v3.26.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING ACTIVITIES    
Net income $ 29.0 $ 75.0
Adjustments to reconcile net income to net cash provided by operating activities:    
    Depreciation expense 87.3 68.6
Deferred income tax expense 20.7 173.3
Equity in earnings of ARO (17.4) (1.5)
    Share-based compensation expense 15.6 11.6
Accretion of discount on Notes Receivable from ARO (12.2) (12.3)
Accounts Receivable, Allowance for Credit Loss, Recovery 11.4 0.1
Other operating (income) loss (2.8) 7.8
Changes in deferred costs (30.2) 4.3
Changes in contract assets (7.5) (0.3)
Changes in contract liabilities 6.9 (33.4)
Other 1.9 4.5
Changes in operating assets and liabilities 51.7 14.6
Contributions to pension plans and other post-retirement benefits (7.4) (8.3)
Net cash provided by operating activities 88.1 275.9
INVESTING ACTIVITIES    
Additions to property and equipment (206.4) (167.4)
Proceeds from disposition of assets 60.3 27.6
Net cash used in investing activities (146.1) (139.8)
FINANCING ACTIVITIES    
Other (1.5) (0.4)
Net cash used in financing activities (1.5) (0.4)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (59.5) 135.7
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 617.5 380.5
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 558.0 516.2
Gain (Loss) on Disposition of Property Plant Equipment $ (36.1) $ (27.9)