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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 01, 2023
Jan. 02, 2022
Dec. 27, 2020
Operating activities      
Net income $ 292.4 $ 294.4 $ 194.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 105.6 86.5 81.1
Operating lease expense 178.3 153.9 136.7
Provision for credit losses 1.4 1.4 4.4
Deferred income taxes (5.8) (0.7) 2.0
Loss on extinguishment of debt 0.0 10.3 0.0
Amortization of debt issuance costs 2.8 3.4 4.2
Stock-based compensation 13.0 11.4 8.5
Change in contingent consideration liabilities 5.0 2.3 0.0
Other non-cash, net 3.2 0.2 (0.7)
Changes in operating assets and liabilities, net of acquisitions:      
Operating lease payments (182.6) (147.0) (130.9)
Accounts receivable and other assets 18.0 (134.4) (54.3)
Accounts payable and accrued expenses (32.0) 29.4 64.2
Net cash provided by operating activities 399.3 311.1 310.0
Investing activities      
Acquisition of businesses (net of cash acquired) 0.0 (257.1) 0.0
Purchases of property, equipment and computer software (178.3) (135.6) (69.8)
Proceeds from the sale of property and equipment 39.0 0.8 0.8
Other (3.7) (2.0) 0.0
Net cash used by investing activities (143.0) (393.9) (69.0)
Financing activities      
Net increase (decrease) in book overdrafts 67.9 28.8 (33.6)
Proceeds from debt issuance 0.0 815.0 0.0
Payments on long-term debt (181.3) (774.0) (4.0)
Deferred financing costs (0.1) (4.8) (2.9)
Payments on finance leases (11.3) (12.7) (14.3)
Purchase of treasury stock (27.2) (34.0) 0.0
Issuance of common stock under stock plans 0.4 1.0 8.1
Proceeds from issuance of employee stock purchase plan shares 1.3 1.6 1.0
Tax withholding payments for vested RSUs (7.1) (7.4) (9.1)
Payment of contingent consideration (54.7) (1.3) (1.5)
Net cash (used) provided by financing activities (212.1) 12.2 (56.3)
Effect of exchange rate changes on cash and restricted cash (10.7) 0.2 1.0
Net increase (decrease) in cash, cash equivalents and restricted cash 33.5 (70.4) 185.7
Cash, cash equivalents and restricted cash at beginning of period 162.4 232.8 47.1
Cash, cash equivalents and restricted cash at end of period 195.9 162.4 232.8
Cash paid for interest, net 50.1 45.2 53.7
Cash paid for taxes, net 84.6 90.0 59.7
Reconciliation of cash, cash equivalents and restricted cash reported in balance sheets      
Cash and cash equivalents 195.9 109.4 232.8
Restricted cash 0.0 53.0 0.0
Total cash, cash equivalents and restricted cash shown in the statements of cash flows $ 195.9 $ 162.4 $ 232.8