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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income $ 13.7 $ 1.9
Loss from discontinued operations, net of benefit for income taxes of $0.8 and $2.0 (3.1) (6.9)
Loss on sale of discontinued operations, net of benefit for income taxes of $— and $0.4 0.0 (1.1)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Depreciation and amortization 74.0 66.9
Stock-based compensation expense 6.2 5.1
Provision (benefit) for deferred income taxes (12.4) 1.2
Net gains on lease portfolio sales, excluding sales-type leases (13.5) (10.5)
Gains on dispositions of property and other assets (1.0) (8.4)
Gains on insurance recoveries from property damage (1.2) (6.4)
Non-cash interest expense 2.6 3.3
Other (1.9) 0.5
Changes in operating assets and liabilities:    
(Increase) decrease in receivables 2.8 38.2
(Increase) decrease in inventories (3.3) (75.5)
(Increase) decrease in other assets 7.3 (4.8)
Increase (decrease) in accounts payable 11.6 26.6
Increase (decrease) in accrued liabilities 14.7 (18.3)
Increase (decrease) in other liabilities (0.2) 0.7
Net cash provided by operating activities – continuing operations 102.5 28.5
Net cash used in operating activities – discontinued operations (3.1) (8.0)
Net cash provided by operating activities 99.4 20.5
Investing activities:    
Proceeds from dispositions of property and other assets 4.9 15.6
Lease portfolio sales 56.7 71.1
Capital expenditures – leasing 191.5 84.6
Capital expenditures – manufacturing and other (7.1) (2.3)
Acquisitions, net of cash acquired (66.2) 0.0
Proceeds from insurance recoveries 1.2 0.0
Other 1.1 0.0
Net cash used in investing activities (203.1) (0.2)
Financing activities:    
Payments to retire debt (149.6) (73.0)
Proceeds from issuance of debt 246.3 127.2
Dividends paid to common shareholders (21.1) (19.1)
Purchase of shares to satisfy employee tax on vested stock (0.3) (0.2)
Distributions to noncontrolling interest (2.9) (6.2)
Net cash provided by financing activities 72.4 28.7
Net increase (decrease) in cash, cash equivalents, and restricted cash (31.3) 49.0
Cash, cash equivalents, and restricted cash at beginning of period 294.3 302.4
Cash, cash equivalents, and restricted cash at end of period $ 263.0 $ 351.4