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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net Income $ 34.4 $ 21.2
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 12.5 12.1
Non-cash operating lease expense 7.1 0.0
Deferred income taxes (1.8) (0.5)
Net income attributable to noncontrolling interests (0.1) (0.1)
Changes in assets and liabilities:    
Trade receivables 62.8 10.8
Merchandise inventory (37.6) (35.2)
Other current assets 0.6 11.5
Other non-current assets 0.3 (6.0)
Trade accounts payable 30.1 49.4
Accrued payroll and benefit costs (48.7) (37.2)
Other current liabilities (9.6) (18.4)
Other non-current liabilities 0.5 13.5
Total adjustments to net income 16.1 (0.1)
Net cash provided by operations 50.5 21.1
Cash Flows from Investing Activities    
Proceeds from disposal of property 0.1 0.6
Capital expenditures for property (5.0) (8.4)
Net cash used by investing activities (4.9) (7.8)
Cash Flows from Financing Activities    
Net (decrease) increase in short-term borrowings (15.0) 10.4
Principal payments under finance leases (2.1) (2.4)
Sale of common stock 9.9 9.5
Purchases of common stock (5.5) (4.7)
Purchases of noncontrolling interests’ common stock (0.3) (0.2)
Dividends paid (6.5) (5.9)
Net cash (used) provided by financing activities (19.5) 6.7
Net Increase in Cash 26.1 20.0
Cash, Beginning of Year 58.9 42.8
Cash, End of Period 85.0 62.8
Non-cash Investing and Financing Activities    
Acquisitions of equipment under finance leases 1.2 0.0
Acquisitions of assets under operating leases 9.8 0.0
Acquisition of software and maintenance under financing arrangement $ 0.0 $ 5.0