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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net earnings from continuing operations $ 1,549.3 $ 1,368.4 $ 985.6
Adjustments to reconcile net earnings from continuing operations to cash flows from operating activities:      
Depreciation and amortization of property, plant and equipment 37.1 35.4 37.3
Amortization of intangible assets 775.7 719.8 612.8
Amortization of deferred financing costs 9.8 9.9 11.8
Non-cash stock compensation 145.9 123.5 118.5
Equity investments gain, net (234.6) (165.4) 0.0
Income tax provision 417.9 374.7 296.4
Changes in operating assets and liabilities, net of acquired businesses:      
Accounts receivable 14.4 (50.2) 2.5
Unbilled receivables (18.5) (7.5) (11.1)
Inventories (1.9) (6.6) (43.1)
Prepaid expenses and other current assets (19.5) (4.3) (12.8)
Accounts payable (13.0) 18.2 21.3
Other accrued liabilities 109.3 (1.0) (7.6)
Deferred revenue 110.7 93.9 52.9
Cash taxes paid for gain on disposal of businesses 0.0 (32.5) (953.8)
Cash income taxes paid, excluding tax associated with gain on disposal of businesses (483.8) (423.4) (498.9)
Other, net (5.6) (15.5) (5.2)
Cash provided by operating activities from continuing operations 2,393.2 2,037.4 606.6
Cash provided by (used in) operating activities from discontinued operations 0.0 (2.3) 128.0
Cash provided by operating activities 2,393.2 2,035.1 734.6
Cash flows from (used in) investing activities:      
Acquisitions of businesses, net of cash acquired (3,612.9) (2,052.7) (4,280.1)
Capital expenditures (66.0) (68.0) (40.1)
Capitalized software expenditures (45.0) (40.0) (30.2)
Distributions from equity investment 10.8 32.5 0.0
Proceeds from sale of equity investment 245.6 0.0 0.0
Other, net (1.0) (0.1) (1.4)
Cash used in investing activities from continuing operations (3,468.5) (2,128.3) (4,351.8)
Cash provided by disposition of discontinued operations 0.0 2.0 5,561.8
Cash used in investing activities from discontinued operations 0.0 0.0 (0.5)
Cash provided by (used in) investing activities (3,468.5) (2,126.3) 1,209.5
Cash flows from (used in) financing activities:      
Proceeds from senior notes 2,000.0 0.0 0.0
Payments of senior notes (500.0) (700.0) (800.0)
Borrowings (payments) under revolving line of credit, net (235.0) 360.0 (470.0)
Debt issuance costs (24.6) 0.0 (3.9)
Cash dividends to stockholders (321.9) (290.2) (262.3)
Treasury stock sales 18.5 15.5 14.3
Proceeds from stock-based compensation, net 88.6 115.2 68.2
Other, net 43.9 0.0 (0.2)
Cash provided by (used in) financing activities from continuing operations 1,069.5 (499.5) (1,453.9)
Cash used in financing activities from discontinued operations 0.0 0.0 (11.4)
Cash provided by (used in) financing activities 1,069.5 (499.5) (1,465.3)
Effect of exchange rate changes on cash (20.3) 12.2 (37.5)
Net increase (decrease) in cash and cash equivalents (26.1) (578.5) 441.3
Cash and cash equivalents, beginning of year 214.3 792.8 351.5
Cash and cash equivalents, end of year 188.2 214.3 792.8
Supplemental disclosures:      
Cash paid for interest 239.9 201.9 206.5
Net assets of businesses acquired:      
Fair value of assets, including goodwill 3,935.4 2,235.1 4,891.8
Liabilities assumed (322.5) (182.4) (611.7)
Cash paid, net of cash acquired $ 3,612.9 $ 2,052.7 $ 4,280.1