XML 27 R9.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Statement Of Cash Flows [Abstract]      
Net (loss) income $ (4.0) $ 78.7 $ (61.1)
Loss from discontinued operations     25.8
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:      
Deferred income tax benefit (7.0) (69.4) (16.1)
Depreciation and amortization 51.8 57.1 56.6
Amortization of debt issuance costs and debt discount 1.2 1.2 2.1
Loss on debt extinguishment     25.7
Lease abandonment costs 16.8    
Net periodic pension and postretirement cost 3.3 5.2 2.7
Provision for doubtful accounts 2.0 3.2 0.7
Share-based compensation 65.8 36.5 23.2
Other 1.0 (0.4) (0.4)
Changes in operating assets and liabilities excluding effects of acquisitions and divestitures:      
Trade and other receivables (12.0) (16.4) (3.6)
Prepaid expenses and other current assets (6.8) (8.0) 0.6
Accounts payable and other accrued expenses (1.4) 3.8 (6.4)
Deferred revenue (1.2) 0.8 7.0
Employee compensation and benefits (104.0) (11.1) (22.1)
Accrued interest     (15.7)
Accrued taxes (3.7) (11.1) 8.4
Other assets and liabilities (32.0) (19.5) (16.7)
Net cash (used in) provided by operating activities—continuing operations (30.2) 50.6 10.7
Net cash used in operating activities—discontinued operations     (1.2)
Net cash (used in) provided by operating activities (30.2) 50.6 9.5
Cash Flows from Investing Activities      
Purchase of customer trust funds marketable securities (212.4) (408.4) (855.2)
Proceeds from sale and maturity of customer trust funds marketable securities 369.3 374.5 844.3
Expenditures for property, plant, and equipment (18.1) (16.3) (8.0)
Expenditures for software and technology (41.7) (38.9) (32.2)
Acquisition costs, net of cash acquired (58.3) (30.2)  
Net cash provided by (used in) investing activities 38.8 (119.3) (51.1)
Cash Flows from Financing Activities      
Increase (decrease) in customer trust funds obligations, net 483.6 529.9 (1,415.1)
Net proceeds from issuance of stock     595.0
Repayment of long-term debt obligations (10.0) (7.2) (1,134.0)
Proceeds from revolving credit facility 295.0    
Repayment of revolving credit facility (295.0)    
Proceeds from issuance of common stock under share-based compensation plans 91.7 87.0 45.8
Proceeds from debt issuance     680.0
Payment of debt refinancing costs     (23.3)
Net cash provided by (used in) financing activities 565.3 609.7 (1,251.6)
Effect of Exchange Rate Changes on Cash (4.0) 11.3 (12.8)
Net increase (decrease) in cash and equivalents 569.9 552.3 (1,306.0)
Elimination of cash from discontinued operations     0.5
Cash, restricted cash, and equivalents at beginning of period 1,658.6 1,106.3 2,411.8
Cash, restricted cash, and equivalents at end of period 2,228.5 1,658.6 1,106.3
Reconciliation of cash, restricted cash, and equivalents to the consolidated balance sheets      
Cash and equivalents 188.2 281.3 217.8
Restricted cash and equivalents included in customer trust funds 2,040.3 $ 1,377.3 $ 888.5
Restricted Cash and Cash Equivalents, Current, Asset, Statement of Financial Position [Extensible List]   us-gaap:FundsHeldForClients us-gaap:FundsHeldForClients
Cash, restricted cash, and equivalents at end of period 2,228.5 $ 1,658.6 $ 1,106.3
Supplemental Cash Flow Information:      
Cash paid for interest 26.7 37.4 74.5
Cash paid for income taxes 4.2 36.2 21.1
Cash received from income tax refunds $ 9.6 $ 0.3 $ 4.4