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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 167.9 $ 152.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 91.4 64.3
Equity-based compensation expense 8.8 12.7
Deferred income taxes 2.6 (13.7)
Provision for credit losses 29.2 0.5
Other 1.4 2.3
Changes in assets and liabilities:    
Accounts receivable (209.0) 11.9
Merchandise inventory (66.4) (134.2)
Other assets (63.7) (31.9)
Accounts payable-trade 157.4 116.0
Other liabilities 103.4 71.6
Net cash provided by operating activities 223.0 252.4
Cash flows used in investing activities:    
Capital expenditures (25.4) (19.4)
Acquisition of business, net of cash acquired 0.0 (68.7)
Net cash used in investing activities (25.4) (88.1)
Cash flows used in financing activities:    
Proceeds from borrowings under revolving credit facility 781.0 88.5
Repayments of borrowings under revolving credit facility (619.5) (12.5)
Net change in accounts payable-inventory financing (81.4) 70.2
Repurchases of common stock (140.8) (177.1)
Payment of incentive compensation plan withholding taxes (21.9) (11.6)
Dividend payments (54.2) (43.4)
Other 6.8 5.7
Net cash used in financing activities (130.0) (80.2)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (7.2) 0.8
Net increase in cash, cash equivalents and restricted cash 60.4 84.9
Cash, cash equivalents and restricted cash—beginning of period 154.0 205.8
Cash, cash equivalents and restricted cash—end of period 214.4 290.7
Supplementary disclosure of cash flow information:    
Interest paid (28.6) (44.1)
Taxes paid, net $ (9.9) $ (11.4)