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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities From Continuing Operations:    
Net Income (Loss) $ 104.5 $ (90.1)
Loss from discontinued operations, net of tax (1.4) (180.2)
Income from continuing operations 105.9 90.1
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:    
Amortization of intangible assets 86.2 84.2
Depreciation 22.3 21.3
Non-cash restructuring charges 2.2 0.0
Stock-based compensation expense 19.8 21.6
Loss on equity method investments 4.3 0.0
Foreign currency transaction gains, net (3.8) (18.1)
Other non-cash adjustments 2.0 (0.4)
Changes in assets and liabilities:    
Receivables (67.7) (46.8)
Inventories (99.4) (50.0)
Accounts payable 41.0 27.1
Accrued liabilities (37.8) (1.4)
Other assets and liabilities, net (24.9) (40.1)
Net cash provided by operating activities from continuing operations 50.1 87.5
Cash Flows From Investing Activities From Continuing Operations:    
Capital expenditures (17.9) (14.3)
Net cash paid in business combinations (30.3) (202.5)
Disposals of property, plant and equipment 0.0 9.6
Net cash used in investing activities from continuing operations (48.2) (207.2)
Cash Flows From Financing Activities From Continuing Operations:    
Principal payments on long-term debt (9.6) (9.9)
Purchases of treasury stock (101.1) (3.0)
Cash dividends on common shares (8.2) 0.0
Proceeds from stock option exercises 4.6 5.1
Payments of deferred acquisition consideration (1.8) 0.0
Net cash used in financing activities from continuing operations (116.1) (7.8)
Cash Flows From Discontinued Operations:    
Net cash provided by (used in) operating activities (4.1) 34.8
Net cash used in investing activities 0.0 (1.0)
Net cash provided by (used in) discontinued operations (4.1) 33.8
Effect of exchange rate changes on cash and cash equivalents (1.1) (17.6)
Net decrease in cash and cash equivalents (119.4) (111.3)
Cash and cash equivalents, beginning of period 2,109.6 1,750.9
Cash and cash equivalents, end of period 1,990.2 1,639.6
Supplemental Cash Flow Information    
Cash paid for income taxes 29.1 26.7
Cash paid for interest $ 17.1 $ 19.9