XML 18 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities:    
Net income $ 79.4 $ 309.6
Reconciliation of net income to net cash provided by operating activities:    
Depreciation 21.3 22.7
Amortization 27.8 28.3
Stock-based compensation, net of tax benefit 6.8 6.8
Deferred taxes (0.5) (2.3)
Gain on sale of discontinued operation, net of tax 0.0 (247.9)
Other operating activities, net 8.1 (3.1)
Changes in assets and liabilities, excluding effects of acquisitions:    
Receivables (63.1) (26.8)
Inventories (18.6) (55.8)
Prepaid expenses and other assets 26.0 11.5
Accounts payable 53.4 27.2
Accrued liabilities and other (31.0) (40.6)
Deferred revenues 2.8 3.3
Other long-term liabilities (2.6) 0.3
Net cash provided by operating activities 109.8 33.2
Investing activities:    
Acquisitions, net of cash acquired (202.0) (0.7)
Capital expenditures (23.3) (42.5)
Proceeds from sale of discontinued operation 0.0 754.6
Other investing activities, net 0.9 3.6
Net cash provided by (used in) investing activities (224.4) 715.0
Financing activities:    
Repurchases of common stock (157.1) (122.0)
Dividends paid (23.3) (23.1)
Proceeds from exercise of stock options 10.6 1.7
Withholding tax paid related to stock-based compensation (3.3) (4.6)
Net cash used in financing activities (173.1) (148.0)
Effect of foreign currency exchange rate changes on cash and cash equivalents 0.7 1.9
Change in cash and cash equivalents (287.0) 602.1
Less: change in cash and cash equivalents of discontinued operations 0.0 1.3
Cash and cash equivalents at beginning of period 803.6 378.3
Cash and cash equivalents at beginning of period $ 516.6 $ 979.1