XML 20 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net income $ 45.0 $ 282.8
Loss from discontinued operations, net of income taxes 0.7 1.3
Income from continuing operations, net of income taxes 45.7 284.1
Adjustments to reconcile income from continuing operations, net of income taxes to net cash provided by operating activities:    
Depreciation, depletion and amortization 79.8 76.3
Noncash interest expense, net 1.3 1.6
Deferred income taxes 8.5 46.0
Noncash share-based compensation 2.0 1.7
Asset impairment 0.0 2.0
Net gain on disposals (2.1) (1.9)
Noncash income from port and rail capacity assignment 0.0 (9.2)
Net loss on early debt extinguishment 0.0 6.8
Loss (income) from equity affiliates 3.7 (1.8)
Foreign currency option contracts 5.7 2.2
Changes in current assets and liabilities:    
Accounts receivable 46.8 70.8
Inventories (52.6) (35.4)
Other current assets 13.6 43.5
Accounts payable and accrued expenses (169.5) (39.6)
Collateral arrangements 151.3 (45.9)
Asset retirement obligations 0.4 2.5
Workers’ compensation obligations (0.1) (0.9)
Postretirement benefit obligations (15.4) (14.4)
Pension obligations 0.0 0.4
Other, net 1.2 0.6
Net cash provided by continuing operations 120.3 389.4
Net cash used in discontinued operations (1.3) (3.1)
Net cash provided by operating activities 119.0 386.3
Cash Flows From Investing Activities    
Additions to property, plant, equipment and mine development (61.4) (55.7)
Changes in accrued expenses related to capital expenditures (6.8) (1.6)
Proceeds from disposal of assets, net of receivables 2.4 2.9
Contributions to joint ventures (202.8) (206.2)
Distributions from joint ventures 193.2 202.0
Other, net 0.2 0.1
Net cash used in investing activities (75.2) (58.5)
Cash Flows From Financing Activities    
Repayments of long-term debt (2.2) (2.7)
Payment of debt issuance and other deferred financing costs (10.8) (0.3)
Common stock repurchases (83.1) 0.0
Repurchase of employee common stock relinquished for tax withholding (3.4) (13.2)
Dividends paid (9.7) 0.0
Distributions to noncontrolling interests (18.5) (22.8)
Net cash used in financing activities (127.7) (39.0)
Net change in cash, cash equivalents and restricted cash (83.9) 288.8
Cash, cash equivalents and restricted cash at beginning of period (1) 1,650.2 1,417.6
Cash, cash equivalents and restricted cash at end of period (2) 1,566.3 $ 1,706.4
Cash and cash equivalents 855.7  
Restricted Cash $ 710.6