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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net income $ 712.7 $ 449.9 $ 598.7
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of fixed assets 192.2 185.7 165.3
Amortization of intangible assets 165.9 138.0 130.8
Amortization of debt issuance costs and original issue discount, net of original issue premium 1.8 3.9 4.2
Provision for doubtful accounts 13.1 7.2 5.6
Realized gain on subordinated promissory note 0.0 0.0 (12.3)
Other operating (income) expenses (19.4) 6.2 0.0
Stock-based compensation expense 47.6 42.7 38.5
Realized (gain) loss on available-for-sale securities, net 0.0 (0.9) 0.1
Deferred income taxes 31.1 (29.3) 18.3
Loss on disposal of fixed assets, net 0.6 0.3 0.3
Changes in assets and liabilities, net of effects from acquisitions:      
Accounts receivable 1.8 (70.3) (17.4)
Prepaid expenses and other assets (66.5) (19.7) (28.2)
Operating lease right-of-use assets, net 43.1 51.3 0.0
Income taxes (0.5) 15.0 (2.9)
Acquisition-related liabilities (77.0) 70.4 9.7
Accounts payable and accrued liabilities 24.3 150.9 58.1
Deferred revenues 21.2 11.4 0.8
Operating lease liabilities (29.6) (49.5) 0.0
Other liabilities 5.8 (6.9) (35.2)
Net cash provided by operating activities 1,068.2 956.3 934.4
Cash flows from investing activities:      
Acquisitions, net of cash acquired of $11.1 million, $10.4 million and $3.1 million, respectively (275.8) (699.2) (138.2)
Proceeds from sale of assets 23.1 0.0 0.0
Investments in non-public companies (94.8) 0.0 0.0
Escrow funding associated with acquisitions (9.3) (4.5) (14.9)
Proceeds from subordinated promissory note 0.0 0.0 121.4
Capital expenditures (246.8) (216.8) (231.0)
Other investing activities, net 7.8 (7.4) (2.7)
Net cash used in investing activities (595.8) (927.9) (265.4)
Cash flows from financing activities:      
(Repayment) proceeds of short-term debt, net (445.0) 80.0 (300.0)
Repayments of current portion of long-term debt 0.0 (250.0) 0.0
Proceeds from issuance of long-term debt, inclusive of original issue premium and net of original issue discount 494.8 619.7 0.0
Proceeds from issuance of short-term debt with original maturities greater than three months 20.0 0.0 0.0
Repayment of short-term debt with original maturities greater than three months (20.0) 0.0 0.0
Payment of debt issuance costs (5.7) (6.3) 0.0
Repurchases of common stock (348.8) (300.0) (438.6)
Net share settlement of taxes from restricted stock awards (4.1) (5.5) (3.7)
Payment of contingent liability related to acquisition (34.2) 0.0 0.0
Proceeds from stock options exercised 88.0 52.4 87.3
Dividends paid (175.8) (163.5) 0.0
Other financing activities, net (14.4) (15.9) (14.8)
Net cash (used in) provided by financing activities (445.2) 10.9 (669.8)
Effect of exchange rate changes 6.7 6.1 (2.0)
Net increase (decrease) in cash and cash equivalents, including cash classified within current assets held for sale 33.9 45.4 (2.8)
Less: Increase (decrease) in cash classified within current assets held for sale 0.3 (0.3) 0.0
Increase (decrease) in cash and cash equivalents 34.2 45.1 (2.8)
Cash and cash equivalents, beginning of period 184.6 139.5 142.3
Cash and cash equivalents, end of period 218.8 184.6 139.5
Supplemental disclosures:      
Income taxes paid 156.5 139.8 103.2
Interest paid 134.3 119.9 125.2
Noncash investing and financing activities:      
Deferred tax liability established on date of acquisitions 13.0 43.4 5.6
Right-of-use assets obtained in exchange for new operating lease liabilities 0.0 247.6 0.0
Finance lease additions 30.9 20.2 21.3
Operating lease additions, net of terminations 87.8 13.7 0.0
Tenant improvements included in Operating lease right-of-use assets, net 0.0 1.7 0.3
Gain on sale of assets included in other current and long-term assets 3.5 0.0 0.0
Fixed assets included in accounts payable and accrued liabilities 0.8 1.6 0.3
Non-cash contribution of assets for a non-public company 65.9 0.0 0.0
Dividend payable included in other liabilities $ 0.7 $ 0.6 $ 0.0