XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net income $ 109.6 $ 139.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 49.8 39.8
Stock-based compensation 23.4 24.0
Other 3.4 5.1
Changes in operating assets and liabilities, net of effects of acquisitions and divestiture:    
Accounts receivable 24.7 (136.7)
Prepaid expenses and income taxes 6.8 23.7
Accounts payable (10.4) 12.1
Accrued payroll (19.3) 31.9
Income taxes payable 16.1 8.0
Other (11.1) (2.8)
Net cash provided by operating activities 193.0 144.4
Cash Flows from Investing Activities    
Cash paid for property and equipment (22.9) (18.4)
Cash received from the sale of a business 0.0 9.8
Other (0.6) 2.5
Net cash used in investing activities (23.5) (6.1)
Cash Flows from Financing Activities    
Proceeds from long-term debt 73.0 0.0
Repayments of Long-term Debt 104.5 0.0
Proceeds from employee stock purchase plan 11.1 10.4
Repurchases of common stock (106.4) (168.1)
Payment of employment taxes related to release of restricted stock awards (14.2) (11.3)
Payment of contingent consideration (5.0) (8.1)
Net cash used in financing activities (146.0) (177.1)
Effect of exchange rate changes on cash and cash equivalents 0.0 (0.2)
Net increase (decrease) in cash and cash equivalents 23.5 (39.0)
Cash and cash equivalents at beginning of year 70.3 529.6
Cash and cash equivalents at end of period 93.8 490.6
Supplemental Disclosure of Cash Flow Information    
Income taxes 8.0 17.7
Interest 30.1 18.4
Operating leases 13.2 13.6
Noncash transactions —    
Operating lease right of use assets obtained in exchange for operating lease liabilities $ 13.9 $ 9.8