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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities      
Net income $ 159.1 $ 269.4 $ 18.5
Adjustments to reconcile net income to net cash provided by operating activities      
Amortization of intangible assets 124.3 125.8 118.9
Depreciation in cost of sales 44.3 44.8 46.6
Depreciation in selling and administrative expenses 9.5 9.8 8.3
Impairment of other intangible assets 0.0 0.0 1.6
Non-cash restructuring charges 3.3 0.0 0.0
Stock-based compensation expense 19.2 2.8 175.0
Foreign currency transaction losses (gains), net 8.1 (1.9) 9.3
Net loss (gain) on asset disposition 0.8 (1.1) 0.8
Loss on extinguishment of debt 0.2 1.1 84.5
Non-cash change in LIFO reserve 0.2 0.2 2.6
Deferred income taxes (21.3) 4.0 (249.0)
Changes in assets and liabilities      
Receivables 54.7 13.2 (65.7)
Inventories 18.7 (13.0) (22.7)
Accounts payable (9.2) 69.6 39.9
Accrued liabilities (26.1) (38.9) (24.8)
Other assets and liabilities, net (42.5) (41.3) 56.7
Net cash provided by operating activities 343.3 444.5 200.5
Cash Flows From Investing Activities      
Capital expenditures (43.2) (52.2) (56.8)
Net cash paid in business combinations (12.0) (186.3) (18.8)
Proceeds from the termination of derivatives 0.0 0.0 6.2
Disposals of property, plant and equipment 0.9 3.5 8.6
Net cash used in investing activities (54.3) (235.0) (60.8)
Cash Flows From Financing Activities      
Principal payments on long-term debt (32.8) (337.6) (2,879.3)
Premium paid on extinguishment of senior notes 0.0 0.0 (29.7)
Proceeds from long-term debt 0.0 0.0 2,010.7
Proceeds from the issuance of common stock, net of share issuance costs 0.0 0.0 893.6
Purchases of treasury stock (18.6) (40.7) (3.6)
Proceeds from stock option exercises 42.7 6.8 0.0
Payments of contingent consideration (2.3) (1.4) 0.0
Payments of debt issuance costs (0.5) 0.0 (4.1)
Purchase of shares from noncontrolling interests 0.0 0.0 (5.2)
Other 0.0 (0.1) 0.2
Net cash used in financing activities (11.5) (373.0) (17.4)
Effect of exchange rate changes on cash and cash equivalents 6.8 (8.6) 15.2
Increase (decrease) in cash and cash equivalents 284.3 (172.1) 137.5
Cash and cash equivalents, beginning of year 221.2 393.3 255.8
Cash and cash equivalents, end of year 505.5 221.2 393.3
Supplemental Cash Flow Information      
Cash paid for income taxes 61.6 103.1 55.5
Cash paid for interest 85.6 98.5 142.5
Debt issuance costs in accounts payable 0.3 0.0 0.0
Debt issuance costs in accrued liabilities 5.6 0.0 0.0
Capital expenditures in accounts payable 4.8 10.0 6.5
Property and equipment acquired under capital leases $ 0.0 $ 0.0 $ 7.8