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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities:    
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ (125.5) $ 66.9
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (0.2) (1.9)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 134.6 138.1
Stock-based compensation expense 14.9 13.0
Provision for deferred income taxes 233.1 22.8
Net gains on railcar lease fleet sales owned more than one year at the time of sale (14.4) (26.6)
Gains on dispositions of property and other assets (5.3) (2.7)
Impairment of Long-Lived Assets to be Disposed of 5.2 0.0
Asset Impairment Charges 369.4 0.0
Non-cash interest expense 4.5 7.2
Gain (Loss) on Extinguishment of Debt 5.0 0.0
Other (5.4) (0.8)
Changes in operating assets and liabilities:    
(Increase) decrease in receivables 33.1 (75.1)
Increase (Decrease) in Income Taxes Receivable (448.3) 19.4
(Increase) decrease in inventories 11.9 (75.8)
(Increase) decrease in other assets 169.7 (33.0)
Increase (decrease) in accounts payable (15.7) 5.6
Increase (decrease) in accrued liabilities (37.7) (51.7)
Increase (decrease) in other liabilities (1.5) (5.2)
Net Cash Provided by (Used in) Operating Activities, Continuing Operations 327.8 4.0
Cash Provided by (Used in) Operating Activities, Discontinued Operations (0.2) (1.1)
Net Cash Provided by (Used in) Operating Activities 327.6 2.9
Investing activities:    
Proceeds from dispositions of property and other assets 14.2 14.3
Proceeds from railcar lease fleet sales owned more than one year at the time of sale 132.2 99.9
Payments to Acquire Leasing Assets Net of Sold Railcars Owned One Year or Less 259.5 690.9
Payments to Acquire Leasing Assets Net of Sold Railcars Owned One Year or Less Net Cost 54.0 91.8
Capital expenditures – manufacturing and other (41.5) (34.0)
Other 0.0 (1.2)
Net Cash Provided by (Used in) Investing Activities (154.6) (611.9)
Financing activities:    
Payments to retire debt (618.3) (1,044.9)
Proceeds from issuance of debt 552.4 1,626.9
Shares repurchased (35.4) (59.0)
Dividends paid to common shareholders (46.4) (39.5)
Purchase of shares to satisfy employee tax on vested stock (9.0) (7.9)
Distributions to noncontrolling interest 0.0 (0.9)
Net Cash Provided by (Used in) Financing Activities (156.7) 474.7
Net increase (decrease) in cash, cash equivalents, and restricted cash 16.3 (134.3)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 277.6 350.8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance $ 293.9 $ 216.5