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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Consolidated net income (loss) $ (13.3) $ 78.9 $ (66.6)
Adjustments to reconcile consolidated net income (loss) to net cash provided by operating activities:      
Foreign currency transaction losses 11.0 7.4 21.7
Non-cash interest expense 9.2 10.5 9.5
Loss on debt exchange / extinguishment 20.1 0.0 1.5
Employee stock compensation 13.2 13.2 11.2
Depreciation and amortization of properties 35.3 40.4 39.7
Depreciation and amortization of outsourcing assets 63.8 66.8 53.7
Amortization of marketable software 48.3 56.9 63.1
Other non-cash operating activities (1.6) (4.8) 3.2
Loss on disposal of capital assets 1.5 0.8 5.0
Gain on sale of properties 0.0 (7.3) 0.0
Postretirement contributions (109.4) (138.7) (150.6)
Postretirement expense 96.6 84.1 98.1
Decrease in deferred income taxes, net 4.4 8.2 3.4
Changes in operating assets and liabilities:      
Receivables, net (8.3) (50.5) 5.9
Inventories 6.1 (5.5) 4.1
Other assets 9.9 (23.9) (27.5)
Accounts payable and other accrued liabilities (114.4) (62.2) 48.6
Other liabilities 51.5 (0.4) 42.4
Net cash provided by operating activities 123.9 73.9 166.4
Cash flows from investing activities      
Proceeds from investments 3,568.9 3,708.0 4,717.2
Purchases of investments (3,566.1) (3,722.0) (4,692.4)
Capital additions of properties (38.0) (35.6) (25.8)
Capital additions of outsourcing assets (48.8) (73.0) (86.3)
Investment in marketable software (73.0) (80.7) (64.4)
Net proceeds from sale of properties (0.3) 19.2 0.0
Other (0.9) (0.9) (0.8)
Net cash used for investing activities (158.2) (185.0) (152.5)
Cash flows from financing activities      
Cash paid in connection with debt exchange (56.7) 0.0 0.0
Proceeds from capped call transactions 7.2 0.0 0.0
Payments of long-term debt (14.4) (2.3) (107.5)
Financing fees 0.0 (0.2) (1.1)
Proceeds from issuance of long-term debt 30.5 0.0 452.9
Issuance costs relating to long-term debt 0.0 0.0 (12.1)
Other (4.6) (2.3) (2.3)
Net cash (used for) provided by financing activities (38.0) (4.8) 329.9
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.0 (24.1) 19.2
(Decrease) increase in cash, cash equivalents and restricted cash (72.3) (140.0) 363.0
Cash, cash equivalents and restricted cash, beginning of year 624.1 764.1 401.1
Cash, cash equivalents and restricted cash, end of year $ 551.8 $ 624.1 $ 764.1