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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Oct. 02, 2015
Cash flows from operating activities:    
Net income $ 72.8 $ 154.0
Adjustments to reconcile net income to net cash provided by operating activities and other adjustments:    
Depreciation and amortization 244.1 267.8
Gain on divestiture of business (92.2) 0.0
(Gain) loss on sale or disposal of fixed assets 0.6 (4.1)
Amortization of debt discount and issuance costs 7.4 1.9
Loss on debt extinguishment or modification 6.3 0.4
Payments for term debt modification (26.4) 0.0
Write-down of excess inventories 40.1 38.4
Non-cash share-based compensation expense 41.9 36.3
Non-cash interest on convertible notes 19.6 11.2
Non-cash asset impairment charges 0.0 0.2
Intangible asset impairment 2.2 3.8
Change in deferred taxes 65.5 0.1
Other (2.7) (5.5)
Changes in assets and liabilities (exclusive of the impact of acquisitions):    
Receivables (9.1) (87.6)
Inventories (33.7) (62.1)
Other assets (23.6) (15.4)
Accounts payable 28.4 (11.8)
Accrued expenses 3.4 19.4
Deferred income on sales to distributors 10.1 (34.7)
Other long-term liabilities (2.9) 1.1
Net cash provided by operating activities 351.8 313.4
Cash flows from investing activities:    
Purchases of property, plant and equipment (160.8) (204.8)
Proceeds from divestiture of business 104.0 0.0
Proceeds from sales of property, plant and equipment 0.4 10.4
Deposits utilized for purchases of property, plant and equipment 0.9 0.2
Purchase of business, net of cash acquired (2,277.2) (10.1)
Cash placed in escrow (67.7) (0.8)
Cash received from escrow 23.8 0.0
Proceeds from sale of available-for-sale securities 0.0 5.5
Proceeds from sale of held-to-maturity securities 0.0 2.0
Purchases of held-to-maturity securities 0.0 (0.8)
Other 1.8 0.0
Net cash used in investing activities (2,374.8) (198.4)
Cash flows from financing activities:    
Proceeds from issuance of common stock under the employee stock purchase plan 10.9 10.9
Proceeds from exercise of stock options 5.1 25.1
Payments of tax withholding for restricted shares (10.4) (12.4)
Repurchase of common stock 0.0 (328.2)
Proceeds from debt issuance 2,581.9 808.1
Purchases of convertible note hedges 0.0 (108.9)
Proceeds from issuance of warrants 0.0 52.0
Payments of debt issuance and other financing costs (6.5) (20.4)
Repayment of long-term debt (287.6) (478.4)
Payment of capital lease obligations (12.2) (17.5)
Dividend to non-controlling shareholder of consolidated subsidiary (1.9) 0.0
Net cash provided by (used in) financing activities 2,279.3 (69.7)
Effect of exchange rate changes on cash and cash equivalents 6.6 (0.2)
Net increase in cash and cash equivalents 262.9 45.1
Cash and cash equivalents, beginning of period 617.6 511.7
Cash and cash equivalents, end of period $ 880.5 $ 556.8