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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities      
Net income $ 472.8 $ 611.1 $ 365.5
Reconciliation of net income to cash flows provided by operating activities:      
Depreciation 88.4 86.4 84.9
Amortization 117.0 104.2 84.2
Operating Lease, Expense 27.5 0.0 0.0
Stock-based compensation, net of tax benefit 26.1 23.9 13.2
Deferred taxes (8.9) (0.8) (58.5)
Gain on sale of discontinued operations, net of tax 0.0 (250.4) 0.0
Other operating activities, net 5.4 (18.8) 13.9
Changes in assets and liabilities, excluding effects of acquisitions:      
Receivables (25.7) (54.5) (53.9)
Inventories (1.9) (29.0) (48.5)
Prepaid expenses and other assets (3.6) (2.0) (20.1)
Accounts payable 16.5 (39.5) 42.7
Accrued expenses 5.2 (99.9) 20.6
Deferred revenues 18.5 11.8 19.3
Other long-term liabilities (34.2) (3.3) (4.6)
Net cash provided by operating activities 703.1 339.2 458.7
Investing activities      
Acquisitions, net of cash acquired (616.4) (19.5) (934.3)
Capital expenditures (88.9) (120.7) (159.9)
Proceeds from sale of discontinued operation 0.0 758.0 0.0
Other investing activities, net 10.4 11.4 (0.1)
Net cash (used in) provided by investing activities (694.9) 629.2 (1,094.3)
Financing activities      
Proceeds from revolving credit facility 0.0 0.0 1,189.0
Repayments of revolving credit facility 0.0 0.0 (1,189.0)
Proceeds from notes 0.0 0.0 997.2
Repurchases of common stock (382.1) (459.8) (268.4)
Dividends paid (102.9) (93.5) (92.1)
Financing costs 0.0 0.0 (8.3)
Proceeds from exercise of stock options 37.0 22.7 8.4
Withholding tax paid related to stock-based compensation (10.4) (10.1) (9.6)
Other financing activities, net (2.8) 0.0 0.0
Net cash (used in) provided by financing activities (461.2) (540.7) 627.2
Effect of foreign currency exchange rate changes on cash and cash equivalents 0.6 (1.1) 2.7
Change in cash and cash equivalents (452.4) 426.6 (5.7)
Less: change in cash and cash equivalents of discontinued operations 0.0 1.3 1.0
Cash and cash equivalents      
Beginning of period 803.6 378.3 385.0
End of period $ 351.2 $ 803.6 $ 378.3