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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Consolidated net income $ 78.5 $ 64.2
Adjustments to reconcile consolidated net income to net cash flows from operating activities:    
Depreciation and amortization 47.3 47.2
Deferred income taxes (6.9) (7.5)
Stock-based compensation expense 9.1 11.4
Provision for bad debt 2.5 1.4
Equity in investments of unconsolidated entities 2.6 1.5
Other, net (1.1) (11.0)
Changes in operating assets and liabilities:    
Accounts receivable 17.3 13.7
Accounts payable and accrued liabilities 0.2 (4.3)
Accrued compensation and deferred commissions (120.5) (79.2)
Income taxes, current 20.1 16.3
Deferred revenue 47.9 50.0
Other assets and liabilities (6.0) (10.1)
Cash provided by operating activities 91.0 93.6
Investing activities    
Purchases of investment securities (3.3) (7.2)
Proceeds from maturities and sales of investment securities 4.5 17.4
Capital expenditures (32.2) (34.1)
Acquisitions, net of cash acquired (38.5) 0.0
Purchases of investments in unconsolidated entities (1.2) (2.8)
Cash used for investing activities (70.7) (26.7)
Financing activities    
Common shares repurchased (109.6) 0.0
Dividends paid (19.5) (17.3)
Proceeds from revolving credit facility 145.0 90.0
Repayment of revolving credit facility (40.0) (105.0)
Repayment of term facility 0.0 (8.1)
Employee taxes withheld for stock awards 0.0 (3.2)
Other, net 0.0 0.1
Cash used for financing activities (24.1) (43.5)
Effect of exchange rate changes on cash and cash equivalents 12.6 (7.6)
Net increase in cash and cash equivalents 8.8 15.8
Cash and cash equivalents—beginning of period 502.7 337.9
Cash and cash equivalents—end of period 511.5 353.7
Supplemental disclosure of cash flow information    
Cash paid for income taxes 14.2 12.5
Cash paid for interest $ 6.4 $ 11.5