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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 766.7 $ 715.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 65.4 57.5
Non-cash operating lease cost 18.7  
Stock-based compensation (Note 9) 62.9 55.0
Inventory write off 73.1 0.0
Change in fair value of contingent consideration liabilities, net (Note 7) 12.4 8.3
Deferred income taxes 9.5 29.8
Purchase of intellectual property (Note 4) 24.0 0.0
Other (4.8) 3.0
Changes in operating assets and liabilities:    
Accounts and other receivables, net (70.3) (0.3)
Inventories (83.9) (43.5)
Accounts payable and accrued liabilities (109.2) 4.0
Income taxes 17.0 (208.6)
Prepaid expenses and other current assets (2.5) 10.9
Other 1.0 2.5
Net cash provided by operating activities 780.0 633.8
Cash flows from investing activities    
Capital expenditures (182.9) (181.1)
Purchases of held-to-maturity investments (Note 5) (30.0) (190.0)
Proceeds from held-to-maturity investments (Note 5) 50.0 388.1
Purchases of available-for sale investments (Note 5) (95.0) (115.3)
Proceeds from available-for-sale investments (Note 5) 278.3 193.1
Investments in intangible assets (Note 4) (24.0) (3.0)
Payment of contingent consideration 0.0 (10.0)
Acquisition (Note 6) (100.2) 0.0
Payment for acquisition option (35.0) 0.0
Other (11.7) (10.8)
Net cash (used in) provided by investing activities (150.5) 71.0
Cash flows from financing activities    
Proceeds from issuance of debt, net 12.0 686.4
Payments on debt and capital lease obligations (23.7) (524.1)
Purchases of treasury stock (263.3) (523.5)
Proceeds from stock plans 125.5 119.3
Payment of contingent consideration 0.0 (15.1)
Other (3.1) 0.5
Net cash used in financing activities (152.6) (256.5)
Effect of currency exchange rate changes on cash and cash equivalents (4.4) (5.3)
Net increase in cash and cash equivalents 472.5 443.0
Cash and cash equivalents at beginning of period 714.1 818.3
Cash and cash equivalents at end of period $ 1,186.6 $ 1,261.3