XML 21 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Consolidated net income $ 64.1 $ 60.5
Adjustments to reconcile consolidated net income to net cash flows from operating activities:    
Depreciation and amortization 43.0 33.9
Deferred income taxes (0.3) (0.2)
Stock-based compensation expense 11.0 7.8
Provision for bad debt 1.0 0.2
Equity in net income (loss) of unconsolidated entities 1.0 (0.3)
Gain on sale of business (17.5) 0.0
Other, net 1.8 (3.2)
Changes in operating assets and liabilities, net of effects of acquisitions:    
Accounts receivable 3.3 1.0
Other assets (5.0) (4.0)
Accounts payable and accrued liabilities (1.9) 1.6
Accrued compensation (8.4) (28.3)
Income taxes- current (5.3) (0.2)
Deferred revenue 18.7 13.6
Deferred rent (1.2) (1.4)
Other liabilities (2.1) 1.8
Cash provided by operating activities 102.2 82.8
Investing activities    
Purchases of investments (16.2) (18.0)
Proceeds from maturities and sales of investments 12.2 15.6
Capital expenditures (33.3) (29.4)
Acquisitions, net of cash acquired (1.0) (15.8)
Proceeds from sale of a business 23.7 0.0
Purchases of equity- and cost-method investments (0.3) (16.4)
Other, net 0.4 0.1
Cash used for investing activities (14.5) (63.9)
Financing activities    
Common shares repurchased (28.6) (38.8)
Dividends paid (19.7) (19.0)
Proceeds from short-term debt 0.0 40.0
Repayment of long-term debt (20.0) 0.0
Proceeds from stock-option exercises, net 0.2 0.4
Employee taxes paid from withholding of restricted stock units (3.4) (4.4)
Other, net (0.3) 0.0
Cash used for financing activities (71.8) (21.8)
Effect of exchange rate changes on cash and cash equivalents 10.6 (1.8)
Net increase (decrease) in cash and cash equivalents 26.5 (4.7)
Cash and cash equivalents-beginning of period 259.1 207.1
Cash and cash equivalents-end of period 285.6 202.4
Supplemental disclosure of cash flow information:    
Cash paid for income taxes 28.9 30.5
Interest Paid 2.5 0.5
Supplemental information of non-cash investing and financing activities:    
Unrealized gain on available-for-sale investments 2.7 0.4
Software and equipment obtained under long-term financing arrangement $ 2.0 $ 3.4