XML 48 R36.htm IDEA: XBRL DOCUMENT v3.10.0.1
Revenue Statement of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income $ 163.5 $ 172.3 $ 295.2 $ 301.2
Adjustments to reconcile net income to net cash used in operating activities:        
Depreciation and amortization 44.0 42.2 134.0 124.5
Provision for uncollectible receivables     9.4 9.5
Amortization of restricted stock and other non-cash compensation     59.7 59.8
Net amortization of bond discounts and deferred financing costs     4.2 4.2
Deferred income tax benefit     (22.9) 18.8
Net gains on sales of businesses 5.8 8.7 50.0 20.9
Other     4.2 16.1
Changes in assets and liabilities, net of acquisitions and divestitures, providing (using) cash:        
Accounts receivable     443.6 875.8
Expenditures billable to clients       0.0
Accounts receivable, billable to clients     (303.0) (166.9)
Other current assets     (100.6) (63.9)
Accounts payable     (766.9) (961.7)
Accrued liabilities     (186.5) (287.8)
Contract liabilities     46.1 (68.1)
Other non-current assets and liabilities     6.8 (21.4)
Net cash used in operating activities     (326.7) (139.0)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Capital expenditures (44.2) (39.8) (105.7) (108.7)
Acquisitions, net of cash acquired     (12.0) (22.6)
Other investing activities     1.1 (9.2)
Net cash used in investing activities     (116.6) (140.5)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Net increase in short-term borrowings     (4.6) 429.9
Exercise of stock options     9.1 12.1
Common stock dividends     (241.6) (211.2)
Repurchase of common stock     (117.1) (216.0)
Tax payments for employee shares withheld     (28.8) (38.4)
Distributions to noncontrolling interests     (13.4) (16.9)
Other financing activities     (11.9) 0.1
Net cash provided by (used in) financing activities     1,550.6 (113.1)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash     (35.3) 0.4
Net decrease in cash, cash equivalents and restricted cash     1,072.0 (392.2)
Cash, cash equivalents, and restricted cash at beginning of period     797.7 1,100.2
Cash, cash equivalents, and restricted cash at end of period $ 1,869.7 708.0 $ 1,869.7 708.0
As Previously Reported        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income   148.8   261.5
Adjustments to reconcile net income to net cash used in operating activities:        
Depreciation and amortization       124.5
Provision for uncollectible receivables       9.5
Amortization of restricted stock and other non-cash compensation       59.8
Net amortization of bond discounts and deferred financing costs       4.2
Deferred income tax benefit       (1.6)
Net gains on sales of businesses       20.9
Other       16.1
Changes in assets and liabilities, net of acquisitions and divestitures, providing (using) cash:        
Accounts receivable       875.8
Expenditures billable to clients       (165.9)
Accounts receivable, billable to clients       0.0
Other current assets       (48.2)
Accounts payable       (986.4)
Accrued liabilities       (287.8)
Contract liabilities       0.0
Other non-current assets and liabilities       (21.4)
Net cash used in operating activities       (139.0)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Net cash used in investing activities       (140.5)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Net cash provided by (used in) financing activities       (113.1)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash       0.4
Net decrease in cash, cash equivalents and restricted cash       (392.2)
Cash, cash equivalents, and restricted cash at beginning of period       1,100.2
Cash, cash equivalents, and restricted cash at end of period   708.0   708.0
ASC 606 Adjustments | Accounting Standards Update 2014-09        
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net income   23.5   39.7
Adjustments to reconcile net income to net cash used in operating activities:        
Depreciation and amortization       0.0
Provision for uncollectible receivables       0.0
Amortization of restricted stock and other non-cash compensation       0.0
Net amortization of bond discounts and deferred financing costs       0.0
Deferred income tax benefit       20.4
Net gains on sales of businesses       0.0
Other       0.0
Changes in assets and liabilities, net of acquisitions and divestitures, providing (using) cash:        
Accounts receivable       0.0
Expenditures billable to clients       165.9
Accounts receivable, billable to clients       (166.9)
Other current assets       (15.7)
Accounts payable       24.7
Accrued liabilities       0.0
Contract liabilities       (68.1)
Other non-current assets and liabilities       0.0
Net cash used in operating activities       0.0
CASH FLOWS FROM INVESTING ACTIVITIES:        
Net cash used in investing activities       0.0
CASH FLOWS FROM FINANCING ACTIVITIES:        
Net cash provided by (used in) financing activities       0.0
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash       0.0
Net decrease in cash, cash equivalents and restricted cash       0.0
Cash, cash equivalents, and restricted cash at beginning of period       0.0
Cash, cash equivalents, and restricted cash at end of period   $ 0.0   $ 0.0