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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 593.0 $ 410.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 92.6 88.7
Premiums paid and non-cash loss on early extinguishment of debt 0.0 17.9
Amortization of deferred financing costs and debt issuance discount 14.5 16.7
(Income) loss from equity method investments (13.1) (4.8)
Loss (gain) on remeasurement of foreign denominated transactions (16.2) 47.1
Net (gains) losses on derivatives (14.8) 14.9
Share-based compensation expense 26.6 27.2
Deferred income taxes (58.1) 22.4
Other 4.3 9.8
Changes in current assets and liabilities, excluding acquisitions and dispositions:    
Accounts and notes receivable 36.2 27.4
Inventories and prepaids and other current assets (15.6) (4.9)
Accounts and drafts payable (11.4) (5.4)
Other accrued liabilities and gift card liability (347.4) (164.2)
Other long-term assets and liabilities (26.1) 27.1
Net cash provided by operating activities 264.5 530.0
Cash flows from investing activities:    
Payments for property and equipment (21.6) (11.7)
Proceeds from disposal of assets, restaurant closures, and refranchisings 3.4 9.6
Net payment for purchase of Popeyes, net of cash acquired 0.0 (1,635.9)
Return of investment on direct financing leases 8.3 7.8
Settlement/sale of derivatives, net 11.2 772.0
Other investing activities, net 0.2 0.3
Net cash provided by (used for) investing activities 1.5 (857.9)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 0.0 3,050.0
Repayments of long-term debt and capital leases (43.3) (377.7)
Payment of financing costs 0.0 (47.0)
Distributions on Class A common, preferred and Partnership exchangeable units (307.0) (296.6)
Payments in connection with repurchase of partnership preferred units (60.1) 0.0
Capital contribution from RBI Inc. 29.0 12.3
Other financing activities, net (1.8) (2.3)
Net cash provided by (used for) financing activities (383.2) 2,338.7
Effect of exchange rates on cash and cash equivalents (15.6) 13.3
Increase (decrease) in cash and cash equivalents (132.8) 2,024.1
Cash and cash equivalents at beginning of period 1,097.4 1,435.8
Cash and cash equivalents at end of period 964.6 3,459.9
Supplemental cash flow disclosures:    
Interest paid 273.6 205.6
Income taxes paid $ 374.0 $ 116.9