XML 19 R5.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Operating activities:      
Net income $ 1.9 $ 1.3  
(Income) loss from discontinued operations, net of income taxes (6.9) 6.3  
Loss on sale of discontinued operations, net of benefit for income taxes of $0.4 and $— 1.1 0.0  
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]      
Depreciation and amortization 66.9 64.6  
Stock-based compensation expense 5.1 5.1  
Provision (benefit) for deferred income taxes 1.2 (0.7)  
Net gains on lease portfolio sales, excluding sales-type leases (10.5) (1.7)  
Gains on dispositions of property and other assets (8.4) (10.5)  
Gains on insurance recoveries from property damage (6.4) 0.0  
Non-cash interest expense 3.3 3.0  
Other 0.5 5.4  
Changes in operating assets and liabilities:      
(Increase) decrease in receivables 37.5 12.1  
(Increase) decrease in income tax receivable 0.7 1.2  
(Increase) decrease in inventories (75.5) 8.7  
(Increase) decrease in other assets (4.8) 6.4  
Increase (decrease) in accounts payable 26.6 (3.5)  
Increase (decrease) in accrued liabilities (18.3) (11.3)  
Increase (decrease) in other liabilities 0.7 (4.5)  
Net cash provided by operating activities – continuing operations 28.5 69.3  
Net cash provided by (used in) operating activities – discontinued operations (8.0) 0.4  
Net cash provided by operating activities 20.5 69.7  
Investing activities:      
Proceeds from dispositions of property and other assets 15.6 19.8  
Lease portfolio sales 71.1 17.3  
Capital expenditures – leasing 84.6 107.9  
Capital expenditures – manufacturing and other (2.3) (7.4)  
Acquisitions, net of cash acquired 0.0 (16.6)  
Other 0.0 (0.1)  
Net Cash Provided by (Used in) Investing Activities, Continuing Operations (0.2) (94.9)  
Cash Provided by (Used in) Investing Activities, Discontinued Operations 0.0 (1.1)  
Net cash used in investing activities (0.2) (96.0)  
Financing activities:      
Payments to retire debt (73.0) (185.3)  
Proceeds from issuance of debt 127.2 327.7  
Shares repurchased 0.0 (35.7)  
Dividends paid to common shareholders (19.1) (23.2)  
Purchase of shares to satisfy employee tax on vested stock (0.2) (0.1)  
Distributions to noncontrolling interest (6.2) 0.0  
Net cash provided by financing activities 28.7 83.4  
Net increase in cash, cash equivalents, and restricted cash 49.0 57.1  
Cash, cash equivalents, and restricted cash at beginning of period 302.4 228.4 $ 228.4
Cash, cash equivalents, and restricted cash at end of period $ 351.4 $ 285.5 $ 302.4