XML 20 R7.htm IDEA: XBRL DOCUMENT v3.25.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities    
Net income $ 38.0 $ 45.0
Loss from discontinued operations, net of income taxes 0.3 0.7
Income from continuing operations before incomes taxes 38.3 45.7
Adjustments to reconcile income from continuing operations, net of income taxes to net cash provided by operating activities:    
Depreciation, depletion and amortization 92.1 79.8
Noncash interest expense 1.6 1.3
Deferred income taxes (3.9) 8.5
Noncash share-based compensation 2.7 2.0
Net gain on disposals (5.2) (2.1)
Loss from equity affiliates 6.7 3.7
Unrealized (gains) losses on foreign currency option contracts (4.3) 5.7
Changes in current assets and liabilities:    
Accounts receivable 84.5 46.8
Inventories (24.6) (52.6)
Other current assets 37.4 13.6
Accounts payable and accrued expenses (89.7) (169.5)
Collateral arrangements (0.4) 151.3
Asset retirement obligations 1.3 0.4
Postretirement benefit obligations (11.4) (15.4)
Pension obligations (4.9) 0.0
Other, net 0.3 1.1
Net cash provided by continuing operations 120.5 120.3
Net cash used in discontinued operations (0.6) (1.3)
Net cash provided by operating activities 119.9 119.0
Cash Flows From Investing Activities    
Additions to property, plant, equipment and mine development (70.4) (61.4)
Changes in accrued expenses related to capital expenditures (38.6) (6.8)
Proceeds from disposal of assets, net of receivables 7.2 2.4
Contributions to joint ventures (138.3) (202.8)
Distributions from joint ventures 150.8 193.2
Other, net (0.3) 0.2
Net cash used in investing activities (89.6) (75.2)
Cash Flows From Financing Activities    
Repayments of long-term debt (2.8) (2.2)
Payment of debt issuance and other deferred financing costs (1.7) (10.8)
Common stock repurchases 0.0 (83.1)
Repurchase of employee common stock relinquished for tax withholding (0.8) (3.4)
Dividends paid (9.1) (9.7)
Distributions to noncontrolling interests (14.7) (18.5)
Net cash used in financing activities (29.1) (127.7)
Net change in cash, cash equivalents and restricted cash 1.2 (83.9)
Cash, cash equivalents and restricted cash at beginning of period (1) 1,382.6 1,650.2
Cash, cash equivalents and restricted cash at end of period (2) 1,383.8 $ 1,566.3
Cash and cash equivalents 696.5  
Restricted Cash $ 687.3