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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Operating activities:    
Net income $ 78.8 $ 52.3
Adjustments to reconcile net income to net cash provided by operating activities:    
(Income) loss from discontinued operations (6.6) 0.1
Depreciation and amortization 50.0 47.6
Stock-based compensation expense 8.9 6.8
Excess tax benefits from stock-based compensation (0.6) (0.3)
Provision for deferred income taxes 36.0 26.0
Net gains on sales of railcars owned more than one year at the time of sale (6.8) (3.7)
Gains (losses) on disposition of property, plant, equipment, and other assets 0.1 (3.7)
Non-cash interest expense 8.1 7.3
Other (2.4) (2.4)
Changes in assets and liabilities:    
(Increase) decrease in receivables (22.9) 19.2
(Increase) decrease in inventories (43.6) (46.4)
(Increase) decrease in other assets (2.9) (5.6)
Increase (decrease) in accounts payable 10.9 13.6
Increase (decrease) in accrued liabilities (8.2) (33.2)
Increase (decrease) in other liabilities 6.1 (5.8)
Net cash provided by operating activities - continuing operations 104.9 71.8
Net cash required by operating activities - discontinued operations (3.1) (0.8)
Net cash provided by operating activities 101.8 71.0
Investing activities:    
(Increase) decrease in short-term marketable securities (59.9) 0
Proceeds from sales of railcars owned more than one year at the time of sale 30.6 26.5
Proceeds from disposition of property, plant, equipment, and other assets 0.6 12.7
Capital expenditures – leasing, net of sold railcars owned one year or less (166.8) (100.0)
Capital expenditures – manufacturing and other (25.8) (14.0)
Acquisitions, net of cash acquired (9.1) 0
Other (0.8) 0
Net cash required by investing activities - continuing operations (231.2) (74.8)
Net cash required by investing activities - discontinued operations (0.4) (2.2)
Net cash required by investing activities (231.6) (77.0)
Financing activities:    
Proceeds from issuance of common stock, net 1.4 0.7
Excess tax benefits from stock-based compensation 0.6 0.3
Payments to retire debt (83.5) (52.4)
(Increase) decrease in restricted cash 7.9 16.3
Dividends paid to common shareholders (8.7) (7.2)
Other (0.1) 0
Net cash required by financing activities - continuing operations (82.4) (42.3)
Net cash provided (required) by financing activities - discontinued operations (0.3) 2.0
Net cash required by financing activities (82.7) (40.3)
Net decrease in cash and cash equivalents (212.5) (46.3)
Cash and cash equivalents at beginning of period 573.0 351.1
Cash and cash equivalents at end of period $ 360.5 [1] $ 304.8
[1] (unaudited)