XML 50 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2015
Oct. 03, 2014
Cash flow from operating activities:    
Net income $ 96.8 $ 158.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 27.0 24.1
Amortization expense 122.2 117.8
Provision for doubtful accounts 1.7 2.9
Deferred income taxes (0.5) (1.2)
Stock-based compensation 37.3 32.1
Income from equity method investments (14.1) (11.5)
Gain on an equity sale 0.0 (15.1)
Acquisition / divestiture gain (loss) (5.8) 6.0
Excess tax benefit for stock-based compensation (1.4) (14.1)
Provision for excess and obsolete inventories 5.1 3.5
Other non-cash items 9.0 (0.6)
Add decrease (increase) in assets:    
Accounts receivable 12.3 (12.7)
Other receivables 6.5 (4.7)
Inventories (6.4) (27.2)
Other current and non-current assets (9.5) (12.9)
Add increase (decrease) in liabilities:    
Accounts payable (6.9) (6.8)
Accrued compensation and benefits (15.4) (9.3)
Deferred revenue 38.6 41.9
Accrued warranty expense (1.4) 2.7
Other liabilities (18.7) 37.6
Net cash provided by operating activities 276.4 310.5
Cash flow from investing activities:    
Acquisitions of businesses, net of cash acquired (101.7) (170.9)
Acquisitions of property and equipment (35.7) (35.0)
Purchases of equity investments (3.6) (10.9)
Acquisitions of intangible assets (0.1) (7.0)
Net proceeds from sale of business 12.1 0.0
Dividends received from equity investments 15.3 25.9
Other 0.3 (4.5)
Net cash used in investing activities (113.4) (202.4)
Cash flow from financing activities:    
Issuances of common stock, net of tax withholding 29.1 53.6
Payments related to repurchases of common stock (234.4) (65.0)
Excess tax benefit for stock-based compensation 1.4 14.1
Proceeds from debt and revolving credit lines 458.0 42.0
Payments on debt and revolving credit lines (431.1) (153.3)
Net cash used in financing activities (177.0) (108.6)
Effect of exchange rate changes on cash and cash equivalents (10.4) (7.2)
Net decrease in cash and cash equivalents (24.4) (7.7)
Cash and cash equivalents, beginning of period 148.0 147.2
Cash and cash equivalents, end of period $ 123.6 $ 139.5