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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 26, 2019
Jun. 27, 2018
Jun. 28, 2017
Cash flows from operating activities      
Net income $ 154.9 $ 125.9 $ 150.8
Adjustments to reconcile Net income to Net cash provided by operating activities:      
Depreciation and amortization 147.6 151.4 156.4
Stock-based compensation 16.4 14.2 14.5
Restructure charges and other impairments 26.5 21.7 14.4
Net (gain) loss on disposal of assets (33.1) 1.6 (0.4)
Undistributed loss on equity investments 0.0 0.3 0.0
Other 3.0 3.1 3.0
Changes in assets and liabilities:      
Accounts receivable, net (3.0) (3.3) 3.5
Inventories 1.0 0.0 0.0
Restaurant supplies (0.6) (1.2) (1.5)
Prepaid expenses (3.0) (1.7) (0.7)
Deferred income taxes, net (75.8) 3.4 (22.7)
Other assets 0.9 0.3 0.3
Accounts payable (4.1) 1.6 3.0
Gift card liability (10.1) (7.3) 4.2
Accrued payroll 6.8 4.2 (0.7)
Other accrued liabilities (7.7) (6.8) (5.8)
Current income taxes (12.7) (14.9) (7.7)
Other liabilities 5.7 (8.0) 4.5
Net cash provided by operating activities 212.7 284.5 315.1
Cash flows from investing activities      
Payments for property and equipment (167.6) (101.3) (102.6)
Payments for franchise restaurant acquisitions (3.1) 0.0 0.0
Proceeds from sale of assets 1.6 19.9 3.2
Proceeds from note receivable 2.8 1.9 0.0
Insurance recoveries 1.7 1.7 0.0
Proceeds from sale leaseback transactions, net of related expenses 485.9 0.0 0.0
Net cash provided by (used in) investing activities 321.3 (77.8) (99.4)
Cash flows from financing activities      
Borrowings on revolving credit facility 853.0 1,016.0 250.0
Payments on revolving credit facility (1,150.0) (588.0) (388.0)
Purchases of treasury stock (167.7) (303.2) (370.9)
Payments of dividends (60.3) (70.0) (70.8)
Payments on long-term debt (9.5) (260.3) (3.8)
Proceeds from issuances of treasury stock 3.0 2.3 5.6
Payments for debt issuance costs 0.0 (1.6) (10.2)
Proceeds from issuance of long-term debt 0.0 0.0 350.0
Net cash used in financing activities (531.5) (204.8) (238.1)
Net change in cash and cash equivalents 2.5 1.9 (22.4)
Cash and cash equivalents at beginning of period 10.9 9.0 31.4
Cash and cash equivalents at end of period $ 13.4 $ 10.9 $ 9.0