|
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
|
6 Months Ended |
|
Mar. 28, 2015
|
Mar. 29, 2014
|
| OPERATING ACTIVITIES |
|
|
| Net income (loss) |
$ 77.0 |
$ (22.1) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
| Depreciation |
40.7 |
49.0 |
| Amortization |
207.9 |
208.9 |
| Non-cash interest expense |
33.2 |
35.8 |
| Stock-based compensation expense |
25.8 |
26.1 |
| Excess tax benefit related to equity awards |
(6.0) |
(4.1) |
| Deferred income taxes |
(79.1) |
(164.8) |
| Asset impairment charges |
0 |
33.3 |
| Debt extinguishment loss |
(6.7) |
(7.4) |
| Loss on disposal of property and equipment |
3.2 |
3.4 |
| Other |
0.7 |
2.9 |
| Changes in operating assets and liabilities: |
|
|
| Accounts receivable |
3.3 |
21.5 |
| Inventories |
29.0 |
(23.8) |
| Prepaid income taxes |
1.3 |
44.7 |
| Prepaid expenses and other assets |
(2.6) |
9.8 |
| Accounts payable |
(17.8) |
(12.3) |
| Accrued expenses and other liabilities |
(19.3) |
(6.5) |
| Deferred revenue |
7.3 |
9.1 |
| Net cash provided by operating activities |
311.3 |
218.3 |
| INVESTING ACTIVITIES |
|
|
| Net proceeds from sale of business |
0 |
2.4 |
| Purchase of property and equipment |
(20.0) |
(19.8) |
| Increase in equipment under customer usage agreements |
(19.7) |
(18.0) |
| Net (purchases) sales of insurance contracts |
(6.4) |
13.8 |
| Purchases of mutual funds |
0 |
(29.7) |
| Sales of mutual funds |
7.7 |
18.6 |
| Increase in other assets |
(0.6) |
(1.9) |
| Net cash used in investing activities |
(39.0) |
(34.6) |
| FINANCING ACTIVITIES |
|
|
| Repayment of long-term debt |
(357.5) |
(562.5) |
| Payments of Debt Issuance Costs |
0 |
2.4 |
| Interest Rate Cap Agreements Aggregate Premium Payable |
(6.1) |
0 |
| Payment Of Deferred Acquisition Consideration |
0 |
5.0 |
| Net proceeds from issuance of common stock pursuant to employee stock plans |
37.4 |
53.7 |
| Excess tax benefit related to equity awards |
6.0 |
4.1 |
| Payment of minimum tax withholdings on net share settlements of equity awards |
(12.1) |
(9.1) |
| Net cash used in financing activities |
(332.3) |
(521.2) |
| Effect of exchange rate changes on cash and cash equivalents |
(5.6) |
(0.5) |
| Net decrease in cash and cash equivalents |
(65.6) |
(338.0) |
| Cash and cash equivalents, beginning of period |
736.1 |
822.5 |
| Cash and cash equivalents, end of period |
$ 670.5 |
$ 484.5 |