XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) including noncontrolling interest $ 51.1 $ 36.4
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:    
Depreciation and amortization 53.5 40.5
Provision for credit losses 4.6 2.4
Share-based payment award compensation costs 6.7 12.0
Deferred income tax expense (benefit) (15.6) (15.4)
Foreign currency (gains) losses, net (5.2) (8.9)
Other (17.6) 10.5
Changes in assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable, net (1,539.0) (600.7)
Inventories (383.0) (77.4)
Prepaid expenses (26.6) (24.3)
Short-term derivative assets, net (322.8) 39.6
Other current assets 48.7 61.9
Cash collateral with counterparties 235.4 24.7
Other non-current assets (163.9) (28.9)
Accounts payable 1,503.5 605.9
Customer deposits 105.3 (2.7)
Accrued expenses and other current liabilities 308.4 41.1
Non-current income tax, net and other long-term liabilities 127.3 23.8
Total adjustments (80.2) 104.2
Net cash provided by (used in) operating activities (29.2) 140.6
Cash flows from investing activities:    
Acquisition of business, net of cash acquired (639.4) 0.0
Capital expenditures (37.7) (14.2)
Other investing activities, net (1.4) (5.4)
Net cash provided by (used in) investing activities (678.5) (19.7)
Cash flows from financing activities:    
Borrowings of debt 3,772.9 0.3
Repayments of debt (3,244.9) (8.9)
Dividends paid on common stock (15.0) (13.6)
Repurchases of common stock (48.7) 0.0
Other financing activities, net (13.3) (13.5)
Net cash provided by (used in) financing activities 451.0 (35.7)
Effect of exchange rate changes on cash and cash equivalents (9.7) (1.4)
Net increase (decrease) in cash and cash equivalents (266.4) 83.9
Cash and cash equivalents, as of the beginning of the period 652.2 658.8
Cash and cash equivalents, as of the end of the period $ 385.8 $ 742.7