CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In millions)

(Unaudited)

Fiscal Years

2017

2016

Cash flow from operating activities:

Net Income

$  121.2

$  132.2

Adjustments to reconcile net income to net cash provided by

operating activities:

Depreciation expense

34.6

37.0

Amortization expense

148.8

150.8

Provision for doubtful accounts

1.2

3.0

Deferred income taxes

1.4

0.4

Stock-based compensation

64.8

52.6

Income from equity method investments

(29.5)

(17.6)

Divestitures gain, net

(6.4)

(3.5)

Provision for excess and obsolete inventories

5.5

15.8

Other non-cash items

5.2

3.3

Decrease (increase) in assets:

Accounts receivable

(41.6)

1.2

Other receivables

3.6

1.4

Inventories

(38.7)

24.0

Other current and non-current assets

(19.1)

(1.2)

Increase (decrease) in liabilities:

Accounts payable

25.9

10.9

Accrued compensation and benefits

33.7

0.6

Deferred revenue

16.4

26.1

Accrued warranty expense

0.6

(1.1)

Income taxes payable

88.2

(16.1)

Accrued liabilities

(3.9)

(6.2)

Net cash provided by operating activities

411.9

413.6

Cash flow from investing activities:

Acquisitions of businesses, net of cash acquired

(293.1)

(38.8)

Acquisitions of property and equipment

(43.7)

(26.0)

Purchases of equity method investments

—

(1.5)

Purchases of short-term investments

(288.0)

(113.3)

Proceeds from maturities of short-term investments

122.1

2.4

Net proceeds from sales of businesses

20.1

14.4

Proceeds from sales of short-term investments

97.7

—

Dividends received from equity method investments

18.1

17.6

Other

0.8

0.8

Net cash used in investing activities

(366.0)

(144.4)

Cash flow from financing activities:

Issuance of common stock, net of tax withholdings

73.8

67.5

Repurchases of common stock

(285.3)

(119.5)

Proceeds from debt and revolving credit lines

786.0

355.0

Payments on debt and revolving credit lines

(495.4)

(465.3)

Net cash provided by (used in) financing activities

79.1

(162.3)

Effect of exchange rate changes on cash and cash equivalents

17.4

(6.8)

Net increase in cash and cash equivalents

142.4

100.1

Cash and cash equivalents - beginning of period

216.1

116.0

Cash and cash equivalents - end of period

$  358.5

$  216.1