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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Consolidated net income $ 3.6 $ 54.7
Adjustments to reconcile consolidated net income to net cash used for operating activities:    
Foreign currency transaction losses 7.2 1.1
Non-cash interest expense 7.5 7.8
Loss on debt exchange 20.2 0.0
Employee stock compensation 10.1 10.0
Depreciation and amortization of properties 26.7 31.2
Depreciation and amortization of outsourcing assets 47.3 48.7
Amortization of marketable software 35.0 42.8
Other non-cash operating activities (0.8) (2.6)
Loss on disposal of capital assets 1.3 0.6
Gain on sale of properties 0.0 (7.3)
Postretirement contributions (82.3) (124.5)
Postretirement expense 71.5 58.2
Decrease in deferred income taxes, net 1.0 9.3
Changes in operating assets and liabilities:    
Receivables, net (17.4) (69.3)
Inventories (1.7) (1.3)
Accounts payable and other accrued liabilities (173.4) (144.1)
Other liabilities 33.1 (1.5)
Other assets 9.3 8.8
Net cash used for operating activities (1.8) (77.4)
Cash flows from investing activities    
Proceeds from investments 2,824.9 2,889.3
Purchases of investments (2,835.8) (2,892.4)
Investment in marketable software (56.2) (61.7)
Capital additions of properties (29.1) (25.0)
Capital additions of outsourcing assets (44.4) (54.4)
Net proceeds from sale of properties (0.2) 19.2
Other (0.9) (0.9)
Net cash used for investing activities (141.7) (125.9)
Cash flows from financing activities    
Cash paid in connection with debt exchange (56.3) 0.0
Proceeds from capped call transactions 7.2 0.0
Proceeds from issuance of long-term debt 28.6 0.0
Payments of long-term debt (12.2) (2.0)
Financing fees 0.0 (0.2)
Other (4.6) (2.2)
Net cash used for financing activities (37.3) (4.4)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (10.0) (22.5)
Decrease in cash, cash equivalents and restricted cash (190.8) (230.2)
Cash, cash equivalents and restricted cash, beginning of period 624.1 764.1
Cash, cash equivalents and restricted cash, end of period $ 433.3 $ 533.9