XML 98 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:    
Net loss $ (117.4) $ (26.2)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 190.1 76.4
Change in deferred income taxes 1.9 1.5
Stock-based compensation 13.4 11.5
Non-cash interest expense 8.6 3.4
Earnings from equity investments, net (6.2) (9.6)
Distributed earnings from equity investments 21.2 28.3
Loss on early extinguishment of debt 25.9 0
Gain on sale of equity interest (14.5) 0
Changes in current assets and liabilities, net of effects of acquisitions:    
Accounts and notes receivable 60.9 17.1
Inventories (30.2) 1.1
Accounts payable (48.6) (16.2)
Accrued liabilities (4.1) (15.1)
Other current assets and liabilities 9.2 1.1
Other (3.1) (3.3)
Net cash provided by operating activities 107.1 70.0
Cash flows from investing activities:    
Additions to property and equipment (21.1) (15.0)
Lottery and gaming services expenditures (44.8) (43.1)
Intangible assets and software expenditures (48.8) (22.4)
Proceeds from asset disposals 0 0.9
Change in other assets and liabilities, net (0.2) (0.2)
Additions to equity method investments (40.6) (21.4)
Distributions of capital on equity investments 32.9 16.3
Proceeds from sale of equity interest 44.9 0
Restricted cash (0.9) 1.3
Business acquisitions, net of cash acquired 0 (0.4)
Net cash used in investing activities (78.6) (84.0)
Cash flows from financing activities:    
Proceeds from the issuance of long-term debt 347.9 2.6
Payments on long-term debt (364.7) (11.7)
Payments of financing fees (22.8) (2.0)
Common stock repurchases (29.5) 0
Contingent earnout payments (3.2) 0
Net redemptions of common stock under stock-based compensation plans (19.2) (2.8)
Net cash used in financing activities (91.5) (13.9)
Effect of exchange rate changes on cash and cash equivalents (1.5) (3.0)
Decrease in cash and cash equivalents (64.5) (30.9)
Cash and cash equivalents, beginning of period 153.7 109.0
Cash and cash equivalents, end of period $ 89.2 $ 78.1