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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Consolidated net income $ 62.1 $ 57.8
Adjustments to reconcile consolidated net income to cash flows from operating activities:    
Depreciation and amortization 21.7 22.3
Stock-based compensation expense 8.0 3.8
Deferred income taxes (4.0) 4.9
Other non-cash expenses, net (6.2) 4.9
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable (2.4) 0.8
Inventories (49.0) (41.6)
Accounts payable and accrued expenses (0.1) 35.5
Income taxes payable, net 0.6 10.1
Deferred revenue 22.7 14.1
Customer advances 22.6 2.5
Other changes in operating assets and liabilities, net 1.8 (17.1)
Net cash provided by operating activities 77.8 98.0
Cash flows from investing activities:    
Cash paid for strategic investments at cost (12.0) 0.0
Cash paid for acquisitions, net of cash acquired (83.8) (4.0)
Purchases of property, plant and equipment (19.0) (24.7)
Proceeds from sales of property, plant and equipment 12.7 1.2
Net proceeds from cross-currency swap agreements 0.3 3.5
Net cash used in investing activities (101.8) (24.0)
Cash flows from financing activities:    
Repayment of other debt, net (0.4) (0.1)
Repayment of Two thousand Twelve Notes Purchase Agreement (105.0) 0.0
Repayment of Two thousand Nineteen Notes Purchase Agreement (0.8) 0.0
Proceeds from issuance of common stock, net 3.1 1.1
Payment of contingent consideration (1.2) (0.4)
Payment of dividends to common stockholders (7.5) (6.1)
Repurchase of common stock (105.6) (32.6)
Net cash used in financing activities (217.4) (38.1)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (10.7) (21.0)
Net change in cash, cash equivalents and restricted cash (252.1) 14.9
Cash, cash equivalents and restricted cash at beginning of period 1,071.7 685.5
Cash, cash equivalents and restricted cash at end of period 819.6 700.4
Supplemental disclosure of cash flow information:    
Restricted cash period beginning balance 3.5 3.7
Restricted cash period ending balance $ 3.5 $ 3.6