v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 381.4 $ 285.3
Loss from discontinued operations, net of tax 1.4 2.5
Adjustments to reconcile net income to net cash provided by operating activities—    
Depreciation and amortization 159.1 143.2
Stock-based compensation 23.8 22.9
Deferred tax expense 5.3 4.2
Other, net 1.1 14.2
Change in assets and liabilities, net of acquisitions—    
Accounts receivable (15.7) 0.9
Other assets (16.5) (48.4)
Accounts payable (2.5) 1.8
Other liabilities 23.3 32.3
Net cash used in operating activities of discontinued operations (1.9) (2.7)
Total adjustments 176.0 168.4
Net cash provided by operating activities 558.8 456.2
Cash flows from investing activities:    
Purchases of property, equipment, and intangible assets (320.0) (296.3)
Proceeds from sale of restricted investments 132.0 17.0
Purchases of restricted investments (127.8) (8.2)
Other, net (8.1) (0.6)
Net cash used in investing activities (323.9) (288.1)
Cash flows from financing activities:    
Principal payments on debt, including pre-payments (10.7) (2.4)
Borrowings on revolving credit facility 60.0 50.0
Payments on revolving credit facility (80.0) (50.0)
Principal payments under finance lease obligations (11.6) (10.7)
Repurchases of common stock, including fees and expenses (56.8) (16.8)
Dividends paid on common stock (35.1) (30.8)
Distributions paid to noncontrolling interests of consolidated affiliates (73.3) (52.5)
Taxes paid on behalf of employees for shares withheld (19.9) (12.1)
Contributions from noncontrolling interests of consolidated affiliates 0.0 33.3
Other, net 6.8 1.8
Net cash used in financing activities (220.6) (90.2)
Increase in cash, cash equivalents, and restricted cash 14.3 77.9
Cash, cash equivalents, and restricted cash at beginning of period 123.1 104.2
Cash, cash equivalents, and restricted cash at end of period 137.4 182.1
Reconciliation of Cash, Cash Equivalents, and Restricted Cash    
Cash and cash equivalents at beginning of period 85.4 69.1
Restricted cash at beginning of period 37.7 35.1
Cash, cash equivalents, and restricted cash at beginning of period 123.1 104.2
Cash and cash equivalents at end of period 99.1 154.4
Restricted cash at end of period 38.3 27.7
Cash, cash equivalents, and restricted cash at end of period 137.4 182.1
Supplemental schedule of noncash operating, investing, and financing activities:    
Operating lease additions and adjustments 26.5 24.9
Joint venture contributions $ 19.5 $ 11.8