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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ 164.5 $ (5.9)
Adjustments to reconcile net income (loss) to net cash used for operating activities:    
Depreciation 22.9 19.8
Amortization 48.7 48.9
Deferred income taxes 33.3 (7.6)
Amortization of debt discount and issuance costs 2.2 2.1
Change in fair value of warrant liabilities 0.0 176.6
Changes in operating working capital (4.8) (99.7)
Stock-based compensation 11.2 9.2
Other 25.3 (5.9)
Net cash provided by (used for) operating activities 303.3 137.5
Cash flows from investing activities:    
Capital expenditures (36.5) (35.8)
Investments in capitalized software (2.3) (0.7)
Net cash provided by (used for) investing activities (38.8) (36.5)
Cash flows from financing activities:    
Borrowings from ABL revolving credit facility and short-term borrowings 0.0 190.0
Repayments of ABL revolving credit facility and short-term borrowings 0.0 (190.0)
Repayment of long-term debt (5.3) (5.3)
Dividend payment (14.2) (9.3)
Repurchase of common stock 0.0 (599.9)
Exercise of employee stock options 1.3 14.4
Employee taxes paid from shares withheld (6.7) (3.0)
Net cash provided by (used for) financing activities (24.9) (603.1)
Effect of exchange rate changes on cash and cash equivalents 4.3 (6.0)
Increase (decrease) in cash, cash equivalents and restricted cash 243.9 (508.1)
Beginning cash, cash equivalents and restricted cash 1,232.2 788.6
Ending cash, cash equivalents and restricted cash 1,476.1 280.5
Changes in operating working capital    
Accounts receivable 81.6 9.9
Inventories (128.6) (106.5)
Other current assets (29.5) (31.7)
Accounts payable 86.5 9.8
Deferred revenue 23.4 100.0
Accrued expenses and other liabilities (79.6) (68.5)
Income taxes 41.4 (12.7)
Total changes in operating working capital $ (4.8) $ (99.7)