XML 69 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 20.4 $ 31.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation expense 42.0 33.9
Depreciation, amortization, and accretion 54.0 48.7
Operating lease assets expense 10.5 9.6
Other 10.3 (2.2)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 202.6 108.6
Prepaid expenses and other assets (37.1) (9.1)
Accounts payable 18.4 10.1
Accrued compensation (59.8) (54.9)
Income taxes payable 5.1 (5.7)
Other accrued liabilities (27.0) (27.9)
Deferred revenue 32.8 17.2
Net cash provided by operating activities 272.2 159.4
Cash flows from investing activities:    
Purchases of property and equipment (21.8) (27.9)
Purchases of available-for-sale debt securities (257.1) (884.4)
Proceeds from sales of available-for-sale debt securities 94.0 232.8
Proceeds from maturities and redemptions of available-for-sale debt securities 354.0 578.3
Purchases of equity securities (3.1) (5.1)
Proceeds from sales of equity securities 3.1 2.2
Subsequent payments related to acquisitions in prior years (0.2) 0.0
Net cash provided by (used in) investing activities 168.9 (104.1)
Cash flows from financing activities:    
Repurchase and retirement of common stock (203.2) (2.9)
Proceeds from issuance of common stock 27.1 29.5
Payment of dividends (65.5) (66.2)
Payment of debt 0.0 (350.0)
Net cash used in financing activities (241.6) (389.6)
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash (16.2) 1.6
Net increase (decrease) in cash, cash equivalents, and restricted cash 183.3 (332.7)
Cash, cash equivalents, and restricted cash at beginning of period 1,276.5 2,505.8
Cash, cash equivalents, and restricted cash at end of period $ 1,459.8 $ 2,173.1