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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Net Cash Provided by (Used in) Operating Activities [Abstract]    
Net income (loss) $ (183.5) $ 133.4
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Amortization of intangible assets 284.0 92.6
Depreciation in cost of sales 64.9 33.3
Depreciation in selling and administrative expenses 10.7 7.0
Impairment of intangible assets 19.9 0.0
Stock-based compensation expense 29.0 13.4
Foreign currency transaction losses, net 14.0 3.1
Non-cash adjustments to carrying value of LIFO inventories 45.9 0.0
Other non-cash adjustments 14.5 0.1
Changes in assets and liabilities:    
Receivables 108.5 47.7
Inventories 94.8 (26.2)
Accounts payable (46.7) 9.7
Accrued liabilities 59.8 (10.9)
Other assets and liabilities, net (13.3) (58.9)
Net cash provided by operating activities 502.5 244.3
Cash Flows Used In Investing Activities:    
Capital expenditures (33.5) (33.8)
Net cash acquired (paid) in business combinations 9.4  
Net cash acquired (paid) in business combinations   (12.0)
Disposals of property, plant and equipment 1.6 0.7
Net cash used in investing activities (22.5) (45.1)
Cash Flows From (Used In) Financing Activities:    
Principal payments on long-term debt (1,609.2) (30.8)
Proceeds from long-term debt 1,980.1 0.0
Purchases of treasury stock (1.4) (17.3)
Proceeds from stock option exercises 12.7 37.3
Payments of contingent consideration (0.7) (2.0)
Payments of debt issuance costs (47.4) (0.3)
Payments of costs incurred to issue shares for Ingersoll Rand Industrial acquisition (1.0) 0.0
Acquisition of noncontrolling interests (14.9) 0.0
Other financing (0.3) 0.0
Net cash provided by (used in) financing activities 317.9 (13.1)
Effect of exchange rate changes on cash and cash equivalents 9.9 (0.9)
Net increase in cash and cash equivalents 807.8 185.2
Cash and cash equivalents, beginning of period 505.5 221.2
Cash and cash equivalents, end of period 1,313.3 406.4
Supplemental Cash Flow Information    
Cash paid for income taxes 73.9 53.8
Cash paid for interest 79.9 64.0
Leased assets obtained in exchange for new operating lease liabilities 21.0 6.3
Capital expenditures in accounts payable $ 3.5 $ 4.1