CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 

(In millions)

(Unaudited)

Fiscal Years

2015

2014

Cash flow from operating activities:

    Net Income

$              120.7

$213.9

    Adjustments to reconcile net income to net cash provided by

operating activities:

         Depreciation expense

36.7

33.1

         Amortization expense

162.4

158.5

         Provision for doubtful accounts

1.9

3.8

         Deferred income taxes

0.9

(1.7)

         Stock-based compensation

50.1

43.4

         Income from equity method investments

(17.9)

(12.4)

         Gain on an equity sale

-

(15.1)

         Acquisition / divestiture (gain) loss

(3.9)

2.9

         Excess tax benefit for stock-based compensation

(2.1)

(14.1)

         Provision for excess and obsolete inventories

12.3

4.8

         Other non-cash items

10.0

4.7

    Add decrease (increase) in assets:

         Accounts receivables

0.3

(10.9)

         Other receivables

8.5

(2.3)

         Inventories

(2.9)

(31.8)

         Other current and non-current assets

(7.6)

(7.1)

    Add increase (decrease) in liabilities:

         Accounts payable

(6.4)

(7.2)

         Accrued compensation and benefits

(0.1)

0.5

         Deferred revenue

28.1

45.9

         Accrued warranty expense

(2.0)

3.1

         Other liabilities

(34.1)

(4.9)

 Net cash provided by operating activities 

354.9

407.1

 Cash flow from investing activities: 

      Acquisitions of businesses, net of cash acquired 

(156.3)

(307.9)

      Acquisitions of property and equipment 

(43.9)

(47.3)

      Purchases of equity investments 

(5.5)

(10.9)

      Acquisitions of intangible assets 

(0.1)

(7.6)

      Net proceeds from sale of business 

12.1

-

      Dividends received from equity investments 

20.0

32.2

      Other 

1.3

(2.5)

 Net cash used in investing activities 

(172.4)

(344.0)

 Cash flow from financing activities: 

      Issuance of common stock, net of tax withholdings 

29.7

56.1

      Payments related to repurchases of common stock 

(234.4)

(97.8)

      Excess tax benefit for stock-based compensation 

2.1

14.1

      Proceeds from debt and revolving credit lines 

555.0

876.2

      Payments on debt and revolving credit lines 

(555.2)

(900.1)

 Net cash used in financing activities 

(202.8)

(51.5)

 Effect of exchange rate changes on cash and cash equivalents 

(11.7)

(10.8)

 Net increase (decrease) in cash and cash equivalents 

(32.0)

0.8

 Cash and cash equivalents - beginning of period 

148.0

147.2

 Cash and cash equivalents - end of period 

$              116.0

$148.0