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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 550.2 $ 551.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 349.0 197.5
Equity-based compensation expense 26.0 37.7
Deferred income taxes (2.5) (33.5)
Provision for credit losses 30.4 2.1
Other 38.4 23.1
Changes in assets and liabilities:    
Accounts receivable (304.9) (171.8)
Merchandise inventory (34.2) (151.1)
Other assets (10.3) (82.2)
Accounts payable-trade 106.8 264.0
Other liabilities (10.5) 45.3
Net cash provided by operating activities 738.4 682.3
Cash flows used in investing activities:    
Capital expenditures (133.6) (75.0)
Acquisition of business, net of cash acquired (38.5) (75.0)
Net cash used in investing activities (172.1) (150.0)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit facility 1,024.0 1,860.5
Repayments of borrowings under revolving credit facility (1,075.0) (1,834.5)
Proceeds from issuance of long-term debt 1,300.0 600.0
Payments to extinguish long-term debt (622.5) (538.1)
Net change in accounts payable-inventory financing 232.5 (17.4)
Repurchases of common stock (140.8) (493.3)
Payment of incentive compensation plan withholding taxes (22.1) (21.3)
Dividend payments (162.4) (128.9)
Other (2.0) 4.5
Net cash provided by (used in) financing activities 531.7 (568.5)
Effect of exchange rate changes on cash and cash equivalents (2.5) (2.7)
Net increase (decrease) in cash and cash equivalents 1,095.5 (38.9)
Cash and cash equivalents—beginning of period 154.0 205.8
Cash and cash equivalents—end of period 1,249.5 166.9
Supplementary disclosure of cash flow information:    
Interest paid (90.5) (124.8)
Income taxes paid, net $ (196.4) $ (203.0)