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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Consolidated net income $ 90.1 $ 129.2
Adjustments to reconcile consolidated net income to cash flows from operating activities:    
Depreciation and amortization 58.7 57.3
Stock-based compensation expense 10.9 10.1
Deferred income taxes 0.5 (0.5)
Other non-cash expenses, net 25.5 1.7
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable 36.9 (8.0)
Inventories (109.7) (80.9)
Accounts payable and accrued expenses (15.3) 10.3
Income taxes payable, net (9.1) (6.4)
Deferred revenue 20.1 9.7
Customer advances 32.4 (9.1)
Other changes in operating assets and liabilities, net (11.8) (36.2)
Net cash provided by operating activities 129.2 77.2
Cash flows from investing activities:    
Purchases of short-term investments (100.0) (6.4)
Maturities of short-term investments 56.1  
Cash paid for acquisitions, net of cash acquired (58.8) (79.0)
Purchases of property, plant and equipment (68.4) (44.8)
Proceeds from sales of property, plant and equipment 0.1 11.0
Net proceeds from cross-currency swap agreements 7.1  
Net cash used in investing activities (163.9) (119.2)
Cash flows from financing activities:    
Repayments of 2012 Note Purchase Agreement   (15.0)
Repayments of revolving lines of credit (305.1) (50.5)
Proceeds from revolving lines of credit 297.5 250.6
Repayment of other debt (0.4) (4.8)
Proceeds of other debt   0.4
Payment of deferred financing costs (0.1)  
Proceeds from issuance of common stock, net 1.1 8.1
Payment of contingent consideration (6.2) (5.6)
Repurchase of common stock (54.4) (142.3)
Payment of dividends (18.5) (18.8)
Cash payments to noncontrolling interest (1.2)  
Net cash (used in) provided by financing activities (87.3) 22.1
Effect of exchange rate changes on cash, cash equivalents and restricted cash 10.7 (6.4)
Net change in cash, cash equivalents and restricted cash (111.3) (26.3)
Cash, cash equivalents and restricted cash at beginning of period 681.9 326.3
Cash, cash equivalents and restricted cash at end of period 570.6 300.0
Supplemental disclosure of cash flow information    
Restricted cash period beginning balance 3.6 3.9
Restricted cash period ending balance $ 3.5 $ 3.7