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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Consolidated net income $ 369.9 $ 141.1 $ 70.5
Adjustments to reconcile consolidated net income to net cash flows from operating activities:      
Depreciation and amortization 190.4 184.9 166.6
Deferred income taxes (34.8) (32.4) (37.3)
Stock-based compensation expense 54.7 52.8 83.2
Provision for bad debt 8.1 5.3 3.8
Equity in investments of unconsolidated entities 17.4 7.4 3.6
Gain on equity method transaction 0.0 (49.6) 0.0
Gain on sale of business (45.3) 0.0 0.0
Gain on sale of customer assets (64.0) 0.0 0.0
Acquisition earn-out accrual 0.0 0.0 4.5
Other, net (2.4) (21.2) (14.9)
Changes in operating assets and liabilities:      
Accounts receivable (30.3) (38.2) (38.6)
Accounts payable and accrued liabilities 9.6 (1.5) (2.0)
Accrued compensation and deferred commissions 76.9 14.9 (37.5)
Income taxes 23.1 (7.8) 18.9
Deferred revenue 30.1 50.9 60.0
Other assets and liabilities (16.6) 9.8 (12.8)
Cash provided by operating activities 591.6 316.4 297.8
Investing activities      
Purchases of investment securities (16.0) (15.7) (36.5)
Proceeds from maturities and sales of investment securities 27.1 31.1 43.0
Capital expenditures (142.7) (119.1) (129.5)
Acquisitions, net of cash acquired 0.0 (0.8) (646.7)
Proceeds from sale of business 52.4 0.0 0.0
Proceeds from sale of customer assets 65.0 0.0 0.0
Proceeds from sale of equity method investments, net 0.0 26.2 0.0
Purchases of investments in unconsolidated entities (7.3) (3.7) (29.4)
Other, net 0.2 0.1 (0.2)
Cash used for investing activities (21.3) (81.9) (799.3)
Financing activities      
Common shares repurchased (11.6) (1.4) (226.0)
Dividends paid (69.3) (63.9) (61.5)
Proceeds from revolving credit facility 90.0 260.0 475.0
Repayment of revolving credit facility (105.0) (365.0) (355.0)
Proceeds from term facility 0.0 0.0 650.0
Repayment of term facility 259.4 32.5 19.1
Employee taxes withheld for stock awards (29.1) (30.2) (29.9)
Payment of acquisition-related earn-outs 0.0 (45.5) (16.2)
Other, net 0.0 0.1 (2.2)
Cash provided by (used for) financing activities (384.4) (278.4) 415.1
Effect of exchange rate changes on cash and cash equivalents (21.1) 5.2 (20.8)
Net increase (decrease) in cash and cash equivalents 164.8 (38.7) (107.2)
Cash and cash equivalents—beginning of period 337.9 376.6 483.8
Cash and cash equivalents—end of period 502.7 337.9 376.6
Supplemental disclosure of cash flow information:      
Cash paid for income taxes 115.6 73.2 75.3
Cash paid for interest $ 47.4 $ 58.4 $ 28.4