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
Feb. 03, 2024
Jan. 28, 2023
Jan. 29, 2022
Cash flows from operating activities:      
Net income (loss) $ (998.4) $ 1,615.4 $ 1,327.9
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Goodwill impairment 1,069.0 0.0 0.0
Depreciation and amortization 841.0 767.9 716.0
Provision for deferred income taxes (258.6) 123.0 (23.2)
Stock-based compensation expense 96.7 110.4 79.9
Impairments, excluding goodwill 1,461.5 40.0 4.4
Other non-cash adjustments to net income (loss) 20.7 23.7 15.7
Loss on debt extinguishment 0.0 0.0 43.8
Changes in operating assets and liabilities:      
Merchandise inventories 335.6 (1,085.4) (940.4)
Other current assets (60.1) (17.9) (49.9)
Other assets (55.7) (6.8) (2.6)
Accounts payable 164.4 16.8 403.8
Income taxes payable (5.5) (24.5) (3.7)
Other current liabilities 193.0 (2.2) (36.5)
Other liabilities 35.9 (14.4) (98.2)
Operating lease right-of-use assets and liabilities, net (155.0) 68.8 (5.5)
Net cash provided by operating activities 2,684.5 1,614.8 1,431.5
Cash flows from investing activities:      
Capital expenditures (2,101.3) (1,248.8) (1,021.2)
Proceeds from governmental grant 0.0 0.0 2.9
Payments for fixed asset disposition (6.3) (5.0) (1.6)
Net cash used in investing activities (2,107.6) (1,253.8) (1,019.9)
Cash flows from financing activities:      
Proceeds from long-term debt, net of discount 0.0 0.0 1,197.4
Principal payments for long-term debt 0.0 0.0 (1,000.0)
Debt-issuance and debt extinguishment costs 0.0 0.0 (59.3)
Proceeds from revolving credit facility 0.0 555.0 0.0
Repayments of revolving credit facility 0.0 (555.0) 0.0
Proceeds from commercial paper notes 1,067.9 0.0 0.0
Repayments of commercial paper notes (1,067.9) 0.0 0.0
Proceeds from stock issued pursuant to stock-based compensation plans 10.0 9.3 17.8
Cash paid for taxes on exercises/vesting of stock-based compensation (40.0) (48.6) (42.4)
Payments for repurchase of stock (500.0) (647.5) (950.0)
Net cash used in financing activities (530.0) (686.8) (836.5)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1.0) (1.2) (0.4)
Net increase (decrease) in cash, cash equivalents and restricted cash 45.9 (327.0) (425.3)
Cash, cash equivalents and restricted cash at beginning of year 711.3 1,038.3 1,463.6
Cash, cash equivalents and restricted cash at end of year 757.2 711.3 1,038.3
Cash paid for:      
Interest, net of amounts capitalized 131.4 132.2 176.1
Income taxes 274.0 401.3 363.4
Non-cash transactions:      
Right-of-use assets obtained in exchange for new operating lease liabilities 1,893.1 1,538.3 1,495.3
Accrued capital expenditures $ 138.8 $ 86.6 $ 68.3