XML 85 R6.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income $ 310.6 $ 249.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24.5 20.6
Non-cash operating lease cost 6.7 5.7
Stock-based compensation (Note 7) 23.9 20.8
Change in fair value of contingent consideration liabilities, net (Note 5) (2.2) 6.7
Deferred income taxes 3.6 5.8
Purchase of intellectual property (Note 3) 0.0 24.0
Other 14.7 (7.0)
Changes in operating assets and liabilities:    
Accounts and other receivables, net (4.2) (45.8)
Inventories (35.2) (29.4)
Accounts payable and accrued liabilities (144.4) (242.2)
Income taxes 32.2 (16.3)
Prepaid expenses and other current assets (5.7) 2.8
Other (17.5) 6.1
Net cash provided by operating activities 207.0 1.5
Cash flows from investing activities    
Capital expenditures (82.2) (42.2)
Purchases of held-to-maturity investments (Note 4) (112.0) (30.0)
Proceeds from held-to-maturity investments (Note 4) 100.2 20.0
Purchases of available-for sale investments (Note 4) (150.9) 0.0
Proceeds from available-for-sale investments (Note 4) 127.8 56.1
Investments in intangible assets (Note 3) 0.0 (16.8)
Investments in trading securities, net 0.3  
Investments in trading securities, net   (1.9)
Investments in unconsolidated affiliates, net (Note 4) (1.4) (1.3)
Payment for acquisition option 0.0 (35.0)
Issuances of notes receivable (16.6) (0.7)
Other 0.1 2.3
Net cash used in investing activities (134.7) (49.5)
Operating cash flows from operating leases 7.1 6.1
Cash flows from financing activities    
Proceeds from issuance of debt, net 7.9 3.7
Payments on debt and finance lease obligations (8.2) (4.0)
Purchases of treasury stock (614.8) (5.7)
Proceeds from stock plans 29.1 45.0
Other (0.4) 5.4
Net cash (used in) provided by financing activities (586.4) 44.4
Effect of currency exchange rate changes on cash and cash equivalents (2.1) (1.3)
Net decrease in cash and cash equivalents (516.2) (4.9)
Cash and cash equivalents at beginning of period 1,179.1 714.1
Cash and cash equivalents at end of period $ 662.9 $ 709.2