XML 25 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jun. 26, 2024
Jun. 28, 2023
Jun. 29, 2022
Cash flows from operating activities      
Net income $ 155.3 $ 102.6 $ 117.6
Adjustments to reconcile Net income to Net cash provided by operating activities:      
Depreciation and amortization 170.8 168.5 164.4
Deferred income taxes, net (20.6) (30.9) (11.7)
Non-cash other (gains) and charges 28.7 24.0 20.3
Stock-based compensation 25.9 14.4 18.6
Net loss on disposal of assets 3.5 2.7 3.4
Other 2.8 1.8 3.0
Changes in assets and liabilities:      
Accounts receivable, net (0.6) 0.7 3.4
Inventories (0.5) (0.0) (5.5)
Restaurant supplies (1.0) (1.1) (1.6)
Prepaid expenses (12.3) (20.6) (12.2)
Income taxes 4.0 8.0 14.4
Operating lease assets, net of liabilities (4.0) (2.8) 3.4
Other assets (0.4) (0.0) (0.0)
Accounts payable 30.8 (5.8) 0.2
Gift card liability (8.2) (10.9) (23.3)
Accrued payroll 24.7 (5.3) (11.5)
Other accrued liabilities 21.7 10.0 (2.0)
Other liabilities 1.3 1.0 (28.7)
Net cash provided by operating activities 421.9 256.3 252.2
Cash flows from investing activities      
Payments for property and equipment (198.9) (184.9) (150.3)
Payments for franchise restaurant acquisitions 0.0 0.0 (106.6)
Proceeds from sale leaseback transactions, net of related expenses 0.0 0.0 20.5
Proceeds from note receivable 1.3 4.5 2.1
Proceeds from sale of assets 4.7 5.5 0.1
Insurance recoveries 0.7 0.7 0.0
Net cash used in investing activities (192.2) (174.2) (234.2)
Cash flows from financing activities      
Borrowings on revolving credit facility 389.0 765.0 720.5
Payments on revolving credit facility (550.3) (875.0) (620.5)
Proceeds from issuance of long-term debt 0.0 350.0 0.0
Payments on long-term debt (20.1) (322.1) (23.7)
Purchases of treasury stock (25.8) (5.0) (100.9)
Proceeds from issuance of treasury stock 27.9 12.5 0.4
Payments for debt issuance costs (0.7) (5.3) (3.1)
Payments of dividends (0.2) (0.6) (1.1)
Net cash used in financing activities (180.2) (80.5) (28.4)
Net change in cash and cash equivalents 49.5 1.6 (10.4)
Cash and cash equivalents at beginning of period 15.1 13.5 23.9
Cash and cash equivalents at end of period 64.6 15.1 13.5
Supplemental disclosure of cash flow information:      
Income taxes paid (refunds received), net 26.1 12.4 (4.7)
Interest paid, net of amounts capitalized 50.3 51.0 41.0
Accrued capital expenditures $ 16.5 $ 11.3 $ 15.2