Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Feb. 01, 2025
Feb. 03, 2024
Jan. 28, 2023
Cash flows from operating activities:      
Net income (loss) $ (3,030.1) $ (998.4) $ 1,615.4
Income (loss) from discontinued operations, net of tax (4,072.6) (2,264.2) 115.3
Income from continuing operations 1,042.5 1,265.8 1,500.1
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 526.9 400.5 365.3
Provision for deferred income taxes 49.3 55.1 55.2
Stock-based compensation expense 106.9 76.3 91.5
Impairments 52.1 10.9 1.5
Other non-cash adjustments to income from continuing operations 20.0 8.6 9.6
Changes in operating assets and liabilities:      
Merchandise inventories (182.6) 488.2 (712.1)
Other current assets (32.8) (37.9) (6.2)
Other assets (78.1) (54.5) (13.0)
Accounts payable 541.4 87.9 87.7
Income taxes payable 110.6 67.2 19.6
Other current liabilities 14.4 92.4 15.7
Other liabilities 45.4 14.5 (9.0)
Operating lease right-of-use assets and liabilities, net (22.7) (74.2) 12.0
Net cash provided by operating activities of continuing operations 2,193.3 2,400.8 1,417.9
Cash flows from investing activities:      
Capital expenditures (1,300.5) (1,193.8) (639.0)
Proceeds From Insurance Recoveries 50.0 0.0 0.0
Proceeds from (payments for) fixed asset disposition 1.1 (1.0) (4.7)
Net cash used in investing activities of continuing operations (1,249.4) (1,194.8) (643.7)
Cash flows from financing activities:      
Proceeds from revolving credit facility 0.0 0.0 555.0
Repayments of revolving credit facility 0.0 0.0 (555.0)
Proceeds from commercial paper notes 3,206.1 1,067.9 0.0
Repayments of commercial paper notes (3,206.1) (1,067.9) 0.0
Proceeds from stock issued pursuant to stock-based compensation plans 9.8 10.0 9.3
Cash paid for taxes on exercises/vesting of stock-based compensation (21.1) (40.0) (48.6)
Payments for repurchase of stock (400.0) (500.0) (647.5)
Net cash used in financing activities (411.3) (530.0) (686.8)
Cash flows from discontinued operations:      
Net cash provided by operating activities of discontinued operations 669.2 283.7 196.9
Net cash used in investing activities of discontinued operations (446.0) (912.8) (610.1)
Net cash provided by (used in) discontinued operations 223.2 (629.1) (413.2)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1.8) (1.0) (1.2)
Net change in cash, cash equivalents and restricted cash 754.0 45.9 (327.0)
Cash, cash equivalents and restricted cash at beginning of year 757.2 711.3 1,038.3
Cash, cash equivalents and restricted cash at end of year 1,511.2 757.2 711.3
Cash paid for:      
Interest, net of amounts capitalized [1] 132.8 131.4 132.2
Income taxes [1] 175.9 274.0 401.3
Non-cash transactions:      
Right-of-use assets obtained in exchange for new operating lease liabilities [1] 1,753.5 1,893.1 1,538.3
Accrued capital expenditures [1] $ 74.5 $ 138.8 $ 86.6
[1]
(1) Supplemental disclosures are inclusive of activity for both continuing and discontinued operations.