XML 20 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net income $ 89.5 $ 78.4
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 127.8 56.2
Deferred income taxes 13.4 (5.4)
Stock-based compensation 6.7 5.5
Pensions and other postretirement benefits, net of contributions 1.6 (1.7)
Loss on disposal of property, plant and equipment, net 0.4 0.5
Debt refinancing and redemption costs 10.3 0.0
Changes in operating assets and liabilities, net of amounts acquired    
Accounts receivable (191.0) (137.6)
Inventories (8.7) 3.0
Accounts payable and accrued expenses 60.8 91.8
Deferred revenue (2.1) 1.8
Other assets and liabilities (41.8) (30.2)
Net cash provided by operating activities 66.9 62.3
Investing activities    
Purchases of property, plant and equipment (130.8) (34.9)
Proceeds from sale of property, plant and equipment 0.4 0.8
Purchase buyouts of leased equipment (0.5) (2.3)
Proceeds from sale of business, net 0.0 5.9
Acquisition of business, net of cash acquired (1.3) (144.1)
Net cash used in investing activities (132.2) (174.6)
Financing activities    
Payments of long-term debt and capital lease obligations (396.9) (10.2)
Proceeds from issuance of long-term debt 431.4 1,209.4
Debt issuance costs (6.8) (21.2)
Purchase of noncontrolling interest (0.9) 0.0
Purchase of treasury stock (3.5) (5.2)
Net cash provided by financing activities 23.3 1,172.8
Effect of exchange rate changes on cash 5.9 1.7
Net increase (decrease) in cash and cash equivalents (36.1) 1,062.2
Cash and cash equivalents at beginning of period 376.8 481.2
Cash and cash equivalents at end of period 340.7 1,543.4
Supplemental cash flow information    
Interest paid 27.2 17.9
Income taxes paid, net of refunds $ 11.2 $ 4.7