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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating Activities    
Net income $ 105.7 $ 102.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44.4 49.7
Amortization of debt discount and deferred financing costs 4.5 7.4
Stock-based compensation 10.6 13.2
Retirement benefits, net 10.2 18.9
Loss on debt 10.5 0.0
Other, net (0.9) 0.2
Changes in assets and liabilities:    
Accounts receivable (9.6) (69.9)
Contract assets (39.1) (49.2)
Other current assets 15.3 7.3
Recoverable environmental remediation costs (1.8) 6.0
Other noncurrent assets 16.9 6.9
Accounts payable (2.8) (33.6)
Contract liabilities (65.0) 81.1
Other current liabilities 2.9 (12.0)
Deferred income taxes 0.0 4.2
Reserves for environmental remediation costs 2.7 (5.1)
Other noncurrent liabilities and other (9.1) 11.2
Net Cash Provided by Operating Activities 95.4 138.6
Investing Activities    
Purchases of marketable securities (1.9) (26.5)
Sales of marketable securities 0.0 25.0
Capital expenditures (17.3) (31.0)
Net Cash Used in Investing Activities (19.2) (32.5)
Financing Activities    
Dividend payments (428.5) 0.0
Debt repayments (175.5) (14.7)
Repurchase of shares for withholding taxes and option costs under equity plans (4.5) (8.8)
Proceeds from shares issued under equity plans 7.7 7.1
Purchase of treasury stock 0.0 (12.3)
Net Cash Used in Financing Activities (600.8) (28.7)
Net (Decrease) Increase in Cash, Cash Equivalents and Restricted Cash (524.6) 77.4
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 1,152.5 935.6
Cash, Cash Equivalents and Restricted Cash at End of Period 627.9 1,013.0
Supplemental disclosures of cash flow information    
Cash paid for interest 9.8 13.5
Cash paid for income taxes, net of refunds $ 19.5 $ 35.5