XML 16 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
Cash flows from operating activities:    
Net earnings $ 174.3 $ 134.2
Adjustments to reconcile net earnings to net cash provided by operating activities, net of acquisition:    
Depreciation of property and equipment 32.4 29.9
Loss (gain) on sale of property and equipment 0.4 (0.4)
Bad debt expense 1.3 2.2
Deferred income taxes 12.1 0.4
Stock-based compensation 1.4 1.2
Amortization of intangible assets 1.0 0.8
Changes in operating assets and liabilities, net of acquisition:    
Trade accounts receivable (82.4) (70.0)
Inventories (41.2) 1.4
Other current assets 18.4 8.2
Accounts payable 0.6 17.6
Accrued expenses 5.7 7.1
Income taxes 35.6 78.4
Other 0.1 (0.6)
Net cash provided by operating activities 159.7 210.4
Cash flows from investing activities:    
Purchases of property and equipment (31.5) (21.2)
Proceeds from sale of property and equipment 2.7 2.1
Cash paid for acquisition 0.0 (57.9)
Other (0.1) 1.9
Net cash used in investing activities (28.9) (75.1)
Cash flows from financing activities:    
Proceeds from debt obligations 180.0 240.0
Payments against debt obligations (190.0) (265.0)
Proceeds from exercise of stock options 3.8 2.9
Payments of dividends (106.4) (92.6)
Net cash used in financing activities (112.6) (114.7)
Effect of exchange rate changes on cash and cash equivalents 2.0 1.0
Net increase in cash and cash equivalents 20.2 21.6
Cash and cash equivalents at beginning of period 116.9 112.7
Cash and cash equivalents at end of period 137.1 134.3
Supplemental disclosure of cash flow information:    
Cash paid for interest 2.7 1.5
Net cash paid (received) for income taxes $ 9.6 $ (2.2)