| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||||
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||
254,326 | 556,778 | 141,096 | 225,037 | 261,006 | 271,296 | 52,433 | 119,484 | 81,260 | 61,473 | 72,474 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||
Income from equity investment in RailAmerica, net | ||||||||||
- | - | - | - | - | - | 15,557 | 0 | 0 | - | - |
Depreciation and amortization | ||||||||||
263,216 | 250,457 | 205,188 | 188,535 | 157,081 | 141,644 | 73,405 | 66,481 | 51,166 | 48,110 | 40,507 |
Loss from discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | 2,591 | 1,398 | -501 |
Stock-based compensation | ||||||||||
17,652 | 17,554 | 17,976 | 14,649 | 12,858 | 16,951 | 12,151 | 7,776 | 7,174 | 6,031 | 5,734 |
Excess tax benefit from share-based compensation | ||||||||||
- | - | - | - | 6,221 | 6,861 | 5,335 | 2,820 | 1,975 | 1,234 | 1,829 |
Deferred income taxes | ||||||||||
23,373 | -319,249 | 33,442 | 40,477 | 70,131 | 10,229 | 29,926 | 26,291 | 12,009 | 7,558 | 12,205 |
Net gain on sale of assets | ||||||||||
- | - | - | - | - | 4,677 | 11,225 | 5,660 | - | -3,953 | - |
Loss on settlement of foreign currency forward purchase contracts | ||||||||||
- | - | - | 18,686 | 0 | 0 | - | - | - | - | - |
Stamp duty | ||||||||||
- | - | - | - | - | - | - | - | 12,625 | 0 | - |
Gain on sale of investments | ||||||||||
- | - | - | - | - | - | - | 907 | 0 | 391 | - |
Gain on insurance recoveries | ||||||||||
- | - | - | - | - | - | 5,760 | 1,061 | 0 | 3,143 | 399 |
Insurance proceeds received | ||||||||||
- | - | - | - | 5,527 | 11,053 | 21,479 | 646 | 0 | 2,175 | - |
Gain (Loss) on Sale of Assets and Asset Impairment Charges | ||||||||||
3,246 | -4,254 | -32,484 | 2,291 | 5,100 | - | - | - | 6,441 | -3,953 | 7,708 |
Contingent forward sale contract mark-to-market expense | ||||||||||
- | - | - | - | - | - | 50,106 | 0 | 0 | - | - |
Changes in assets and liabilities which provided/(used) cash: | ||||||||||
Accounts receivable, net | ||||||||||
35,902 | 12,969 | 15,952 | -28,905 | 39,107 | 47,780 | 6,133 | 12,307 | 18,402 | -16,082 | -11,541 |
Materials and supplies | ||||||||||
2,193 | -2,474 | -750 | 4,073 | -2,600 | 1,839 | 567 | 1,206 | 205 | 170 | 812 |
Prepaid expenses and other | ||||||||||
10,113 | -23,973 | -836 | -7,462 | -17,451 | -3,304 | -487 | -3,543 | 762 | 622 | -6,597 |
Accounts payable and accrued expenses | ||||||||||
37,431 | -35,341 | -20,468 | -39,881 | 14,703 | 16,383 | -30,051 | -25,556 | 36,243 | -10,940 | -18,089 |
Other assets and liabilities, net | ||||||||||
-8,549 | 8,725 | -11,715 | 882 | -535 | -3,801 | -5,320 | 1,235 | -1,651 | 550 | -8,024 |
Net cash provided by operating activities from continuing operations | ||||||||||
- | - | - | - | - | - | - | - | 171,752 | 126,934 | 128,746 |
Net cash used in operating activities from discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | -933 | -746 | -3,484 |
Net cash provided by operating activities | ||||||||||
553,093 | 479,206 | 407,067 | 476,624 | 491,464 | 413,504 | 170,679 | 173,469 | 172,685 | 126,188 | 125,262 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||||
Purchases of property and equipment | ||||||||||
284,102 | 228,472 | 219,544 | 371,504 | 331,499 | 249,318 | 231,694 | 178,668 | 119,840 | 88,865 | 97,853 |
Grant proceeds from outside parties | ||||||||||
20,527 | 20,249 | 36,094 | 41,742 | 27,980 | 33,913 | 39,632 | 22,642 | 40,802 | 24,575 | -28,551 |
Proceeds from sale of business | ||||||||||
7,927 | 0 | 0 | - | - | - | - | - | - | - | - |
Net payment from settlement of foreign currency forward purchase contracts related to an acquisition | ||||||||||
- | - | - | 18,686 | 0 | 0 | - | - | - | - | - |
Proceeds from sale of investment | ||||||||||
1,386 | 2,100 | 0 | 0 | - | - | - | 1,369 | 208 | 3,778 | - |
Contingent consideration held in escrow | ||||||||||
- | - | - | - | - | - | - | - | - | - | -7,500 |
Insurance proceeds for replacement of assets | ||||||||||
3,008 | 1,590 | 15,201 | 10,394 | 8,029 | 0 | 370 | 0 | 0 | 3,996 | 419 |
Proceeds from disposition of property and equipment | ||||||||||
9,479 | 5,225 | 2,691 | 4,018 | 7,096 | 6,687 | 15,298 | 9,464 | 9,991 | 8,313 | 8,081 |
Net cash paid for acquisitions, net of cash acquired | ||||||||||
0 | 107,586 | 969,476 | 740,237 | 221,451 | 0 | 1,925,296 | 89,935 | 320,023 | 5,780 | 345,477 |
Contributions to joint ventures | ||||||||||
13,671 | 0 | 0 | - | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||
-255,446 | -306,894 | -1,135,034 | -1,074,273 | -509,845 | -208,718 | -2,101,690 | -235,128 | -387,031 | -52,209 | -413,329 |
Net cash provided by investing activities from discontinued operations | ||||||||||
- | - | - | - | - | - | - | - | 1,831 | 1,774 | 450 |
Net cash used in investing activities from continuing operations | ||||||||||
- | - | - | - | - | - | - | - | -388,862 | -53,983 | -413,779 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||||
Principal payments on revolving line-of-credit, long-term debt and finance lease obligations | ||||||||||
849,827 | 661,561 | 1,104,222 | 675,430 | 538,035 | 471,957 | 1,013,166 | 533,544 | 82,296 | 214,153 | 193,051 |
Proceeds from revolving line-of-credit and long-term debt | ||||||||||
1,055,695 | 523,672 | 1,074,516 | 1,261,640 | 543,300 | 262,651 | 2,192,916 | 581,394 | 205,446 | 98,000 | 468,076 |
Stock issuance costs | ||||||||||
- | - | - | 0 | 0 | - | - | - | - | - | - |
Debt amendment/issuance costs | ||||||||||
5,762 | 0 | 17,731 | 9,622 | 3,880 | 2,773 | 38,839 | 4,742 | 2,514 | 0 | 4,340 |
Cash paid for change in ownership of noncontrolling interest | ||||||||||
- | - | - | - | - | - | - | - | - | -4,360 | 0 |
Excess tax benefits from share-based compensation | ||||||||||
- | - | - | - | 6,221 | 6,861 | 5,335 | 2,820 | 1,975 | 1,234 | 1,829 |
Common share repurchases | ||||||||||
460,092 | 0 | 0 | 3,261 | 4,186 | 11,095 | 4,314 | 1,326 | 850 | 434 | 2,355 |
Distribution to noncontrolling interest | ||||||||||
31,800 | 0 | 0 | - | - | - | - | - | - | - | - |
Installment payments on Freightliner deferred consideration | ||||||||||
6,255 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from noncontrolling interest | ||||||||||
0 | 0 | 476,828 | 0 | 0 | - | - | - | - | - | - |
Proceeds from Class A Common Stock issuance | ||||||||||
0 | 0 | 286,500 | 0 | 0 | - | 234,340 | 0 | 0 | 106,614 | - |
Net proceeds from TEU issuance | ||||||||||
- | - | - | - | - | - | 222,856 | 0 | 0 | - | - |
Net proceeds from Series A-1 Preferred Stock issuance | ||||||||||
- | - | - | - | - | - | 349,418 | 0 | 0 | - | - |
Dividends paid on Series A-1 Preferred Stock | ||||||||||
- | - | - | - | - | 2,139 | 4,375 | 0 | 0 | - | - |
Other financing related activities, net | ||||||||||
5,580 | 6,980 | 4,033 | 6,829 | 11,819 | 12,510 | 19,320 | 17,433 | 18,205 | 5,765 | 9,314 |
Net cash used in financing activities | ||||||||||
-284,244 | -130,909 | 719,924 | 580,156 | 15,239 | -205,942 | 1,963,491 | 62,035 | - | - | - |
Net cash (used in)/provided by financing activities from continuing operations | ||||||||||
- | - | - | - | - | - | - | - | 139,966 | -7,334 | 279,473 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | ||||||||||
-3,488 | 6,750 | 4,421 | -6,293 | -7 | -740 | 5,023 | -524 | -4,009 | 6,831 | -5,973 |
CHANGE IN CASH BALANCES INCLUDED IN CURRENT ASSETS OF DISCONTINUED OPERATIONS | ||||||||||
- | - | - | - | - | - | - | - | 99 | 538 | -424 |
DECREASE IN CASH AND CASH EQUIVALENTS | ||||||||||
9,915 | 48,153 | -3,622 | -23,786 | -3,149 | -1,896 | 37,503 | -148 | -78,290 | 74,014 | -14,991 |