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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities:    
Net income $ 23.3 $ 30.8
Adjustments to reconcile net income to net cash flow provided by operating activities:    
Depreciation and amortization 113.7 97.1
Deferred tax benefit (0.9) (12.9)
Stock-based compensation 8.0 4.7
Provision for doubtful accounts 1.8 1.6
Accretion expense 1.2 1.1
Net (gain) loss on dispositions 0.6 (0.9)
Equity in earnings of investee companies, net of tax (1.9) (0.8)
Distributions from investee companies 2.4 3.2
Amortization of deferred financing costs and debt discount and premium 2.9 1.9
Change in assets and liabilities, net of investing and financing activities (77.0) (50.8)
Net cash flow provided by (used for) operating activities 74.1 75.0
Investing Activities:    
Capital expenditures (27.7) (29.3)
Acquisitions (10.2) 0.0
Net proceeds from dispositions 8.8 0.5
Net cash flow provided by (used for) investing activities (29.1) (28.8)
Financing Activities:    
Proceeds from IPO 0.0 615.0
Proceeds from long-term debt borrowings - term loan and senior notes 0.0 1,598.0
Proceeds from long-term debt borrowings - new senior notes 103.8 0.0
Proceeds from borrowings under revolving credit facility 105.0 0.0
Repayments of borrowings under revolving credit facility (105.0) 0.0
Deferred financing costs (3.3) (24.4)
Distribution of debt and IPO proceeds to CBS 0.0 (2,038.8)
Net cash contribution from CBS 0.0 42.2
Proceeds from stock option exercises 2.0 0.0
Taxes withheld for stock-based compensation (3.8) 0.0
Dividends (102.0) (44.4)
Other (0.6) 0.0
Net cash flow provided by (used for) financing activities (3.9) 147.6
Effect of exchange rate changes on cash and cash equivalents (1.2) (0.2)
Net increase in cash and cash equivalents 39.9 193.6
Cash and cash equivalents at beginning of period 28.5 29.8
Cash and cash equivalents at end of period 68.4 223.4
Supplemental disclosure of cash flow Information:    
Cash paid for income taxes 1.9 28.3
Cash paid for interest 52.0 19.0
Non-cash investing and financing activities:    
Accrued purchases of property and equipment 2.5 2.6
Issuance of stock for purchase of property and equipment 9.8 0.0
Taxes withheld for stock-based compensation $ 2.6 $ 0.0