XML 43 R17.htm IDEA: XBRL DOCUMENT v3.19.1
Cash Flow Information
12 Months Ended
Dec. 31, 2018
Supplemental Cash Flow Elements [Abstract]  
Cash Flow Information
CASH FLOW INFORMATION
Supplemental disclosures of cash paid for interest and income taxes and non-cash investing and financing information is as follows:
 
Years Ended December 31,
(in millions)
2018
 
2017
 
2016
Cash paid during the period for:
 
 
 
 
 
Interest
$
196.0

 
$
178.9

 
$
163.0

Less amount capitalized
22.1

 
23.9

 
38.5

Cash interest, net
$
173.9

 
$
155.0

 
$
124.5

Income taxes
$
(34.2
)
 
$
(70.1
)
 
$
(65.4
)

Acquiring or constructing property, plant and equipment by incurring a liability does not result in a cash outflow for us until the liability is paid. In the period the liability is incurred, the change in operating accounts payable on the Consolidated Statements of Cash Flows is adjusted by such amount. In the period the liability is paid, the amount is reflected as a cash outflow from investing activities. The applicable net change in operating accounts payable that was classified to investing activities on the Consolidated Statements of Cash Flows was $(96.8) million, $11.1 million and $43.7 million for 2018, 2017, and 2016 respectively.
We accrued $11.8 million related to the dividends declared in 2018 that will be paid in 2019. At December 31, 2017 and 2016, we had accrued dividends of $12.1 million and $96.3 million which were paid in 2018 and 2017, respectively.
On October 24, 2017, a lease financing transaction was completed with respect to an articulated tug and barge unit that is being used to transport ammonia for our operations. As described in more detail in Note 23, we had provided bridge loans to a consolidated affiliate for construction of the unit, and that entity also received construction loans from a joint venture in which we hold a 50% interest. Following the application of proceeds from the transaction, all outstanding construction loans to the joint venture entity, together with accrued interest, were repaid.
We had non cash investing and financing transactions related to assets acquired under capital leases in 2017 of $267.9 million. Non cash investing and financing transactions related to assets acquired under capital leases were immaterial in 2018.
Depreciation, depletion and amortization includes $878.2 million, $659.4 million, and $703.8 million related to depreciation and depletion of property, plant and equipment, and $5.7 million, $6.1 million, and $7.4 million related to amortization of intangible assets for 2018, 2017, and 2016, respectively.