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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME $ 673.9 $ 637.7 $ 570.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 278.5 202.9 157.1
Provision for uncollectible receivables 10.1 6.5 9.5
Amortization of restricted stock and other non-cash compensation 80.2 82.2 82.0
Net amortization of bond discounts and deferred financing costs 9.3 6.5 5.8
Deferred income tax provision 9.7 14.1 (9.5)
Net losses on sales of businesses 43.4 61.9 24.1
Other 9.9 1.2 12.7
Changes in assets and liabilities, net of acquisitions and divestitures, providing (using) cash:      
Accounts receivable (111.2) (603.8) 37.6
Accounts receivable, billable to clients (38.7) (209.5) (165.5)
Other current assets (27.2) (67.2) 50.1
Accounts payable 546.0 428.7 336.4
Accrued liabilities 27.4 (24.2) (241.3)
Contract liabilities 46.5 44.9 (12.0)
Change in operating lease right-of-use asset and lease liabilities 0.7 (0.0) (0.0)
Other non-current assets and liabilities (29.3) (16.8) 24.4
Net cash provided by operating activities 1,529.2 565.1 881.8
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisitions, net of cash acquired 0.6 2,309.8 30.6
Capital expenditures 198.5 177.1 155.9
Other investing activities 37.4 (4.6) (9.7)
Net cash used in investing activities (161.7) (2,491.5) (196.2)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from Issuance of Long-term Debt 0.0 2,494.2 0.0
Exercise of stock options 4.3 15.5 13.1
Common stock dividends (363.1) (322.1) (280.3)
Repurchases of common stock (0.0) (117.1) (300.1)
Repayments of long-term debt (403.3) (104.8) (324.6)
Acquisition-related payments (15.8) (33.7) (53.7)
Tax payments for employee shares withheld (22.4) (29.2) (38.8)
Net (decrease) increase in short-term borrowings (19.8) (17.5) 3.0
Distributions to noncontrolling interests (21.6) (16.9) (20.4)
Other financing activities (1.3) (15.2) (3.1)
Net cash (used in) provided by financing activities (843.0) 1,853.2 (1,004.9)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (6.0) (47.3) 16.8
Net increase (decrease) in cash, cash equivalents and restricted cash 518.5 (120.5) (302.5)
Cash, cash equivalents and restricted cash at beginning of period 677.2 797.7 1,100.2
Cash, cash equivalents and restricted cash at end of period $ 1,195.7 $ 677.2 $ 797.7