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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income $ 185.9 $ 290.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Share-based compensation expense 197.6 153.9
Depreciation, amortization, and accretion 147.4 165.4
Deferred income taxes [1] (154.5) (173.2)
Operating lease assets expense 30.5 30.3
Gain on divestiture 0.0 (45.8)
Loss (gain) on privately-held investments, net [1],[2],[3] 92.0 (5.8)
Loss from equity method investment 5.9 2.6
Impairment of assets [1] 26.1 5.8
Other [1] (2.3) 10.1
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable, net 289.7 (34.3)
Inventory [1] (385.7) (256.4)
Prepaid expenses and other assets [1] 193.3 (206.4)
Accounts payable (21.9) 75.7
Accrued compensation (82.5) (85.9)
Income taxes payable 135.7 (11.2)
Other accrued liabilities 30.0 (4.6)
Deferred revenue 176.5 67.2
Net cash provided by (used in) operating activities 863.7 (22.0)
Cash flows from investing activities:    
Purchases of property and equipment (124.0) (73.4)
Proceeds from divestiture, net 0.0 89.1
Purchases of available-for-sale debt securities (28.1) (104.1)
Proceeds from sales of available-for-sale debt securities 28.2 102.3
Proceeds from maturities and redemptions of available-for-sale debt securities 175.1 330.7
Purchases of equity securities (5.5) (15.5)
Proceeds from sales of equity securities 11.0 3.8
Payments for business acquisitions, net of cash and cash equivalents acquired 0.0 (3.9)
Funding of loan receivable (7.7) 0.0
Other 1.8 2.2
Net cash provided by investing activities 50.8 331.2
Cash flows from financing activities:    
Repurchase and retirement of common stock (396.8) (226.8)
Proceeds from issuance of common stock 61.7 56.8
Payment of dividends (210.5) (202.8)
Payment of debt issuance costs (1.3) 0.0
Net cash used in financing activities (546.9) (372.8)
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash (4.1) (29.5)
Net increase (decrease) in cash, cash equivalents, and restricted cash 363.5 (93.1)
Cash, cash equivalents, and restricted cash at beginning of period 897.7 942.7
Cash, cash equivalents, and restricted cash at end of period 1,261.2 849.6
Non-cash investing activity:    
Equity method investment $ 0.0 $ 40.3
[1] The prior period amounts have been reclassified to conform to the current period presentation.
[2] Privately-held investments represent investments in privately-held debt and redeemable preferred stock securities and equity investments without readily determinable fair value
[3] The prior period amounts have been reclassified to conform to the current period presentation