XML 18 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 539.9 $ 11.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 167.0 170.8
Deferred income taxes 103.3 4.5
Provision for doubtful accounts 8.3 14.3
Gain on sale of Ohio markets (689.6)  
Gain on sale of assets, net (0.5) (0.4)
Amortization of debt issuance costs and discount 3.6 3.6
Non-cash compensation 11.6 8.3
Other non-cash items (0.2)  
Changes in operating assets and liabilities:    
Receivables and other operating assets (19.0) (23.0)
Payables and accruals 115.1 10.7
Net cash provided by operating activities 239.5 200.1
Cash flows from investing activities:    
Capital expenditures (167.4) (166.3)
Proceeds from sale of Ohio markets, net 1,112.5  
Other investing activities 1.3 (0.6)
Net cash provided by (used in) investing activities 946.4 (166.9)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 37.0 91.0
Payments on long-term debt and finance lease obligations (1,167.8) (111.3)
Purchase of shares (7.9) (1.0)
Net cash used in by financing activities (1,138.7) (21.3)
Increase in cash and cash equivalents 47.2 11.9
Cash and cash equivalents, beginning of period 12.4 21.0
Cash and cash equivalents, end of period 59.6 32.9
Supplemental disclosures of cash flow information:    
Cash paid during the periods for interest 81.9 93.4
Cash paid (received) during the periods for income taxes, net 2.2 (3.4)
Non-cash operating activities    
Operating lease additions 1.0 5.5
Non-cash financing activities:    
Finance lease additions 5.1 13.3
Capital expenditure accounts payable and accruals $ 24.7 $ 13.7