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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 496.1 $ 497.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 148.2 136.7
Equity-based compensation expense 44.0 48.1
Deferred income taxes (29.9) (19.9)
Provision for credit losses 15.9 9.8
Other (1.6) 2.9
Changes in assets and liabilities:    
Accounts receivable (450.1) (161.5)
Merchandise inventory (147.3) (57.7)
Other assets (217.1) (203.8)
Accounts payable-trade 384.7 236.9
Other liabilities 200.2 101.2
Net cash provided by operating activities 443.1 589.9
Cash flows from investing activities:    
Capital expenditures (49.4) (60.4)
Proceeds from short-term investments 211.1 0.0
Acquisitions of businesses, net of cash acquired (5.0) (0.2)
Other (2.1) 0.0
Net cash provided by (used in) investing activities 154.6 (60.6)
Cash flows from financing activities:    
Proceeds from borrowings under revolving credit facility 1,089.6 0.0
Repayments of borrowings under revolving credit facility (1,089.6) 0.0
Repayments of long-term debt (211.1) 0.0
Proceeds from receivable financing liability 14.0 0.0
Repayments of receivable financing liability (15.3) (19.1)
Net change in accounts payable-inventory financing 65.2 (26.7)
Repurchases of common stock (350.1) (254.0)
Proceeds from stock option exercises 25.2 35.0
Payment of incentive compensation plan withholding taxes (20.9) (30.7)
Dividend payments (165.1) (166.3)
Other 8.9 12.2
Net cash (used in) financing activities (649.2) (449.6)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 25.0 (3.1)
Net (decrease) increase in cash, cash equivalents and restricted cash (26.5) 76.6
Cash, cash equivalents, and restricted cash—beginning of period [1] 507.7 588.7
Cash, cash equivalents and restricted cash—end of period [1] 481.2 665.3
Supplementary disclosure of cash flow information:    
Interest paid (120.4) (114.2)
Income taxes paid, net $ (163.3) $ (147.6)
[1] Restricted cash is presented within Prepaid expenses and other on the Consolidated Balance Sheets, as applicable.