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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Consolidated net income $ 161.4 $ 198.0 $ 181.0
Adjustments to reconcile consolidated net income to cash flows from operating activities:      
Depreciation and amortization 80.4 75.6 64.9
Stock-based compensation expense 16.0 9.6 11.3
Deferred income taxes (22.5) (5.4) (15.1)
Impairment and other non-cash expenses, net 27.3 10.1 39.8
Changes in operating assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable 40.8 (5.0) (30.5)
Inventories (91.6) (60.2) (35.5)
Accounts payable and accrued expenses (2.4) 15.9 5.0
Income taxes payable 42.9 13.1 4.0
Deferred revenue 16.9 7.3 7.1
Customer advances 51.7 4.2 3.5
Other changes in operating assets and liabilities 11.3 (49.8) 4.2
Net cash provided by operating activities 332.2 213.4 239.7
Cash flows from investing activities:      
Purchases of short-term investments (150.0) (6.4)  
Maturities of short-term investments 106.1   117.0
Purchase of available for sale debt securities (1.2)    
Cash paid for acquisitions, net of cash acquired (59.2) (90.0) (191.6)
Purchases of property, plant and equipment (97.2) (73.0) (49.2)
Proceeds from sales of property, plant and equipment 0.2 11.0 0.4
Net proceeds from cross-currency swap agreements 8.6    
Net cash used in investing activities (192.7) (158.4) (123.4)
Cash flows from financing activities:      
Proceeds from 2019 Note Purchase Agreement   297.9  
Proceeds from 2019 Term Loan Agreement   300.0  
Repayments of revolving lines of credit (305.1) (361.9) (218.1)
Proceeds from revolving lines of credit 297.5 250.6 129.4
Repayments of 2012 Note Purchase Agreement   (15.0)  
Repayment of other debt, net (0.7) (4.6) (4.8)
Payment of deferred financing costs (0.1) (4.4)  
Proceeds from issuance of common stock, net 3.3 10.9 9.4
Payment of contingent consideration (7.5) (6.2) (2.3)
Payment of dividends to common stockholders (24.6) (25.0) (25.1)
Repurchase of common stock (123.2) (142.3)  
Cash payments to noncontrolling interest (1.2)   (0.9)
Net cash (used in) provided by financing activities (161.6) 300.0 (112.4)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 25.7 0.6 (6.5)
Net change in cash, cash equivalents and restricted cash 3.6 355.6 (2.6)
Cash, cash equivalents and restricted cash at beginning of year 681.9 326.3 328.9
Cash, cash equivalents and restricted cash at end of year 685.5 681.9 326.3
Supplemental cash flow information      
Cash paid for interest 28.7 16.0 11.7
Cash paid for taxes 43.0 61.3 60.5
Restricted cash period beginning balance 3.6 3.9 3.9
Restricted cash period ending balance $ 3.7 $ 3.6 $ 3.9