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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 177.8 $ 154.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 74.6 76.1
Amortization 2.5 2.0
Stock-based compensation 18.8 14.7
Non-cash restructuring charges 1.6 0.8
Pension settlement charge 2.7 0.0
Contingent consideration payments in excess of acquisition-date liability (0.3) (0.5)
Other non-cash items, net (0.6) (4.0)
Changes in assets and liabilities (16.3) (28.6)
Net cash provided by operating activities 260.8 215.4
Cash flows from investing activities:    
Capital expenditures (88.8) (74.7)
Acquisition of business (18.9) 0.0
Other, net 0.3 2.5
Net cash used in investing activities (107.4) (72.2)
Cash flows from financing activities:    
Borrowings under revolving credit agreements 28.0 0.0
Repayments under revolving credit agreements (28.0) 0.0
Debt issuance costs (0.9) 0.0
Dividend payments (33.3) (31.0)
Proceeds from stock-based compensation awards 25.5 25.7
Employee stock purchase plan contributions 4.0 3.6
Shares purchased under share repurchase programs (83.1) (70.8)
Net cash used in financing activities (87.8) (72.5)
Effect of exchange rates on cash (7.0) (9.3)
Net increase in cash and cash equivalents 58.6 61.4
Cash and cash equivalents at beginning of period 337.4 235.9
Cash and cash equivalents at end of period $ 396.0 $ 297.3