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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 513.9 $ 766.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 74.6 65.4
Non-cash operating lease cost 20.7 18.7
Stock-based compensation (Note 8) 71.7 62.9
Inventory write off 0.0 73.1
Change in fair value of contingent consideration liabilities, net (Note 6) 8.4 12.4
Deferred income taxes (37.8) 9.5
Purchase of intellectual property (Note 4) 0.0 24.0
Other 0.6 (4.8)
Changes in operating assets and liabilities:    
Accounts and other receivables, net (9.2) (70.3)
Inventories (118.2) (83.9)
Accounts payable and accrued liabilities (53.9) 70.8
Income taxes (65.6) 17.0
Prepaid expenses and other current assets (22.1) (2.5)
Litigation settlement accrual (Note 3) 269.2 (180.0)
Other 2.0 1.0
Net cash provided by operating activities 654.3 780.0
Cash flows from investing activities    
Capital expenditures (293.8) (182.9)
Purchases of held-to-maturity investments (Note 5) (112.0) (30.0)
Proceeds from held-to-maturity investments (Note 5) 212.2 50.0
Purchases of available-for-sale investments (Note 5) (394.3) (95.0)
Proceeds from available-for-sale investments (Note 5) 358.3 278.3
Investments in intangible assets (Note 4) 0.0 (24.0)
Acquisition 0.0 (100.2)
Payment for acquisition option (10.0) (35.0)
Issuances of notes receivable (26.5) (8.4)
Other (5.1) (3.3)
Net cash used in investing activities (271.2) (150.5)
Cash flows from financing activities    
Proceeds from issuance of debt, net 12.3 12.0
Payments on debt and finance lease obligations (14.0) (23.7)
Purchases of treasury stock (625.2) (263.3)
Proceeds from stock plans 103.5 125.5
Other (4.9) (3.1)
Net cash used in financing activities (528.3) (152.6)
Effect of currency exchange rate changes on cash and cash equivalents (9.9) (4.4)
Net (decrease) increase in cash and cash equivalents (155.1) 472.5
Cash and cash equivalents at beginning of period 1,179.1 714.1
Cash and cash equivalents at end of period $ 1,024.0 $ 1,186.6