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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 03, 2020
Dec. 28, 2018
Dec. 29, 2017
Operating activities:      
Net income $ 262.9 $ 156.3 $ 109.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Loss on extinguishment of debt 0.0 4.6 0.0
Depreciation 37.2 31.7 28.2
Amortization of intangible assets 35.0 37.3 36.1
Stock-based compensation 20.0 18.9 18.1
Deferred income taxes (41.4) (1.6) 13.6
Pension plan contributions (6.3) (7.4) (27.4)
Pension plan expenses 6.4 4.3 10.5
Impact of tax legislation 0.0 (2.1) 35.6
Impairment of intangible assets 0.0 0.0 5.7
Changes in current assets and liabilities, net      
Accounts receivable 66.6 (170.6) (54.2)
Inventories 91.4 (204.7) (39.8)
Accounts payable (224.2) 245.3 58.5
Other current assets and liabilities, net (7.1) 28.0 (10.0)
Other, net 12.6 2.3 0.1
Net cash provided by operating activities 227.9 137.7 183.8
Investing activities:      
Acquisitions of businesses, net of cash acquired 0.0 (150.1) 0.0
Capital expenditures, net (40.0) (42.4) (41.1)
Other 2.9 9.1 0.0
Net cash used in investing activities (37.1) (183.4) (41.1)
Financing activities:      
Proceeds from borrowings 4,226.5 3,192.4 1,843.3
Repayments of borrowings (4,425.0) (3,082.4) (1,884.0)
Retirement of Notes due 2019 0.0 (353.9) 0.0
Proceeds from issuance of Notes due 2025 0.0 246.9 0.0
Repayments of Canadian term loan 0.0 0.0 (100.2)
Deferred financing costs 0.0 (2.9) 0.0
Proceeds from stock options exercised 4.7 1.5 5.0
Other, net (2.1) 0.0 (0.2)
Net cash (used in) provided by financing activities (195.9) 1.6 (136.1)
(Decrease) increase in cash and cash equivalents (5.1) (44.1) 6.6
Effect of exchange rate changes on cash balances 3.7 9.1 (5.7)
Cash and cash equivalents at beginning of period 81.0 116.0 115.1
Cash and cash equivalents at end of period 79.6 81.0 116.0
Cash paid for interest 74.3 73.9 70.6
Cash paid for taxes $ 87.1 $ 88.4 $ 76.4