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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Mar. 27, 2019
Mar. 28, 2018
Cash flows from operating activities    
Net income $ 108.2 $ 82.1
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation and amortization 109.5 113.7
Stock-based compensation 13.0 11.0
Restructure charges and other impairments 14.4 16.1
Net (gain) loss on disposal of assets (27.6) 1.4
Undistributed loss on equity investments 0.0 0.3
Other 2.1 2.4
Changes in assets and liabilities:    
Accounts receivable, net 4.1 2.7
Inventories 0.2 (0.1)
Restaurant supplies (0.3) (1.1)
Prepaid expenses (1.3) 3.9
Deferred income taxes, net (83.8) 7.8
Other assets (0.5) (0.1)
Accounts payable 4.2 0.3
Gift card liability (1.3) 0.2
Accrued payroll 8.5 5.7
Other accrued liabilities 2.6 6.7
Current income taxes 1.1 (11.0)
Other liabilities (2.5) (4.3)
Net cash provided by operating activities 150.6 237.7
Cash flows from investing activities    
Payments for property and equipment (128.0) (69.5)
Payments for franchise restaurant acquisitions (1.3) 0.0
Proceeds from sale of assets 1.4 14.8
Proceeds from note receivable 2.0 1.2
Insurance recoveries 1.4 1.7
Proceeds from sale leaseback transactions, net of related expenses 468.8 0.0
Net cash provided by (used in) investing activities 344.3 (51.8)
Cash flows from financing activities    
Borrowings on revolving credit facility 626.0 524.0
Payments on revolving credit facility (903.0) (484.0)
Purchases of treasury stock (167.7) (162.0)
Payments of dividends (46.0) (53.1)
Payments on long-term debt (5.7) (7.8)
Proceeds from issuances of treasury stock 2.8 1.3
Net cash used in financing activities (493.6) (181.6)
Net change in cash and cash equivalents 1.3 4.3
Cash and cash equivalents at beginning of period 10.9 9.1
Cash and cash equivalents at end of period $ 12.2 $ 13.4