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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:      
Net income (loss) including noncontrolling interest $ 181.1 $ 129.0 $ (170.3)
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:      
Depreciation and amortization 87.4 81.5 86.0
Provision for bad debt 25.9 25.1 9.3
Share-based payment award compensation costs 23.6 8.3 21.2
Deferred income tax expense (benefit) 3.3 (3.2) 13.9
Goodwill and other impairments 0.0 0.0 91.9
Restructuring charges 12.6 0.0 25.7
Foreign currency (gains) losses, net 10.8 8.7 (0.6)
(Gain) loss on sale of business (13.9) 0.0 0.0
Other (1.8) (3.3) (1.2)
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable, net (reduced by beneficial interests received in exchange for accounts receivables sold of $369.8 and $338.8 for the years ended December 31, 2018 and 2017, respectively) (164.1) (445.2) (705.4)
Inventories (61.3) (11.8) (43.9)
Prepaid expenses (17.8) (5.3) (19.7)
Short-term derivative assets, net 132.0 (151.3) (0.2)
Other current assets (52.8) (53.1) (13.9)
Cash collateral with financial counterparties (42.7) 29.2 (26.7)
Other non-current assets 33.6 (61.5) (30.3)
Accounts payable 143.7 171.3 451.2
Customer deposits 8.1 11.8 13.4
Accrued expenses and other current liabilities (91.9) 72.5 77.7
Non-current income tax, net and other long-term liabilities 12.8 14.8 88.4
Total adjustments 47.7 (311.5) 36.7
Net cash provided by (used in) operating activities 228.8 (182.5) (133.6)
Cash flows from investing activities:      
Cash receipts of retained beneficial interests in receivable sales 0.0 369.8 338.8
Acquisition of businesses, net of cash acquired 0.0 (21.3) (120.7)
Proceeds from sale of business 30.8 0.0 0.0
Capital expenditures (80.9) (72.3) (54.0)
Other investing activities, net (0.4) 9.8 (5.4)
Net cash provided by (used in) investing activities (50.5) 286.0 158.7
Cash flows from financing activities:      
Borrowings 5,001.7 6,188.4 4,472.7
Repayments of debt (5,080.2) (6,407.3) (4,749.7)
Dividends paid on common stock (21.1) (16.2) (16.3)
Repurchases of common stock (65.4) (20.0) (61.9)
Other financing activities, net [1] (39.9) (2.1) (6.3)
Net cash used in financing activities (204.9) (257.1) (361.6)
Effect of exchange rate changes on cash and cash equivalents 1.0 (7.0) 10.3
Net (decrease) increase in cash and cash equivalents (25.6) (160.6) (326.2)
Cash and cash equivalents, as of the beginning of the period 211.7 372.3 698.6
Cash and cash equivalents, as of the end of the period 186.1 211.7 372.3
Supplemental Disclosures of Cash Flow Information Cash paid during the year for:      
Interest, net of capitalized interest 77.0 73.8 64.9
Income taxes $ 82.9 $ 85.3 $ 50.8
[1] Includes $32.7 million cash paid for the acquisition of 30% non-controlling interest of a consolidated subsidiary, Avinode Group AB.