Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jan. 30, 2021
Feb. 01, 2020
Feb. 02, 2019
Cash flows from operating activities:      
Net income (loss) $ 1,341.9 $ 827.0 $ (1,590.8)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Goodwill impairment 0.0 313.0 2,727.0
Depreciation and amortization 686.6 645.4 621.1
Provision for deferred income taxes 30.7 9.1 (12.1)
Stock-based compensation expense 83.9 61.4 63.1
Amortization of debt discount and debt-issuance costs 4.0 6.9 57.2
Other non-cash adjustments to net income (loss) 19.0 24.5 7.8
Loss on debt extinguishment 0.0 0.0 114.7
Changes in operating assets and liabilities:      
Merchandise inventories 97.1 13.6 (369.2)
Other current assets 1.7 (8.4) (21.1)
Other assets (7.0) 8.2 0.9
Accounts payable 142.6 (79.8) 242.6
Income taxes payable 23.6 2.7 28.5
Other current liabilities 203.4 24.3 (105.4)
Other liabilities 88.2 (14.6) 1.7
Operating lease right-of-use assets and liabilities, net 0.6 36.5 0.0
Net cash provided by operating activities 2,716.3 1,869.8 1,766.0
Cash flows from investing activities:      
Capital expenditures (898.8) (1,034.8) (817.1)
Proceeds from governmental grant 0.0 16.5 0.0
Proceeds from (payments for) fixed asset disposition 9.1 (1.9) 0.4
Net cash used in investing activities (889.7) (1,020.2) (816.7)
Cash flows from financing activities:      
Proceeds from long-term debt, net of discount 0.0 0.0 4,775.8
Principal payments for long-term debt (550.0) (500.0) (6,214.7)
Debt-issuance and debt extinguishment costs 0.0 0.0 (155.3)
Proceeds from revolving credit facility 750.0 0.0 50.0
Repayments of revolving credit facility (750.0) 0.0 (50.0)
Proceeds from stock issued pursuant to stock-based compensation plans 17.0 15.2 17.5
Cash paid for taxes on exercises/vesting of stock-based compensation (16.9) (25.0) (23.2)
Payments for repurchase of stock (400.0) (200.0) 0.0
Net cash used in financing activities (949.9) (709.8) (1,599.9)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.9 (0.5) (0.5)
Net increase (decrease) in cash, cash equivalents and restricted cash 877.6 139.3 (651.1)
Cash, cash equivalents and restricted cash at beginning of year 586.0 446.7 1,097.8
Cash, cash equivalents and restricted cash at end of year 1,463.6 586.0 446.7
Cash paid for:      
Interest, net of amounts capitalized 152.9 170.2 383.4
Income taxes 357.7 266.8 277.5
Non-cash transactions:      
Accrued capital expenditures $ 44.9 $ 51.1 $ 43.2