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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 359.7 $ 438.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 121.8 78.7
Distributions from unconsolidated affiliates 126.6 117.9
Equity in income of unconsolidated affiliates (110.4) (115.4)
Stock-based compensation 24.8 23.5
Deferred income taxes 45.3 26.7
Asset impairments 24.5 4.9
Amortization of operating lease assets 4.8 3.9
Gain on sale of assets (114.0) (274.6)
Other 6.5 5.8
Changes in operating assets and liabilities:    
Income taxes 6.0 127.3
Deferred revenue (10.8) (34.6)
Other assets and liabilities 14.0 22.0
Net cash provided by operating activities 498.8 424.5
Cash flows from investing activities:    
Capital maintenance expenditures (52.4) (37.1)
Capital project expenditures (445.7) (226.6)
Acquisition of businesses, net of cash acquired (241.3) (81.7)
Acquisition of gaming rights, net of cash acquired 0.0 (33.3)
Proceeds from sale of assets 195.7 279.0
Other (5.8) (7.3)
Net cash used in investing activities (549.5) (107.0)
Cash flows from financing activities:    
Proceeds from borrowings under long-term debt obligations 1,420.8 1,220.0
Repayments of borrowings under long-term debt obligations (1,297.1) (5.3)
Payment of dividends (26.8) (25.7)
Repurchase of common stock (35.8) (143.5)
Taxes paid related to net share settlement of stock awards (13.2) (13.2)
Debt issuance costs (12.3) (12.8)
Change in bank overdraft 1.4 (1.8)
Other 1.7 2.4
Net cash provided by financing activities 38.7 1,020.1
Cash flows from discontinued operations:    
Operating activities of discontinued operations 0.5 0.0
Net (decrease) increase in cash, cash equivalents and restricted cash (11.5) 1,337.6
Cash, cash equivalents and restricted cash, beginning of period 204.7 355.6
Cash, cash equivalents and restricted cash, end of period 193.2 1,693.2
Supplemental disclosures of cash flow information:    
Cash paid for interest 180.5 66.4
Cash paid for income taxes 78.9 53.9
Cash received from income tax refunds 0.8 34.2
Schedule of non-cash operating, investing and financing activities:    
Deferred payment on gaming rights incurred during the period 0.0 50.0
Property and equipment additions included in accounts payable and accrued expenses 52.0 45.0
Deferred payments for acquisition of business included in other liabilities 6.9 0.0
Right-of-use assets obtained in exchange for lease obligations in finance leases $ 33.4 $ 6.2