XML 14 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Cash flows from operating activities:    
Net income $ 199.0 $ 166.8
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation 170.1 153.5
Amortization of intangible assets 102.5 90.9
Amortization of deferred financing costs 5.3 5.2
Provision for losses on accounts receivables 11.6 7.2
Change in LIFO reserve 41.0 51.8
Stock compensation expense 21.7 22.9
Deferred income tax (benefit) expense (14.5) 1.5
Change in fair value of derivative assets and liabilities (3.7) 15.9
Other non-cash activities (3.0) 5.1
Changes in operating assets and liabilities, net    
Accounts receivable 107.2 147.9
Inventories 32.7 90.1
Income taxes receivable (20.7) (51.6)
Prepaid expenses and other assets (40.9) 9.3
Trade accounts payable and outstanding checks in excess of deposits (46.9) (202.6)
Accrued expenses and other liabilities (7.4) (89.4)
Net cash provided by operating activities 554.0 424.5
Cash flows from investing activities:    
Purchases of property, plant and equipment (147.1) (98.1)
Net cash paid for acquisitions (308.1) (65.8)
Proceeds from sale of property, plant and equipment and other 18.8 3.6
Net cash used in investing activities (436.4) (160.3)
Cash flows from financing activities:    
Net borrowings (payments) under ABL Facility 39.0 (232.1)
Payments under finance lease obligations (56.5) (42.8)
Proceeds from employee stock purchase plan 0.0 14.3
Proceeds from exercise of stock options 1.1 0.4
Cash paid for shares withheld to cover taxes (18.9) (9.1)
Repurchases of common stock (78.1) 0.0
Other financing activities (0.3) (0.3)
Net cash used in financing activities (113.7) (269.6)
Net increase (decrease) in cash and restricted cash 3.9 (5.4)
Cash and restricted cash, beginning of period 20.0 18.7
Cash and restricted cash, end of period 23.9 13.3
Interest 122.3 105.0
Income tax payments net of refunds $ 109.0 $ 105.1