XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows From Operating Activities:    
Net loss $ (125.1) $ (27.0)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of intangible assets 87.6 90.8
Depreciation in cost of sales 33.2 30.5
Depreciation in selling and administrative expenses 6.1 5.6
Impairment of other intangible assets 0.0 1.5
Stock-based compensation expense [1] 166.0 0.0
Foreign currency transaction losses (gains), net 6.3 (2.6)
Net loss on asset dispositions 2.0 1.6
Loss on extinguishment of debt 84.5 0.0
Deferred income taxes (68.1) (45.8)
Changes in assets and liabilities:    
Receivables (65.9) 18.1
Inventories (36.4) (3.8)
Accounts payable 39.8 21.3
Accrued liabilities (19.8) 3.9
Other assets and liabilities, net (26.3) 12.7
Net cash provided by operating activities 83.9 106.8
Cash Flows From Investing Activities:    
Capital expenditures (36.4) (46.3)
Net cash paid in business combinations (18.8) (18.8)
Net cash received in business divestitures 0.0 4.9
Proceeds from the termination of derivatives 6.2 0.0
Disposals of property, plant and equipment 5.9 0.4
Net cash used in investing activities (43.1) (59.8)
Cash Flows From Financing Activities:    
Principal payments on long-term debt (2,872.2) (20.1)
Premium paid on extinguishment of senior notes (29.7) 0.0
Proceeds from long-term debt 2,010.7 1.0
Proceeds from the issuance of common stock, net of share issuance costs 893.3 2.9
Purchase of treasury stock (2.6) (12.6)
Purchase of shares from noncontrolling interests (5.2) 0.0
Payments of debt issuance costs (2.9) (1.1)
Other 0.4 (0.9)
Net cash used in financing activities (8.2) (30.8)
Effect of exchange rate changes on cash and cash equivalents 14.6 (2.3)
Net increase in cash and cash equivalents 47.2 13.9
Cash and cash equivalents, beginning of period 255.8 228.3
Cash and cash equivalents, end of period 303.0 242.2
Supplemental Cash Flow Information    
Cash paid for income taxes 47.4 22.7
Cash paid for interest 118.1 137.2
Capital expenditures in accounts payable 3.0 5.9
Property and equipment acquired under capital leases 0.0 7.7
Expenditures directly related to our initial public offering in accounts payable $ 0.2 $ 0.0
[1] Represents stock-based compensation expense recognized for stock options outstanding for the three months and nine months ended September 30, 2017 of $7.8 million and $69.2 million, respectively, and DSUs granted to employees at the date of the initial public offering for the three months and nine months ended September 30, 2017 of $2.0 million and $96.8 million, respectively. See Note 9 "Stock-Based Compensation".