| Year ended December 31 (millions) |
2011 | 2010 | 2009 |
|
Cash flows from operating activities | | | |
| Consolidated net income before discontinued operations |
$141.2 | $164.1 | $175.9 |
| Income from discontinued operations, net of tax |
-- | 77.2 | 17.1 |
| Add (deduct) items to reconcile consolidated net income to net cash provided by operating activities: | | | |
| -- Company stock issued for U.S. 401(k) plan |
11.8 | -- | -- |
| -- Foreign currency transaction losses |
-- | 19.9 | -- |
| -- Loss on debt extinguishment |
85.2 | 2.1 | -- |
| -- Employee stock compensation |
13.9 | 9.4 | 0.7 |
| -- Depreciation and amortization of properties |
66.4 | 75.8 | 96.9 |
| -- Depreciation and amortization of outsourcing assets |
62.7 | 111.9 | 151.0 |
| -- Amortization of marketable software |
65.7 | 62.9 | 104.6 |
| -- Disposal of capital assets |
1.4 | 9.8 | 10.8 |
| -- Loss (gain) on sale of businesses and assets |
(2.2) | (65.5) | 8.8 |
| -- Decrease (increase) in deferred income taxes, net |
28.6 | (34.4) | (87.9) |
| -- Decrease (increase) in receivables, net |
92.1 | (31.9) | 62.1 |
| -- Decrease in inventories |
22.1 | 12.4 | 14.0 |
| -- Increase in other assets |
(5.9) | (94.2) | (121.9) |
| -- (Decrease) increase in accounts payable and other accrued liabilities |
(214.4) | 56.5 | (70.7) |
| -- (Decrease) increase in other liabilities |
(50.6) | (38.4) | 37.3 |
| -- Other |
(0.8) | (0.8) | (1.9) |
| Net cash provided by operating activities |
317.2 | 336.8 | 396.8 |
|
Cash flows from investing activities | | | |
| Proceeds from investments |
691.2 | 417.4 | 404.1 |
| Purchases of investments |
(688.2) | (416.5) | (402.8) |
| Restricted deposits |
50.7 | 23.4 | (86.8) |
| Investment in marketable software |
(51.7) | (55.8) | (57.6) |
| Capital additions of properties |
(42.2) | (64.1) | (45.9) |
| Capital additions of outsourcing assets |
(40.5) | (83.2) | (97.8) |
| Net (payments) proceeds from sales of businesses and assets |
(15.6) | 117.2 | 15.5 |
|
Net cash used for investing activities |
(96.3) | (61.6) | (271.3) |
|
Cash flows from financing activities | | | |
| Proceeds from issuance of preferred stock, net of issuance costs |
249.7 | -- | -- |
| Payments of long-term debt |
(555.7) | (92.8) | (30.0) |
| Dividends paid on preferred stock |
(12.2) | -- | -- |
| Dividends paid to noncontrolling interest |
(0.4) | -- | -- |
| Financing fees |
(2.2) | (0.1) | (16.1) |
| Proceeds from exercise of stock options |
1.4 | 1.4 | -- |
|
Net cash used for financing activities |
(319.4) | (91.5) | (46.1) |
|
Effect of exchange rate changes on cash and cash equivalents |
(14.9) | (3.0) | 24.2 |
|
(Decrease) increase in cash and cash equivalents |
(113.4) | 180.7 | 103.6 |
|
Cash and cash equivalents, beginning of year |
828.3 | 647.6 | 544.0 |
|
Cash and cash equivalents, end of year |
$714.9 | $828.3 | $647.6 |
