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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 184.5 $ 209.0 $ 192.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 364.1 357.6 268.8
Loss (gain) on sale or disposal of fixed assets 1.5 (3.9) (1.4)
Gain on divestiture of business (92.2) 0.0 0.0
Loss on debt extinguishment or modification 6.3 0.4 0.0
Amortization of debt discount and issuance costs 12.0 2.8 1.4
Write-down of excess inventories 66.2 52.4 40.6
Non-cash share-based compensation expense 56.1 46.9 45.8
Non-cash interest on convertible notes 26.0 17.5 7.0
Non-cash asset impairment charges 0.5 0.2 6.5
Non-cash goodwill and intangible asset impairment charges 2.2 3.8 9.6
Payments for term debt modification (26.4) 0.0 0.0
Change in deferred taxes (38.1) (9.2) (18.8)
Other (4.6) (2.8) 1.8
Changes in assets and liabilities (exclusive of the impact of acquisitions):      
Receivables 28.1 (11.3) 20.5
Inventories (7.9) (72.5) (59.0)
Other assets (24.9) (10.2) (14.1)
Accounts payable 42.4 (32.2) (17.3)
Accrued expenses (15.3) (16.3) (11.3)
Deferred income on sales to distributors 0.1 (53.1) 24.6
Other long-term liabilities 0.6 (8.5) (15.5)
Net cash provided by operating activities 581.2 470.6 481.3
Cash flows from investing activities:      
Purchases of property, plant and equipment (210.7) (270.8) (204.3)
Proceeds from sales of property, plant and equipment 0.4 11.1 1.5
Deposits (made) utilized for purchases of property, plant and equipment (2.2) (1.4) 2.6
Purchase of businesses, net of cash acquired (2,284.0) (31.3) (423.7)
Cash placed in escrow (67.7) 0.0 (40.0)
Cash received from escrow 23.8 20.4 0.0
Purchase of cost method investment 0.0 0.0 (5.8)
Proceeds from divestiture of business 104.0 0.0 0.0
Proceeds from sale of available-for-sale securities 0.0 5.5 0.0
Proceeds from sale of held-to-maturity securities 0.0 2.8 116.9
Purchases of held-to-maturity securities 0.0 (0.8) (12.8)
Other 1.8 0.0 0.0
Net cash used in investing activities (2,434.6) (264.5) (565.6)
Cash flows from financing activities:      
Proceeds from issuance of common stock under the ESPP 15.0 14.6 10.0
Proceeds from exercise of stock options 14.9 27.1 24.9
Payments of tax withholding for restricted shares (12.3) (14.7) (9.1)
Repurchase of common stock 0.0 (348.2) (121.8)
Proceeds from debt issuance 2,586.9 816.5 346.4
Purchases of convertible note hedges 0.0 (108.9) 0.0
Proceeds from issuance of warrants 0.0 52.0 0.0
Payments of debt issuance and other financing costs (6.8) (20.4) 0.0
Repayment of long-term debt (313.8) (495.5) (90.6)
Payment of capital lease obligations (14.9) (22.3) (43.8)
Acquisition of non-controlling interest 0.0 0.0 (20.4)
Dividend to non-controlling shareholder of consolidated subsidiary (4.3) 0.0 (4.2)
Net cash (used in) provided by financing activities 2,264.7 (99.8) 91.4
Effect of exchange rate changes on cash and cash equivalents (0.8) (0.4) (4.9)
Net increase in cash and cash equivalents 410.5 105.9 2.2
Cash and cash equivalents, beginning of period 617.6 511.7 509.5
Cash and cash equivalents, end of period $ 1,028.1 $ 617.6 $ 511.7