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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net Income $ 230.2 $ 127.6
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 26.2 24.4
Non-cash operating lease expense 18.5 17.1
Deferred income taxes (3.8) (15.2)
Net gain on disposal of property (0.2) (1.0)
Net income attributable to noncontrolling interests (0.4) (0.3)
Changes in assets and liabilities:    
Trade receivables (184.7) (179.3)
Merchandise inventory (141.0) (143.0)
Other current assets (11.3) (0.8)
Other non-current assets (1.3) (0.8)
Trade accounts payable 250.5 231.1
Accrued payroll and benefit costs (59.8) (21.7)
Other current liabilities (0.8) 32.8
Other non-current liabilities (18.0) (9.7)
Total adjustments to net income (126.1) (66.4)
Net cash provided by operating activities 104.1 61.2
Cash Flows from Investing Activities    
Proceeds from disposal of property 0.4 0.9
Capital expenditures for property (22.9) (20.6)
Acquisition of business, net of cash acquired   (3.8)
Net cash used by investing activities (22.5) (23.5)
Cash Flows from Financing Activities    
Net decrease in short-term borrowings (42.0) (50.0)
Principal payments under finance arrangements (1.1) (1.2)
Sales of common stock 14.6 14.4
Purchases of common stock (8.3) (9.6)
Purchases of noncontrolling interests’ common stock (0.4) (0.5)
Dividends paid (13.9) (13.7)
Net cash used by financing activities (51.1) (60.6)
Net Increase (Decrease) in Cash 30.5 (22.9)
Cash, Beginning of Year 48.5 131.2
Cash, End of Period 79.0 108.3
Non-cash Investing and Financing Activities    
Acquisitions of equipment under finance leases 1.2 0.2
Acquisitions of assets under operating leases $ 28.9 $ 20.8