XML 44 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Consolidated net income $ 45.9 $ 64.9
Adjustments to reconcile consolidated net income to cash flows from operating activities:    
Depreciation and amortization 45.4 42.5
Write-down of demonstration inventories to net realizable value 24.0 22.6
Stock-based compensation expense 4.8 5.9
Deferred income taxes (8.1) (0.3)
Gain on disposal of product line (0.9) (2.2)
Other non-cash expenses, net 1.2 2.1
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable (9.7) 25.2
Inventories (34.9) (72.9)
Accounts payable and accrued expenses 5.7 (11.0)
Income taxes payable (7.7) (10.6)
Deferred revenue 1.3 (7.6)
Customer advances (18.9) (2.8)
Other changes in operating assets and liabilities, net (34.5) (13.6)
Net cash provided by operating activities 13.6 42.2
Cash flows from investing activities:    
Cash paid for acquisitions, net of cash acquired (11.6) (21.7)
Disposal of product line 0.5 3.3
Purchases of property, plant and equipment (41.3) (49.8)
Sales of property, plant and equipment 0.8 2.5
Net cash used in investing activities (51.6) (65.7)
Cash flows from financing activities:    
Repayments of revolving lines of credit   (216.5)
Proceeds from revolving lines of credit 19.5 55.0
Proceeds from Note Purchase Agreement   240.0
Repayment of other debt, net (0.8) (45.4)
Payment of deferred financing costs   (1.4)
Proceeds from issuance of common stock, net 8.0 3.6
Changes in restricted cash (1.3) (1.5)
Cash payments to noncontrolling interest (0.6) (0.6)
Net cash provided by financing activities 24.8 33.2
Effect of exchange rate changes on cash and cash equivalents 9.4 (13.6)
Net change in cash and cash equivalents (3.8) (3.9)
Cash and cash equivalents at beginning of period 310.6 246.0
Cash and cash equivalents at end of period $ 306.8 $ 242.1