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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Consolidated net income $ 200.2 $ 204.6
Adjustments to reconcile consolidated net income to cash flows from operating activities:    
Depreciation and amortization 64.3 66.1
Stock-based compensation expense 23.0 11.9
Deferred income taxes (25.7) (6.5)
Other non-cash expenses, net 11.8 24.8
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable (39.7) (47.7)
Inventories (139.1) (81.3)
Accounts payable and accrued expenses 0.3 45.9
Income taxes payable, net 10.6 (33.4)
Deferred revenue 14.0 19.4
Customer advances (3.5) (9.5)
Other changes in operating assets and liabilities, net (13.3) (50.5)
Net cash provided by operating activities 102.9 143.8
Cash flows from investing activities:    
Purchases of short-term investments 0.0 (48.0)
Maturity of short-term investments 100.0 0.7
Cash paid for strategic investments (40.8) (0.5)
Cash paid for acquisitions, net of cash acquired (85.5) (45.0)
Purchases of property, plant and equipment (94.6) (63.6)
Proceeds from sales of property, plant and equipment 13.8 4.0
Net proceeds from cross-currency swap agreements 4.8 8.6
Net cash used in investing activities (102.3) (143.8)
Cash flows from financing activities:    
Repayment of other debt, net (1.2) (1.8)
Repayment of 2012 Note Purchase Agreement (105.0) 0.0
Repayment of 2019 Note Purchase Agreement (2.3) 0.0
Proceeds from issuance of common stock, net 0.8 5.9
Payment of contingent consideration (1.7) (0.4)
Payment of dividends to common shareholders (22.4) (18.2)
Repurchase of common stock (236.8) (71.1)
Purchase of minority interest (10.6) 0.0
Net cash used in financing activities (379.2) (85.6)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (63.8) (23.4)
Net change in cash, cash equivalents and restricted cash (442.4) (109.0)
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 629.3 576.5
Supplemental disclosure of cash flow information:    
Restricted cash period beginning balance 3.5 3.7
Restricted cash period ending balance $ 3.1 $ 3.5