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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income $ 55.9 $ 49.3
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization of property and equipment 13.8 12.5
Amortization of operating lease right-of-use assets 7.6 7.3
Amortization of intangibles 10.7 11.4
Amortization of deferred financing costs and debt discount 0.4 0.5
Provision for credit losses 1.4 1.7
Write-off of debt issuance costs 1.1 0.0
Gain on sale of property and equipment (0.4) (0.6)
Noncash stock compensation 4.0 3.4
Other, net (3.4) (2.5)
Changes in assets and liabilities, excluding effects of acquisitions    
Accounts receivable (3.6) 1.7
Inventories (8.0) 7.7
Other assets 4.0 4.4
Accounts payable (1.4) (16.9)
Income taxes receivable/payable 19.7 16.5
Other liabilities (17.0) (22.6)
Net cash provided by operating activities 84.8 73.8
Cash flows from investing activities    
Purchases of property and equipment (21.8) (14.9)
Acquisitions of businesses, net of cash acquired of $— in 2024 and 2023, respectively (4.1) (38.0)
Proceeds from sale of property and equipment 0.7 0.7
Settlements with interest rate swap counterparties 4.5 3.6
Other (0.4) 1.0
Net cash used in investing activities (21.1) (47.6)
Cash flows from financing activities    
Proceeds from Term Loan 142.9 0.0
Payments on Term Loan (133.0) (1.3)
Proceeds from vehicle and equipment notes payable 5.2 8.1
Debt issuance costs (1.5) 0.0
Principal payments on long-term debt (7.5) (7.0)
Principal payments on finance lease obligations (0.8) (0.7)
Dividends paid (54.9) (34.5)
Acquisition-related obligations (0.5) (1.7)
Surrender of common stock awards by employees (0.2) 0.0
Net cash used in financing activities (50.3) (37.1)
Net change in cash and cash equivalents 13.4 (10.9)
Cash and cash equivalents at beginning of period 386.5 229.6
Cash and cash equivalents at end of period 399.9 218.7
Supplemental disclosures of cash flow information    
Interest 15.5 14.7
Income taxes, net of refunds 0.8 1.5
Supplemental disclosure of noncash activities    
Right-of-use assets obtained in exchange for operating lease obligations 8.8 5.7
Property and equipment obtained in exchange for finance lease obligations 1.2 1.0
Seller obligations in connection with acquisition of businesses 0.6 6.0
Unpaid purchases of property and equipment included in accounts payable $ 2.8 $ 2.3