v3.21.2
Statements Of Unaudited Condensed Consolidated Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income (loss) $ 2,134.0 $ (155.0)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation, depletion and amortization 664.0 184.0
Amortization of inventory step-up 129.0 74.0
Changes in deferred revenue 1.0 (46.0)
Deferred income taxes 557.0 (90.0)
Pension and OPEB credits (59.0) (11.0)
Loss (gain) on extinguishment of debt 88.0 (133.0)
Gain on derivatives 0.0 (19.0)
Other 79.0 47.0
Changes in operating assets and liabilities, net of business combination:    
Receivables and other assets (1,175.0) 260.0
Inventories (793.0) (4.0)
Pension and OPEB payments and contributions (279.0) (31.0)
Payables, accrued expenses and other liabilities 302.0 (127.0)
Net cash provided (used) by operating activities 1,648.0 (51.0)
INVESTING ACTIVITIES    
Purchase of property, plant and equipment (473.0) (379.0)
Other investing activities 5.0 8.0
Net cash used by investing activities (414.0) (1,240.0)
FINANCING ACTIVITIES    
Series B Redeemable Preferred Stock redemption (1,343.0) 0.0
Proceeds from issuance of common shares 322.0 0.0
Proceeds from issuance of debt 1,000.0 1,763.0
Debt issuance costs (17.0) (58.0)
Repayments of debt (1,346.0) (1,000.0)
Borrowings under credit facilities 4,353.0 800.0
Repayments under credit facilities (4,160.0) (400.0)
Repayments of leased liabilities (70.0) (9.0)
Other financing activities 14.0 (54.0)
Net cash provided (used) by financing activities (1,304.0) 994.0
Net decrease in cash and cash equivalents (70.0) (297.0)
Cash and cash equivalents at beginning of period 112.0 353.0
Cash and cash equivalents at end of period 42.0 56.0
SunCoke Middletown    
FINANCING ACTIVITIES    
SunCoke Middletown distributions to noncontrolling interest owners (57.0) (48.0)
AK Steel    
INVESTING ACTIVITIES    
Payments to Acquire Businesses, Net of Cash Acquired 0.0 869.0
ArcelorMittal USA    
INVESTING ACTIVITIES    
Payments to Acquire Businesses, Net of Cash Acquired $ (54.0) $ 0.0

Source