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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net income $ 51.3 $ 34.3
Less: Income from discontinued operations 18.9 19.0
Income from continuing operations 32.4 15.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 66.1 55.2
Interest accretion of convertible notes discount 5.9 5.7
Employee share-based compensation expense 6.8 6.2
Financing costs amortization 3.2 2.0
Unrealized foreign currency transaction (gain) loss (3.1) 2.7
Unrealized loss (gain) on investment in equity securities 3.2 (2.6)
Other non-cash operating activities (2.0) 1.9
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 26.7 0.3
Inventories (26.6) (3.8)
Unbilled contract revenues and other assets (0.2) (11.6)
Accounts payable and other liabilities (15.6) (21.3)
Customer advances and billings in excess of contract revenue (2.6) (14.2)
Net Cash Provided By Operating Activities 94.2 35.8
INVESTING ACTIVITIES    
Capital expenditures (26.9) (26.0)
Acquisition of businesses, net of cash acquired 0.0 (603.9)
Proceeds from sale of assets 7.9 0.0
Investments [1] 0.0 (3.3)
Government grants 0.0 0.5
Net Cash Used In Investing Activities (19.0) (632.7)
FINANCING ACTIVITIES    
Borrowings on revolving credit facilities 94.5 202.6
Repayments on revolving credit facilities (167.1) (384.2)
Borrowings on term loan 0.0 450.0
Repayments on term loan (8.4) 0.0
Payments for debt issuance costs (1.0) (13.6)
Issuance of shares 0.0 295.8
Payments for equity issuance costs [1] 0.0 (9.5)
Proceeds from exercise of stock options 4.2 9.4
Common stock repurchases from share-based compensation plans (1.7) (2.8)
Common stock repurchases [2] (19.3) 0.0
Other financing activities 0.0 (0.5)
Net Cash (Used In) Provided By Financing Activities (98.8) 547.2
DISCONTINUED OPERATIONS    
Cash (Used in)/Provided by Operating Activities [3] 18.3 19.5
Cash Used in Investing Activities [4] (0.4) (0.7)
Cash Provided by Discontinued Operations 17.9 18.8
Effect of exchange rate changes on cash and cash equivalents 7.4 (6.5)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents 1.7 (37.4)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period [3] 120.0 119.1
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD [5] $ 121.7 $ 81.7
[1] Non-cash investing activities of $7.0 related to the conversion of a note receivable into an investment in equity securities during the nine months ended September 30, 2019 (See Note 5, “Investments”).
[2] Includes $19.3 in shares repurchased through our share repurchase program.
[3] Includes depreciation expense of $0.8 for both the nine months ended September 30, 2020 and 2019.
[4] Includes capital expenditures of $0.4 and $0.7 for the nine months ended September 30, 2020 and 2019, respectively.
[5] Includes restricted cash and restricted cash equivalents of $1.0 in other assets for each of the periods presented. For further information regarding restricted cash and restricted cash equivalents balances, refer to Note 9, “Debt and Credit Arrangements.”