (1.4)
Net cash used in investing activities (104.0) (123.1)
Cash flows from financing activities:    
Principal payments on debt, including pre-payments (0.6) (103.9)
Borrowings on revolving credit facility 30.0 130.0
Payments on revolving credit facility (45.0) (25.0)
Debt amendment costs 0.0 (20.0)
Taxes paid on behalf of employees for shares withheld (7.7) (7.2)
Contributions from noncontrolling interests of consolidated affiliates 17.0 14.0
Dividends paid on common stock (15.6) (28.5)
Distributions paid to noncontrolling interests of consolidated affiliates (31.8) (20.8)
Other, net (4.3) (4.6)
Net cash provided by financing activities of discontinued operations 0.0 5.1
Net cash used in financing activities (58.0) (60.9)
Increase in cash, cash equivalents, and restricted cash 65.9 34.9
Cash, cash equivalents, and restricted cash at beginning of period 53.4 120.3
Cash, cash equivalents, and restricted cash at end of period 119.3 155.2
Reconciliation of Cash, Cash Equivalents, and Restricted Cash    
Cash and cash equivalents at beginning of period 21.8 49.4
Restricted cash at beginning of period 31.6 62.5
Restricted cash included in other long-term assets at beginning of period 0.0 0.4
Cash, cash equivalents, and restricted cash in discontinued operations at beginning of period 0.0 8.0
Cash, cash equivalents, and restricted cash at beginning of period 53.4 120.3
Cash and cash equivalents at end of period 85.0 76.6
Restricted cash at end of period 34.3 57.3
Cash, cash equivalents, and restricted cash in discontinued operations at end of period 0.0 21.3
Cash, cash equivalents, and restricted cash at end of period 119.3 155.2
Supplemental schedule of noncash financing activity:    
Joint venture contributions $ 16.9 $ 0.0