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Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 340.5 $ 33.3 $ 217.6
Noncash items:      
Depreciation 40.8 42.4 39.0
Amortization 82.8 90.2 89.5
Allowance for credit losses 5.6 23.0 9.5
Stock-based compensation expense 28.2 22.6 18.4
Gain on sale of property, plant and equipment (2.2) 0.0 0.0
Gain on sale of Kavo treatment unit and instrument business (11.7) 0.0 0.0
Restructuring charges 10.8 11.1 0.0
Impairment charges 18.4 32.6 0.0
Amortization of right-of-use assets 28.3 30.5 39.6
Amortization of debt discount and issuance costs 23.3 13.4 0.0
Change in deferred income taxes (59.0) (91.4) (8.9)
Change in trade accounts receivable (43.2) 71.9 3.3
Change in inventories (66.0) 11.9 (1.5)
Change in trade accounts payable (20.3) 21.6 (7.9)
Change in prepaid expenses and other assets (11.5) (2.5) (8.6)
Change in accrued expenses and other liabilities 34.3 10.0 44.5
Change in operating lease liabilities (37.5) (36.7) (37.0)
Net cash provided by operating activities 361.6 283.9 397.5
Cash flows from investing activities:      
Acquisitions, net of cash acquired (2.1) (40.7) 0.0
Payments for additions to property, plant and equipment (54.7) (47.7) (77.8)
Proceeds from sales of property, plant and equipment 11.6 5.3 1.6
Proceeds from sale of Kavo treatment unit and instrument business 312.5 0.0 0.0
All other investing activities (4.6) 14.0 (2.2)
Net cash provided by (used) in investing activities 262.7 (69.1) (78.4)
Cash flows from financing activities:      
Proceeds from issuance of convertible senior notes 0.0 517.5 0.0
Payment of debt issuance and other deferred financing costs (2.3) (17.2) (2.4)
Proceeds from revolving line of credit 0.0 249.8 0.0
Repayment of revolving line of credit 0.0 (250.0) 0.0
Proceeds from borrowings 0.0 0.0 1,318.3
Repayment of borrowings (475.7) 0.0 (0.3)
Purchase of capped calls related to issuance of convertible senior notes 0.0 (20.7) 0.0
Proceeds from stock option exercises 19.5 13.8 0.0
Proceeds from the public offering of common stock, net of issuance costs 0.0 0.0 643.4
Consideration to Former Parent in connection with the Separation 0.0 0.0 (1,950.0)
Net transfers to Former Parent 0.0 0.0 (116.5)
All other financing activities (7.1) (0.7) (0.2)
Net cash (used in) provided by financing activities (465.6) 492.5 (107.7)
Effect of exchange rate changes on cash and cash equivalents 26.0 (29.6) (0.2)
Net change in cash and cash equivalents 184.7 677.7 211.2
Beginning balance of cash and cash equivalents 888.9 211.2 0.0
Ending balance of cash and cash equivalents 1,073.6 888.9 211.2
Supplemental data:      
Cash paid for interest 35.7 56.7 7.7
Cash paid for taxes 84.0 28.6 30.7
ROU assets obtained in exchange for operating lease obligations $ 24.7 $ 28.1 $ 59.5