XML 27 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income $ 646.0 $ 780.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 71.3 68.8
Non-cash operating lease cost 13.7 13.9
Stock-based compensation (Note 9) 76.3 68.6
Change in fair value of contingent consideration liabilities (Note 7) (26.2) (23.8)
Loss (gain) on investments, net (3.5) 38.2
Deferred income taxes (134.7) (102.4)
Other 2.8 4.2
Changes in operating assets and liabilities:    
Accounts and other receivables, net (124.3) (77.7)
Inventories (113.7) (85.8)
Accounts payable and accrued liabilities 76.2 (81.7)
Income taxes 31.0 49.7
Prepaid expenses and other current assets (43.4) 25.7
Intellectual property agreement accrual (14.5) (19.7)
Long-term prepaid royalties (Note 3) (114.0) 0.0
Other 4.7 (32.5)
Net cash provided by operating activities 347.7 625.5
Cash flows from investing activities    
Capital expenditures (109.4) (115.8)
Purchases of held-to-maturity investments (Note 4) (15.5) (180.7)
Proceeds from held-to-maturity investments (Note 4) 83.5 277.5
Purchases of available-for-sale investments (Note 4) (6.8) (114.3)
Proceeds from available-for-sale investments (Note 4) 314.5 584.1
Business combination, net of cash (Note 6) (141.2) 0.0
Payment for acquisition options (Note 5) (15.0) (55.5)
Issuances of notes receivable (22.5) (45.5)
Collections of notes receivable 0.0 18.0
Other (16.9) (8.7)
Net cash provided by investing activities 70.7 359.1
Cash flows from financing activities    
Purchases of treasury stock (256.8) (760.7)
Proceeds from stock plans 102.7 86.5
Other (0.4) (2.0)
Net cash used in financing activities (154.5) (676.2)
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash 11.0 27.1
Net increase in cash, cash equivalents, and restricted cash 274.9 335.5
Cash, cash equivalents, and restricted cash at beginning of period 772.6 867.4
Cash, cash equivalents, and restricted cash at end of period $ 1,047.5 $ 1,202.9