XML 20 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 30, 2019
Mar. 31, 2018
Dec. 29, 2018
Operating activities:      
Net earnings $ 182.1 $ 166.8  
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation 17.2 17.4  
Amortization of other intangibles 5.4 6.6  
Provision for losses on finance receivables 12.5 15.8  
Provision for losses on non-finance receivables 5.0 2.0  
Stock-based compensation expense 7.3 6.7  
Deferred income tax provision 5.4 0.4  
Loss (gain) on sales of assets 0.3 (0.1)  
Loss on early extinguishment of debt 0.0 7.8  
Changes in operating assets and liabilities, net of effects of acquisitions:      
Decrease in trade and other accounts receivable 14.8 1.6  
Decrease in contract receivables 6.1 2.2  
Increase in inventories (33.2) (10.2)  
Increase in prepaid and other assets (19.7) 0.0  
Increase in accounts payable 1.8 9.5  
Increase (decrease) in accruals and other liabilities (3.7) 5.4  
Net cash provided by operating activities 201.3 231.9  
Investing activities:      
Additions to finance receivables (210.5) (205.6)  
Collections of finance receivables 191.9 189.1  
Capital expenditures (20.2) (18.0)  
Acquisitions of businesses, net of cash acquired (1.3) (3.0)  
Disposals of property and equipment 0.2 0.4  
Other 1.2 0.0  
Net cash used by investing activities (38.7) (37.1)  
Financing activities:      
Proceeds from issuance of long-term debt 0.0 395.4  
Repayments of long-term debt 0.0 (457.8)  
Repayment of notes payable 0.0 (16.8)  
Net decrease in other short-term borrowings (43.8) (21.1)  
Cash dividends paid (52.8) (46.5)  
Purchases of treasury stock (47.4) (43.5)  
Proceeds from stock purchase and option plans 4.8 11.5  
Other (8.4) (11.7)  
Net cash used by financing activities (147.6) (190.5)  
Effect of exchange rate changes on cash and cash equivalents 0.5 1.2  
Increase in cash and cash equivalents 15.5 5.5  
Cash and cash equivalents at beginning of year 140.9 92.0 $ 92.0
Cash and cash equivalents at end of period 156.4 97.5 $ 140.9
Supplemental cash flow disclosures:      
Cash paid for interest (21.6) (26.3)  
Net cash paid for income taxes $ (18.4) $ (11.4)