XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 29, 2017
Sep. 30, 2016
Cash flow from operating activities:    
Net Income $ 156.1 $ 94.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 26.4 27.9
Amortization expense 109.1 117.2
Provision for doubtful accounts 1.2 2.5
Deferred income taxes (0.2) 1.2
Stock-based compensation 45.0 40.0
Income from equity method investments (22.8) (13.9)
Divestiture (gain) loss, net (8.0) 0.1
Provision for excess and obsolete inventories 3.6 12.0
Other non-cash items (1.5) 3.9
Decrease (increase) in assets:    
Accounts receivable (34.2) (9.9)
Other receivables 0.7 (2.7)
Inventories (19.4) 25.7
Other current and non-current assets (21.9) (11.1)
Increase (decrease) in liabilities:    
Accounts payable 27.8 2.7
Accrued compensation and benefits 7.5 (12.8)
Deferred revenue 29.6 32.8
Accrued warranty 0.1 (0.5)
Other liabilities 10.9 (22.6)
Net cash provided by operating activities 310.0 287.0
Cash flow from investing activities:    
Acquisitions of businesses, net of cash acquired (286.7) (22.3)
Acquisitions of property and equipment (26.4) (19.7)
Purchases of equity method investments 0.0 (1.5)
Acquisitions of intangible assets 0.0 (0.3)
Purchases of short-term investments (220.0) (62.1)
Proceeds from maturities of short-term investments 84.6 0.0
Proceeds from sales of short-term investments 92.1 0.0
Net proceeds from sales of businesses 20.1 10.7
Dividends received from equity method investments 12.9 16.5
Other 0.5 0.1
Net cash used in investing activities (322.9) (78.6)
Cash flow from financing activities:    
Issuance of common stock, net of tax withholdings 73.0 50.0
Repurchases and retirement of common stock (111.5) (102.2)
Proceeds from debt and revolving credit lines 517.0 291.0
Payments on debt and revolving credit lines (444.3) (351.3)
Net cash provided by (used in) financing activities 34.2 (112.5)
Effect of exchange rate changes on cash and cash equivalents 17.6 1.6
Net increase in cash and cash equivalents 38.9 97.5
Cash and cash equivalents - beginning of period 216.1 116.0
Cash and cash equivalents - end of period $ 255.0 $ 213.5