XML 18 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Oct. 28, 2017
Oct. 29, 2016
Cash flows from operating activities    
Net income $ 168.0 $ 245.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 147.1 138.8
Amortization of unfavorable leases and contracts (10.8) (14.9)
Pension benefit (3.6) (1.3)
Share-based compensation 11.0 14.0
Deferred taxation 41.7 60.9
Excess tax benefit from exercise of share awards 0.0 (1.3)
Credit transaction, net (30.9) 0.0
Amortization of debt discount and issuance costs 3.2 2.2
Other non-cash movements 1.5 1.9
Changes in operating assets and liabilities:    
Decrease in accounts receivable 286.1 174.0
Proceeds from sale of in-house finance receivables 960.2 0.0
Decrease in other receivables and other assets 19.6 9.0
Increase in other current assets (2.5) (15.4)
Decrease (increase) in inventories 4.6 (217.0)
Increase in accounts payable 39.7 114.1
Decrease in accrued expenses and other liabilities (5.4) (82.2)
Decrease in deferred revenue (29.5) (2.5)
Decrease in income taxes payable (115.3) (62.6)
Pension plan contributions (2.4) (2.5)
Net cash provided by operating activities 1,482.3 360.9
Investing activities    
Purchase of property, plant and equipment (166.1) (195.6)
Purchase of available-for-sale securities (1.7) (10.4)
Proceeds from sale of available-for-sale securities 0.9 10.0
Acquisition of R2Net Inc., net of cash acquired (332.4) 0.0
Net cash used in investing activities (499.3) (196.0)
Financing activities    
Dividends paid on common shares (57.7) (57.5)
Dividends paid on redeemable convertible preferred shares (26.9) 0.0
Proceeds from issuance of redeemable convertible preferred shares, net of issuance costs 0.0 611.6
Proceeds from revolving credit facility 605.0 598.0
Repayments of revolving credit facility (405.0) (339.0)
Repurchase of common shares (460.0) (1,000.0)
Repayments of bank overdrafts (5.9) (13.3)
Other financing activities (4.5) (6.0)
Net cash used in financing activities (970.7) (218.2)
Cash and cash equivalents at beginning of period 98.7 137.7
Increase (decrease) in cash and cash equivalents 12.3 (53.3)
Effect of exchange rate changes on cash and cash equivalents 2.4 (1.7)
Cash and cash equivalents at end of period 113.4 82.7
Term Loan    
Financing activities    
Proceeds from term and bridge loans 350.0 0.0
Repayments of debt (365.7) (12.0)
Securitization facility    
Financing activities    
Repayments of debt (2,345.9) (1,837.1)
Proceeds from securitization facility 1,745.9 1,837.1
Credit Facility | Term Loan    
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of debt discount and issuance costs 0.6 0.7
Credit Facility | Revolving Credit Facility    
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of debt discount and issuance costs 0.3 0.3
Financing activities    
Proceeds from revolving credit facility 605.0 598.0
Repayments of revolving credit facility $ (405.0) $ (339.0)