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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 33.3 $ 217.6 $ 230.7
Noncash items:      
Depreciation 42.4 39.0 39.4
Amortization 90.2 89.5 90.6
Allowance for credit losses 23.0 9.5 4.7
Stock-based compensation expense 22.6 18.4 13.3
Restructuring charges 11.1 0.0 0.0
Impairment charges 32.6 0.0 0.4
Amortization of right-of-use assets 30.5 39.6 0.0
Amortization of debt discount and issuance costs 13.4 0.0 0.0
Change in deferred income taxes (91.4) (8.9) 1.7
Change in trade accounts receivable 71.9 3.3 (8.5)
Change in inventories 11.9 (1.5) (8.9)
Change in trade accounts payable 21.6 (7.9) (3.8)
Change in prepaid expenses and other assets (2.5) (8.6) 13.8
Change in accrued expenses and other liabilities 10.0 44.5 26.7
Change in operating lease liabilities (36.7) (37.0) 0.0
Net cash provided by operating activities 283.9 397.5 400.1
Cash flows from investing activities:      
Acquisitions, net of cash acquired (40.7) 0.0 0.0
Payments for additions to property, plant and equipment (47.7) (77.8) (72.2)
Proceeds from sales of property, plant and equipment 5.3 1.6 0.0
All other investing activities 14.0 (2.2) (3.3)
Net cash used in investing activities (69.1) (78.4) (75.5)
Cash flows from financing activities:      
Proceeds from issuance of convertible senior notes 517.5 0.0 0.0
Payment of debt issuance and other deferred financing costs (17.2) (2.4) 0.0
Proceeds from revolving line of credit 249.8 0.0 0.0
Repayment of revolving line of credit (250.0) 0.0 0.0
Proceeds from borrowings 0.0 1,318.3 0.0
Repayment of borrowings 0.0 (0.3) 0.0
Purchase of capped calls related to issuance of convertible senior notes (20.7) 0.0 0.0
Proceeds from stock option exercises 13.8 0.0 0.0
Proceeds from the public offering of common stock, net of issuance costs 0.0 643.4 0.0
Consideration to Former Parent in connection with the Separation 0.0 (1,950.0) 0.0
Net transfers to Former Parent 0.0 (116.5) (324.6)
All other financing activities (0.7) (0.2) 0.0
Net cash provided by (used in) financing activities 492.5 (107.7) (324.6)
Effect of exchange rate changes on cash and equivalents (29.6) (0.2) 0.0
Net change in cash and equivalents 677.7 211.2 0.0
Beginning balance of cash and equivalents 211.2 0.0 0.0
Ending balance of cash and equivalents 888.9 211.2 0.0
Supplemental data:      
Cash paid for interest 56.7 7.7 0.0
Cash paid for taxes 28.6 30.7 26.3
ROU assets obtained in exchange for operating lease obligations $ 28.1 $ 59.5 $ 0.0