XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Operating Activities    
Net income $ 175.9 $ 179.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 58.3 54.7
Stock-based compensation 16.2 17.7
Changes in operating assets and liabilities excluding the effect of business acquired:    
Accounts receivable and unbilled receivables 0.5 (36.6)
Inventories (6.0) (10.1)
Accounts payable (20.4) (7.8)
Deferred and income taxes receivable/payable, net 28.3 (4.5)
Prepaid expenses and other assets 10.5 (16.0)
Accrued expenses and other liabilities (35.5) (14.7)
Other operating, net 4.4 0.7
Net cash provided by operating activities 232.2 163.3
Investing Activities    
Purchases of property, plant and equipment (36.8) (39.4)
Purchase of businesses, net of cash acquired (29.0) (222.5)
Other investing, net 0.1 0.3
Net cash used in investing activities (65.7) (261.6)
Financing Activities    
Net proceeds from credit facility   47.5
Net payments on other debt (0.4) (2.2)
Proceeds from exercise of stock options 28.2 20.7
Other financing, net   (1.4)
Net cash provided by financing activities 27.8 64.6
Effect of exchange rate changes on cash (11.0) (0.7)
Change in cash and cash equivalents 183.3 (34.4)
Cash and cash equivalents—beginning of period 199.5 142.5
Cash and cash equivalents—end of period $ 382.8 $ 108.1