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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 162.3 $ 30.1
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (0.2) (1.1)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 66.9 67.5
Stock-based compensation expense 7.3 5.5
Provision for deferred income taxes 225.2 9.7
Net gains on railcar lease fleet sales owned more than one year at the time of sale (8.7) (7.9)
Gains on dispositions of property and other assets (4.7) (2.1)
Impairment of Long-Lived Assets to be Disposed of 5.2 0.0
Non-cash interest expense 3.7 3.6
Gain (Loss) on Extinguishment of Debt 5.0 0.0
Other 2.0 0.0
Changes in operating assets and liabilities:    
(Increase) decrease in receivables (37.8) (93.4)
Increase (Decrease) in Income Taxes Receivable (374.4) 24.3
(Increase) decrease in inventories (8.6) (93.7)
(Increase) decrease in other assets 159.4 4.3
Increase (decrease) in accounts payable 3.3 (14.8)
Increase (decrease) in accrued liabilities (30.8) (52.8)
Increase (decrease) in other liabilities (1.7) (6.2)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 173.8 (124.8)
Cash Provided by (Used in) Operating Activities, Discontinued Operations (0.2) (1.1)
Net Cash Provided by (Used in) Operating Activities 173.6 (125.9)
Investing activities:    
Proceeds from dispositions of property and other assets 9.8 7.3
Proceeds from railcar lease fleet sales owned more than one year at the time of sale 68.5 29.4
Payments to Acquire Leasing Assets Net of Sold Railcars Owned One Year or Less 129.2 465.0
Capital expenditures – manufacturing and other (14.0) (11.5)
Other 0.3 1.3
Net cash provided (required) by investing activities (64.6) (438.5)
Financing activities:    
Payments to retire debt (471.4) (214.8)
Proceeds from issuance of debt 452.4 649.7
Shares repurchased (35.4) (15.0)
Dividends paid to common shareholders (22.7) (17.3)
Purchase of shares to satisfy employee tax on vested stock 0.0 (0.5)
Distributions to noncontrolling interest 0.0 (0.4)
Net cash provided (required) by financing activities (77.1) 401.7
Net increase (decrease) in cash, cash equivalents, and restricted cash 31.9 (162.7)
Cash, cash equivalents, and restricted cash at beginning of period 277.6 350.8
Cash, cash equivalents, and restricted cash at end of period $ 309.5 $ 188.1