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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:        
Net income $ 204.9 $ 185.8 $ 524.5 $ 536.5
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization of fixed assets 52.1 49.4 153.9 141.3
Amortization of intangible assets 37.6 41.5 133.1 123.6
Amortization of debt issuance costs and original issue discount, net of original issue premium 0.4 0.5 1.1 1.3
Provision for doubtful accounts 4.3 1.4 13.0 6.8
Gain on sale of assets 0.0 0.0 0.0 (19.4)
Stock-based compensation expense 11.2 10.0 47.4 39.1
Deferred income taxes 1.3 12.4 33.9 10.9
Loss on disposal of fixed assets, net 0.1 0.1 0.1 0.5
Changes in assets and liabilities, net of effects from acquisitions:        
Accounts receivable (7.9) 26.8 (48.9) (3.6)
Prepaid expenses and other assets (4.4) (8.3) (27.5) (62.1)
Operating lease right-of-use assets, net 9.9 9.3 30.9 28.6
Income taxes 10.9 (63.3) 11.5 3.3
Accounts payable and accrued liabilities 49.2 39.2 29.2 (75.5)
Deferred revenues (71.2) (90.5) 116.5 94.3
Operating lease liabilities (10.5) (8.7) (31.0) (16.6)
Other liabilities (2.7) 1.5 (20.6) 10.2
Net cash provided by operating activities 285.2 207.1 967.1 819.2
Cash flows from investing activities:        
Acquisitions and purchase of controlling interest, net of cash acquired of $0.0 and $5.2; and $5.7 and $5.2, respectively (17.9) (151.9) (49.4) (151.9)
Proceeds from sale of assets 0.0 0.0 0.0 23.1
Investments in nonpublic companies (6.0) 0.0 (21.1) (63.8)
Escrow funding associated with acquisitions (2.4) (8.0) (7.2) (8.0)
Capital expenditures (61.4) (64.8) (183.1) (174.4)
Payment of contingent liability related to acquisitions 0.0 0.0 (1.2) 0.0
Other investing activities, net 0.0 5.7 0.8 10.3
Net cash used in investing activities (87.7) (219.0) (261.2) (364.7)
Cash flows from financing activities:        
Proceeds (repayments) from short-term debt, net 15.0 0.0 355.0 (495.0)
Repayment of current portion of long-term debt 0.0 0.0 (450.0) 0.0
Proceeds from issuance of short-term debt with original maturities greater than three months 0.0 0.0 0.0 20.0
Repayment of short-term debt with original maturities greater than three months 0.0 0.0 0.0 (20.0)
Proceeds from issuance of long-term debt, inclusive of original issue premium and net of original issue discount 0.0 0.0 0.0 494.8
Payment of debt issuance costs 0.0 (0.1) 0.0 (5.7)
Repurchases of common stock (150.0) (50.0) (400.0) (298.8)
Proceeds from stock options exercised 23.9 26.0 44.9 68.3
Net share settlement of taxes from restricted stock and performance share awards (0.2) 0.0 (11.2) (3.5)
Dividends paid (46.8) (43.9) (141.0) (131.8)
Payment of contingent liability related to acquisitions 0.0 0.0 0.0 (34.2)
Other financing activities, net (11.1) (8.5) (14.8) (13.0)
Net cash used in financing activities (169.2) (76.5) (617.1) (418.9)
Effect of exchange rate changes (2.5) 0.8 (5.5) 1.3
Net increase (decrease) in cash and cash equivalents 25.8 (87.6) 83.3 36.9
Cash and cash equivalents classified within current assets held for sale, beginning of period 0.0 0.0 0.0 0.3
Cash and cash equivalents, beginning of period 276.3 309.4 218.8 184.6
Cash and cash equivalents, end of period 302.1 221.8 302.1 221.8
Supplemental disclosures:        
Income taxes paid 45.8 107.1 144.7 132.8
Interest paid 21.2 19.2 90.9 82.9
Noncash investing and financing activities:        
Deferred tax liability established on date of acquisition 1.1 1.8 5.5 1.8
Finance lease additions 1.9 23.8 4.5 25.4
Operating lease additions, net of terminations 11.6 2.3 21.0 47.5
Fixed assets included in accounts payable and accrued liabilities 10.5 1.1 10.5 1.1
Gain on sale of assets included in other current and long-term assets 0.0 0.0 0.0 3.5
Held for sale assets contributed to a nonpublic company $ 0.0 $ 0.0 $ 0.0 $ 65.9