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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net income $ 506.7 $ 357.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 91.8 216.6
Equity-based compensation expense 36.4 14.4
Deferred income taxes (3.1) 7.3
Provision for credit losses (6.0) 27.1
Other (31.0) 6.8
Changes in assets and liabilities:    
Accounts receivable (140.5) (80.4)
Merchandise inventory (127.9) (89.3)
Other assets (74.0) 19.3
Accounts payable-trade 107.5 (2.1)
Other liabilities (15.0) 39.1
Net cash provided by operating activities 344.9 515.8
Cash flows from investing activities:    
Capital expenditures (38.5) (100.0)
Acquisition of business, net of cash acquired (211.6) 0.0
Proceeds from the sale of equity method investment 36.0 0.0
Net cash used in investing activities (214.1) (100.0)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit facility 56.5 1,024.0
Repayments of borrowings under revolving credit facility 0.0 (1,025.0)
Proceeds from issuance of long-term debt 0.0 600.0
Payments to extinguish long-term debt (56.5) 0.0
Net change in accounts payable-inventory financing (150.1) 52.3
Financing payments for revenue generating assets (46.1) 0.0
Repurchases of common stock (735.3) (140.8)
Proceeds from stock option exercises 41.8 0.0
Payment of incentive compensation plan withholding taxes (27.8) (21.9)
Dividend payments (112.3) (108.3)
Other (12.7) 14.0
Net cash (used in) provided by financing activities (1,042.5) 394.3
Effect of exchange rate changes on cash and cash equivalents 2.7 (5.7)
Net (decrease) increase in cash and cash equivalents (909.0) 804.4
Cash and cash equivalents—beginning of period 1,410.2 154.0
Cash and cash equivalents—end of period 501.2 958.4
Supplementary disclosure of cash flow information:    
Interest paid (66.4) (67.2)
Income taxes paid, net $ (157.6) $ (21.5)