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Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 1,114.5 $ 988.6 $ 788.5
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 290.6 191.2 425.6
Equity-based compensation expense 91.1 72.6 42.5
Deferred income taxes (18.2) (6.7) (20.2)
Provision for credit losses 8.3 (5.4) 30.9
Other 16.2 (24.1) 42.1
Changes in assets and liabilities:      
Accounts receivable (34.8) (616.8) (226.4)
Merchandise inventory 111.9 (151.0) (71.4)
Other assets (208.9) (134.8) 18.6
Accounts payable-trade (260.0) 374.5 253.7
Other liabilities 225.2 96.5 30.4
Net cash provided by operating activities 1,335.9 784.6 1,314.3
Cash flows from investing activities:      
Capital expenditures (127.8) (100.0) (158.0)
Acquisitions of businesses, net of cash acquired (36.7) (2,705.6) (43.0)
Proceeds from the sale of equity method investment 0.0 36.0 0.0
Net cash used in investing activities (164.5) (2,769.6) (201.0)
Cash flows from financing activities:      
Proceeds from borrowings under revolving credit facilities 2,301.4 1,619.7 1,024.0
Repayments of borrowings under revolving credit facilities (2,531.2) (1,300.5) (1,075.0)
Proceeds from issuance of long-term debt 0.0 3,917.5 1,300.0
Repayments of debt (635.5) (11.2) (21.4)
Repayments of receivable financing liability (68.8) (15.8) 0.0
Payments to extinguish debt 0.0 (1,469.2) (622.5)
Payments of debt financing fees 0.0 (38.1) (16.2)
Net change in accounts payable-inventory financing 84.6 (161.8) 93.0
Financing payments for revenue generating assets 0.0 (46.1) (18.1)
Repurchases of common stock 0.0 (1,500.4) (340.6)
Proceeds from stock option exercises 30.2 69.9 49.2
Payment of incentive compensation plan withholding taxes (23.1) (28.5) (22.5)
Dividend payments (282.6) (234.8) (219.6)
Other 22.9 32.1 8.5
Net cash (used in) provided by financing activities (1,102.1) 832.8 138.8
Effect of exchange rate changes on cash and cash equivalents (12.2) 0.1 4.1
Net increase (decrease) in cash and cash equivalents 57.1 (1,152.1) 1,256.2
Cash and cash equivalents – beginning of period 258.1 1,410.2 154.0
Cash and cash equivalents – end of period 315.2 258.1 1,410.2
Supplementary disclosure of cash flow information:      
Interest paid (224.3) (134.3) (139.4)
Income taxes paid, net $ (362.2) $ (351.0) $ (245.6)