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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net income $ 231.2 $ 108.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 55.1 38.8
Amortization 65.6 21.8
Amortization of deferred financing costs 2.1 2.2
Deferred income taxes (70.5) 28.7
Share-based compensation expense 17.4 11.8
Restructuring and other costs - non-cash 3.3 45.8
Excess tax benefits from share-based compensation (8.8) (8.8)
Equity in net loss from unconsolidated affiliates 0.0 12.6
Other non-cash income (31.5) (13.6)
Loss on disposal of property, plant and equipment 0.5 0.5
Changes in operating assets and liabilities, net of acquisitions:    
Accounts and notes receivable-trade, net (82.8) (40.0)
Inventories, net 44.7 4.1
Prepaid expenses and other current assets, net (8.5) 1.8
Other noncurrent assets, net 1.6 0.7
Accounts payable 13.9 4.9
Accrued liabilities (11.1) (17.7)
Income taxes (41.5) (0.1)
Other noncurrent liabilities 7.4 9.7
Net cash provided by operating activities 188.1 211.2
Cash flows from investing activities:    
Capital expenditures (47.8) (33.5)
Cash assumed in Sirona merger 522.3 0.0
Cash paid for acquisitions of businesses, net of cash acquired (0.4) (3.3)
Cash received from sale of business or product line 2.4 0.0
Cash received on derivatives contracts 10.7 14.3
Cash paid on derivatives contracts (3.6) (0.8)
Purchase of Company-owned life insurance policies (1.7) 0.0
Proceeds from sale of property, plant and equipment, net 4.4 0.3
Net cash provided by (used in) investing activities 486.3 (23.0)
Cash flows from financing activities:    
(Decrease) increase in short-term borrowings (3.6) 33.4
Cash paid for treasury stock (600.0) (99.0)
Cash dividends paid (28.6) (19.6)
Cash paid for acquisition of noncontrolling interests of consolidated subsidiary 0.0 (80.5)
Proceeds from long-term borrowings 79.9 0.0
Repayments on long-term borrowings (127.5) (100.2)
Proceeds from exercised stock options 20.4 18.6
Excess tax benefits from share-based compensation 8.8 8.8
Net cash used in financing activities (650.6) (238.5)
Effect of exchange rate changes on cash and cash equivalents 3.2 (4.8)
Net increase (decrease) in cash and cash equivalents 27.0 (55.1)
Cash and cash equivalents at beginning of period 284.6 151.6
Cash and cash equivalents at end of period 311.6 96.5
Schedule of non-cash investing activities:    
Merger financed by common stock $ 6,256.2 $ 0.0