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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
4 Months Ended
Jun. 18, 2022
Jun. 19, 2021
Cash flows from operating activities:    
Net income $ 484.2 $ 444.8
Adjustments to reconcile net income to net cash provided by operating activities:    
(Gain) loss on property dispositions and impairment losses, net (79.4) 0.3
Depreciation and amortization 547.7 504.2
Operating lease right-of-use assets amortization 198.8 189.3
LIFO expense 62.1 14.5
Deferred income tax 2.8 (17.9)
Contributions to pension and post-retirement benefit plans, net of (income) expense (9.5) (14.5)
Gain on interest rate swaps and energy hedges, net (18.5) (6.3)
Equity-based compensation expense 35.3 22.2
Other 25.2 (22.9)
Changes in operating assets and liabilities:    
Receivables, net (5.4) (74.7)
Inventories, net (134.4) 14.8
Accounts payable, accrued salaries and wages and other accrued liabilities (123.2) (31.3)
Operating lease liabilities (118.1) (109.5)
Self-insurance assets and liabilities 24.5 27.5
Other operating assets and liabilities 99.8 118.5
Net cash provided by operating activities 991.9 1,059.0
Cash flows from investing activities:    
Business acquisitions, net of cash acquired 0.0 (23.5)
Payments for property, equipment and intangibles, including payments for lease buyouts (613.8) (513.4)
Proceeds from sale of long-lived assets 71.8 15.2
Other investing activities (9.4) 28.7
Net cash used in investing activities (551.4) (493.0)
Cash flows from financing activities:    
Payments on long-term borrowings (0.1) (0.3)
Payments of obligations under finance leases (13.1) (14.1)
Dividends paid on common stock (63.0) (46.5)
Dividends paid on convertible preferred stock (22.8) (29.5)
Employee tax withholding on vesting of restricted stock units (37.3) (10.0)
Other financing activities 6.8 (8.8)
Net cash used in financing activities (129.5) (109.2)
Net increase in cash and cash equivalents and restricted cash 311.0 456.8
Cash and cash equivalents and restricted cash at beginning of period 2,952.6 1,767.6
Cash and cash equivalents and restricted cash at end of period $ 3,263.6 $ 2,224.4