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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Consolidated net income $ 77.4 $ 62.1
Adjustments to reconcile consolidated net income to cash flows from operating activities:    
Depreciation and amortization 25.1 21.7
Stock-based compensation expense 6.5 8.0
Deferred income taxes 1.2 (4.0)
Impairment of minority investments and other long-lived assets 6.9 2.0
Gain on sale of property, plant and equipment (9.8) (10.7)
Other non-cash expenses, net 5.0 2.5
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable 8.3 (2.4)
Inventories (55.0) (49.0)
Accounts payable and accrued expenses 13.1 (0.1)
Income taxes payable, net (5.8) 0.6
Deferred revenue and customer advances 34.8 45.3
Other changes in operating assets and liabilities, net (20.2) 1.8
Net cash provided by operating activities 87.5 77.8
Cash flows from investing activities:    
Purchases of property, plant and equipment (25.0) (19.0)
Cash paid for strategic investments (8.2) (12.0)
Cash paid for acquisitions, net of cash acquired (88.1) (83.8)
Proceeds from sales of property, plant and equipment 10.7 12.7
Net proceeds from cross-currency swap agreements 2.4 0.3
Net cash used in investing activities (108.2) (101.8)
Cash flows from financing activities:    
Repayment of other debt, net (2.1) (0.4)
Repayment of 2012 Note Purchase Agreement 0.0 (105.0)
Repayment of 2019 Note Purchase Agreement (3.8) (0.8)
Proceeds from issuance of common stock, net 0.7 3.1
Payment of contingent consideration (1.0) (1.2)
Payment of dividends to common shareholders (7.4) (7.5)
Repurchase of common stock (22.4) (105.6)
Proceeds from the sale of noncontrolling interests 5.3 0.0
Net cash used in financing activities (30.7) (217.4)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4.1 (10.7)
Net change in cash, cash equivalents and restricted cash (47.3) (252.1)
Cash, cash equivalents and restricted cash at beginning of period 648.7 1,071.7
Cash, cash equivalents and restricted cash at end of period 601.4 819.6
Supplemental disclosure of cash flow information:    
Restricted cash period beginning balance 3.2 3.5
Restricted cash period ending balance $ 3.5 $ 3.5