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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Dec. 23, 2020
Dec. 25, 2019
Cash flows from operating activities    
Net income $ 22.7 $ 42.8
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation and amortization 74.6 77.4
Stock-based compensation 6.9 9.7
Restructure charges and other impairments 3.8 6.1
Net loss on disposal of assets 0.8 0.5
Other 1.7 1.3
Changes in assets and liabilities:    
Accounts receivable, net (23.1) (48.7)
Inventories 0.2 (0.5)
Restaurant supplies (0.2) (0.1)
Prepaid expenses 2.1 1.6
Operating lease assets, net of liabilities (11.8) (3.0)
Deferred income taxes, net (15.3) 6.5
Other assets (0.1) (0.2)
Accounts payable (4.0) (4.7)
Gift card liability 20.1 44.8
Accrued payroll (4.8) (10.8)
Other accrued liabilities 7.3 14.9
Current income taxes 9.9 4.4
Other liabilities 39.2 0.3
Net cash provided by operating activities 130.0 142.3
Cash flows from investing activities    
Payments for property and equipment (37.1) (51.4)
Proceeds from note receivable 1.3 1.4
Proceeds from sale of assets 1.3 0.3
Payments for franchise restaurant acquisitions 0.0 (96.2)
Net cash used in investing activities (34.5) (145.9)
Cash flows from financing activities    
Payments on revolving credit facility (95.0) (416.0)
Borrowings on revolving credit facility 28.4 463.0
Payments on long-term debt (9.8) (5.0)
Purchases of treasury stock (3.9) (11.3)
Payments for debt issuance costs (2.2) (1.0)
Payments of dividends (1.3) (29.0)
Proceeds from issuance of treasury stock 8.5 1.5
Net cash (used in) provided by financing activities (75.3) 2.2
Net change in cash and cash equivalents 20.2 (1.4)
Cash and cash equivalents at beginning of period 43.9 13.4
Cash and cash equivalents at end of period $ 64.1 $ 12.0