Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.10.0.1
Consolidated Statements of Cash Flows (Unaudited)
$ in Millions, $ in Millions
 6 Months Ended
Aug. 31, 2018
USD ($)
Aug. 31, 2017
USD ($)
Cash flows from operating activities:    
Net income $ 1,897.6 $ 905.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Unrealized gain on securities measured at fair value (950.4) 0.0
Gain on sale of unconsolidated investment (99.8) 0.0
Deferred tax provision 202.3 12.2
Depreciation 168.8 140.9
Stock-based compensation 35.9 28.9
Loss on extinguishment of debt and amortization of debt issuance costs 8.9 14.4
Impairment and amortization of intangible assets 3.0 89.7
Change in operating assets and liabilities, net of effects from purchases of businesses:    
Accounts receivable (173.8) (116.7)
Inventories 123.8 49.2
Prepaid expenses and other current assets (49.0) (89.7)
Accounts payable 111.0 40.2
Deferred revenue 35.6 27.4
Other accrued expenses and liabilities 15.6 (29.5)
Other 9.0 30.8
Total adjustments (559.1) 197.8
Net cash provided by operating activities 1,338.5 1,102.9
Cash flows from investing activities:    
Purchases of property, plant and equipment (370.6) (505.1)
Purchases of businesses, net of cash acquired (20.2) (131.8)
Proceeds from sale of unconsolidated investment 110.2 0.0
Proceeds from sales of assets 44.7 0.8
Other investing activities (2.4) (4.5)
Net cash used in investing activities (388.8) (640.6)
Cash flows from financing activities:    
Purchases of treasury stock (504.3) (14.3)
Dividends paid (279.1) (201.0)
Net proceeds from (repayments of) short-term borrowings (32.4) 206.6
Principal payments of long-term debt (23.5) (4,517.9)
Payments of debt issuance costs (13.6) (20.2)
Payments of minimum tax withholdings on stock-based payment awards (13.5) (22.5)
Proceeds from shares issued under equity compensation plans 21.5 32.0
Proceeds from issuance of long-term debt 12.0 4,017.0
Net cash used in financing activities (832.9) (520.3)
Effect of exchange rate changes on cash and cash equivalents (1.0) 6.2
Net increase (decrease) in cash and cash equivalents 115.8 (51.8)
Cash and cash equivalents, beginning of period 90.3 177.4
Cash and cash equivalents, end of period 206.1 125.6
Supplemental disclosures of noncash investing and financing activities:    
Additions to property, plant and equipment 147.2 172.8
Conversion of long-term debt to noncontrolling equity interest 248.4 0.0
Convertible debt securities [Member]    
Cash flows from investing activities:    
Investment in debt securities $ (150.5) $ 0.0