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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 356.4 $ 351.0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 36.6 38.5
Non-cash operating lease cost 6.1 7.7
Stock-based compensation 40.2 44.6
Loss (gain) on investments, net 12.5 (1.0)
Deferred income taxes (24.3) (35.8)
Other 3.6 0.5
Changes in operating assets and liabilities:    
Accounts and other receivables, net (43.7) (55.0)
Inventories (0.1) (69.5)
Accounts payable and accrued liabilities (103.4) (89.1)
Income taxes 51.2 (263.1)
Prepaid expenses and other current assets 10.6 27.1
Intellectual property agreement accrual (36.7) (5.2)
Other (28.6) (4.2)
Net cash provided by (used in) operating activities 280.4 (53.5)
Cash flows from investing activities    
Capital expenditures (56.0) (65.3)
Purchases of held-to-maturity investments (Note 5) (12.8) (0.8)
Proceeds from held-to-maturity investments (Note 5) 17.7 9.3
Purchases of available-for-sale investments (Note 5) (634.5) (1.8)
Proceeds from available-for-sale investments (Note 5) 827.9 157.3
Investments in intangible assets 0.0 (20.0)
Payment for working capital adjustment for sale of product group (Note 4) (36.3) 0.0
Payment for acquisition options (3.0) (10.8)
Issuances of notes receivable (17.8) (2.5)
Other 0.1 (2.3)
Net cash provided by investing activities 85.3 63.1
Cash flows from financing activities    
Purchases of treasury stock (258.6) (0.2)
Equity forward contract related to accelerated share repurchase agreement (Note 10) (50.0) 0.0
Proceeds from stock plans 49.9 62.1
Other 0.7 (0.2)
Net cash (used in) provided by financing activities (258.0) 61.7
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash (17.7) 9.7
Net increase in cash, cash equivalents, and restricted cash 90.0 81.0
Cash, cash equivalents, and restricted cash at beginning of period 3,058.8 1,148.0
Cash, cash equivalents, and restricted cash at end of period (Note 2) $ 3,148.8 $ 1,229.0