| BALANCE SHEET COMPONENTS |
BALANCE SHEET COMPONENTS
Other Current Assets
Other current assets as of February 2, 2019 and February 3, 2018 consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
February 2, |
|
February 3, |
(in millions) |
|
2019 |
|
2018 |
Prepaid rent |
|
$ |
142.5 |
|
|
$ |
138.3 |
|
Accounts receivable, net |
|
100.9 |
|
|
90.4 |
|
Prepaid store supplies |
|
46.3 |
|
|
47.1 |
|
Other prepaid assets |
|
45.5 |
|
|
33.4 |
|
Total other current assets |
|
$ |
335.2 |
|
|
$ |
309.2 |
|
Property, Plant and Equipment, Net
Property, plant and equipment, net, as of February 2, 2019 and February 3, 2018 consists of the following:
|
|
|
|
|
|
|
|
|
|
|
|
February 2, |
|
February 3, |
(in millions) |
|
2019 |
|
2018 |
Land |
|
$ |
215.3 |
|
|
$ |
208.0 |
|
Buildings |
|
1,300.7 |
|
|
1,092.5 |
|
Leasehold improvements |
|
2,037.4 |
|
|
1,860.2 |
|
Furniture, fixtures and equipment |
|
3,348.7 |
|
|
3,003.3 |
|
Construction in progress |
|
233.8 |
|
|
228.8 |
|
Total property, plant and equipment |
|
7,135.9 |
|
|
6,392.8 |
|
Less: accumulated depreciation |
|
3,690.6 |
|
|
3,192.1 |
|
Total property, plant and equipment, net |
|
$ |
3,445.3 |
|
|
$ |
3,200.7 |
|
Depreciation expense was $555.7 million, $542.0 million, and $561.8 million for the years ended February 2, 2019, February 3, 2018, and January 28, 2017, respectively.
Other Current Liabilities
Other current liabilities as of February 2, 2019 and February 3, 2018 consist of accrued expenses for the following:
|
|
|
|
|
|
|
|
|
|
|
|
February 2, |
|
February 3, |
(in millions) |
|
2019 |
|
2018 |
Taxes (other than income taxes) |
|
$ |
159.5 |
|
|
$ |
176.6 |
|
Compensation and benefits |
|
122.1 |
|
|
155.2 |
|
Insurance |
|
106.0 |
|
|
105.4 |
|
Accrued construction costs |
|
43.2 |
|
|
45.0 |
|
Rent-related liabilities |
|
37.5 |
|
|
34.1 |
|
Accrued interest |
|
29.1 |
|
|
91.1 |
|
Accrued utility expenses |
|
23.1 |
|
|
23.9 |
|
Other |
|
98.8 |
|
|
105.6 |
|
Total other current liabilities |
|
$ |
619.3 |
|
|
$ |
736.9 |
|
Other Liabilities
Other long-term liabilities as of February 2, 2019 and February 3, 2018 consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
February 2, |
|
February 3, |
(in millions) |
|
2019 |
|
2018 |
Insurance |
|
$ |
221.6 |
|
|
$ |
230.2 |
|
Deferred rent |
|
142.8 |
|
|
136.5 |
|
Other |
|
45.5 |
|
|
33.6 |
|
Total other long-term liabilities |
|
$ |
409.9 |
|
|
$ |
400.3 |
|
|