XML 14 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities:    
Net income $ 18.1 $ 25.0
Reconciling adjustments:    
Depreciation and amortization 23.8 16.8
Deferred income taxes 3.0 4.5
Share-based compensation expense 2.8 2.8
Equity in income of related party Terminal Joint Venture (2.6) (3.4)
Other (1.6) 3.3
Changes in assets and liabilities:    
Accounts receivable 3.9 (4.2)
Deferred dry-docking payments (13.2) (5.1)
Deferred dry-docking amortization 8.1 5.5
Prepaid expenses and other assets 6.4 0.7
Accounts payable and accrued liabilities (9.9) 7.4
Other liabilities (19.0) (7.0)
Net cash provided by operating activities 19.8 46.3
Cash Flows From Investing Activities:    
Capital expenditures (30.6) (3.3)
Proceeds from disposal of property and equipment 0.5 0.3
Cash deposits into Capital Construction Fund (12.5) (2.2)
Withdrawals from Capital Construction Fund   2.2
Net cash used in investing activities (42.6) (3.0)
Cash Flows From Financing Activities:    
Excess tax benefit from stock-based compensation 0.1  
Repayments of debt and capital leases (2.7) (2.4)
Proceeds from revolving credit facility 97.0  
Repayments of revolving credit facility (43.0)  
Proceeds from issuance of capital stock 0.8 1.9
Tax withholding related to net share settlements of restricted stock units (6.1) (2.9)
Dividends paid (7.9) (7.5)
Payments for shares repurchased (20.8)  
Net cash provided by (used in) financing activities 17.4 (10.9)
Net (Decrease) Increase in Cash and Cash Equivalents (5.4) 32.4
Cash and cash equivalents, beginning of the period 25.5 293.4
Cash and cash equivalents, end of the period 20.1 325.8
Supplemental Cash Flow Information:    
Interest paid 4.2 3.9
Income tax (refund) paid (0.1) 4.2
Non-cash Information:    
Capital expenditures included in accounts payable and accrued liabilities $ 2.1 $ 1.0