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Annual report pursuant to Section 13 and 15(d)

Statements Of Condensed Consolidated Cash Flows

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Statements Of Condensed Consolidated Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES Ìý Ìý Ìý
Net income $ 292.8 $ 1,128.1 $ 363.1
Adjustments to reconcile net income to net cash provided by operating activities: Ìý Ìý Ìý
Depreciation, depletion and amortization 85.1 89.0 87.7
Deferred income taxes 16.8 (460.5) 0.0
Loss on extinguishment of debt 18.2 6.8 165.4
Loss (gain) on derivatives 46.8 (110.2) (4.1)
Gain on foreign currency translation 0.0 (228.1) 0.0
Other 65.4 20.7 45.5
Changes in operating assets and liabilities: Ìý Ìý Ìý
Receivables and other assets 254.5 51.7 (246.3)
Inventories (136.3) 43.5 (4.2)
Payables, accrued expenses and other liabilities (80.8) (62.5) (69.0)
Net cash provided by operating activities 562.5 478.5 338.1
INVESTING ACTIVITIES Ìý Ìý Ìý
Purchase of property, plant and equipment (639.0) (208.6) (134.9)
Deposits for property, plant and equipment (17.0) (87.5) (16.8)
Other investing activities 11.6 23.0 (4.3)
Net cash used by investing activities (644.4) (273.1) (156.0)
Payments for Repurchase of Common Stock 252.9 47.5 0.0
FINANCING ACTIVITIES Ìý Ìý Ìý
Dividends paid (72.1) 0.0 0.0
Net proceeds from issuance of common shares 0.0 0.0 661.3
Proceeds from issuance of debt 720.9 0.0 1,771.5
Debt issuance costs (6.8) (1.5) (28.6)
Repurchase of debt (729.3) (234.5) (1,720.7)
Acquisition of noncontrolling interest 0.0 0.0 (105.0)
Distributions of partnership equity (44.2) (44.2) (52.9)
Other financing activities (9.7) (47.5) (26.7)
Net cash provided (used) by financing activities (394.1) (375.2) 498.9
Effect of exchange rate changes on cash 0.0 (2.3) 3.3
Increase (decrease) in cash and cash equivalents, including cash classified within other current assets related to discontinued operations (476.0) (172.1) 684.3
Less: increase (decrease) in cash and cash equivalents from discontinued operations, classified within other current assets (5.4) (17.0) 18.8
Net increase (decrease) in cash and cash equivalents (470.6) (155.1) 665.5
Cash and cash equivalents at beginning of year 823.2 978.3 312.8
Cash and cash equivalents at end of year $ 352.6 $ 823.2 $ 978.3