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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2020
Mar. 31, 2019
Operating Activities    
Net income $ 82.2 $ 75.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29.3 27.6
Stock-based compensation 9.6 10.8
Changes in operating assets and liabilities excluding the effect of business acquired:    
Accounts receivable (14.6) 6.7
Inventories (16.4) (12.4)
Prepaid expenses and other assets (1.9) (10.0)
Accounts payable (1.0) (1.1)
Accrued liabilities (12.9) (15.1)
Deferred and income taxes receivable/payable, net 9.1 (2.8)
Long-term assets 11.9 (13.4)
Other long-term liabilities (21.7) 16.2
Other operating, net 2.8 (1.7)
Net cash provided by operating activities 76.4 80.1
Investing Activities    
Purchases of property, plant and equipment (20.2) (21.3)
Purchase of businesses, net of cash acquired (28.9) (222.5)
Net cash used in investing activities (49.1) (243.8)
Financing Activities    
Net proceeds from credit facility   120.0
Net payments on other debt (0.3) (5.9)
Proceeds from exercise of stock options 10.2 10.2
Net cash provided by financing activities 9.9 124.3
Effect of exchange rate changes on cash (5.3) 3.1
Change in cash and cash equivalents 31.9 (36.3)
Cash and cash equivalents—beginning of period 199.5 142.5
Cash and cash equivalents—end of period $ 231.4 $ 106.2