Noncash or Part Noncash Acquisition, Investments Acquired

  
  
  
  
4.    SUPPLEMENTAL CASH FLOW INFORMATION  
The reconciliation of net income to net cash provided by operating activities is as follows (in millions):

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended |
|  | March 31, 2022 |  | March 31, 2021 |
| Net income (loss) | $ | (3,369.6) |  |  | $ | 977.4  |  |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |  |  |  |
| Depreciation and amortization | 32.0  |  |  | 32.7  |  |
| Reduction in the carrying amount of right-of-use assets | 10.0  |  |  | 9.8  |  |
| Share-based compensation | 13.5  |  |  | 11.7  |  |
| Other-than-temporary impairment losses on investment | —  |  |  | 0.8  |  |
| (Gains) losses from change in fair market value of equity securities and loan receivable | 4,545.1  |  |  | (1,179.4) |  |
|  |  |  |  |
| Payments for operating lease liabilities | (9.5) |  |  | (9.9) |  |
| (Increase) decrease in accounts receivable | (46.8) |  |  | 1.3  |  |
| (Increase) decrease in inventories | (35.5) |  |  | 5.8  |  |
| Increase in other current assets | (33.7) |  |  | (37.5) |  |
| Decrease in accounts payable and other current liabilities | (38.9) |  |  | (44.5) |  |
| Increase in income taxes payable | 7.8  |  |  | 27.3  |  |
| Increase (decrease) in deferred income taxes | (1,028.5) |  |  | 274.8  |  |
| Increase in other long-term liabilities | 0.2  |  |  | 43.8  |  |
| Other | 0.2  |  |  | (0.5) |  |
| Net cash provided by operating activities | $ | 46.3  |  |  | $ | 113.6  |  |
|  |  |  |  |
| Non-cash investing activities: |  |  |  |
| Purchased property, plant and equipment | $ | 1.5  |  |  | $ | 4.7  |  |
| Purchased marketable securities and investments | $ | 13.2  |  |  | $ | —  |  |
| Sold marketable securities and investments | $ | 2.0  |  |  | $ | —  |  |

  
  
  
  
  
  
  
  
22
