XML 21 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net Income $ 127.6 $ 58.6
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 24.4 26.5
Non-cash operating lease expense 17.1 16.6
Deferred income taxes (15.2) (9.8)
Net gain on disposal of property (1.0)  
Net income attributable to noncontrolling interests (0.3) (0.1)
Changes in assets and liabilities:    
Trade receivables (179.3) 35.3
Merchandise inventory (143.0) 59.0
Other current assets (0.8) (5.4)
Other non-current assets (0.8) (1.0)
Trade accounts payable 231.1 (10.9)
Accrued payroll and benefit costs (21.7) (74.4)
Other current liabilities 32.8 8.0
Other non-current liabilities (9.7) (10.8)
Total adjustments to net income (66.4) 33.0
Net cash provided by operating activities 61.2 91.6
Cash Flows from Investing Activities    
Proceeds from disposal of property 0.9 0.1
Capital expenditures for property (20.6) (16.0)
Acquisition of business, net of cash acquired (3.8)  
Net cash used by investing activities (23.5) (15.9)
Cash Flows from Financing Activities    
Net (decrease) increase in short-term borrowings (50.0) 182.0
Principal payments under finance arrangements (1.2) (2.8)
Sales of common stock 14.4 13.5
Purchases of common stock (9.6) (8.8)
Purchases of noncontrolling interests’ common stock (0.5) (0.7)
Dividends paid (13.7) (13.7)
Net cash (used) provided by financing activities (60.6) 169.5
Net (Decrease) Increase in Cash (22.9) 245.2
Cash, Beginning of Year 131.2 60.8
Cash, End of Period 108.3 306.0
Non-cash Investing and Financing Activities:    
Acquisitions of equipment under finance leases 0.2 0.3
Acquisitions of assets under operating leases $ 20.8 $ 30.0