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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 373.6 $ 338.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34.7 32.4
Non-cash operating lease cost 7.1 7.3
Stock-based compensation (Note 6) 32.4 28.2
Change in fair value of contingent consideration liabilities (Note 4) (2.9) (4.5)
Deferred income taxes (42.6) 10.8
Other 20.4 (2.7)
Changes in operating assets and liabilities:    
Accounts and other receivables, net (57.8) (89.5)
Inventories (24.0) 2.5
Accounts payable and accrued liabilities (109.2) (9.3)
Income taxes 82.9 14.1
Prepaid expenses and other current assets 1.7 (5.4)
Litigation settlement accrual (10.0) 1.6
Other (13.0) (23.2)
Net cash provided by operating activities 293.3 300.5
Cash flows from investing activities    
Capital expenditures (72.7) (106.0)
Purchases of held-to-maturity investments (Note 3) (128.0) 0.0
Proceeds from held-to-maturity investments (Note 3) 130.0 50.0
Purchases of available-for-sale investments (Note 3) (74.1) (77.4)
Proceeds from available-for-sale investments (Note 3) 372.0 86.8
Issuances of notes receivable (10.5) (3.6)
Collections of notes receivable 18.0 0.0
Other (5.2) 0.5
Net cash provided by (used in) investing activities 229.5 (49.7)
Cash flows from financing activities    
Proceeds from issuance of debt 0.0 4.5
Payments on debt and finance lease obligations 0.0 (4.9)
Purchases of treasury stock (405.6) (302.6)
Proceeds from stock plans 37.5 31.6
Other 0.0 (2.9)
Net cash used in financing activities (368.1) (274.3)
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash 13.2 14.2
Net increase (decrease) in cash, cash equivalents, and restricted cash 167.9 (9.3)
Cash, cash equivalents, and restricted cash at beginning of period 867.4 1,200.2
Cash, cash equivalents, and restricted cash at end of period $ 1,035.3 $ 1,190.9