XML 18 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 92.6 $ 78.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 43.0 46.6
Stock-based compensation 16.9 23.3
Other 3.5 8.5
Changes in operating assets and liabilities:    
Accounts receivable 40.5 1.0
Prepaid expenses and income taxes 13.5 (5.3)
Accounts payable (0.2) (21.0)
Accrued payroll and contract professional pay (0.1) 0.5
Income taxes payable 16.7 10.0
Operating lease right of use assets 14.4 13.9
Operating lease liabilities (14.6) (13.7)
Other 24.0 (1.3)
Net Cash Provided by Operating Activities 250.2 140.5
Cash Flows from Investing Activities:    
Cash paid for property and equipment (22.6) (15.9)
Cash paid for acquisitions, net of cash acquired (85.5) (48.5)
Other (0.3) (0.9)
Net cash used in investing activities (108.4) (65.3)
Cash Flows from Financing Activities:    
Proceeds from long-term debt 65.5 50.0
Principal payments of long-term debt (65.5) (127.0)
Payments of Debt Issuance Costs (1.3) 0.0
Proceeds from option exercises and employee stock purchase plan 5.9 6.9
Payment of employment taxes related to release of restricted stock awards (5.9) (6.8)
Payments for Repurchase of Common Stock (27.9) 0.0
Net Cash provided by (used in) Financing Activities (29.2) (76.9)
Effect of exchange rate changes on cash and cash equivalents 0.1 0.0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 112.7 (1.7)
Cash and Cash Equivalents at Beginning of Year 95.2 41.8
Cash and Cash Equivalents at End of Period 207.9 40.1
Supplemental Disclosure of Cash Flow Information:    
Income taxes 5.3 21.0
Interest 19.7 25.4
Supplemental Disclosure of Non-Cash Transactions:    
Unpaid portion of additions to property and equipment 4.2 1.1
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability $ 10.4 $ 7.6