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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
Net Income $ 130.4 $ 119.4
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 37.7 37.0
Non-cash operating lease expense 22.2 0.0
Deferred income taxes 3.3 6.6
Net gains on disposal of property (0.1) 0.0
Asset Impairment Charges 0.0 0.3
Net income attributable to noncontrolling interests (0.3) (0.3)
Changes in assets and liabilities:    
Trade receivables 11.7 (148.4)
Merchandise inventory 25.5 (87.6)
Other current assets 0.6 8.3
Other non-current assets (0.6) (13.3)
Trade accounts payable 8.0 115.9
Accrued payroll and benefit costs (56.1) (25.8)
Other current liabilities (0.6) 3.7
Other non-current liabilities (4.2) (33.0)
Total adjustments to net income 47.3 (136.6)
Net cash provided (used) by operating activities 177.7 (17.2)
Cash Flows from Investing Activities    
Proceeds from disposal of property 0.2 0.5
Capital expenditures for property (21.4) (27.3)
Net cash used by investing activities (21.2) (26.8)
Cash Flows from Financing Activities    
Net (decrease) increase in short-term borrowings 125.0 (76.4)
Principal payments under finance leases (3.2) (3.6)
Sale of common stock 16.6 15.9
Purchases of common stock (15.3) (12.8)
Sales of noncontrolling interests’ common stock 0.8 0.0
Purchases of noncontrolling interests’ common stock (0.4) (0.3)
Dividends paid (19.3) (17.5)
Net cash (used) provided by financing activities (145.8) 58.1
Net Increase in Cash 10.7 14.1
Cash, Beginning of Year 58.9 42.8
Cash, End of Period 69.6 56.9
Non-cash Investing and Financing Activities    
Acquisitions of equipment under finance leases 1.9 2.8
Acquisitions of assets under operating leases 44.4 0.0
Acquisition of software and maintenance under financing arrangement $ 0.0 $ 5.0