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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Mar. 25, 2020
Mar. 27, 2019
Cash flows from operating activities    
Net income $ 73.6 $ 108.2
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation and amortization 120.9 109.5
Stock-based compensation 9.0 13.0
Restructure charges and other impairments 24.8 14.4
Net loss (gain) on disposal of assets 1.1 (27.6)
Other 1.7 2.1
Changes in assets and liabilities:    
Accounts receivable, net 12.8 4.1
Inventories (1.2) 0.2
Restaurant supplies (0.3) (0.3)
Prepaid expenses 10.8 (1.3)
Operating lease assets, net of liabilities (6.3) 0.0
Deferred income taxes, net 4.2 (83.8)
Other assets (0.4) (0.5)
Accounts payable (1.7) 4.2
Gift card liability 5.1 (1.3)
Accrued payroll (26.6) 8.5
Other accrued liabilities 11.1 2.6
Current income taxes (0.2) 1.1
Other liabilities (0.6) (2.5)
Net cash provided by operating activities 237.8 150.6
Cash flows from investing activities    
Payments for property and equipment (82.0) (128.0)
Payments for franchise restaurant acquisitions (94.6) (1.3)
Proceeds from sale of assets 1.0 1.4
Proceeds from note receivable 2.2 2.0
Insurance recoveries 0.0 1.4
Proceeds from sale leaseback transactions, net of related expenses 0.0 468.8
Net cash (used in) provided by investing activities (173.4) 344.3
Cash flows from financing activities    
Borrowings on revolving credit facility 806.8 626.0
Payments on revolving credit facility (630.0) (903.0)
Purchases of treasury stock (32.3) (167.7)
Payments of dividends (43.3) (46.0)
Payments on long-term debt (12.4) (5.7)
Proceeds from issuances of treasury stock 1.6 2.8
Payments for debt issuance costs (1.0) 0.0
Net cash provided by (used in) financing activities 89.4 (493.6)
Net change in cash and cash equivalents 153.8 1.3
Cash and cash equivalents at beginning of period 13.4 10.9
Cash and cash equivalents at end of period $ 167.2 $ 12.2