XML 21 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Consolidated net income $ 246.1 $ 374.2
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Depreciation and amortization 123.6 120.2
Net change in recoverable customer engineering, development and tooling (15.3) 22.5
Net change in working capital items (see below) (287.5) (252.6)
Other, net (15.3) (27.5)
Net cash provided by operating activities 51.6 236.8
Cash Flows from Investing Activities:    
Additions to property, plant and equipment (122.8) (162.8)
Other, net 6.2 (25.3)
Net cash used in investing activities (116.6) (188.1)
Cash Flows from Financing Activities:    
Credit agreement repayments (1.6) (1.5)
Short-term borrowings, net 4.8 0.0
Repurchase of common stock (122.2) (145.4)
Dividends paid to Lear Corporation stockholders (49.5) (50.7)
Dividends paid to noncontrolling interests (31.3) (19.2)
Other, net (34.9) (55.8)
Net cash used in financing activities (234.7) (272.6)
Effect of foreign currency translation 0.8 18.0
Net Change in Cash, Cash Equivalents and Restricted Cash (298.9) (205.9)
Cash, Cash Equivalents and Restricted Cash as of Beginning of Period 1,519.8 1,500.4
Cash, Cash Equivalents and Restricted Cash as of End of Period 1,220.9 1,294.5
Changes in Working Capital Items:    
Accounts receivable (592.7) (460.7)
Inventories (8.0) (35.0)
Accounts payable 239.6 227.9
Accrued liabilities and other 73.6 15.2
Net change in working capital items (287.5) (252.6)
Supplementary Disclosure:    
Cash paid for interest 43.6 45.6
Cash paid for income taxes, net of refunds received $ 41.6 $ 63.6