XML 20 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ 146.5 $ 242.5 $ 203.9
Reconciliation of net income to net cash provided by operating activities:      
Depreciation and amortization 245.4 191.1 165.9
Impairment of goodwill, intangibles and other assets 150.8 25.4  
Deferred income taxes (56.7) (53.5) (10.7)
Stock-based compensation 131.3 49.7 95.8
Excess tax benefits from stock-based compensation (25.9) (38.0) (11.6)
Other 113.5 43.5 10.7
Changes in operating assets and liabilities, net of effects from acquisitions:      
Accounts receivable 28.0 (109.1) 16.9
Inventory (117.9) (75.6) 103.9
Accounts payable (53.0) 160.0 4.5
Accrued salaries, wages and employee benefits (8.4) 1.8 (17.4)
Other assets and liabilities 70.5 38.3 79.2
Net cash provided by operating activities 684.7 627.0 668.5
Cash flows from financing activities:      
Net change in short-term debt (34.0) 25.4 102.0
Proceeds from issuance of long-term debt 1,389.8 1,764.8 1,273.4
Payments on long-term debt (54.7) (1,248.0) (407.7)
Proceeds from issuance of stock, net of transaction fees 1,449.6   748.3
Repurchase of common stock and shares tendered for taxes (134.1) (285.3) (297.8)
Debt issuance costs (17.7) (21.4) (19.8)
Excess tax benefits from stock-based compensation 25.9 38.0 11.6
Other, net (6.1) (8.0) (4.4)
Net cash provided by (used in) financing activities 2,618.7 265.5 1,405.6
Cash flows from investing activities:      
Additions to property, plant and equipment (214.6) (202.1) (211.0)
Acquisition of businesses, net of cash acquired (2,937.1) (517.4) (1,820.1)
Other 34.6 8.0 73.7
Net cash provided by (used in) investing activities (3,117.1) (711.5) (1,957.4)
Effect of exchange rate changes on cash and cash equivalents (52.7) (144.7) (22.3)
Net increase in cash and cash equivalents 133.6 36.3 94.4
Cash and cash equivalents at beginning of period 1,164.8 1,128.5 1,034.1
Cash and cash equivalents at end of period 1,298.4 1,164.8 1,128.5
Supplemental cash disclosures:      
Taxes paid 126.1 126.1 74.7
Make-whole interest   42.3 12.3
Interest paid 177.9 182.8 181.7
Venezuela      
Reconciliation of net income to net cash provided by operating activities:      
Venezuela-related charges $ 60.6 $ 150.9 $ 27.4