CASH FLOWS FROM OPERATING ACTIVITIES: | |
Net earnings | 486.79M |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |
Depreciation and amortization | |
Share-based compensation expense | 56.9M |
Provision for deferred income taxes | -25.92M |
Changes in assets and liabilities (net of businesses acquired): | |
Receivables, net | 43.7M |
Inventory | -5.59M |
Prepaid expenses and other | -33.8M |
Accounts payable | -19.57M |
Accrued income taxes | 6.19M |
Deferred revenue | -1.78M |
Other accrued liabilities | -55.93M |
Net cash provided by operating activities | 822.37M |
CASH FLOWS FROM INVESTING ACTIVITIES: | |
Capital purchases | -327.86M |
Capitalized software development costs | -228.8M |
Purchases of investments | -387.81M |
Maturities of investments | 262.1M |
Purchase of other intangibles | -13.22M |
Acquisition of businesses, net of cash acquired | 0 |
Net cash used in investing activities | -695.6M |
CASH FLOWS FROM FINANCING ACTIVITIES: | |
Proceeds from sale of future receivables | |
Repayment of long-term debt | |
Proceeds from excess tax benefits from stock compensation | 47.2M |
Proceeds from exercise of options | 60.49M |
Contingent consideration payments for acquisition of businesses | |
Net cash provided by financing activities | -94.46M |
Effect of exchange rate changes on cash | -2.94M |
Net increase (decrease) in cash and cash equivalents | 29.38M |
Cash and cash equivalents at beginning of period | 402.12M |
Cash and cash equivalents at end of period | 431.5M |
Cash paid during the year for: | |
Interest | |
Income taxes, net of refund | |
Summary of acquisition transactions: | |
Fair value of net tangible assets | |
Fair value of intangible assets acquired | -25M |
Fair value of goodwill | 46.94M |
Less: Fair value of contingent liability payable | |
Less: Fair value of working capital settlement payable | |
Cash paid for acquisition | |
Cash acquired | |
Net cash used |