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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Dec. 31, 2015
Dec. 31, 2017
Dec. 31, 2016
Jun. 27, 2015
Cash Flows From (For) Operating Activities        
Net income (loss) $ 42.5 $ 119.6 $ (4,012.8) $ 136.1
Adjustments to derive cash flows        
Depreciation and amortization 182.4 444.8 457.0 258.7
Loss on acquisition-related foreign currency derivatives 0.0 0.0 0.0 326.4
Share-based compensation 22.8 43.8 23.0 31.6
Impairment charges 215.6 47.5 2,631.0 6.8
Change in financial assets (57.3) 24.9 2,608.2 (78.5)
Loss on extinguishment of debt 0.9 135.2 1.1 10.5
Restructuring charges 26.9 61.0 31.0 5.1
Deferred income taxes (120.0) (48.9) (990.9) (16.3)
Amortization of debt premium (10.2) (22.4) (24.7) 0.2
Other non-cash adjustments, net 18.1 (2.7) 33.5 10.2
Subtotal 321.7 802.8 756.4 690.8
Increase (decrease) in cash due to:        
Accounts receivable 52.5 3.2 (0.6) (51.1)
Inventories (29.6) (16.0) 100.7 (11.4)
Accounts payable (194.1) (39.6) (75.7) 120.5
Payroll and related taxes (38.2) (27.4) (41.1) (30.2)
Accrued customer programs 34.4 34.6 (13.9) 71.3
Accrued liabilities 108.1 (47.8) (79.5) 42.8
Accrued income taxes (56.8) (6.1) 20.9 21.9
Other, net 2.9 (4.8) (12.3) 0.6
Subtotal (120.8) (103.9) (101.5) 164.4
Net cash from operating activities 200.9 698.9 654.9 855.2
Cash Flows From (For) Investing Activities        
Proceeds from royalty rights 166.3 87.3 353.7 344.6
Acquisitions of businesses, net of cash acquired (791.6) (0.4) (427.4) (2,177.8)
Asset acquisitions 0.0 0.0 (65.1) (4.0)
Settlement of acquisition-related foreign currency derivatives (1.3) 0.0 0.0 (329.9)
Proceeds from sale of securities 0.0 0.0 4.5 0.0
Additions to property, plant and equipment (77.8) (88.6) (106.2) (137.0)
Net proceeds from sale of business and other assets 0.0 154.6 69.1 0.0
Proceeds from sale of the Tysabri® financial asset 0.0 2,200.0 0.0 0.0
Other investing, net (3.7) (14.8) (3.6) 1.8
Net cash from (for) investing activities (708.1) 2,338.1 (175.0) (2,302.3)
Cash Flows From (For) Financing Activities        
Borrowings (repayments) of revolving credit agreements and other financing, net 718.0 6.8 (802.5) (54.0)
Issuances of long-term debt 0.0 0.0 1,190.3 2,504.3
Payments on long-term debt (28.3) (2,611.0) (559.2) (1,823.5)
Premium on early debt retirement 0.0 (116.1) (0.6) 0.0
Deferred financing fees (0.3) (4.8) (2.8) (28.1)
Issuance of ordinary shares 4.9 0.7 8.3 1,043.5
Equity issuance costs 0.0 0.0 (10.3) (35.7)
Repurchase of ordinary shares (500.0) (191.5) 0.0 0.0
Cash dividends (36.3) (91.1) (83.2) (64.8)
Other financing, net (8.4) 2.3 (8.7) (19.3)
Net cash from (for) financing activities 149.6 (3,004.7) (268.7) 1,522.4
Effect of exchange rate changes on cash and cash equivalents (10.2) 24.1 (6.7) (89.2)
Net increase (decrease) in cash and cash equivalents (367.8) 56.4 204.5 (13.9)
Cash and cash equivalents, beginning of period 785.6 622.3 417.8 799.5
Cash and cash equivalents, end of period 417.8 678.7 622.3 785.6
Cash paid/received during the year for:        
Interest paid 84.2 187.6 205.1 143.2
Interest received 0.7 9.3 1.2 1.1
Income taxes paid 87.8 186.9 139.5 131.0
Income taxes refunded $ 1.7 $ 3.6 $ 9.3 $ 9.6