XML 30 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net (loss) earnings $ 62.5 $ 653.1
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 1,046.4 691.4
Share-based compensation expense 71.1 66.4
Deferred income tax benefit (356.6) (62.2)
Loss from equity method investments 85.5 77.5
Other non-cash items 226.1 206.2
Litigation settlements, net 558.6 19.1
Write off of financing fees 35.8 0.0
Losses on acquisition-related foreign currency derivatives 128.6 0.0
Changes in operating assets and liabilities:    
Accounts receivable 183.3 (54.3)
Inventories (336.7) (288.4)
Trade accounts payable (45.0) 242.5
Income taxes 51.3 (178.5)
Other operating assets and liabilities, net (13.2) (16.3)
Net cash provided by operating activities 1,697.7 1,356.5
Cash flows from investing activities:    
Capital expenditures (239.5) (207.3)
Change in restricted cash (50.5) 25.9
Purchase of marketable securities (22.8) (59.1)
Proceeds from sale of marketable securities 15.8 29.4
Cash paid for acquisitions, net (6,151.7) 0.0
Cash paid for Meda's unconditional deferred payment (308.0) 0.0
Settlement of acquisition-related foreign currency derivatives (128.6) 0.0
Payments for product rights and other, net (196.3) (428.2)
Net cash used in investing activities (7,081.6) (639.3)
Cash flows from financing activities:    
Payments of financing fees (95.3) (114.7)
Change in short-term borrowings, net 48.6 (329.7)
Proceeds from convertible note hedge 0.0 1,970.8
Proceeds from issuance of long-term debt 6,519.8 2,390.0
Payments of long-term debt (1,067.0) (4,334.1)
Proceeds from exercise of stock options 11.1 92.8
Taxes paid related to net share settlement of equity awards (12.9) (31.7)
Contingent consideration payments (15.5) 0.0
Acquisition of noncontrolling interest (1.0) (11.7)
Other items, net 1.6 49.6
Net cash provided by (used in) financing activities 5,389.4 (318.7)
Effect on cash of changes in exchange rates 15.1 (37.0)
Net increase in cash and cash equivalents 20.6 361.5
Cash and cash equivalents — beginning of period 1,236.0 225.5
Cash and cash equivalents — end of period 1,256.6 587.0
Non-cash transactions:    
Ordinary shares issued for acquisition $ 1,281.7 $ 6,305.8