Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.7.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
May 31, 2017
May 31, 2016
Cash flows from operating activities:    
Net income $ 405.3 $ 319.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment and amortization of intangible assets 88.2 4.2
Depreciation 70.1 55.8
Stock-based compensation 15.1 16.0
Amortization and loss on write-off of debt issuance costs 9.8 3.2
Deferred tax provision (benefit) (8.5) 56.0
Change in operating assets and liabilities, net of effects from purchase of business:    
Accounts receivable (96.8) (39.0)
Inventories 18.4 (19.0)
Prepaid expenses and other current assets (36.0) (31.6)
Accounts payable (13.6) 55.9
Deferred revenue 42.4 26.8
Other accrued expenses and liabilities (130.7) (69.4)
Other 17.9 (32.1)
Total adjustments (23.7) 26.8
Net cash provided by operating activities 381.6 345.9
Cash flows from investing activities:    
Purchases of property, plant and equipment (217.1) (169.4)
Payments related to sale of business (5.0) 0.0
Purchase of business 0.0 (284.9)
Other investing activities 0.8 0.4
Net cash used in investing activities (221.3) (453.9)
Cash flows from financing activities:    
Principal payments of long-term debt (1,913.4) (94.2)
Dividends paid (100.5) (79.3)
Payments of minimum tax withholdings on stock-based payment awards (22.3) (45.5)
Payments of debt issuance costs (11.8) (3.2)
Proceeds from issuance of long-term debt 1,508.5 709.5
Net proceeds from (repayments of) notes payable 381.3 (379.1)
Proceeds from shares issued under equity compensation plans 16.6 15.9
Excess tax benefits from stock-based payment awards 0.0 68.8
Purchases of treasury stock 0.0 (1.0)
Net cash provided by (used in) financing activities (141.6) 191.9
Effect of exchange rate changes on cash and cash equivalents 3.0 0.3
Net increase in cash and cash equivalents 21.7 84.2
Cash and cash equivalents, beginning of period 177.4 83.1
Cash and cash equivalents, end of period 199.1 167.3
Supplemental disclosures of noncash investing and financing activities:    
Additions to property, plant and equipment $ 174.0 $ 88.0