CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

First Three Quarters of

2016

2015

Cash flow from operating activities:

Net Income

$  94.5

$  96.8

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation expense

27.9

27.0

Amortization expense

117.2

122.2

Provision for doubtful accounts

2.5

1.7

Deferred income taxes

1.2

(0.5)

Stock-based compensation

40.0

37.3

Income from equity method investments

(13.9)

(14.1)

Divestiture (gain) loss, net

0.1

(5.8)

Excess tax benefit for stock-based compensation

(5.0)

(1.4)

Provision for excess and obsolete inventories

12.0

5.1

Other non-cash items

3.9

9.0

Decrease (increase) in assets:

Accounts receivables

(9.9)

12.3

Other receivables

(2.7)

6.5

Inventories

25.7

(6.4)

Other current and non-current assets

(11.1)

(9.5)

Increase (decrease) in liabilities:

Accounts payable

2.7

(6.9)

Accrued compensation and benefits

(12.8)

(15.4)

Deferred revenue

32.8

38.6

Accrued warranty

(0.5)

(1.4)

Other liabilities

(22.6)

(18.7)

Net cash provided by operating activities

282.0

276.4

Cash flow from investing activities:

Acquisitions of businesses, net of cash acquired

(22.3)

(101.7)

Acquisitions of property and equipment

(19.7)

(35.7)

Purchases of equity method investments

(1.5)

(3.6)

Acquisitions of intangible assets

(0.3)

(0.1)

Purchases of available-for-sale investments

(62.1)

—

Net proceeds from sale of businesses

10.7

12.1

Dividends received from equity method investments

16.5

15.3

Other

0.1

0.3

Net cash used in investing activities

(78.6)

(113.4)

Cash flow from financing activities:

Issuance of common stock, net of tax withholdings

50.0

29.1

Repurchases and retirement of common stock

(102.2)

(234.4)

Excess tax benefit for stock-based compensation

5.0

1.4

Proceeds from debt and revolving credit lines

291.0

458.0

Payments on debt and revolving credit lines

(351.3)

(431.1)

Net cash used in financing activities

(107.5)

(177.0)

Effect of exchange rate changes on cash and cash equivalents

1.6

(10.4)

Net increase (decrease) in cash and cash equivalents

97.5

(24.4)

Cash and cash equivalents - beginning of period

116.0

148.0

Cash and cash equivalents - end of period

$213.5

$123.6