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Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
[1]
Cash flows from operating activities:    
Net earnings $ 286.0 $ 242.0
Adjustments to reconcile net earnings to net cash (used) provided by operating activities:    
Net gain on investments and other (2.0) (1.4)
Depreciation and amortization 98.8 93.8
Change in estimated acquisition earnout payables 7.4 11.8
Amortization of deferred compensation and restricted stock 9.9 6.2
Stock-based and other noncash compensation expense 4.8 4.1
Payments on acquisition earnouts in excess of original estimates (9.0) (9.1)
Effect of changes in foreign exchange rates 1.3 1.5
Net change in premiums receivable (1,505.4) (1,559.4)
Net change in deferred revenue 29.3 22.3
Net change in premiums payable to underwriting enterprises 979.4 1,119.0
Net change in other current assets 119.1 98.2
Net change in accrued compensation and other currrent liabilities (165.4) 65.4
Net change in income taxes payable 16.2 (5.9)
Net change in deferred income taxes (75.6) (44.0)
Net change in other noncurrent assets and liabilities (12.4) (29.0)
Net cash (used) provided by operating activities (217.6) 15.5
Cash flows from investing activities:    
Capital expenditures (31.1) (29.3)
Cash paid for acquisitions, net of cash and restricted cash acquired (57.3) (137.1)
Net proceeds from sales of operations/books of business 2.2 1.4
Net funding of investment transactions (0.7) (5.2)
Net cash used by investing activities (86.9) (170.2)
Cash flows from financing activities:    
Payments on acquisition earnouts (9.4) (10.6)
Proceeds from issuance of common stock 32.3 20.3
Repurchases of common stock (11.3)  
Payments to noncontrolling interests (8.6) (7.6)
Dividends paid (76.1) (71.4)
Net borrowings on premium financing debt facility (30.3) (27.8)
Borrowings on line of credit facility 815.0 955.0
Repayments on line of credit facility (645.0) (838.0)
Settlements on terminated interest rate swaps 2.9  
Net cash provided by financing activities 69.5 19.9
Effect of changes in foreign exchange rates on cash and cash equivalents and restricted cash 38.7 19.2
Net decrease in cash, cash equivalents and restricted cash (196.3) (115.6)
Cash, cash equivalents and restricted cash at beginning of period 2,305.0 1,937.6
Cash, cash equivalents and restricted cash at end of period 2,108.7 1,822.0
Supplemental disclosures of cash flow information:    
Interest paid 28.0 30.1
Income taxes paid $ 11.6 $ 12.2
[1] See Note 3 - Revenues from Contracts with Customers for additional information about the restatements related to ASC 606.