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Unaudited condensed consolidated statements of cash flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 377.8 $ 321.8
Reconciling adjustments:    
Depreciation and amortization 204.2 175.1
Stock-based compensation expense 23.7 23.6
Provision for accounts receivable and inventory 28.2 24.1
Deferred income tax (benefit) (39.5) (5.3)
Amortization of deferred financing costs 8.5 7.6
Loss on extinguishment of debt 7.9 8.4
Foreign currency remeasurement (gain) loss (0.6) 2.8
Changes in assets and liabilities:    
Accounts receivable (98.2) (122.0)
Inventory (93.1) (103.0)
Accounts payable 72.4 63.1
Accrued interest (0.9) 0.2
Other assets and liabilities (115.4) (10.2)
Other, net 4.7 4.5
Net cash provided by operating activities 379.7 390.7
Cash flows from investing activities:    
Capital expenditures (60.8) (38.5)
Cash paid for acquisitions, net of cash acquired (20.2) (1,166.7)
Other 0.4 1.3
Net cash used in investing activities (80.6) (1,203.9)
Cash flows from financing activities:    
Debt borrowings 210.0 1,134.6
Debt repayments (523.9) (316.1)
Payments of debt refinancing fees and premiums 0.0 (20.1)
Payments of dividends on preferred stock (32.4) (32.3)
Proceeds received from exercise of stock options 11.6 37.5
Shares repurchased to satisfy employee tax obligations for vested stock-based awards (13.0) (25.8)
#REF! (347.7) 777.8
Effect of currency rate changes on cash (17.5) (4.5)
Net change in cash, cash equivalents and restricted cash (66.1) (39.9)
Cash, cash equivalents and restricted cash, beginning of period 327.1 289.2
Cash, cash equivalents and restricted cash, end of period $ 261.0 $ 249.3