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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income $ 611.1 $ 365.5 $ 250.1
Reconciliation of net income to cash flows provided by operating activities:      
Depreciation 86.4 84.9 75.1
Amortization 104.2 84.2 62.7
Impairment charges 0.0 0.0 141.5
Stock-based compensation, net of tax benefit 23.9 13.2 (2.6)
Deferred taxes (0.8) (58.5) (25.0)
Gain on sale of discontinued operations, net of tax (250.4) 0.0 0.0
Other operating activities, net (18.8) 13.9 (6.0)
Changes in assets and liabilities, excluding effects of acquisitions:      
Receivables (54.5) (53.9) 0.3
Inventories (29.0) (48.5) (12.2)
Prepaid expenses and other assets (2.0) (20.1) (9.2)
Accounts payable (39.5) 42.7 21.6
Accrued expenses (99.9) 20.6 23.1
Deferred revenues 11.8 19.3 11.7
Other long-term liabilities (3.3) (4.6) 0.1
Net cash provided by operating activities 339.2 458.7 531.2
Investing activities      
Proceeds from sale of discontinued operation 758.0 0.0 0.0
Acquisitions, net of cash acquired (19.5) (934.3) (185.5)
Capital expenditures (120.7) (159.9) (108.8)
Other investing activities, net 11.4 (0.1) 0.9
Net cash used in investing activities 629.2 (1,094.3) (293.4)
Financing activities      
Proceeds from revolving credit facility 0.0 1,189.0 0.0
Repayments of revolving credit facility 0.0 (1,189.0) 0.0
Proceeds from notes 0.0 997.2 0.0
Repayments of notes 0.0 0.0 (150.0)
Repurchases of common stock (459.8) (268.4) (75.0)
Dividends paid (93.5) (92.1) (84.5)
Financing costs 0.0 (8.3) 0.0
Proceeds from exercise of stock options, net 12.6 (1.2) 48.4
Net cash (used in) provided by financing activities (540.7) 627.2 (261.1)
Effect of foreign currency exchange rate changes on cash and cash equivalents (1.1) 2.7 (2.1)
Change in cash and cash equivalents 426.6 (5.7) (25.4)
Less: change in cash and cash equivalents of discontinued operations 1.3 1.0 0.3
Cash and cash equivalents      
Beginning of period 378.3 385.0 410.7
End of period $ 803.6 $ 378.3 $ 385.0