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Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Operating activities:    
Net income $ 167.0 $ 119.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from discontinued operations (5.6) (1.3)
Depreciation and amortization 102.4 95.8
Stock-based compensation expense 18.8 12.2
Excess tax benefits from stock-based compensation (7.8) (1.2)
Provision for deferred income taxes 30.7 62.2
Net gains on sales of railcars owned more than one year at the time of sale (8.0) (5.3)
Gains (losses) on disposition of property, plant, equipment, and other assets 0.3 (4.4)
Non-cash interest expense 16.2 14.8
Other (5.7) (6.0)
Changes in assets and liabilities:    
(Increase) decrease in receivables 3.0 50.0
(Increase) decrease in inventories (55.3) (100.4)
(Increase) decrease in other assets (11.1) (30.8)
Increase (decrease) in accounts payable 0 25.2
Increase (decrease) in accrued liabilities 16.8 (28.9)
Increase (decrease) in other liabilities 4.7 (9.3)
Net cash provided by operating activities - continuing operations 266.4 192.4
Net cash provided by operating activities - discontinued operations 7.2 6.1
Net cash provided by operating activities 273.6 198.5
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 39.1 34.1
Proceeds from lease fleet sales - sale and leaseback 0 7.2
Proceeds from disposition of property, plant, equipment, and other assets 0.1 13.0
Capital expenditures – leasing, net of sold railcars owned one year or less (308.5) (172.5)
Capital expenditures – manufacturing and other (57.4) (34.0)
Acquisitions, net of cash acquired (37.2) 0
Other (0.6) 0
Net cash required by investing activities - continuing operations (424.4) (152.2)
Net cash required by investing activities - discontinued operations (0.5) (2.5)
Net cash required by investing activities (424.9) (154.7)
Financing activities:    
Proceeds from issuance of common stock, net 1.6 1.4
Excess tax benefits from stock-based compensation 7.8 1.2
Payments to retire debt (177.4) (86.0)
Proceeds from issuance of debt 0 13.9
(Increase) decrease in restricted cash (3.8) 21.4
Shares repurchased (40.2) (35.2)
Dividends paid to common shareholders (17.4) (14.5)
Proceeds from sale of interests in partially-owned leasing subsidiaries 294.9 0
Repurchase of noncontrolling interests in partially-owned leasing subsidiary (84.0) 0
Other (14.6) (4.6)
Net cash required by financing activities - continuing operations (33.1) (102.4)
Net cash provided (required) by financing activities - discontinued operations (0.6) 1.6
Net cash required by financing activities (33.7) (100.8)
Net decrease in cash and cash equivalents (185.0) (57.0)
Cash and cash equivalents at beginning of period 573.0 351.1
Cash and cash equivalents at end of period $ 388.0 [1] $ 294.1
[1] (unaudited)