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
Jan. 31, 2026
Feb. 01, 2025
Feb. 03, 2024
Cash flows from operating activities:      
Net income (loss) $ 1,282.5 $ (3,030.1) $ (998.4)
Income (loss) from discontinued operations, net of tax 57.2 (4,072.6) (2,264.2)
Income from continuing operations 1,225.3 1,042.5 1,265.8
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 648.1 526.9 400.5
Provision for deferred income taxes 147.4 49.3 55.1
Stock-based compensation expense 58.9 106.9 76.3
Impairments 9.0 52.1 10.9
Gain on insurance proceeds related to fixed assets (41.0) 0.0 0.0
Other non-cash adjustments to income from continuing operations 92.9 20.0 8.6
Changes in operating assets and liabilities:      
Merchandise inventories 130.6 (182.6) 488.2
Income taxes receivable (13.7) 0.0 0.0
Other current assets (65.7) (32.8) (37.9)
Other assets (45.2) (78.1) (54.5)
Accounts payable (178.1) 541.4 87.9
Income taxes payable 128.9 110.6 67.2
Other current liabilities 101.8 14.4 92.4
Other liabilities 63.1 45.4 14.5
Operating lease right-of-use assets and liabilities, net (71.6) (22.7) (74.2)
Net cash provided by operating activities of continuing operations 2,190.7 2,193.3 2,400.8
Cash flows from investing activities:      
Capital expenditures (1,134.0) (1,300.5) (1,193.8)
Proceeds from sale of discontinued operations 680.0 0.0 0.0
Cash divested from sale of discontinued operations (246.0) 0.0 0.0
Proceeds from insurance recoveries 50.0 50.0 0.0
Proceeds from (payments for) fixed asset disposition 1.3 1.1 (1.0)
Net cash used in investing activities of continuing operations (648.7) (1,249.4) (1,194.8)
Cash flows from financing activities:      
Proceeds from commercial paper notes 10,117.2 3,206.1 1,067.9
Repayments of commercial paper notes (10,117.2) (3,206.1) (1,067.9)
Proceeds from stock issued pursuant to stock-based compensation plans 8.2 9.8 10.0
Cash paid for taxes on exercises/vesting of stock-based compensation (13.3) (21.1) (40.0)
Payments for repurchase of stock (1,548.0) (400.0) (500.0)
Net cash used in financing activities (2,556.9) (411.3) (530.0)
Cash flows from discontinued operations:      
Principal payments for long-term debt (1,000.0) 0.0 0.0
Debt-issuance costs (3.8) 0.0 0.0
Net cash provided by operating activities of discontinued operations 343.3 669.2 283.7
Net cash used in investing activities of discontinued operations (79.8) (446.0) (912.8)
Net cash provided by (used in) discontinued operations 263.5 223.2 (629.1)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.9 (1.8) (1.0)
Net change in cash, cash equivalents and restricted cash (750.5) 754.0 45.9
Cash, cash equivalents and restricted cash at beginning of year 1,511.2 757.2 711.3
Cash, cash equivalents and restricted cash at end of year 760.7 1,511.2 757.2
Cash paid for:      
Interest, net of amounts capitalized [1] 125.4 132.8 131.4
Non-cash transactions:      
Right-of-use assets obtained in exchange for new operating lease liabilities [1] 1,301.0 1,753.5 1,893.1
Accrued capital expenditures [1] $ 45.7 $ 74.5 $ 138.8
[1]
(1) Supplemental disclosures are inclusive of activity for discontinued operations through the completion of the sale of the Family Dollar business on July 5, 2025.