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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Mar. 29, 2023
Mar. 30, 2022
Cash flows from operating activities    
Net income $ 48.4 $ 77.4
Adjustments to reconcile Net income to Net cash provided by operating activities:    
Depreciation and amortization 126.2 123.1
Stock-based compensation 10.3 15.2
Restructure and impairment charges 12.2 8.7
Net loss on disposal of assets 2.9 2.3
Other 1.3 2.6
Changes in assets and liabilities, net of the impact of acquisitions:    
Accounts receivable, net (10.0) 8.0
Inventories 0.5 (3.4)
Restaurant supplies (0.7) (1.1)
Prepaid expenses (11.8) (6.9)
Operating lease assets, net of liabilities (2.2) 5.2
Deferred income taxes, net (18.9) (3.5)
Other assets (0.1) 0.2
Accounts payable 30.2 4.9
Gift card liability (4.9) (2.6)
Accrued payroll (9.5) (14.3)
Other accrued liabilities 14.6 3.5
Current income taxes 9.2 19.6
Other liabilities 3.1 (27.3)
Net cash provided by operating activities 200.8 211.6
Cash flows from investing activities    
Payments for property and equipment (136.6) (109.0)
Proceeds from note receivable 3.3 1.0
Payments for franchise restaurant acquisitions 0.0 (106.0)
Proceeds from sale leaseback transactions, net of related expenses 0.0 20.5
Proceeds from sale of assets 0.0 0.1
Net cash used in investing activities (133.3) (193.4)
Cash flows from financing activities    
Borrowings on revolving credit facility 375.0 595.5
Payments on revolving credit facility (425.0) (502.5)
Payments on long-term debt (16.7) (17.6)
Purchases of treasury stock (2.2) (100.8)
Payments of dividends (0.4) (1.1)
Payments for debt issuance costs 0.0 (3.1)
Proceeds from issuance of treasury stock 2.1 0.4
Net cash used in financing activities (67.2) (29.2)
Net change in cash and cash equivalents 0.3 (11.0)
Cash and cash equivalents at beginning of period 13.5 23.9
Cash and cash equivalents at end of period $ 13.8 $ 12.9