CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

Fiscal Years

2016

2015

Cash flow from operating activities:

Net Income

$  132.2

$  120.7

Adjustments to reconcile net income to net cash provided by

operating activities:

Depreciation expense

37.0

36.7

Amortization expense

150.8

162.4

Provision for doubtful accounts

3.0

1.9

Deferred income taxes

0.4

0.9

Stock-based compensation

52.6

50.1

Income from equity method investments

(17.6)

(17.9)

Divestiture gain, net

(3.5)

(3.9)

Excess tax benefit for stock-based compensation

(6.5)

(2.1)

Provision for excess and obsolete inventories

15.8

12.3

Other non-cash items

3.3

10.0

Decrease (increase) in assets:

Accounts receivables

1.2

0.3

Other receivables

1.4

8.5

Inventories

24.0

(2.9)

Other current and non-current assets

(1.2)

(7.6)

Increase (decrease) in liabilities:

Accounts payable

10.9

(6.4)

Accrued compensation and benefits

0.6

(0.1)

Deferred revenue

26.1

28.1

Accrued warranty expense

(1.1)

(2.0)

Other liabilities

(22.3)

(34.1)

Net cash provided by operating activities

407.1

354.9

Cash flow from investing activities:

Acquisitions of businesses, net of cash acquired

(38.8)

(156.3)

Acquisitions of property and equipment

(26.0)

(43.9)

Purchases of equity method investments

(1.5)

(5.5)

Acquisitions of intangible assets

(0.3)

(0.1)

Purchases of available-for-sale investments

(113.3)

—

Proceeds from maturities of available-for-sale investments

2.4

—

Net proceeds from sales of businesses

14.4

12.1

Dividends received from equity method investments

17.6

20.0

Other

1.1

1.3

Net cash used in investing activities

(144.4)

(172.4)

Cash flow from financing activities:

Issuance of common stock, net of tax withholdings

67.5

29.7

Repurchases and retirement of common stock

(119.5)

(234.4)

Excess tax benefit for stock-based compensation

6.5

2.1

Proceeds from debt and revolving credit lines

355.0

555.0

Payments on debt and revolving credit lines

(465.3)

(555.2)

Net cash used in financing activities

(155.8)

(202.8)

Effect of exchange rate changes on cash and cash equivalents

(6.8)

(11.7)

Net increase (decrease) in cash and cash equivalents

100.1

(32.0)

Cash and cash equivalents - beginning of period

116.0

148.0

Cash and cash equivalents - end of period

$  216.1

$  116.0