Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
Cash flows from operating activities:    
Net income $ 448.2 $ 434.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 306.3 304.0
Provision for deferred income taxes 9.0 (9.4)
Amortization of debt discount and debt-issuance costs 3.3 51.7
Other non-cash adjustments to net income 61.4 49.1
Loss on debt extinguishment 0.0 114.7
Changes in operating assets and liabilities 15.8 (175.7)
Net cash provided by operating activities 844.0 768.8
Cash flows from investing activities:    
Capital expenditures (502.5) (394.3)
Proceeds from governmental grant 16.5 0.0
Payments for fixed asset disposition (2.7) (0.4)
Net cash used in investing activities (488.7) (394.7)
Cash flows from financing activities:    
Proceeds from long-term debt, net of discount 0.0 4,775.8
Principal payments for long-term debt 0.0 (5,432.7)
Debt-issuance and debt extinguishment costs 0.0 (155.3)
Proceeds from revolving credit facility 0.0 50.0
Repayments of revolving credit facility 0.0 (50.0)
Proceeds from stock issued pursuant to stock-based compensation plans 9.1 10.2
Cash paid for taxes on exercises/vesting of stock-based compensation (23.9) (21.7)
Payments for repurchase of stock (139.2) 0.0
Net cash used in financing activities (154.0) (823.7)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.3 (0.9)
Net increase (decrease) in cash, cash equivalents and restricted cash 201.6 (450.5)
Cash, cash equivalents and restricted cash at beginning of period 446.7 1,097.8
Cash, cash equivalents and restricted cash at end of period 648.3 647.3
Cash paid for:    
Interest, net of amounts capitalized 84.2 277.7
Income taxes 220.1 169.2
Non-cash transactions:    
Accrued capital expenditures $ 55.7 $ 46.4