XML 22 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net income $ 461,000,000.0 $ 696,400,000 $ 738,000,000.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, and amortization of intangibles 409,900,000 387,500,000 410,900,000
Amortization of deferred financing costs 2,600,000 23,400,000 8,600,000
Loss on early extinguishment of debt   22,200,000  
Share-based compensation expense 30,000,000.0 30,400,000 23,500,000
Deferred income tax provision 34,700,000 60,300,000 38,700,000
Goodwill impairment 55,200,000    
Net loss on impairment of assets     3,100,000
Net loss on asset disposals 6,800,000 8,200,000 5,800,000
Pension and post-retirement benefits expense, net of contributions (63,400,000) (26,900,000) 3,100,000
Other, net 18,200,000 (3,400,000) 1,300,000
Decrease (increase) in assets —      
Accounts receivable 13,200,000 56,400,000 (56,100,000)
Inventories 6,300,000 1,400,000 (35,600,000)
Prepaid expenses and other current assets 400,000 (6,900,000) (2,100,000)
Increase (decrease) in liabilities —      
Accounts payable 39,700,000 (32,400,000) (17,600,000)
Accrued liabilities (3,200,000) (100,000) 5,500,000
Federal and state income tax payable / receivable 21,400,000 (9,100,000) 53,000,000.0
Net cash provided by operating activities 1,032,800,000 1,207,400,000 1,180,100,000
Cash Flows from Investing Activities:      
Additions to property, plant, and equipment [1] (421,200,000) (399,500,000) (551,400,000)
Acquisitions of businesses, net of cash acquired     (56,300,000)
Additions to other long-term assets (6,400,000) (3,800,000) (4,500,000)
Proceeds from asset disposals 4,600,000 4,100,000 1,500,000
Purchases of marketable debt securities (110,100,000) (157,000,000.0)  
Proceeds from sales of marketable debt securities 24,200,000 10,900,000  
Proceeds from maturities of marketable debt securities 82,800,000    
Other, net   (1,300,000) 2,500,000
Net cash used for investing activities (426,100,000) (546,600,000) (608,200,000)
Cash Flows from Financing Activities:      
Proceeds from issuance of debt   895,800,000  
Repayments of debt and finance lease obligations (1,500,000) (923,400,000) (151,300,000)
Financing costs paid   (8,300,000)  
Common stock dividends paid (299,600,000) (298,700,000) (268,100,000)
Shares withheld to cover employee restricted stock taxes (10,500,000) (8,200,000) (7,900,000)
Net cash used for financing activities (311,600,000) (342,800,000) (427,300,000)
Net increase in cash and cash equivalents 295,100,000 318,000,000.0 144,600,000
Cash and cash equivalents, beginning of year 679,500,000 361,500,000 216,900,000
Cash and cash equivalents, end of year $ 974,600,000 $ 679,500,000 $ 361,500,000
[1] Includes “Additions to property, plant, and equipment” and excludes cash used for “Acquisitions of businesses, net of cash acquired” as reported on our Consolidated Statements of Cash Flows.