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
Jan. 28, 2017
Jan. 30, 2016
Jan. 31, 2015
Cash flows from operating activities:      
Net income $ 896.2 $ 282.4 $ 599.2
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 637.5 487.6 205.9
Provision for deferred income taxes (124.1) 25.6 (18.1)
Stock-based compensation expense 61.6 53.2 38.3
Amortization of debt discount and debt-issuance costs 55.2 64.7 0.0
Other non-cash adjustments to net income 9.4 7.7 4.3
Changes in assets and liabilities increasing (decreasing) cash and cash equivalents:      
Merchandise inventories 21.9 (87.8) (6.0)
Prepaids and other current assets 117.2 (63.5) (12.2)
Accounts payable (133.8) 183.9 41.9
Income taxes payable 77.1 3.1 (4.6)
Other current liabilities 30.4 (164.1) 87.5
Other liabilities 24.7 9.7 6.6
Net cash provided by operating activities 1,673.3 802.5 942.8
Cash flows from investing activities:      
Capital expenditures (564.7) (480.5) (325.6)
Acquisition of Family Dollar, net of common stock issued, equity compensation and cash acquired 0.0 (6,527.7) 0.0
Purchase of restricted cash and investments (36.1) (23.7) (6.8)
Proceeds from sale of restricted investments 118.1 53.0 15.8
Proceeds from (payments for) fixed asset disposition (0.9) 0.5 1.6
Net cash used in investing activities (483.6) (6,978.4) (315.0)
Cash flows from financing activities:      
Principal payments for long-term debt (4,036.2) (5,926.7) (12.8)
Proceeds from long-term debt, net of discount 2,962.5 12,130.2 0.0
Debt-issuance costs (6.1) (159.8) (11.8)
Repayments of revolving credit facility (140.0) 0.0 0.0
Proceeds from revolving credit facility 140.0 0.0 0.0
Proceeds from stock issued pursuant to stock-based compensation plans 41.5 13.9 5.5
Cash paid for taxes on exercises/vesting of stock-based compensation (22.2) (21.6) (16.0)
Tax benefit of exercises/vesting of stock-based compensation 0.0 12.8 4.5
Net cash provided by (used in) financing activities (1,060.5) 6,048.8 (30.6)
Effect of exchange rate changes on cash and cash equivalents 1.1 (0.9) (0.8)
Net increase (decrease) in cash and cash equivalents 130.3 (128.0) 596.4
Cash and cash equivalents at beginning of year 736.1 864.1 267.7
Cash and cash equivalents at end of year 866.4 736.1 864.1
Cash paid for:      
Interest, net of amounts capitalized 329.1 487.0 33.9
Income taxes 501.8 138.4 372.3
Accrued capital expenditures 30.3 72.4 19.7
Acquisition cost paid in common stock and equity compensation $ 0.0 $ 2,290.1 $ 0.0