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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Consolidated net income $ 10.6 $ 30.7
Adjustments to reconcile consolidated net income to cash flows from operating activities:    
Depreciation and amortization 19.0 19.0
Stock-based compensation expense 3.3 3.1
Deferred income taxes 1.1 (0.2)
Other non-cash expenses, net 11.7 4.5
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable 29.5 (6.0)
Inventories (61.0) (43.2)
Accounts payable and accrued expenses 19.1 11.0
Income taxes payable, net (15.0) (7.9)
Deferred revenue 20.6 13.9
Customer advances 16.5 6.5
Other changes in operating assets and liabilities, net (20.4) (17.2)
Net cash provided by operating activities 35.0 14.2
Cash flows from investing activities:    
Purchases of short-term investments (50.0)  
Cash paid for acquisitions, net of cash acquired (22.0) (16.1)
Purchases of property, plant and equipment (30.5) (10.6)
Net proceeds from cross- currency swap agreements 1.9  
Net cash used in investing activities (100.6) (26.7)
Cash flows from financing activities:    
Repayments of Note Purchase Agreement   (15.0)
Repayments of revolving lines of credit   (25.9)
Proceeds from revolving lines of credit 197.5 40.6
Repayment of other debt (0.3) (4.5)
Proceeds of other debt 1.2 0.2
Proceeds from issuance of common stock, net 0.6 3.1
Payment of contingent consideration (0.3) (1.0)
Payment of dividends (6.2) (6.3)
Cash payments to noncontrolling interest (1.2)  
Net cash provided by (used in) financing activities 191.3 (8.8)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (8.7) (2.4)
Net change in cash, cash equivalents and restricted cash 117.0 (23.7)
Cash, cash equivalents and restricted cash at beginning of period 681.9 326.3
Cash, cash equivalents and restricted cash at end of period $ 798.9 $ 302.6