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Condensed Consolidated and Combined Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Oct. 02, 2020
Sep. 27, 2019
Cash flows from operating activities:    
Net income (loss) $ (75.1) $ 161.5
Noncash items:    
Depreciation 31.5 29.8
Amortization 68.0 67.3
Allowance for doubtful accounts 20.1 7.6
Stock-based compensation expense 16.7 12.5
Restructuring charges 11.1 0.0
Impairment charges 17.1 0.0
Amortization of right-of-use assets 23.1 29.2
Amortization of debt discount and issuance costs 8.0 0.0
Change in trade accounts receivable, net 64.3 (11.6)
Change in inventories, net 16.8 (4.5)
Change in trade accounts payable (49.3) (32.9)
Change in prepaid expenses and other assets (33.8) (38.9)
Change in accrued expenses and other liabilities (0.8) 18.7
Change in operating lease liabilities (27.2) (28.2)
Net cash provided by operating activities 90.5 210.5
Cash flows from investing activities:    
Acquisitions, net of cash acquired (40.7) 0.0
Payments for additions to property, plant and equipment (34.6) (61.9)
Proceeds from sales of property, plant and equipment 0.0 1.6
All other investing activities 11.3 (2.3)
Net cash used in investing activities (64.0) (62.6)
Cash flows from financing activities:    
Proceeds from issuance of convertible senior notes 517.5 0.0
Payment of debt issuance and other deferred financing costs (17.2) 0.0
Proceeds from revolving line of credit 249.8 0.0
Repayment of revolving line of credit (250.0) 0.0
Proceeds from borrowings 0.0 1,319.1
Purchase of capped calls related to issuance of convertible senior notes (20.7) 0.0
Proceeds from stock option exercises 8.7 0.0
Proceeds from the public offering of common stock, net of issuance costs 0.0 643.4
Consideration to Danaher in connection with the Separation 0.0 (1,950.0)
Net transfers to Former Parent 0.0 (116.5)
All other financing activities 0.6 144.4
Net cash provided by in financing activities 488.7 40.4
Effect of exchange rate changes on cash and equivalents (25.6) 4.9
Net change in cash and equivalents 489.6 193.2
Beginning balance of cash and equivalents 211.2 0.0
Ending balance of cash and equivalents 700.8 193.2
Supplemental data:    
Cash paid for interest 34.3 0.0
Cash paid for taxes 22.3 28.5
ROU assets obtained in exchange for operating lease obligations $ 16.0 $ 41.3