XML 27 R8.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Consolidated net loss $ (427.1) $ (104.9) $ (449.8)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:      
Foreign currency losses 0.2 6.8 2.6
Non-cash interest expense 1.2 1.3 1.8
Employee stock compensation 17.2 20.0 18.8
Depreciation and amortization of properties 29.1 50.2 30.5
Depreciation and amortization of outsourcing assets 50.3 64.5 68.0
Amortization of marketable software 49.7 58.7 71.9
Amortization of intangible assets 9.7 10.1 3.0
Other non-cash operating activities (0.2) 0.3 (0.6)
Loss on disposal of capital assets 6.0 6.6 2.2
Postretirement contributions (48.0) (43.7) (56.4)
Postretirement expense 388.5 45.3 552.0
Deferred income taxes, net 24.5 (8.3) (59.2)
Changes in operating assets and liabilities, excluding the effect of acquisitions:      
Receivables, net and contract assets 4.2 15.5 47.4
Inventories 0.0 (8.0) 6.0
Other assets (25.5) (2.6) 8.0
Accounts payable and current liabilities (20.9) (103.8) (149.4)
Other liabilities 15.3 4.7 35.7
Net cash provided by operating activities 74.2 12.7 132.5
Cash flows from investing activities      
Proceeds from investments 2,751.6 3,336.1 4,148.2
Purchases of investments (2,740.4) (3,380.4) (4,168.1)
Capital additions of properties (21.3) (31.0) (27.3)
Capital additions of outsourcing assets (11.4) (8.6) (18.5)
Investment in marketable software (46.0) (46.3) (54.4)
Purchases of businesses, net of cash acquired (1.2) (0.3) (239.3)
Other (0.9) (0.9) (0.9)
Net cash used for investing activities (69.6) (131.4) (360.3)
Cash flows from financing activities      
Payments of long-term debt (16.9) (17.8) (103.1)
Proceeds from issuance of long-term debt 0.0 0.0 1.5
Proceeds from exercise of stock options 0.0 0.0 4.5
Other (0.4) (3.8) (8.4)
Net cash used for financing activities (17.3) (21.6) (105.5)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 6.7 (17.6) (12.8)
Decrease in cash, cash equivalents and restricted cash (6.0) (157.9) (346.1)
Cash, cash equivalents and restricted cash, beginning of year 402.7 560.6 906.7
Cash, cash equivalents and restricted cash, end of year $ 396.7 $ 402.7 $ 560.6