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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
4 Months Ended
Jun. 19, 2021
Jun. 20, 2020
Cash flows from operating activities:    
Net income $ 444.8 $ 586.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on property dispositions and impairment losses, net 0.3 30.3
Depreciation and amortization 504.2 460.1
Operating lease right-of-use assets amortization 189.3 176.4
LIFO expense 14.5 13.1
Deferred income tax (17.9) (51.2)
Contributions to pension and post-retirement benefit plans, net of (income) expense (14.5) (63.5)
(Gain) loss on interest rate swaps and commodity hedges, net (6.3) 24.5
Equity-based compensation expense 22.2 19.0
Other (22.9) (1.8)
Changes in operating assets and liabilities:    
Receivables, net (74.7) (4.7)
Inventories, net 14.8 67.8
Accounts payable, accrued salaries and wages and other accrued liabilities (31.3) 733.1
Operating lease liabilities (109.5) (98.7)
Self-insurance assets and liabilities 27.5 24.1
Other operating assets and liabilities 118.5 177.2
Net cash provided by operating activities 1,059.0 2,091.9
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (23.5) 0.0
Payments for property, equipment and intangibles, including payments for lease buyouts (513.4) (402.3)
Proceeds from sale of long-lived assets 15.2 6.7
Other investing activities 28.7 (3.8)
Net cash used in investing activities (493.0) (399.4)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 0.0 2,000.0
Payments on long-term borrowings (0.3) (2,001.4)
Payments of obligations under finance leases (14.1) (14.1)
Dividends paid on common stock (46.5) 0.0
Dividends paid on convertible preferred stock (29.5) 0.0
Proceeds from convertible preferred stock 0.0 1,680.0
Third party issuance costs on convertible preferred stock 0.0 (80.9)
Treasury stock purchase, at cost 0.0 (1,680.0)
Employee tax withholding on vesting of restricted stock units (10.0) (6.2)
Other financing activities (8.8) (4.3)
Net cash used in financing activities (109.2) (106.9)
Net increase in cash and cash equivalents and restricted cash 456.8 1,585.6
Cash and cash equivalents and restricted cash at beginning of period 1,767.6 478.9
Cash and cash equivalents and restricted cash at end of period $ 2,224.4 $ 2,064.5