XML 20 R8.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities    
Net Income $ 93.2 $ 130.4
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 39.6 37.7
Non-cash operating lease expense 25.3 22.2
Deferred income taxes (15.2) 3.3
Net loss on disposal of property 0.4 0.1
Non-cash pension settlement charge 17.7  
Net income attributable to noncontrolling interests (0.2) (0.3)
Changes in assets and liabilities:    
Trade receivables (13.6) 11.7
Merchandise inventory 82.5 25.5
Other current assets (1.0) 0.6
Other non-current assets (0.8) (0.6)
Trade accounts payable 42.8 8.0
Accrued payroll and benefit costs (51.6) (56.1)
Other current liabilities 22.1 (0.6)
Other non-current liabilities (26.1) (4.2)
Total adjustments to net income 121.9 47.3
Net cash provided by operating activities 215.1 177.7
Cash Flows from Investing Activities    
Proceeds from disposal of property 0.2 0.2
Capital expenditures for property (25.3) (21.4)
Net cash used by investing activities (25.1) (21.2)
Cash Flows from Financing Activities    
Net decrease in short-term borrowings (13.0) (125.0)
Principal payments under finance arrangements (3.3) (3.2)
Sale of common stock 17.1 16.6
Purchases of common stock (13.3) (15.3)
Sales of noncontrolling interests’ common stock   0.8
Purchases of noncontrolling interests’ common stock (0.8) (0.4)
Dividends paid (20.5) (19.3)
Net cash used by financing activities (33.8) (145.8)
Net Increase in Cash 156.2 10.7
Cash, Beginning of Year 60.8 58.9
Cash, End of Period 217.0 69.6
Non-cash Investing and Financing Activities:    
Acquisitions of equipment under finance leases 0.3 1.9
Acquisitions of assets under operating leases $ 31.4 $ 44.4