Supplemental Cash Flow Information

12 Months Ended

Dec. 31, 2023

12. SUPPLEMENTAL CASH FLOW INFORMATION

The reconciliation of net income (loss) to net cash provided by operating activities is as follows (in millions):


	Year Ended December 31,
	2023		2022		2021
Net income (loss)	$	(637.3)	$	(3,627.5)	$	4,254.3
Adjustments to reconcile net income (loss)
to net cash provided by operating activities
Depreciation and amortization	145.9		137.3		137.6
Reduction in the carrying amount of right-of-use assets	46.5		39.9		39.3
Share-based compensation	61.3		60.9		51.2

Other-than-temporary impairment losses on investments	—		11.9		0.8
Current expected credit losses on loans	—		7.5		—
(Gains) losses from change in fair market value of equity securities and loan receivable	1,252.3		5,193.6		(4,926.2)


Gain on divestiture of a division	(2.5)		(1.4)		—
Payments for operating lease liabilities	(41.0)		(38.1)		(40.7)
Changes in fair value of contingent consideration	(18.1)		—		—
(Increase) decrease in accounts receivable	11.4		(87.4)		(20.4)
(Increase) decrease in inventories	(46.3)		(158.8)		46.1
(Increase) decrease in other current assets	5.6		(27.3)		(12.9)
Increase (decrease) in accounts payable and other current liabilities	(51.8)		(94.2)		69.9
Decrease in income taxes payable	(21.3)		(1.2)		(28.8)
Increase (decrease) in deferred income taxes	(322.6)		(1,241.6)		1,084.9
Increase in other long-term assets	(3.7)		(5.1)		(6.2)
Increase (decrease) in other long-term liabilities	(4.1)		5.6		10.5

Other	0.6		20.3		10.1
Net cash provided by operating activities	$	374.9	$	194.4	$	669.5

Non-cash investing activities:
Purchased property, plant and equipment	$	6.9	$	7.3	$	5.2
Purchased marketable securities and investments	$	0.4	$	—	$	6.0