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v3.20.2

Condensed Consolidated Statements Of Cash Flows - USD ($) | 6 Months Ended
--- | ---
Jun. 30, 2020 | Jun. 30, 2019
OPERATING ACTIVITIES |  |
Net income (loss) | $ (4,116,500,000) | $ 219,300,000
Adjustments to reconcile net income (loss) to net cash used in operating activities: |  |
Loss on impairment | 3,646,200,000 | 2,500,000
Depreciation expense | 296,000,000.0 | 282,900,000
Deferred income tax expense (benefit) | (109,100,000) | 17,300,000
Debt discounts and other | 28,800,000 | 8,700,000
Share-based compensation expense | 13,500,000 | 19,200,000
(Gain on) adjustment to bargain purchase | 6,300,000 | (712,800,000)
Amortization, net | 12,200,000 | (17,300,000)
Equity in earnings of ARO | 11,500,000 | (600,000)
Other | (2,700,000) | 2,900,000
Changes in operating assets and liabilities | (156,700,000) | (111,500,000)
Contributions to pension plans and other post-retirement benefits | 10,600,000 | 4,000,000.0
Net cash used in operating activities | (381,100,000) | (293,400,000)
INVESTING ACTIVITIES |  |
Additions to property and equipment | 67,100,000 | 134,800,000
Net proceeds from disposition of assets | 13,800,000 | 4,500,000
Maturities of short-term investments | 0 | 339,000,000.0
Rowan cash acquired | 0 | 931,900,000
Purchases of short-term investments | 0 | (145,000,000.0)
Net cash provided by (used in) investing activities | (53,300,000) | 995,600,000
FINANCING ACTIVITIES |  |
Borrowings on credit facility | 566,000,000.0 | 0
Repayments of credit facility borrowings | 15,000,000.0 | 0
Reduction of long-term borrowings | 9,700,000 | 0
Debt solicitation fees | 0 | 8,700,000
Cash dividends paid | 0 | 4,500,000
Other | (1,900,000) | (4,700,000)
Net cash provided by (used in) financing activities | 539,400,000 | (17,900,000)
Effect of exchange rate changes on cash and cash equivalents | (200,000) | (300,000)
INCREASE IN CASH AND CASH EQUIVALENTS | 104,800,000 | 684,000,000.0
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 97,200,000 | 275,100,000
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ 202,000,000.0 | $ 959,100,000

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