XML 22 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Statement of Cash Flows [Abstract]      
Net income $ 643.0 $ 523.1 $ 425.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 265.6 260.9 254.5
Equity-based compensation expense 40.7 43.7 39.2
Deferred income taxes (56.1) (172.7) (97.2)
Net loss on extinguishments of long-term debt 0.0 57.4 2.1
Other 10.9 5.0 4.3
Changes in assets and liabilities:      
Accounts receivable (365.1) (136.8) (178.9)
Merchandise inventory (46.8) 16.9 (68.0)
Other assets 25.2 (117.8) (51.8)
Accounts payable-trade 271.2 231.5 225.1
Other liabilities 117.3 66.5 49.6
Net cash provided by operating activities 905.9 777.7 604.0
Cash flows used in investing activities:      
Capital expenditures (86.1) (81.1) (63.5)
Premium payments on interest rate cap agreements 0.0 0.0 (2.4)
Net cash used in investing activities (86.1) (81.1) (65.9)
Cash flows used in financing activities:      
Proceeds from borrowings under revolving credit facility 686.7 1,560.7 338.8
Repayments of borrowings under revolving credit facility (686.7) (1,560.7) (338.8)
Repayments of long-term debt (21.6) (14.9) (20.6)
Proceeds from issuance of long-term debt 0.0 2,083.0 1,483.0
Payments to extinguish long-term debt 0.0 (2,121.3) (1,490.4)
Net change in accounts payable-inventory financing (67.4) (84.0) 143.6
Repurchases of common stock (522.3) (534.0) (367.4)
Payment of incentive compensation plan withholding taxes (33.9) (49.6) 0.0
Dividends (139.4) (106.9) (78.7)
Other 29.8 9.0 25.9
Net cash (used in) provided by financing activities (754.8) (818.7) (304.6)
Effect of exchange rate changes on cash and cash equivalents (3.4) 2.6 (7.4)
Net increase (decrease) in cash and cash equivalents 61.6 (119.5) 226.1
Cash and cash equivalents – beginning of period 144.2 263.7 37.6
Cash and cash equivalents – end of period 205.8 144.2 263.7
Supplementary disclosure of cash flow information:      
Interest paid (148.8) (148.5) (144.3)
Taxes paid, net $ (261.2) $ (275.7) $ (329.2)