Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited)
CAD in Millions, $ in Millions
 9 Months Ended
Nov. 30, 2017
USD ($)
Nov. 30, 2016
USD ($)
Cash flows from operating activities:    
Net income $ 1,402.0 $ 1,077.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 214.4 175.3
Deferred tax provision 91.4 114.7
Impairment and amortization of intangible assets 91.2 8.4
Loss on contract termination 59.0 0.0
Stock-based compensation 45.5 44.4
Amortization and loss on write-off of debt issuance costs 27.6 9.6
Unrealized gain on equity securities (216.8) 0.0
Equity in earnings of equity method investees, net of distributed earnings (20.5) (16.2)
Change in operating assets and liabilities, net of effects from purchases of businesses:    
Accounts receivable (38.4) (121.5)
Inventories (221.7) (193.9)
Prepaid expenses and other current assets (78.3) (30.4)
Accounts payable 157.7 290.0
Other accrued expenses and liabilities (68.6) 76.9
Other 23.9 (18.9)
Total adjustments 66.4 338.4
Net cash provided by operating activities 1,468.4 1,415.7
Cash flows from investing activities:    
Purchases of property, plant and equipment (705.6) (591.6)
Investment in equity securities (191.3) 0.0
Purchases of businesses, net of cash acquired (131.9) (542.2)
Payments related to sale of business (5.0) 0.0
Other investing activities (4.5) (15.3)
Net cash used in investing activities (1,038.3) (1,149.1)
Cash flows from financing activities:    
Principal payments of long-term debt (6,522.8) (907.7)
Dividends paid (301.1) (238.3)
Purchases of treasury stock (239.2) (372.6)
Payments of debt issuance costs (32.4) (6.6)
Payments of minimum tax withholdings on stock-based payment awards (22.9) (66.9)
Proceeds from issuance of long-term debt 6,017.9 1,350.1
Net proceeds from (repayments of) short-term borrowings 604.9 (55.9)
Proceeds from shares issued under equity compensation plans 37.5 39.3
Excess tax benefits from stock-based payment awards 0.0 112.2
Net cash used in financing activities (458.1) (146.4)
Effect of exchange rate changes on cash and cash equivalents 5.1 (6.0)
Net increase (decrease) in cash and cash equivalents (22.9) 114.2
Cash and cash equivalents, beginning of period 177.4 83.1
Cash and cash equivalents, end of period 154.5 197.3
Supplemental disclosures of noncash investing and financing activities:    
Additions to property, plant and equipment $ 155.7 $ 218.0