XML 56 R7.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 176.6 $ 374.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation expense 147.1 180.2
Depreciation, amortization, and accretion 155.5 159.2
Operating lease assets expense 32.0  
Loss on extinguishment of debt 15.3 0.0
Other 3.6 3.5
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 125.2 200.9
Prepaid expenses and other assets (33.8) 43.9
Accounts payable 19.1 (27.6)
Accrued compensation (45.4) (4.2)
Income taxes payable (8.7) (244.0)
Other accrued liabilities (49.5) (14.5)
Deferred revenue (103.8) (23.4)
Net cash provided by operating activities 433.2 648.7
Cash flows from investing activities:    
Purchases of property and equipment (83.5) (110.9)
Purchases of available-for-sale debt securities (2,789.6) (608.1)
Proceeds from sales of available-for-sale debt securities 1,035.0 1,012.2
Proceeds from maturities and redemptions of available-for-sale debt securities 1,410.1 446.6
Purchases of equity securities (10.2) (8.1)
Proceeds from sales of equity securities 5.0 29.8
Payments for business acquisitions, net of cash and cash equivalents acquired (270.9) 0.0
Subsequent payments related to acquisitions in prior years 0.0 (31.5)
Net cash (used in) provided by investing activities (704.1) 730.0
Cash flows from financing activities:    
Repurchase and retirement of common stock (354.9) (755.5)
Proceeds from issuance of common stock 55.4 56.8
Payment of dividends (196.4) (187.0)
Payment of debt (950.0) 0.0
Issuance of debt, net 495.2 0.0
Payment for debt extinguishment costs (14.6) 0.0
Change in customer financing arrangement 0.0 (16.9)
Other 0.0 (1.5)
Net cash used in financing activities (965.3) (904.1)
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash (3.6) (10.9)
Net (decrease) increase in cash, cash equivalents, and restricted cash (1,239.8) 463.7
Cash, cash equivalents, and restricted cash at beginning of period 2,505.8 2,059.1
Cash, cash equivalents, and restricted cash at end of period $ 1,266.0 $ 2,522.8