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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 529.5 $ 506.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 142.5 91.8
Equity-based compensation expense 44.6 36.4
Deferred income taxes (8.6) (3.1)
Provision for credit losses 3.7 (6.0)
Other 9.1 (31.0)
Changes in assets and liabilities:    
Accounts receivable (19.8) (140.5)
Merchandise inventory (109.7) (127.9)
Other assets (177.2) (74.0)
Accounts payable-trade 210.6 107.5
Other liabilities 136.4 (15.0)
Net cash provided by operating activities 761.1 344.9
Cash flows from investing activities:    
Capital expenditures (63.6) (38.5)
Acquisitions of businesses, net of cash acquired (28.0) (211.6)
Proceeds from the sale of equity method investment 0.0 36.0
Net cash used in investing activities (91.6) (214.1)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit facility 1,479.6 56.5
Repayments of borrowings under revolving credit facility (1,672.5) 0.0
Repayments of long-term debt (35.5) (7.5)
Repayments of receivable financing liability (34.4) (1.1)
Payments to extinguish long-term debt 0.0 (56.5)
Net change in accounts payable-inventory financing 19.9 (150.1)
Financing payments for revenue generating assets 0.0 (46.1)
Repurchases of common stock 0.0 (735.3)
Proceeds from stock option exercises 15.1 41.8
Payment of incentive compensation plan withholding taxes (20.6) (27.8)
Dividend payments (135.0) (112.3)
Other 8.5 (4.1)
Net cash used in financing activities (374.9) (1,042.5)
Effect of exchange rate changes on cash and cash equivalents (11.1) 2.7
Net increase (decrease) in cash and cash equivalents 283.5 (909.0)
Cash and cash equivalents—beginning of period 258.1 1,410.2
Cash and cash equivalents—end of period 541.6 501.2
Supplementary disclosure of cash flow information:    
Interest paid (106.4) (66.4)
Income taxes paid, net $ (160.9) $ (157.6)