XML 34 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Sep. 30, 2013
Sep. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 102.2 $ 94.8
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 64.8 61.4
Deferred income taxes 30.9 5.0
Provision for bad debts 3.0 1.2
Provision for pension and other post-employment benefits 4.5 4.2
Share-based compensation 14.2 35.0
Other 2.5 0.9
Change in operating assets and liabilities, net of effects from purchase of acquired companies:    
Trade receivables (156.0) (245.1)
Inventories (45.2) (82.4)
Prepaid expenses and other assets 21.6 10.1
Accounts payable 40.3 (0.4)
Accrued expenses and other liabilities 21.9 52.3
Tax accruals (3.5) 38.3
Net cash provided by (used in) operating activities 101.2 (24.7)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (65.6) (60.0)
Payments for business combinations, net of cash acquired (25.0) (8.0)
Net cash used in investing activities (90.6) (68.0)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from short-term debt, original maturity more than three months 5.2 8.8
Repayments of short-term debt, original maturity more than three months (13.3) (8.8)
Net proceeds from (repayments of) short-term debt, original maturity less than three months 4.2 (5.7)
Proceeds from revolving loan facilities 175.0 233.5
Repayments of revolving loan facilities (175.0) (152.0)
Repayments of term loans   (31.3)
Net proceeds from issuance of Common Stock 1.6 0.6
Payments for repurchase of Common Stock (0.2)  
Net (payments) proceeds from foreign currency contracts (0.2) 0.8
Payment for business combinations – contingent consideration (1.1)  
Proceeds from mandatorily redeemable noncontrolling interests 2.2  
Proceeds from noncontrolling interests   1.7
Distributions to noncontrolling interests (3.6) (8.5)
Distributions to redeemable noncontrolling interests (4.0) (4.0)
Payment of deferred financing fees (0.5)  
Net cash (used in) provided by financing activities (9.7) 35.1
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 25.5 16.6
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 26.4 (41.0)
CASH AND CASH EQUIVALENTS—Beginning of period 920.4 609.4
CASH AND CASH EQUIVALENTS—End of period 946.8 568.4
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:    
Cash paid during the year for interest 9.5 11.3
Cash paid during the year for income taxes 17.7 10.4
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING AND INVESTING ACTIVITIES:    
Accrued capital expenditure additions $ 35.7 $ 12.7