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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Jun. 30, 2018
Jul. 01, 2017
Cash flows from operating activities    
Net income $ 186.2 $ 125.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 55.9 47.6
Equity compensation expense 12.8 10.8
Deferred income taxes 12.7 7.1
Impairment of long-lived assets 4.3 0.0
Tax (benefit) deficit on exercise of share options (10.8) 4.9
Amortization of deferred financing costs 0.9 0.2
Foreign currency (gains) losses 2.9 (1.2)
Other non-cash charges 2.2 0.4
Change in assets and liabilities:    
Receivables, net 24.4 98.2
Inventories (52.4) (55.6)
Prepaid expenses and other current assets (20.8) (4.7)
Accounts payable (4.4) (23.7)
Accrued expenses and other current liabilities (32.1) (18.1)
Other long-term assets and liabilities 24.5 2.9
Net cash provided by operating activities 206.3 194.3
Cash flows from investing activities    
Capital expenditures (40.7) (14.8)
Cash paid for business acquisitions, net of cash acquired 0.0 (1.4)
Net cash used in investing activities (40.7) (16.2)
Cash flows from financing activities    
Debt borrowings 433.6 409.6
Debt repayments (487.2) (386.9)
Repurchase of treasury shares (105.9) (160.3)
Exercise of employee share options 6.2 0.1
Other financing activities 0.0 (0.2)
Net cash used in financing activities (153.3) (137.7)
Effect of exchange rate changes on cash and cash equivalents (5.5) 3.7
Net increase in cash and cash equivalents and restricted cash 6.8 44.1
Beginning of period (including restricted cash of $0.3 million at March 31, 2018 and $1.9 million at April 1, 2017) 163.4 229.6
End of period (including restricted cash of $0.3 million at June 30, 2018) 170.2 273.7
Supplemental disclosures of cash flow information    
Cash paid for interest 12.7 1.3
Cash paid for income taxes 23.8 11.9
Supplemental disclosure of non-cash investing and financing activities    
Accrued capital expenditures $ 27.9 $ 12.8