| BALANCE SHEET COMPONENTS |
BALANCE SHEET COMPONENTS
Property, Plant and Equipment, Net
Property, plant and equipment, net, as of January 30, 2016 and January 31, 2015 consists of the following:
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January 30, |
|
January 31, |
(in millions) |
2016 |
|
2015 |
Land |
$ |
180.8 |
|
|
$ |
79.0 |
|
Buildings |
906.0 |
|
|
336.9 |
|
Leasehold improvements |
1,556.7 |
|
|
1,068.2 |
|
Furniture, fixtures and equipment |
2,457.8 |
|
|
1,385.2 |
|
Construction in progress |
196.2 |
|
|
100.9 |
|
Total property, plant and equipment |
5,297.5 |
|
|
2,970.2 |
|
Less: accumulated depreciation |
2,172.0 |
|
|
1,759.7 |
|
Total property, plant and equipment, net |
$ |
3,125.5 |
|
|
$ |
1,210.5 |
|
Depreciation expense was $442.1 million, $206.0 million, and $190.7 million for the years ended January 30, 2016, January 31, 2015, and February 1, 2014, respectively.
Other Current Assets
Other current assets as of January 30, 2016 and January 31, 2015 consist of the following:
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January 30, |
|
January 31, |
(in millions) |
2016 |
|
2015 |
Accounts receivable - divestiture-related |
$ |
76.9 |
|
|
$ |
— |
|
Other accounts receivable |
77.8 |
|
|
11.0 |
|
Prepaid store supplies |
42.1 |
|
|
18.0 |
|
Prepaid rent |
79.0 |
|
|
25.8 |
|
Other prepaid assets |
34.5 |
|
|
11.7 |
|
Total other current assets |
$ |
310.3 |
|
|
$ |
66.5 |
|
Other Assets
Other assets as of January 30, 2016 and January 31, 2015 consist of the following:
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|
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|
|
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January 30, |
|
January 31, |
(in millions) |
2016 |
|
2015 |
Long-term federal income tax benefit |
$ |
10.3 |
|
|
$ |
2.2 |
|
Restricted investments |
82.0 |
|
|
78.9 |
|
Other long-term assets |
38.5 |
|
|
9.8 |
|
Total other assets |
$ |
130.8 |
|
|
$ |
90.9 |
|
Other Current Liabilities
Other current liabilities as of January 30, 2016 and January 31, 2015 consist of accrued expenses for the following:
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January 30, |
|
January 31, |
(in millions) |
2016 |
|
2015 |
Compensation and benefits |
$ |
195.8 |
|
|
$ |
108.6 |
|
Insurance |
111.1 |
|
|
42.7 |
|
Accrued interest |
92.8 |
|
|
48.3 |
|
Taxes (other than income taxes) |
73.6 |
|
|
30.6 |
|
Accrued property taxes |
69.8 |
|
|
9.3 |
|
Accrued debt-issuance costs |
— |
|
|
58.4 |
|
Accrued construction costs |
39.5 |
|
|
19.7 |
|
Rent liabilities |
24.0 |
|
|
22.7 |
|
Accrued utility expenses |
20.8 |
|
|
8.7 |
|
Other |
95.2 |
|
|
36.3 |
|
Total other current liabilities |
$ |
722.6 |
|
|
$ |
385.3 |
|
Other Liabilities
Other long-term liabilities as of January 30, 2016 and January 31, 2015 consist of the following:
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January 30, |
|
January 31, |
(in millions) |
2016 |
|
2015 |
Deferred rent |
$ |
102.2 |
|
|
$ |
91.9 |
|
Insurance |
205.1 |
|
|
51.8 |
|
Other |
45.9 |
|
|
13.2 |
|
Total other long-term liabilities |
$ |
353.2 |
|
|
$ |
156.9 |
|
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