XML 59 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities    
Net income $ 764.6 $ 606.3
Reconciliation of net income to net cash provided by operating activities:    
Depreciation and amortization 68.6 70.1
Stock-based compensation expense 59.9 49.3
Deferred income taxes 43.7 (13.0)
Excess tax benefits from stock-based compensation plans (54.5) (32.4)
ICRA Gain (102.8) 0
Legacy Tax Matters (6.4) 0
Changes in assets and liabilities:    
Accounts receivable (11.9) 26.8
Other current assets (63.3) (7.0)
Other assets (4.8) (6.0)
Accounts payable and accrued liabilities (16.3) (138.6)
Deferred revenue 25.8 25.6
Unrecognized tax benefits 18.5 44.8
Other liabilities (11.3) 27.6
Net cash provided by operating activities 709.8 653.5
Cash flows from investing activities    
Capital additions (56.8) (31.0)
Purchases of short-term investments (68.0) (215.2)
Sales and maturities of short-term investments 90.7 23.4
Net cash used in investing activities (244.6) (222.8)
Cash paid into escrow for ICRA share tender offer (210.5) 0
Cash flows from financing activities    
Issuance of notes 747.7 497.2
Repayments of notes (300.0) (63.8)
Net proceeds from stock-based compensation plans 83.3 96.6
Cost of treasury shares repurchased (780.2) (747.6)
Excess tax benefits from stock-based compensation plans 54.5 32.4
Payment of dividends (178.2) (143.7)
Payment of dividends to noncontrolling interests (9.7) (9.9)
Contingent consideration paid (4.3) (0.3)
Debt issuance costs and related fees (6.5) (4.1)
Net cash used in financing activities (393.4) (343.2)
Effect of exchange rate changes on cash and cash equivalents (50.5) (7.8)
Net increase in cash and cash equivalents 21.3 79.7
Cash and cash equivalents, beginning of the period 1,919.5 1,755.4
Cash and cash equivalents, end of the period $ 1,940.8 $ 1,835.1