XML 18 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES        
Net income $ 150.8 $ (27.3) $ 176.3 $ 21.3
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation expense 29.7 24.5 56.5 47.8
Accretion of Discount on the Notes Receivable     (27.6) (14.0)
Deferred income tax expense 13.5 2.5 15.5 7.1
Share-Based Payment Arrangement, Noncash Expense     15.4 12.7
Income (Loss) from Equity Method Investments (0.3) (0.7) 2.1 2.6
(Gain) loss on asset disposals     0.1 (27.9)
Loss on extinguishment of debt 0.0 29.2 0.0 29.2
Changes in contract liabilities     (24.8) (7.5)
Changes in deferred costs     (0.8) (6.9)
Other     4.2 2.5
Changes in other operating assets and liabilities     (168.8) 63.5
Contributions to pension plans and other post-retirement benefits     (6.1) (2.6)
Net cash provided by operating activities     37.8 122.6
INVESTING ACTIVITIES        
Additions to property and equipment     (261.5) (127.3)
Net proceeds from disposition of assets     0.1 29.1
Net cash used in investing activities     (261.4) (98.2)
FINANCING ACTIVITIES        
Payments for share repurchases     (1.4) (64.4)
Issuance of Second Lien Notes     0.0 700.0
Redemption of First Lien Notes     0.0 (571.8)
Debt issuance costs     0.0 (31.0)
Other     (0.4) (0.4)
Net cash provided by (used in) financing activities     (1.8) 32.4
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH     (225.4) 56.8
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD     635.7 748.5
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD $ 410.3 $ 805.3 $ 410.3 $ 805.3