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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income $ 291.2 $ 262.1 $ 251.5
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 34.6 30.1 27.6
Amortization of intangibles 19.8 13.2 12.1
(Gain) on sale of assets, loss on disposal, impairment of long-lived asset and other (5.2) 0.2 (0.2)
Stock-based compensation 19.5 20.2 18.4
Deferred income tax (14.7) (18.8) (29.6)
Changes in operating assets and liabilities, net of effects from business acquisitions:      
Accounts receivable 3.3 6.2 (20.0)
Inventories 13.6 27.0 (16.4)
Prepaid expenses and other assets (9.0) (20.6) 1.9
Accounts payable, accrued expenses and other liabilities 8.0 (8.8) (21.3)
Net cash provided by operating activities 361.1 310.8 224.0
INVESTING ACTIVITIES      
Additions to property, plant and equipment (35.3) (29.7) (28.1)
Proceeds from the sale of property, plant and equipment 5.9   5.2
Business acquisitions, net of cash acquired (96.3) (313.4)  
Other investing activity 1.0    
Net cash used in investing activities (124.7) (343.1) (22.9)
FINANCING ACTIVITIES      
Proceeds from long-term borrowings   240.0 85.0
Payments of long-term debt (100.0) (90.0) (80.0)
Payments for withholding taxes on vested awards (13.0) (15.8) (13.3)
Payments for debt issuance costs (2.3)    
Payments for finance leases and other (2.7) (2.8) (4.7)
Proceeds from share transactions under employee stock plans   0.1 0.2
Payments to repurchase common stock (17.0) (16.0) (69.4)
Dividends (55.5) (46.5) (39.5)
Net cash (used in) provided by financing activities (190.5) 69.0 (121.7)
Effect of exchange rate changes on cash and cash equivalents (9.1) 2.6 (10.6)
INCREASE IN CASH AND CASH EQUIVALENTS 36.8 39.3 68.8
Cash and cash equivalents at beginning of year 350.1 310.8 242.0
CASH AND CASH EQUIVALENTS AT END OF YEAR 386.9 350.1 310.8
Acquisition of businesses:      
Fair value of assets acquired 98.5 344.0  
Cash paid, net of cash acquired 96.3 313.4  
Liabilities assumed 2.2 30.6  
Issuance of stock under management stock purchase plan 0.4 0.4 0.4
CASH PAID FOR:      
Interest 12.7 7.7 5.7
Income taxes $ 117.2 $ 115.7 $ 85.8