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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income $ 61.8 $ 79.4
Reconciliation of net income to net cash provided by operating activities:    
Depreciation 24.6 21.3
Amortization 32.2 27.8
Lease expense 7.4 6.4
Stock-based compensation 12.7 6.8
Loss on extinguishment of debt 8.8 0.0
Deferred taxes (2.3) (0.5)
Other operating activities, net 6.0 8.1
Changes in assets and liabilities, excluding effects of acquisitions:    
Receivables (8.3) (49.7)
Inventories (64.9) (18.6)
Contract assets (3.3) (13.4)
Prepaid expenses and other assets 32.5 19.6
Accounts payable 6.9 53.4
Accrued and other current liabilities (58.9) (31.0)
Contract liabilities 6.9 2.8
Other long-term liabilities (8.9) (2.6)
Net cash provided by operating activities 53.2 109.8
Investing activities:    
Acquisitions, net of cash acquired (2.4) (202.0)
Capital expenditures (22.8) (23.3)
Other investing activities, net 0.9 0.9
Net cash used in investing activities (24.3) (224.4)
Financing activities:    
Proceeds from notes 740.7 0.0
Repayment of notes (258.5) 0.0
Borrowings from revolving credit facility 500.0 0.0
Repurchases of common stock (120.6) (157.1)
Dividends paid (28.3) (23.3)
Financing costs (24.2) 0.0
Proceeds from exercise of stock options 10.5 10.6
Withholding tax paid related to stock-based compensation (6.4) (3.3)
Other financing activities, net (0.2) 0.0
Net cash used in financing activities 813.0 (173.1)
Effect of foreign currency exchange rate changes on cash and cash equivalents (5.4) 0.7
Change in cash and cash equivalents 836.5 (287.0)
Cash and cash equivalents at beginning of period 351.2 803.6
Cash and cash equivalents at end of period $ 1,187.7 $ 516.6