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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 250.2 $ 232.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 71.4 45.2
Equity-based compensation expense 21.1 15.8
Deferred income taxes (5.0) (3.5)
Provision for credit losses 1.7 (1.3)
Other 4.8 2.6
Changes in assets and liabilities:    
Accounts receivable (125.0) (15.7)
Merchandise inventory (130.3) 15.4
Other assets 24.3 (35.8)
Accounts payable-trade 87.8 (37.2)
Other liabilities 179.8 126.5
Net cash provided by operating activities 380.8 344.6
Cash flows from investing activities:    
Capital expenditures (41.3) (20.7)
Acquisitions of businesses, net of cash acquired 0.0 (212.9)
Net cash used in investing activities (41.3) (233.6)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit facility 702.3 56.5
Repayments of borrowings under revolving credit facility (895.2) 0.0
Repayments of long-term debt (35.5) (3.7)
Repayments of receivable financing liability (28.7) (1.1)
Payments to extinguish long-term debt 0.0 (56.5)
Net change in accounts payable-inventory financing 126.7 (180.3)
Financing payments for revenue generating assets 0.0 (42.9)
Repurchases of common stock 0.0 (358.4)
Proceeds from stock option exercises 8.3 37.7
Payment of incentive compensation plan withholding taxes (20.4) (27.8)
Dividend payments (67.5) (56.5)
Other 1.9 (10.5)
Net cash used in financing activities (208.1) (643.5)
Effect of exchange rate changes on cash and cash equivalents (2.6) 0.9
Net increase (decrease) in cash and cash equivalents 128.8 (531.6)
Cash and cash equivalents—beginning of period 258.1 1,410.2
Cash and cash equivalents—end of period 386.9 878.6
Supplementary disclosure of cash flow information:    
Interest paid (17.5) (19.2)
Income taxes paid, net $ (11.5) $ (10.1)