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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net income $ 254.2 $ 166.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, depletion, and amortization of intangibles 109.7 100.8
Amortization of deferred financing costs 0.5 0.7
Share-based compensation expense 12.3 11.6
Deferred income tax provision 22.9 12.0
Loss on asset disposals 2.8 3.7
Pension and post-retirement benefits expense, net of contributions 0.8 (0.2)
Other, net 3.8 3.7
Increase in assets -    
Accounts receivable (69.6) (76.2)
Inventories (38.8) (11.7)
Prepaid expenses and other current assets (30.1) (19.0)
Increase (decrease) in liabilities -    
Accounts payable 63.6 (12.3)
Accrued liabilities (52.4) (15.8)
Federal and state income taxes payable / receivable 45.6 27.8
Net cash provided by operating activities 325.3 191.6
Cash Flows from Investing Activities:    
Additions to property, plant, and equipment (213.2) (85.1)
Additions to other long term assets (2.4) (1.3)
Proceeds from asset disposals 0.2 0.7
Purchases of marketable debt securities (36.4) (31.4)
Proceeds from sales of marketable debt securities 7.8 11.4
Proceeds from maturities of marketable debt securities 22.8 18.2
Net cash used for investing activities (221.2) (87.5)
Cash Flows from Financing Activities:    
Repayments of debt and finance lease obligations (0.4) (0.4)
Common stock dividends paid (93.6) (94.8)
Shares withheld to cover employee restricted stock taxes (0.2) (0.1)
Net cash used for financing activities (94.2) (95.3)
Net increase in cash and cash equivalents 9.9 8.8
Cash and cash equivalents, beginning of period 618.7 974.6
Cash and cash equivalents, end of period $ 628.6 $ 983.4