Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
May 31, 2018
May 31, 2017
Cash flows from operating activities:    
Net income $ 746.3 $ 401.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Unrealized gain on equity securities (258.3) 0.0
Gain on sale of unconsolidated investment (101.4) 0.0
Deferred tax provision (benefit) 116.2 (11.2)
Depreciation 84.2 70.1
Stock-based compensation 17.3 15.1
Loss on extinguishment of debt and amortization of debt issuance costs 3.0 9.8
Impairment and amortization of intangible assets 1.5 88.2
Change in operating assets and liabilities:    
Accounts receivable (49.3) (96.8)
Inventories 10.6 18.4
Prepaid expenses and other current assets (54.1) (36.0)
Accounts payable 14.9 (13.6)
Deferred revenue 47.3 42.4
Other accrued expenses and liabilities (77.7) (123.7)
Other 3.5 17.9
Total adjustments (242.3) (19.4)
Net cash provided by operating activities 504.0 381.6
Cash flows from investing activities:    
Purchases of property, plant and equipment (168.2) (217.1)
Proceeds from sale of unconsolidated investment 110.2 0.0
Other investing activities 4.5 (4.2)
Net cash used in investing activities (53.5) (221.3)
Cash flows from financing activities:    
Dividends paid (140.5) (100.5)
Purchases of treasury stock (100.0) 0.0
Net proceeds from (repayments of) short-term borrowings (77.5) 381.3
Payments of minimum tax withholdings on stock-based payment awards (12.9) (22.3)
Principal payments of long-term debt (5.9) (1,913.4)
Proceeds from shares issued under equity compensation plans 7.6 16.6
Payments of debt issuance costs 0.0 (11.8)
Proceeds from issuance of long-term debt 0.0 1,508.5
Net cash used in financing activities (329.2) (141.6)
Effect of exchange rate changes on cash and cash equivalents (1.6) 3.0
Net increase in cash and cash equivalents 119.7 21.7
Cash and cash equivalents, beginning of period 90.3 177.4
Cash and cash equivalents, end of period 210.0 199.1
Supplemental disclosures of noncash investing and financing activities:    
Additions to property, plant and equipment $ 138.5 $ 174.0