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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2021
Jun. 24, 2020
Jun. 26, 2019
Cash flows from operating activities      
Net income $ 131.6 $ 24.4 $ 154.9
Adjustments to reconcile Net income to Net cash provided by operating activities:      
Depreciation and amortization 150.2 162.3 147.6
Stock-based compensation 16.4 14.8 16.4
Restructure and impairment charges 9.8 28.9 26.5
Net loss (gain) on disposal of assets 1.8 1.2 (33.1)
Other 3.7 2.8 3.0
Changes in assets and liabilities:      
Accounts receivable, net (9.9) 4.1 (3.0)
Inventories (2.2) (2.8) 1.0
Restaurant supplies (1.0) (1.2) (0.6)
Prepaid expenses 0.3 7.2 (3.0)
Operating lease assets, net of liabilities (27.6) 3.6 0.0
Deferred income taxes, net (12.5) 8.6 (75.8)
Other assets (0.5) 0.1 0.9
Accounts payable 21.1 9.8 (4.1)
Gift card liability (3.5) 6.3 (10.1)
Accrued payroll 57.2 (17.8) 6.8
Other accrued liabilities 6.3 4.0 (7.7)
Current income taxes 14.7 (20.7) (12.7)
Other liabilities 13.8 9.4 5.7
Net cash provided by operating activities 369.7 245.0 212.7
Cash flows from investing activities      
Payments for property and equipment (94.0) (104.5) (167.6)
Proceeds from sale of assets 1.6 1.2 1.6
Proceeds from note receivable 1.5 2.8 2.8
Payments for franchise restaurant acquisitions 0.0 (94.6) (3.1)
Insurance recoveries 0.0 1.1 1.7
Proceeds from sale leaseback transactions, net of related expenses 0.0 0.0 485.9
Net cash (used in) provided by investing activities (90.9) (194.0) 321.3
Cash flows from financing activities      
Payments on revolving credit facility (345.0) (858.8) (1,150.0)
Borrowings on revolving credit facility 43.4 808.4 853.0
Payments on long-term debt (20.0) (17.8) (9.5)
Purchases of treasury stock (4.2) (32.4) (167.7)
Payments for debt issuance costs (2.2) (3.2) 0.0
Payments of dividends (1.5) (57.4) (60.3)
Proceeds from issuance of treasury stock 30.7 1.6 3.0
Proceeds from issuance of common stock 0.0 146.9 0.0
Payments for common stock issuance costs 0.0 (7.8) 0.0
Net cash used in financing activities (298.8) (20.5) (531.5)
Net change in cash and cash equivalents (20.0) 30.5 2.5
Cash and cash equivalents at beginning of period 43.9 13.4 10.9
Cash and cash equivalents at end of period $ 23.9 $ 43.9 $ 13.4