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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Mar. 24, 2021
Mar. 25, 2020
Cash flows from operating activities    
Net income $ 56.6 $ 73.6
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation and amortization 112.0 120.9
Stock-based compensation 11.3 9.0
Restructure and impairment charges 6.5 24.8
Net loss on disposal of assets 1.1 1.1
Other 2.7 1.7
Changes in assets and liabilities:    
Accounts receivable, net (1.3) 12.8
Inventories (0.4) (1.2)
Restaurant supplies (0.4) (0.3)
Prepaid expenses 2.3 10.8
Operating lease assets, net of liabilities (9.1) (6.3)
Deferred income taxes, net (9.3) 4.2
Other assets (0.2) (0.4)
Accounts payable 19.0 (1.7)
Gift card liability 1.0 5.1
Accrued payroll 46.7 (26.6)
Other accrued liabilities 10.5 11.1
Current income taxes 6.4 (0.2)
Other liabilities 13.2 (0.6)
Net cash provided by operating activities 268.6 237.8
Cash flows from investing activities    
Payments for property and equipment (62.4) (82.0)
Proceeds from sale of assets 1.6 1.0
Proceeds from note receivable 1.5 2.2
Payments for franchise restaurant acquisitions 0.0 (94.6)
Net cash used in investing activities (59.3) (173.4)
Cash flows from financing activities    
Payments on revolving credit facility (210.0) (630.0)
Borrowings on revolving credit facility 28.4 806.8
Payments on long-term debt (14.3) (12.4)
Purchases of treasury stock (4.1) (32.3)
Payments for debt issuance costs (2.2) (1.0)
Payments of dividends (1.5) (43.3)
Proceeds from issuance of treasury stock 14.1 1.6
Net cash (used in) provided by financing activities (189.6) 89.4
Net change in cash and cash equivalents 19.7 153.8
Cash and cash equivalents at beginning of period 43.9 13.4
Cash and cash equivalents at end of period $ 63.6 $ 167.2