XML 19 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities    
Net earnings $ 63.8 $ 73.8
Adjustments to reconcile Net earnings to Net cash flows (used in) provided by operating activities:    
Depreciation and amortization 34.5 25.8
Amortization of acquired intangibles and purchased intellectual property 33.1 16.2
Amortization of other assets 15.2 12.5
Stock-based compensation expense 22.8 22.2
Deferred income taxes (8.9) (13.8)
Excess tax benefits from stock-based compensation awards (22.0) (5.5)
Other 5.3 4.3
Current assets and liabilities:    
Decrease in Accounts receivable, net 29.3 36.7
Increase in Other current assets (22.8) (20.5)
Decrease in Accounts payable (1.9) (14.0)
Decrease in Accrued expenses and other current liabilities (100.2) (68.1)
Decrease in Deferred revenues (5.5) (6.3)
Non-current assets and liabilities:    
Increase in Other non-current assets (57.4) (23.8)
Increase in Other non-current liabilities 9.3 3.2
Net cash flows (used in) provided by operating activities (5.5) 42.6
Cash Flows From Investing Activities    
Capital expenditures (19.9) (28.7)
Software purchases and capitalized internal use software (12.1) (8.2)
Acquisitions, net of cash acquired (428.4) (13.3)
Purchase of intellectual property (90.0) 0.0
Equity method investment (3.0) (1.8)
Net cash flows used in investing activities (553.4) (52.0)
Cash Flows From Financing Activities    
Proceeds from Long-term debt 230.0 105.0
Repayments on Long-term debt (40.0) (40.0)
Excess tax benefits from stock-based compensation awards 22.0 5.5
Dividends paid (74.0) (67.4)
Purchases of Treasury stock (101.2) (10.6)
Proceeds from exercise of stock options 34.0 11.0
Payment of contingent consideration liabilities 0.0 (1.0)
Costs related to issuance of bonds (0.7) 0.0
Net cash flows provided by financing activities 70.2 2.5
Effect of exchange rate changes on Cash and cash equivalents (3.3) (12.2)
Net change in Cash and cash equivalents (492.0) (19.0)
Cash and cash equivalents, beginning of period 727.7 324.1
Cash and cash equivalents, end of period 235.7 305.1
Supplemental disclosure of cash flow information:    
Cash payments made for interest 20.8 13.0
Cash payments made for income taxes, net of refunds 74.9 78.6
Non-cash investing and financing activities:    
Accrual of unpaid property, plant and equipment and software 0.6 3.1
Acquisition related obligations 2.5 2.2
Obligations related to the purchase of intellectual property $ 5.0 $ 0.0