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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net income $ 614.4 $ 954.3 $ 666.3
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization of fixed assets 206.8 197.1 206.9
Amortization of intangible assets 74.6 142.9 176.7
Amortization of debt issuance costs and original issue discount, net of original issue premium 1.5 1.1 1.4
Provision for doubtful accounts 8.7 7.0 17.7
Loss (gain) on sale of assets, net 131.1 (393.9) 0.0
Impairment of cost-based investments 6.5 0.0 0.0
Stock-based compensation expense 54.0 56.5 55.7
Impairment of long-lived assets 0.0 377.4 134.0
Deferred income taxes 52.7 (261.0) 49.8
Loss on disposal of fixed assets, net 3.8 1.1 0.4
Acquisition related liability adjustment (20.0) 0.0 0.0
Changes in assets and liabilities, net of effects from acquisitions:      
Accounts receivable (83.0) (57.7) (29.7)
Prepaid expenses and other assets (56.9) (8.4) (33.6)
Operating lease right-of-use assets, net 26.8 46.6 41.3
Income taxes (55.8) 25.6 (5.7)
Accounts payable and accrued liabilities 46.5 (21.2) (80.8)
Deferred revenues 81.2 64.5 32.4
Operating lease liabilities (27.1) (43.9) (41.3)
Other liabilities (5.1) (29.0) (35.8)
Net cash provided by operating activities 1,060.7 1,059.0 1,155.7
Cash flows from investing activities:      
Acquisitions and purchases of controlling interests, net of cash acquired of $8.0, $17.4, and $9.3, respectively (83.3) (448.9) (289.8)
Proceeds from sale of businesses 3,066.4 1,073.3 0.0
Investments in nonpublic companies (2.2) (46.0) (23.6)
Escrow funding associated with acquisitions (3.8) (2.3) (9.2)
Capital expenditures (230.0) (274.7) (268.4)
Payment of contingent liability related to acquisitions 0.0 0.0 (1.2)
Other investing activities, net (0.6) 0.0 0.2
Net cash provided by (used in) investing activities 2,746.5 301.4 (592.0)
Cash flows from financing activities:      
(Repayment of) proceeds from short-term debt, net (1,265.0) 380.0 560.0
Repayments of current portion of long-term debt 0.0 (350.0) (450.0)
Proceeds from issuance of long-term debt, inclusive of original issue premium and net of original issue discount 495.2 0.0 0.0
Proceeds from issuance of short-term debt with original maturities less than three months 0.0 400.0 0.0
Repayment of short-term debt with original maturities greater than three months (125.0) 0.0 0.0
Payment of debt issuance costs (6.0) 0.0 0.0
Repurchases of common stock (2,762.3) (1,662.5) (475.0)
Net share settlement of taxes from restricted stock and performance share awards (15.3) (20.7) (11.8)
Proceeds from stock options exercised 141.9 132.5 84.3
Treasury stock shares repurchased not yet settled (37.5) 0.0 0.0
Dividends paid (196.8) (195.2) (188.2)
Other financing activities, net (15.7) (14.3) (18.2)
Net cash used in financing activities (3,786.5) (1,330.2) (498.9)
Effect of exchange rate changes (10.7) (17.8) (3.3)
Increase in cash and cash equivalents 10.0 12.4 61.5
Cash and cash equivalents, beginning of period 292.7 280.3 218.8
Cash and cash equivalents, end of period 302.7 292.7 280.3
Supplemental disclosures:      
Income taxes paid 276.0 324.5 175.0
Interest paid 111.2 134.3 129.0
Noncash investing and financing activities:      
Deferred tax liability established on date of acquisitions 8.7 14.0 21.0
Net assets sold as part of the dispositions, net of cash sold 3,211.8 0.0 0.0
Finance lease additions, net of disposals 45.6 5.2 7.0
Operating lease additions, net of terminations 34.3 21.7 22.4
Fixed assets included in accounts payable and accrued liabilities $ 2.2 $ 0.2 $ 5.3