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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 28, 2019
Mar. 30, 2019
Dec. 29, 2018
OPERATING ACTIVITIES      
Net income $ 385.8 $ (272.6) $ 98.6
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 21.6   23.7
Amortization of acquired intangibles 72.8   95.1
Stock-based compensation expense 18.1   17.1
Deferred income taxes (327.9)   (50.0)
Intangible asset impairment charges 30.2   0.0
Other adjustments and non-cash items 0.5   11.7
Changes in operating assets and liabilities, excluding the effect of acquisitions:      
Accounts receivable 17.6   0.4
Inventories (14.9)   (27.9)
Prepaid income taxes 1.0   2.0
Prepaid expenses and other assets (2.6)   (1.8)
Accounts payable (55.4)   (16.0)
Accrued expenses and other liabilities (22.6)   (51.6)
Deferred revenue (10.3)   3.3
Net cash provided by operating activities 113.9   104.6
INVESTING ACTIVITIES      
Acquisition of businesses, net of cash acquired (11.8)   (106.6)
Capital expenditures (11.4)   (9.5)
Increase in equipment under customer usage agreements (20.1)   (13.1)
Purchase of insurance contracts 2.4   0.0
Other activity 0.0   (1.5)
Net cash used in investing activities (45.7)   (130.7)
FINANCING ACTIVITIES      
Proceeds from long-term debt 0.0   1,500.0
Repayment of long-term debt (9.4)   (1,462.5)
Proceeds from amounts borrowed under revolving credit line 0.0   480.0
Repayments of amounts borrowed under revolving credit line 0.0   (695.0)
Proceeds from amounts borrowed under accounts receivable securitization agreement 16.0   0.0
Payments to Noncontrolling Interests (1.4)   0.0
Payment of debt issuance costs 0.0   (2.7)
Payment of acquired long-term debt 0.0   (2.5)
Payment of deferred acquisition consideration (16.6)   0.0
Accelerated share repurchase agreement (205.0)   0.0
Repurchase of common stock (80.9)   (147.0)
Proceeds from issuance of common stock pursuant to employee stock plans 18.7   13.5
Payment of minimum tax withholdings on net share settlements of equity awards (10.9)   (11.6)
Payments under finance lease obligations (0.4)   (0.4)
Net cash used in financing activities (289.9)   (328.2)
Effect of exchange rate changes on cash and cash equivalents 1.4   (1.3)
Net decrease in cash and cash equivalents (220.3)   (355.6)
Cash and cash equivalents, beginning of period   $ 311.1 666.7
Cash and cash equivalents, end of period $ 381.5   $ 311.1