Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Aug. 01, 2026
Aug. 02, 2025
Cash flows from operating activities:    
Net income $ 861.8 $ 531.8
Income from discontinued operations, net of tax 0.0 62.8
Income from continuing operations 861.8 469.0
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 356.8 313.1
Provision for deferred income taxes 193.9 158.7
Stock-based compensation expense 40.7 31.6
Impairments 0.4 0.1
Gain on insurance proceeds related to fixed assets 0.0 (41.0)
Other non-cash adjustments to income from continuing operations 22.6 14.6
Changes in operating assets and liabilities:    
Merchandise inventories 40.2 (7.4)
Income taxes receivable 3.0 (18.0)
Other current assets (4.4) (52.7)
Other assets (17.0) (17.3)
Accounts payable 97.2 (114.0)
Income taxes payable 0.0 (121.0)
Other current liabilities (38.6) 41.1
Other liabilities 19.4 15.5
Operating lease right-of-use assets and liabilities, net (10.5) (33.1)
Net cash provided by operating activities of continuing operations 1,565.5 639.2
Cash flows from investing activities:    
Capital expenditures (498.8) (493.9)
Proceeds from sale of discontinued operations 0.0 668.0
Cash divested from sale of discontinued operations 0.0 (246.0)
Proceeds from insurance recoveries 0.0 50.0
Proceeds from (payments for) fixed asset disposition (1.0) 0.7
Net cash used in investing activities of continuing operations (499.8) (21.2)
Cash flows from financing activities:    
Proceeds from long-term debt 500.0 0.0
Principal payments for long-term debt 0.0 (1,000.0)
Debt-issuance costs 0.0 (3.8)
Proceeds from commercial paper notes 0.0 3,692.9
Repayments of Commercial Paper 0.0 (3,393.7)
Proceeds from stock issued pursuant to stock-based compensation plans 3.8 4.9
Cash paid for taxes on exercises/vesting of stock-based compensation (18.7) (12.1)
Payments for repurchase of stock (1,208.9) (924.2)
Net cash used in financing activities (723.8) (1,636.0)
Cash flows from discontinued operations:    
Net cash provided by operating activities of discontinued operations 0.0 343.3
Net cash used in investing activities of discontinued operations 0.0 (79.8)
Net cash provided by discontinued operations 0.0 263.5
Effect of exchange rate changes on cash, cash equivalents and restricted cash (0.8) 0.6
Net change in cash, cash equivalents and restricted cash 341.1 (753.9)
Cash, cash equivalents and restricted cash at beginning of period 760.7 1,511.2
Cash, cash equivalents and restricted cash at end of period 1,101.8 757.3
Cash paid for:    
Interest, net of amounts capitalized [1] 52.7 71.3
Income taxes [1] 95.8 144.1
Non-cash transactions:    
Right-of-use assets obtained in exchange for new operating lease liabilities [1] 609.1 780.1
Accrued capital expenditures [1] $ 48.9 $ 40.6
[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.