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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income $ 327.4 $ 1,303.4 $ 3,405.5
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 1,466.3 637.2 407.3
Share-based compensation 318.5 100.3 97.0
Amortization of deferred financing costs 125.5 0.0 0.0
Change in fair value of contingent consideration 11.1 (149.9) 14.7
Unwind of inventory fair value step-up 1,118.0 31.1 91.9
Impairment of intangible assets 8.9 643.7 190.3
Movement in deferred taxes (594.6) (198.2) (14.3)
Write down of PP&E 92.4 0.0 0.0
Other, net 31.4 0.0 (27.9)
Changes in operating assets and liabilities:      
Increase in accounts receivable (701.7) (211.4) (66.1)
Increase in sales deduction accruals 288.3 97.6 107.6
Increase in inventory (255.8) (63.2) (25.3)
Decrease/(increase) in prepayments and other assets (198.4) 37.2 42.4
Increase in accounts and notes payable and other liabilities 621.6 109.2 5.3
Net cash provided by operating activities 2,658.9 2,337.0 4,228.4
CASH FLOWS FROM INVESTING ACTIVITIES:      
Movements in restricted cash 62.8 (32.0) (32.6)
Purchases of subsidiary undertakings and businesses, net of cash acquired (17,476.2) (5,553.4) (4,104.4)
Purchases of non-current investments and PP&E (648.7) (124.2) (100.1)
Proceeds from short-term investments 0.0 67.0 57.8
Proceeds received on sale of product rights 10.9 17.5 127.0
Other, net 0.9 18.7 21.5
Other, net (41.9) (13.5) 0.2
Net cash used in investing activities (18,092.2) (5,619.9) (4,030.6)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from revolving line of credit, long term and short term borrowings 32,443.4 3,760.8 2,310.8
Repayment of revolving line of credit, long term and short term borrowings (16,404.3) (3,110.9) (1,461.8)
Repayment of debt acquired through business combinations 0.0 0.0 (551.5)
Proceeds from ViroPharma call options 0.0 0.0 346.7
Payment of dividend (171.3) (134.4) (121.2)
Debt issuance costs (172.3) (24.1) (10.2)
Contingent consideration payments (8.0) (101.2) (15.2)
Proceeds from exercise of options 129.0 16.6 17.4
Other, net 9.3 32.2 39.5
Net cash provided by financing activities 15,825.8 439.0 554.5
Effect of foreign exchange rate changes on cash and cash equivalents 0.8 (3.0) (9.3)
Net increase/(decrease) in cash and cash equivalents 393.3 (2,846.9) 743.0
Cash and cash equivalents at beginning of period 135.5 2,982.4 2,239.4
Cash and cash equivalents at end of period 528.8 135.5 2,982.4
Supplemental information associated with continuing operations:      
Interest paid (284.0) (20.0) (14.5)
Income taxes (paid)/received (431.0) (69.0) 194.4
Receipt of break fee 0.0 0.0 1,635.4
Shire Income Access Share Trust      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income 150.6 127.7 112.8
Changes in operating assets and liabilities:      
Net cash provided by operating activities 150.6 127.7 112.8
CASH FLOWS FROM INVESTING ACTIVITIES:      
Net cash used in investing activities 0.0 0.0 0.0
CASH FLOWS FROM FINANCING ACTIVITIES:      
Distributions made 150.6 127.7 112.8
Net cash provided by financing activities (150.6) (127.7) (112.8)
Net increase/(decrease) in cash and cash equivalents 0.0 0.0 0.0
Cash and cash equivalents at beginning of period 0.0 0.0 0.0
Cash and cash equivalents at end of period $ 0.0 $ 0.0 $ 0.0