XML 26 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows From Operating Activities:      
Net income (loss) $ 18.5 $ (31.3) $ (352.0)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Amortization of intangible assets 118.9 124.2 115.4
Depreciation in cost of sales 46.6 41.1 39.6
Depreciation in selling and administrative expenses 8.3 7.4 8.0
Impairment of goodwill and other intangible assets 1.6 25.3 421.4
Stock-based compensation expense 175.0 0.0 0.0
Foreign currency transaction losses (gains), net 9.3 (5.9) 1.1
Net loss (gain) on asset dispositions 0.8 0.1 (4.5)
Loss on extinguishment of debt 84.5 0.0 0.0
Non-cash change in LIFO reserve 2.6 (2.2) (2.0)
Deferred income taxes (249.0) (84.4) (63.5)
Changes in assets and liabilities:      
Receivables (65.7) (48.8) 83.9
Inventories (22.7) 23.5 (27.8)
Accounts payable 39.9 58.1 (46.8)
Accrued liabilities (24.8) 21.2 30.7
Other assets and liabilities, net 56.7 37.3 (31.4)
Net cash provided by operating activities 200.5 165.6 172.1
Cash Flows From Investing Activities:      
Capital expenditures (56.8) (74.4) (71.0)
Net cash paid in business combinations (18.8) (18.8) (26.2)
Net cash received in business divestitures 0.0 4.9 0.0
Proceeds from the termination of derivatives 6.2 0.0 0.0
Disposals of property, plant and equipment 8.6 6.2 13.2
Net cash used in investing activities (60.8) (82.1) (84.0)
Cash Flows From Financing Activities:      
Principal payments on short-term borrowings 0.0 0.0 (7.2)
Proceeds from short-term borrowings 0.0 0.0 0.5
Principal payments on long-term debt (2,879.3) (26.5) (73.6)
Premium paid on extinguishment of senior notes (29.7) 0.0 0.0
Proceeds from long-term debt 2,010.7 1.0 47.1
Proceeds from the issuance of common stock, net of share issuance costs 893.6 3.3 4.2
Purchases of treasury stock (3.6) (14.1) (2.1)
Payments of contingent consideration 0.0 (4.7) (3.0)
Payments of debt issuance costs (4.1) (1.1) 0.0
Purchase of shares from noncontrolling interests (5.2) 0.0 0.0
Other 0.2 (0.9) (0.9)
Net cash used in financing activities (17.4) (43.0) (35.0)
Effect of exchange rate changes on cash and cash equivalents 15.2 (13.0) (9.0)
Increase in cash and cash equivalents 137.5 27.5 44.1
Cash and cash equivalents, beginning of year 255.8 228.3 184.2
Cash and cash equivalents, end of year 393.3 255.8 228.3
Supplemental Cash Flow Information      
Cash paid for income taxes 55.5 35.5 53.8
Cash paid for interest 142.5 153.9 144.6
Capital expenditures in accounts payable 6.5 7.2 2.1
Property and equipment acquired under capital leases $ 7.8 $ 7.7 $ 0.0