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Consolidated Statements of Cash Flows
12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Net income (loss) $ 181,800,000 $ (226,200,000) $ 136,100,000
Gain on sale of discontinued operations, net of provision for income taxes of $51.9, $—, and $— (131,400,000) 0 0
Income from discontinued operations, net of income taxes (11,100,000) (24,300,000) (13,700,000)
Depreciation and amortization 265,700,000 258,500,000 276,500,000
Stock-based compensation expense 20,700,000 25,400,000 27,800,000
Provision for deferred income taxes 13,100,000 238,500,000 52,600,000
Net gains on lease portfolio sales (54,100,000) (17,300,000) (50,500,000)
Gains on dispositions of property and other assets (20,000,000.0) (5,300,000) (3,900,000)
Gains on insurance recoveries from property damage (7,800,000) 0 0
Pension plan settlement 0 (151,500,000) 0
Impairment of long-lived assets 0 396,400,000 0
Non-cash impact of restructuring activities 0 5,300,000 10,900,000
Non-cash interest expense 13,700,000 13,700,000 16,700,000
Loss on extinguishment of debt 11,700,000 5,000,000 0
Other (3,100,000) 100,000 (4,300,000)
(Increase) decrease in receivables (64,300,000) 61,600,000 11,700,000
(Increase) decrease in income tax receivable 440,400,000 (441,500,000) 25,700,000
(Increase) decrease in inventories (147,700,000) 106,400,000 87,400,000
(Increase) decrease in other assets 11,400,000 146,100,000 (114,500,000)
Increase (decrease) in accounts payable 59,200,000 (50,400,000) (10,400,000)
Increase (decrease) in accrued liabilities 36,500,000 (30,400,000) (78,600,000)
Increase (decrease) in other liabilities 900,000 8,900,000 (4,100,000)
Net cash provided by operating activities – continuing operations 615,600,000 622,000,000.0 365,400,000
Net cash provided by (used in) operating activities – discontinued operations (3,800,000) 29,700,000 28,200,000
Net cash provided by operating activities 611,800,000 651,700,000 393,600,000
Proceeds from dispositions of property and other assets 40,500,000 32,700,000 20,000,000.0
Proceeds from lease portfolio sales 454,300,000 138,700,000 205,700,000
Capital expenditures – leasing, net of sold lease fleet railcars owned one year or less with a net cost of $54.0 and $319.3 for the years ended December 31, 2020 and 2019, respectively (547,200,000) (602,200,000) (1,122,200,000)
Capital expenditures – manufacturing and other (23,600,000) (95,900,000) (88,000,000.0)
Acquisitions, net of cash acquired (16,600,000) 0 0
Proceeds from insurance recoveries 9,500,000 0 0
Payments for (Proceeds from) Other Investing Activities 100,000 0 0
Net cash used in investing activities – continuing operations (83,000,000.0) (526,700,000) (984,500,000)
Net cash provided by (used in) investing activities 276,300,000 (532,900,000) (993,300,000)
Payments to retire debt (2,315,800,000) (1,442,900,000) (1,724,100,000)
Proceeds from issuance of debt 2,444,100,000 1,561,400,000 2,567,800,000
Shares repurchased (833,400,000) (191,300,000) (224,700,000)
Dividends paid to common shareholders (88,500,000) (91,700,000) (82,100,000)
Purchase of shares to satisfy employee tax on vested stock (9,300,000) (9,500,000) (8,200,000)
Contributions from (distributions to) noncontrolling interest 11,200,000 (6,100,000) 2,200,000
Proceeds from (Payments for) Other Financing Activities 0 (100,000) 0
Net cash provided by (used in) financing activities (814,100,000) (168,000,000.0) 526,500,000
Net increase (decrease) in cash, cash equivalents, and restricted cash 74,000,000.0 (49,200,000) (73,200,000)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 302,400,000 228,400,000 277,600,000
Interest paid 178,400,000 205,500,000 208,100,000
Income tax refunds, net of payments 435,700,000 62,500,000 16,700,000
Proceeds from Sale of Discontinued Operations, Net of Cash Divested      
Net cash used in investing activities – discontinued operations 364,700,000 0 0
Other Investing Activities      
Net cash used in investing activities – discontinued operations $ (5,400,000) $ (6,200,000) $ (8,800,000)