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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,022.8 $ 1,233.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 457.4 307.1
Share-based compensation 70.8 78.3
Change in fair value of contingent consideration (196.5) 26.3
Impairment of intangible assets 523.3 188.0
Write down of assets 0.0 14.0
Gain on sale of product rights (13.0) (86.2)
Unwind of inventory fair value step-ups 23.0 90.6
Other, net (3.8) 16.5
Movement in deferred taxes (178.3) 63.1
Equity in losses/(earnings) of equity method investees 1.6 (3.8)
Changes in operating assets and liabilities:    
Increase in accounts receivable (288.1) (92.1)
Iincrease in sales deduction accruals 100.0 28.2
Increase in inventory (21.7) (15.8)
Decrease/(increase) in prepayments and other assets 21.2 (114.7)
Increase/(decrease) in accounts and notes payable and other liabilities 56.5 (92.8)
Net cash provided by operating activities 1,575.2 1,673.5
CASH FLOWS FROM INVESTING ACTIVITIES:    
Movements in restricted cash (48.0) (32.3)
Purchases of subsidiary undertakings and businesses, net of cash acquired (5,553.4) (4,104.4)
Purchases of non-current investments (5.2) (22.8)
Purchases of PP&E (62.1) (49.8)
Proceeds from short-term investments 67.0 57.8
Proceeds received on sale of product rights 14.5 122.7
Proceeds from disposal of non-current investments 18.5 21.3
Other, net 2.7 1.3
Net cash used in investing activities (5,566.0) (4,006.2)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving line of credit, long-term and short-term borrowings 3,650.8 2,310.8
Repayment of revolving line of credit and short term borrowings (2,486.1) (1,461.8)
Repayment of debt acquired through business combinations 0.0 (551.5)
Proceeds from ViroPharma call options 0.0 346.7
Payment of dividend (110.2) (99.6)
Excess tax benefit associated with exercise of stock options 30.5 37.4
Contingent consideration payments (8.8) (12.8)
Other, net (21.3) (2.0)
Net cash provided by financing activities 1,054.9 567.2
Effect of foreign exchange rate changes on cash and cash equivalents (1.6) (6.2)
Net decrease in cash and cash equivalents (2,937.5) (1,771.7)
Cash and cash equivalents at beginning of period 2,982.4 2,239.4
Cash and cash equivalents at end of period 44.9 467.7
Supplemental information associated with continuing operations:    
Interest (paid)/received (13.1) 8.0
Income taxes paid (97.5) (156.3)
Income taxes repaid $ 77.0 232.6
Continung operations    
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of product rights   (86.2)
Discontinued operations    
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of product rights   33.6
Total    
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on sale of product rights   $ (52.6)