XML 40 R7.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income including noncontrolling interest $ 131.5 $ 151.3
Adjustments to reconcile net income including noncontrolling interest to net cash provided by operating activities:    
Depreciation and amortization 44.9 41.9
Provision for bad debt 5.2 3.5
Share-based payment award compensation costs 13.2 11.3
Deferred income tax (benefit) provision (0.7) 8.3
Extinguishment of liabilities (6.9) (3.7)
Foreign currency losses, net (1.4) (6.0)
Other 2.3 (3.0)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable, net 260.1 (57.7)
Inventories 22.6 (11.6)
Prepaid expenses (9.9) 44.9
Short-term derivative assets, net 119.0 (64.4)
Other current assets (115.6) (36.9)
Cash collateral with financial counterparties 92.9 (30.9)
Other non-current assets 3.8 (2.7)
Accounts payable (213.4) 10.0
Customer deposits (13.5) 26.0
Accrued expenses and other current liabilities (13.6) 35.2
Non-current income tax, net and other long-term liabilities 4.7 13.6
Total adjustments 193.7 (22.2)
Net cash provided by operating activities 325.2 129.1
Cash flows from investing activities:    
Acquisition of businesses, net of cash acquired and other investments (82.0) (230.7)
Capital expenditures (36.4) (37.1)
Proceeds from the sale of fixed assets 5.3  
Escrow payment related to an assumed obligation of an acquired business   (21.7)
Purchase of investments (0.9) (1.2)
Repayment of notes receivable   0.5
Net cash used in investing activities (114.0) (290.2)
Cash flows from financing activities:    
Borrowings of debt 4,169.0 4,738.0
Repayments of debt (3,977.6) (4,455.5)
Payments of senior revolving credit facility and senior term loan facility loan costs (3.4)  
Dividends paid on common stock (11.1) (7.9)
Investment by noncontrolling interest (0.2) (0.2)
Distribution of noncontrolling interest 0.5  
Purchases of common stock (70.5) (10.0)
Purchases of common stock tendered by employees to satisfy the required withholding taxes related to share-based payment awards (6.8) (4.5)
Net cash provided by financing activities 99.9 259.9
Effect of exchange rate changes on cash and cash equivalents (3.8) (2.3)
Net increase in cash and cash equivalents 307.3 96.5
Cash and cash equivalents, as of beginning of period 302.3 292.1
Cash and cash equivalents, as of end of period $ 609.6 $ 388.6