Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.20.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Aug. 31, 2020
Aug. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ 349.2 $ (754.1)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Unrealized net (gain) loss on securities measured at fair value 244.9 1,666.6
Deferred tax provision (benefit) 196.1 (452.7)
Depreciation 142.7 169.1
Stock-based compensation 34.0 33.6
Equity in (earnings) losses of equity method investees and related activities, net of distributed earnings 408.1 580.3
Noncash lease expense 41.3 44.8
Impairment and amortization of intangible assets 2.7 13.9
Impairment of assets held for sale 3.0 27.0
Loss on inventory and related contracts 25.1 61.0
Loss on settlement of treasury lock contracts (29.3) 0.0
Change in operating assets and liabilities, net of effects from purchases of businesses:    
Accounts receivable (56.1) (106.2)
Inventories 73.0 92.7
Prepaid expenses and other current assets 51.3 32.2
Accounts payable 116.7 3.9
Deferred revenue 21.8 34.0
Other accrued expenses and liabilities (141.3) (61.0)
Other (38.3) 34.3
Total adjustments 1,095.7 2,173.5
Net cash provided by (used in) operating activities 1,444.9 1,419.4
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchases of property, plant, and equipment (277.8) (355.2)
Purchases of businesses, net of cash acquired (19.9) (36.2)
Investments in equity method investees and securities (217.4) (33.0)
Proceeds from sales of assets 18.1 0.0
Proceeds from sale of business 41.1 0.0
Other investing activities 0.6 (1.3)
Net cash provided by (used in) investing activities (455.3) (425.7)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 1,194.6 1,291.3
Principal payments of long-term debt (1,536.4) (1,331.5)
Net proceeds from (repayments of) short-term borrowings (238.9) (640.5)
Dividends paid (287.6) (285.0)
Purchases of treasury stock 0.0 (50.0)
Proceeds from shares issued under equity compensation plans 32.0 32.9
Payments of minimum tax withholdings on stock-based payment awards (7.6) (14.2)
Payments of debt issuance, debt extinguishment, and other financing costs (18.2) (8.0)
Distributions to noncontrolling interests (10.0) 0.0
Net cash provided by (used in) financing activities (872.1) (1,005.0)
Effect of exchange rate changes on cash and cash equivalents 5.7 (1.0)
Net increase (decrease) in cash and cash equivalents 123.2 (12.3)
Cash and cash equivalents, beginning of period 81.4 93.6
Cash and cash equivalents, end of period 204.6 81.3
Supplemental disclosures of noncash investing and financing activities    
Additions to property, plant, and equipment $ 69.9 $ 74.4