XML 18 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities:    
Net income (loss) $ (63.3) $ 4.3
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Depreciation and amortization 33.3 35.7
Lease amortization and accretion expense 36.9 43.1
Lease payments (37.7) (38.1)
Paid-in-kind interest 2.3 0.0
Debt-related amortization 5.7 3.3
Equity-based compensation and employee benefits expense 5.1 5.6
(Gains) losses on property disposals, net 1.0 (39.3)
Deferred income tax benefit, net (1.0) (0.4)
Other noncash items, net 0.7 0.7
Changes in assets and liabilities, net:    
Accounts receivable (74.9) (61.0)
Accounts payable 36.1 14.9
Other operating assets (4.0) (3.9)
Other operating liabilities 21.0 19.5
Net cash provided by (used in) operating activities (38.8) (15.6)
Investing Activities:    
Acquisition of property and equipment (202.4) (12.4)
Proceeds from disposal of property and equipment 0.4 45.0
Net cash provided by (used in) investing activities (202.0) 32.6
Financing Activities:    
Issuance of long-term debt, net 176.5 0.0
Repayment of long-term debt (0.5) (20.1)
Debt issuance costs (0.1) 0.0
Payments for tax withheld on equity-based compensation (0.3) (0.2)
Net cash provided by (used in) financing activities 175.6 (20.3)
Net Increase (Decrease) In Cash and Cash Equivalents and Restricted Amounts Held in Escrow (65.2) (3.3)
Cash and Cash Equivalents and Restricted Amounts Held in Escrow, Beginning of Period 478.0 109.2
Cash and Cash Equivalents and Restricted Amounts Held in Escrow, End of Period 412.8 105.9
Supplemental Cash Flow Information:    
Interest paid $ (27.3) $ (8.6)