v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 266.9 $ 409.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 87.2 80.1
Share-based compensation expenses 37.5 42.3
Non-cash interest expense 5.0 22.4
Deferred income taxes (11.5) 2.9
Inventory write-downs 29.2 16.9
Foreign exchange transaction loss 10.0 10.5
Loss on extinguishment of debt 0.0 24.6
Other (15.1) 1.0
Changes in operating assets and liabilities:    
Receivables (23.9) (6.7)
Inventories (37.4) (92.2)
Prepaid expenses and other current assets (26.1) (68.1)
Accounts payable (3.7) 11.8
Royalty overrides (16.8) (1.7)
Other current liabilities (21.8) (86.2)
Other 19.4 8.3
Net cash provided by operating activities 298.9 374.9
Cash flows from investing activities:    
Purchases of property, plant, and equipment (113.6) (104.5)
Other 0.2 (4.4)
Net cash used in investing activities (113.4) (108.9)
Cash flows from financing activities:    
Borrowings from senior secured credit facility, net of discount 433.0 531.1
Principal payments on senior secured credit facility and other debt (505.0) (416.0)
Proceeds from senior notes 0.0 600.0
Repayment of senior notes 0.0 (420.7)
Debt issuance costs 0.0 (8.4)
Share repurchases (146.6) (909.2)
Other 3.4 3.2
Net cash used in financing activities (215.2) (620.0)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (40.0) (13.0)
Net change in cash, cash equivalents, and restricted cash (69.7) (367.0)
Cash, cash equivalents, and restricted cash, beginning of period 610.4 1,054.0
Cash, cash equivalents, and restricted cash, end of period $ 540.7 $ 687.0

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