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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 656.9 $ 654.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 134.9 129.0
Premiums paid and non-cash loss on early extinguishment of debt 75.9 0.0
Amortization of deferred financing costs and debt issuance discount 25.2 29.1
(Income) loss from equity method investments (8.9) (16.6)
Loss (gain) on remeasurement of foreign denominated transactions 64.7 16.1
Net losses on derivatives 23.1 15.3
Share-based compensation expense 38.0 25.9
Deferred income taxes (3.1) 34.6
Other 12.8 8.0
Changes in current assets and liabilities, excluding acquisitions and dispositions:    
Accounts and notes receivable 0.3 20.0
Inventories and prepaids and other current assets (12.5) (3.0)
Accounts and drafts payable (30.4) 11.8
Advertising fund restricted assets and fund liabilities 18.1 4.0
Other accrued liabilities and gift card liability (161.4) (23.8)
Other long-term assets and liabilities (20.1) 14.1
Net cash provided by operating activities 813.5 919.0
Cash flows from investing activities:    
Payments for property and equipment (16.9) (18.2)
Proceeds from disposal of assets, restaurant closures, and refranchisings 19.6 18.1
Net payment for purchase of Popeyes, net of cash acquired (1,635.9) 0.0
Return of investment on direct financing leases 11.8 12.5
Settlement/sale of derivatives, net 771.8 4.9
Other investing activities, net (2.3) 2.0
Net cash provided by (used for) investing activities (851.9) 19.3
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 4,350.0 0.0
Repayments of long-term debt and capital leases (1,690.0) (52.7)
Payment of financing costs (57.0) 0.0
Payment of dividends on common and preferred shares and distributions on Partnership exchangeable units (451.9) (396.9)
Proceeds from stock option exercises 17.5 12.5
Other financing activities, net (6.2) 0.8
Net cash provided by (used for) financing activities 2,162.4 (436.3)
Effect of exchange rates on cash and cash equivalents 22.7 14.6
Increase (decrease) in cash and cash equivalents 2,146.7 516.6
Cash and cash equivalents at beginning of period 1,460.4 757.8
Cash and cash equivalents at end of period 3,607.1 1,274.4
Supplemental cashflow disclosures:    
Interest paid 340.2 285.9
Income taxes paid 189.3 93.3
Non-cash investing and financing activities:    
Acquisition of property with capital lease obligations $ 23.0 $ 22.5