|
Years Ended
December 31,
|
1999
|
1998
|
1997
|
|
Cash Flows
from Operating Activities
|
|
|
|
|
Net earnings
(loss)
|
$ 106.0
|
$
33.5
|
$(264.4)
|
| Adjustments
to reconcile net earnings (loss) |
|
|
|
|
to net cash
provided (used) by operating activities
|
|
|
|
|
Depreciation
and amortization
|
143.7
|
152.4
|
109.1
|
| Net
deferred income taxes |
34.8
|
(5.0)
|
(5.1)
|
| IWrite-off
of acquired in-process research and development |
—
|
—
|
282.0
|
| Proceeds
from sale of sales-type lease receivables |
74.0
|
68.9
|
35.7)
|
|
Changes in
assets and liabilities, net of acquisitions
|
|
|
|
|
Trade and
other receivables
|
(83.2)
|
(58.3)
|
(53.1)
|
|
Inventories
|
(11.2)
|
23.9
|
18.2
|
|
Accounts payable
and accrued expenses
|
(1.5)
|
(191.0)
|
(3.4)
|
|
Accrued restructure
costs
|
(19.1)
|
(5.4)
|
44.4
|
|
Accrued income
taxes
|
(9.4)
|
(8.4)
|
1.0
|
|
Other
|
(21.5)
|
(12.4)
|
(26.6)
|
|
Net cash provided
(used) by operating activities
|
212.6
|
(1.8)
|
137.8
|
|
Cash Flows
from Financing Activities
|
|
|
|
|
Dividends
to stockholders
|
(18.4)
|
(17.1)
|
(16.6)
|
|
Proceeds from
issuance of stock
|
24.6
|
28.6
|
23.1
|
|
Purchases
of treasury stock
|
—
|
—
|
(43.7)
|
|
Net notes
payable (reductions) borrowings
|
(72.1)
|
56.6
|
15.2
|
|
Long-term
debt borrowings
|
41.6
|
411.2
|
1,164.2
|
|
Long-term
debt reductions
|
(59.9)
|
(609.3)
|
(351.6)
|
|
Net cash (used)
provided by financing activities
|
(84.2
|
(130.0)
|
790.6
|
|
Effect of
exchange rates on cash and equivalents
|
(0.1)
|
—
|
(0.8)
|
|
Increase (decrease)
in cash and equivalents
|
9.7
|
(8.4)
|
(1.5)
|
|
Cash and equivalents
— beginning of year
|
24.7
|
33.1
|
34.6
|
|
Cash and equivalents
— end of year
|
$ 34.4
|
$
24.7
|
$
33.1
|
|
Supplemental
Disclosures of Cash Flow Information
|
|
|
|
|
Cash payments
for interest
|
$
76.5
|
$
88.4
|
$
18.7
|
|
Cash payments
for income taxes
|
58.1
|
21.5
|
12.9
|
|
Noncash Investing
and Financing Activities
|
|
|
|
|
Purchase of
equipment under capital lease obligation
|
3.0
|
9.7
|
9.8
|
|
Issuance of
restricted stock as employee compensation
|
(0.8)
|
0.3
|
2.2
|
