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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 338.2 $ 310.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 32.4 24.5
Non-cash operating lease cost 7.3 6.7
Stock-based compensation (Note 6) 28.2 23.9
Change in fair value of contingent consideration liabilities (Note 4) (4.5) (2.2)
Deferred income taxes 10.8 3.6
Other (2.7) 14.7
Changes in operating assets and liabilities:    
Accounts and other receivables, net (89.5) (4.2)
Inventories 2.5 (35.2)
Accounts payable and accrued liabilities (9.3) (144.4)
Income taxes 14.1 32.2
Prepaid expenses and other current assets (5.4) (5.5)
Litigation settlement accrual 1.6 0.0
Other (23.2) (17.6)
Net cash provided by operating activities 300.5 207.1
Cash flows from investing activities    
Capital expenditures (106.0) (82.2)
Purchases of held-to-maturity investments (Note 3) 0.0 (112.0)
Proceeds from held-to-maturity investments (Note 3) 50.0 100.2
Purchases of available-for-sale investments (Note 3) (77.4) (150.9)
Proceeds from available-for-sale investments (Note 3) 86.8 127.8
Issuances of notes receivable (3.6) (16.6)
Other 0.5 (1.0)
Net cash used in investing activities (49.7) (134.7)
Cash flows from financing activities    
Proceeds from issuance of debt 4.5 7.9
Payments on debt and finance lease obligations (4.9) (8.2)
Purchases of treasury stock (302.6) (614.8)
Proceeds from stock plans 31.6 29.1
Other (2.9) (0.4)
Net cash used in financing activities (274.3) (586.4)
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash 14.2 (2.1)
Net decrease in cash, cash equivalents, and restricted cash (9.3) (516.1)
Cash, cash equivalents, and restricted cash at beginning of period 1,200.2 1,184.4
Cash, cash equivalents, and restricted cash at end of period $ 1,190.9 $ 668.3