XML 19 R7.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 285.3 $ 230.5
Loss from discontinued operations, net of tax 2.5 2.2
Adjustments to reconcile net income to net cash provided by operating activities—    
Depreciation and amortization 143.2 136.5
Stock-based compensation 22.9 23.5
Deferred tax expense 4.2 0.3
Other, net 14.2 3.1
Change in assets and liabilities, net of acquisitions—    
Accounts receivable 0.9 11.5
Other assets (48.4) (8.4)
Accounts payable 1.8 4.0
Other liabilities 32.3 34.3
Net cash used in operating activities of discontinued operations (2.7) (2.9)
Total adjustments 168.4 201.9
Net cash provided by operating activities 456.2 434.6
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (296.3) (221.7)
Proceeds from sale of restricted investments 17.0 1.0
Other, net (8.8) (11.8)
Net cash used in investing activities (288.1) (232.5)
Cash flows from financing activities:    
Principal borrowings on notes 0.0 20.0
Principal payments on debt, including pre-payments (2.4) (5.7)
Borrowings on revolving credit facility 50.0 60.0
Payments on revolving credit facility (50.0) (115.0)
Principal payments under finance lease obligations (10.7) (9.5)
Taxes paid on behalf of employees for shares withheld (12.1) (7.7)
Contributions from noncontrolling interests of consolidated affiliates 33.3 46.3
Dividends paid on common stock (30.8) (30.5)
Distributions paid to noncontrolling interests of consolidated affiliates (52.5) (59.4)
Repurchases of common stock, including fees and expenses (16.8) 0.0
Other, net 1.8 0.0
Net cash used in financing activities (90.2) (101.5)
Increase in cash, cash equivalents, and restricted cash 77.9 100.6
Cash, cash equivalents, and restricted cash at beginning of period 104.2 53.4
Cash, cash equivalents, and restricted cash at end of period 182.1 154.0
Reconciliation of Cash, Cash Equivalents, and Restricted Cash    
Cash and cash equivalents at beginning of period 69.1 21.8
Restricted cash at beginning of period 35.1 31.6
Cash, cash equivalents, and restricted cash at beginning of period 104.2 53.4
Cash and cash equivalents at end of period 154.4 117.5
Restricted cash at end of period 27.7 36.5
Cash, cash equivalents, and restricted cash at end of period 182.1 154.0
Supplemental schedule of noncash operating, investing, and financing activities:    
Accrued purchases of property, equipment, and intangible assets (3.4) 19.0
Operating lease additions and adjustments 24.9 7.6
Joint venture contributions $ 11.8 $ 18.0