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
Feb. 03, 2018
Jan. 28, 2017
Jan. 30, 2016
Cash flows from operating activities:      
Net income $ 1,714.3 $ 896.2 $ 282.4
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 611.2 637.5 487.6
Provision for deferred income taxes (473.5) (124.1) 25.6
Stock-based compensation expense 65.7 61.6 53.2
Amortization of debt discount and debt-issuance costs 15.4 55.2 64.7
Receivable impairment 18.5 0.0 0.0
Other non-cash adjustments to net income 10.9 9.4 7.7
Changes in assets and liabilities increasing (decreasing) cash and cash equivalents:      
Merchandise inventories (300.9) 21.9 (87.8)
Prepaids and other current assets (114.6) 117.2 (63.5)
Accounts payable 54.5 (133.8) 183.9
Income taxes payable (58.5) 77.1 3.1
Other current liabilities (22.7) 30.4 (164.1)
Other liabilities (10.1) 24.7 9.7
Net cash provided by operating activities 1,510.2 1,673.3 802.5
Cash flows from investing activities:      
Capital expenditures (632.2) (564.7) (480.5)
Acquisition of Family Dollar, net of common stock issued, equity compensation and cash acquired 0.0 0.0 (6,527.7)
Purchase of restricted cash and investments 0.0 (36.1) (23.7)
Proceeds from sale of restricted and unrestricted investments 4.0 118.1 53.0
Proceeds from (payments for) fixed asset disposition 0.3 (0.9) 0.5
Net cash used in investing activities (627.9) (483.6) (6,978.4)
Cash flows from financing activities:      
Principal payments for long-term debt (659.1) (4,036.2) (5,926.7)
Proceeds from long-term debt, net of discount 0.0 2,962.5 12,130.2
Debt-issuance costs 0.0 (6.1) (159.8)
Repayments of revolving credit facility 0.0 (140.0) 0.0
Proceeds from revolving credit facility 0.0 140.0 0.0
Proceeds from stock issued pursuant to stock-based compensation plans 35.0 41.5 13.9
Cash paid for taxes on exercises/vesting of stock-based compensation (27.4) (22.2) (21.6)
Tax benefit of exercises/vesting of stock-based compensation 0.0 0.0 12.8
Net cash provided by (used in) financing activities (651.5) (1,060.5) 6,048.8
Effect of exchange rate changes on cash and cash equivalents 0.6 1.1 (0.9)
Net increase (decrease) in cash and cash equivalents 231.4 130.3 (128.0)
Cash and cash equivalents at beginning of year 866.4 736.1 864.1
Cash and cash equivalents at end of year 1,097.8 866.4 736.1
Cash paid for:      
Interest, net of amounts capitalized 286.5 329.1 487.0
Income taxes 552.4 501.8 138.4
Accrued capital expenditures 45.0 30.3 72.4
Acquisition cost paid in common stock and equity compensation $ 0.0 $ 0.0 $ 2,290.1