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v3.20.4

Consolidated Statements Of Cash Flows - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
OPERATING ACTIVITIES |  |  |
Net loss | $ (4,857.6) | $ (192.2) | $ (636.6)
Adjustments to reconcile net loss to net cash used in operating activities of continuing operations: |  |  |
Debtor in Possession financing fees and payments on Backstop Agreement | 40.0 | 0.0 | 0.0
Asset Impairment Charges | 3,646.2 | 104.0 | 40.3
Depreciation expense | 540.8 | 609.7 | 478.9
Reorganization items (non-cash) | 436.4 | 0.0 | 0.0
Deferred income tax expense | (105.7) | 23.9 | 56.6
(Gain on) adjustment to bargain purchase | (6.3) | 637.0 | 1.8
Amortization of Debt Discount (Premium) | 36.8 | 31.5 | (7.2)
Share-based compensation expense | 21.4 | 37.3 | 29.9
Equity in losses of ARO | 7.8 | 12.6 | 0.0
Amortization, Net | 6.2 | (16.8) | (40.2)
(Gain) loss on debt extinguishment | (3.1) | (194.1) | 19.0
Other | 6.9 | 9.9 | 26.2
Changes in operating assets and liabilities, net of acquisition | (22.0) | (52.5) | (20.8)
Contributions to pension plans and other post-retirement benefits | (12.1) | (13.2) | 0.0
Net Cash Provided by (Used in) Operating Activities, Total | (251.7) | (276.9) | (55.7)
INVESTING ACTIVITIES |  |  |
Additions to property and equipment | (93.8) | (227.0) | (426.7)
Net proceeds from disposition of assets | 51.8 | 17.7 | 11.0
Acquisition of Rowan, net of cash acquired | 0.0 | 931.9 | 0.0
Maturities of short-term investments | 0.0 | 474.0 | 1,030.0
Purchases of short-term investments | 0.0 | (145.0) | (919.0)
Net Cash Provided by (Used in) Investing Activities, Total | (42.0) | 1,051.6 | (304.7)
FINANCING ACTIVITIES |  |  |
Borrowings on credit facility | 596.0 | 215.0 | 0.0
Payments for Debtor-in-possession financing fees and backstop agreement | (40.0) | 0.0 | 0.0
Repayments of credit facility borrowings | (15.0) | (215.0) | 0.0
Reduction of long-term borrowings | (9.7) | (928.1) | (771.2)
Payments to Noncontrolling Interests | (7.2) | 0.0 | 0.0
Payments of Financing Costs | 0.0 | 9.5 | 0.0
Cash dividends paid | 0.0 | (4.5) | (17.9)
Proceeds from issuance of senior notes | 0.0 | 0.0 | 1,000.0
Debt issuance costs | 0.0 | 0.0 | (17.0)
Other | (1.9) | (10.2) | (5.7)
Net cash provided by (used in) financing activities | 522.2 | (952.3) | 188.2
Net cash provided by discontinued operations | 0.0 | 0.0 | 2.5
Effect of exchange rate changes on cash and cash equivalents | 0.1 | (0.3) | (0.6)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | 228.6 | (177.9) | (170.3)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR | 97.2 | 275.1 | 445.4
CASH AND CASH EQUIVALENTS, END OF YEAR | $ 325.8 | $ 97.2 | $ 275.1

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- Definition The cash inflow from sales, maturities, prepayments, calls and collections of all investments, including securities and other assets, having ready marketability and intended by management to be liquidated, if necessary, within the current operating cycle. Includes cash flows from securities classified as trading securities that were acquired for reasons other than sale in the short-term. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3179-108585 + Details
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