XML 23 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net earnings (loss) $ 60.2 $ (193.5)
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:    
Depreciation and amortization 830.7 1,001.9
Share-based Compensation 34.7 34.8
Deferred income tax benefit (119.7) (57.8)
Loss from equity method investments 34.5 33.2
Other non-cash items 97.4 63.5
Litigation settlements and other contingencies, net 26.6 24.4
Changes in operating assets and liabilities:    
Accounts receivable 122.6 198.9
Inventories (275.8) (326.8)
Accounts payable (234.5) (71.6)
Income taxes 49.3 (94.8)
Other operating assets and liabilities, net 44.6 17.0
Net cash provided by operating activities 670.6 629.2
Cash flows from investing activities:    
Cash paid for acquisitions, net 0.0 (7.1)
Capital expenditures (87.9) (97.2)
Purchase of available for sale securities and other investments (90.2) (12.7)
Proceeds from the sale of marketable securities 33.1 12.5
Payments for product rights and other, net (76.4) (129.5)
Proceeds from the sale of assets 1.3 0.0
Net cash used in investing activities (220.1) (234.0)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 33.2 5.5
Payments of long-term debt (589.0) (555.5)
Change in short-term borrowings, net 0.0 24.3
Taxes paid related to net share settlement of equity awards (7.1) (8.3)
Contingent consideration payments (43.6) (38.8)
Payments of financing fees (1.2) (2.1)
Proceeds from exercise of stock options 0.6 4.0
Other items, net (2.0) (1.0)
Net cash used in financing activities (609.1) (571.9)
Effect on cash of changes in exchange rates (7.8) 0.1
Net decrease in cash, cash equivalents and restricted cash (166.4) (176.6)
Cash, cash equivalents and restricted cash — beginning of period 491.1 389.3
Cash, cash equivalents and restricted cash — end of period $ 324.7 $ 212.7