XML 94 R81.htm IDEA: XBRL DOCUMENT v3.5.0.2
Financial Statements for Guarantors of the Senior Notes (Details 3) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating activities:        
Net income $ 98.8 $ 220.8 $ 200.9 $ 409.8
Equity in earnings of subsidiaries, net of taxes 0.0 0.0 0.0 0.0
Other     285.5 (127.8)
Net cash provided (required) by operating activities     486.4 282.0
Investing activities:        
(Increase) decrease in short-term marketable securities     (115.1) 75.0
Proceeds from dispositions of property and other assets     4.1 4.8
Proceeds from railcar lease fleet sales owned more than one year     37.7 167.4
Capital expenditures – leasing     (346.0) (419.4)
Capital expenditures – manufacturing and other     (79.8) (100.7)
Acquisitions, net of cash acquired     0.0 (46.2)
(Increase) decrease in investment in partially-owned subsidiaries     0.0 0.0
Divestitures     0.0 51.3
Other     2.3 5.2
Net cash provided (required) by investing activities     (496.8) (262.6)
Financing activities:        
Proceeds from issuance of common stock, net     0.0 0.2
Excess tax benefits from stock-based compensation     0.6 12.8
Payments to retire debt     (77.6) (471.0)
Proceeds from issuance of debt     0.0 242.4
(Increase) decrease in restricted cash     12.5 46.8
Shares repurchased     (34.7) (75.0)
Dividends paid to common shareholders     (33.4) (31.1)
Purchase of shares to satisfy employee tax on vested stock     (16.1) (27.2)
Distributions to noncontrolling interest     (10.9) (19.9)
Distributions to controlling interest in partially-owned subsidiaries     0.0 0.0
Change in intercompany financing between entities     0.0 0.0
Other     (2.0) (1.5)
Net cash provided (required) by financing activities     (161.6) (323.5)
Net decrease in cash and cash equivalents     (172.0) (304.1)
Cash and cash equivalents at beginning of period     786.0 887.9
Cash and cash equivalents at end of period 614.0 [1] 583.8 614.0 [1] 583.8
Reportable legal entities | Parent        
Operating activities:        
Net income 94.6 212.0 191.8 392.2
Equity in earnings of subsidiaries, net of taxes (106.0) (246.3) (228.1) (443.2)
Other     48.8 (22.8)
Net cash provided (required) by operating activities     12.5 (73.8)
Investing activities:        
(Increase) decrease in short-term marketable securities     (115.1) 75.0
Proceeds from dispositions of property and other assets     0.0 0.0
Proceeds from railcar lease fleet sales owned more than one year     0.0 0.0
Capital expenditures – leasing     0.0 0.0
Capital expenditures – manufacturing and other     (8.5) (4.0)
Acquisitions, net of cash acquired     0.0 0.0
(Increase) decrease in investment in partially-owned subsidiaries     0.0 0.0
Divestitures     0.0 0.0
Other     0.0 0.0
Net cash provided (required) by investing activities     (123.6) 71.0
Financing activities:        
Proceeds from issuance of common stock, net     0.0 0.2
Excess tax benefits from stock-based compensation     0.6 12.8
Payments to retire debt     0.0 0.0
Proceeds from issuance of debt     0.0 (1.5)
(Increase) decrease in restricted cash     0.0 0.0
Shares repurchased     (34.7) (75.0)
Dividends paid to common shareholders     (33.4) (31.1)
Purchase of shares to satisfy employee tax on vested stock     (16.1) (27.2)
Distributions to noncontrolling interest     0.0 0.0
Distributions to controlling interest in partially-owned subsidiaries     0.0 0.0
Change in intercompany financing between entities     19.0 (178.2)
Other     0.0 0.0
Net cash provided (required) by financing activities     (64.6) (300.0)
Net decrease in cash and cash equivalents     (175.7) (302.8)
Cash and cash equivalents at beginning of period     768.3 827.7
Cash and cash equivalents at end of period 592.6 524.9 592.6 524.9
Reportable legal entities | Combined Guarantor Subsidiaries        
Operating activities:        
Net income 80.3 205.2 167.8 376.0
Equity in earnings of subsidiaries, net of taxes (16.0) (66.8) (42.6) (124.6)
Other     201.3 (134.6)
Net cash provided (required) by operating activities     326.5 116.8
Investing activities:        
(Increase) decrease in short-term marketable securities     0.0 0.0
Proceeds from dispositions of property and other assets     0.2 1.9
Proceeds from railcar lease fleet sales owned more than one year     27.3 60.6
Capital expenditures – leasing     (343.7) (422.4)
Capital expenditures – manufacturing and other     (5.5) (22.3)
Acquisitions, net of cash acquired     0.0 0.0
(Increase) decrease in investment in partially-owned subsidiaries     6.7 12.8
Divestitures     0.0 0.0
Other     0.6 1.3
Net cash provided (required) by investing activities     (314.4) (368.1)
Financing activities:        
Proceeds from issuance of common stock, net     0.0 0.0
Excess tax benefits from stock-based compensation     0.0 0.0
Payments to retire debt     (1.7) (1.6)
Proceeds from issuance of debt     0.0 0.0
(Increase) decrease in restricted cash     (3.0) 0.0
Shares repurchased     0.0 0.0
Dividends paid to common shareholders     0.0 0.0
Purchase of shares to satisfy employee tax on vested stock     0.0 0.0
Distributions to noncontrolling interest     0.0 0.0
Distributions to controlling interest in partially-owned subsidiaries     0.0 0.0
Change in intercompany financing between entities     (7.8) 243.4
Other     0.0 0.0
Net cash provided (required) by financing activities     (12.5) 241.8
Net decrease in cash and cash equivalents     (0.4) (9.5)
Cash and cash equivalents at beginning of period     1.7 11.1
Cash and cash equivalents at end of period 1.3 1.6 1.3 1.6
Reportable legal entities | Combined Non-Guarantor Subsidiaries        
Operating activities:        
Net income 42.9 112.1 105.8 203.0
Equity in earnings of subsidiaries, net of taxes 0.0 0.0 0.0 0.0
Other     47.8 48.3
Net cash provided (required) by operating activities     153.6 251.3
Investing activities:        
(Increase) decrease in short-term marketable securities     0.0 0.0
Proceeds from dispositions of property and other assets     3.9 2.9
Proceeds from railcar lease fleet sales owned more than one year     10.4 150.0
Capital expenditures – leasing     (2.3) (40.2)
Capital expenditures – manufacturing and other     (65.8) (74.4)
Acquisitions, net of cash acquired     0.0 (46.2)
(Increase) decrease in investment in partially-owned subsidiaries     0.0 0.0
Divestitures     0.0 51.3
Other     1.7 3.9
Net cash provided (required) by investing activities     (52.1) 47.3
Financing activities:        
Proceeds from issuance of common stock, net     0.0 0.0
Excess tax benefits from stock-based compensation     0.0 0.0
Payments to retire debt     (75.9) (469.4)
Proceeds from issuance of debt     0.0 243.9
(Increase) decrease in restricted cash     6.3 45.5
Shares repurchased     0.0 0.0
Dividends paid to common shareholders     0.0 0.0
Purchase of shares to satisfy employee tax on vested stock     0.0 0.0
Distributions to noncontrolling interest     (10.9) (19.9)
Distributions to controlling interest in partially-owned subsidiaries     (6.7) (12.8)
Change in intercompany financing between entities     (17.4) (77.5)
Other     (2.0) (1.5)
Net cash provided (required) by financing activities     (106.6) (291.7)
Net decrease in cash and cash equivalents     (5.1) 6.9
Cash and cash equivalents at beginning of period     51.1 89.4
Cash and cash equivalents at end of period 46.0 96.3 46.0 96.3
Eliminations        
Operating activities:        
Net income (119.0) (308.5) (264.5) (561.4)
Equity in earnings of subsidiaries, net of taxes 122.0 313.1 270.7 567.8
Other     (12.4) (18.7)
Net cash provided (required) by operating activities     (6.2) (12.3)
Investing activities:        
(Increase) decrease in short-term marketable securities     0.0 0.0
Proceeds from dispositions of property and other assets     0.0 0.0
Proceeds from railcar lease fleet sales owned more than one year     0.0 (43.2)
Capital expenditures – leasing     0.0 43.2
Capital expenditures – manufacturing and other     0.0 0.0
Acquisitions, net of cash acquired     0.0 0.0
(Increase) decrease in investment in partially-owned subsidiaries     (6.7) (12.8)
Divestitures     0.0 0.0
Other     0.0 0.0
Net cash provided (required) by investing activities     (6.7) (12.8)
Financing activities:        
Proceeds from issuance of common stock, net     0.0 0.0
Excess tax benefits from stock-based compensation     0.0 0.0
Payments to retire debt     0.0 0.0
Proceeds from issuance of debt     0.0 0.0
(Increase) decrease in restricted cash     9.2 1.3
Shares repurchased     0.0 0.0
Dividends paid to common shareholders     0.0 0.0
Purchase of shares to satisfy employee tax on vested stock     0.0 0.0
Distributions to noncontrolling interest     0.0 0.0
Distributions to controlling interest in partially-owned subsidiaries     6.7 12.8
Change in intercompany financing between entities     6.2 12.3
Other     0.0 0.0
Net cash provided (required) by financing activities     22.1 26.4
Net decrease in cash and cash equivalents     9.2 1.3
Cash and cash equivalents at beginning of period     (35.1) (40.3)
Cash and cash equivalents at end of period $ (25.9) $ (39.0) $ (25.9) $ (39.0)
[1] (unaudited)