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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net income $ 551.2 $ 483.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 197.5 198.7
Equity-based compensation expense 37.7 29.9
Deferred income taxes (33.5) (39.2)
Other 25.2 8.7
Changes in assets and liabilities:    
Accounts receivable (171.8) (334.3)
Merchandise inventory (151.1) (72.1)
Other assets (82.2) (66.1)
Accounts payable-trade 264.0 300.6
Other liabilities 45.3 92.4
Net cash provided by operating activities 682.3 602.3
Cash flows used in investing activities:    
Capital expenditures (75.0) (53.4)
Acquisition of business, net of cash acquired (75.0) 0.0
Net cash used in investing activities (150.0) (53.4)
Cash flows used in financing activities:    
Proceeds from borrowings under revolving credit facility 1,860.5 688.9
Repayments of borrowings under revolving credit facility (1,834.5) (681.9)
Repayments of long-term debt (19.7) (18.2)
Proceeds from issuance of long-term debt 600.0 0.0
Payments to extinguish long-term debt (538.1) 0.0
Net change in accounts payable-inventory financing (17.4) (90.1)
Repurchases of common stock (493.3) (232.5)
Payment of incentive compensation plan withholding taxes (21.3) (27.1)
Dividend payments (128.9) (95.5)
Other 24.2 21.1
Net cash used in financing activities (568.5) (435.3)
Effect of exchange rate changes on cash and cash equivalents (2.7) (2.7)
Net (decrease) increase in cash and cash equivalents (38.9) 110.9
Cash and cash equivalents—beginning of period 205.8 144.2
Cash and cash equivalents—end of period 166.9 255.1
Supplementary disclosure of cash flow information:    
Interest paid (124.8) (117.4)
Taxes paid, net $ (203.0) $ (200.5)