XML 16 R6.htm IDEA: XBRL DOCUMENT v3.23.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jul. 30, 2023
Jul. 31, 2022
Cash flows from operating activities:    
Net income $ 96.0 $ 96.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 98.0 71.9
Non-cash interest expense 6.0 3.8
Deferred taxes 16.3 18.9
Loss on debt refinancing 11.2 1.5
Share-based compensation 11.9 8.3
Other, net 5.9 5.1
Changes in assets and liabilities, net of assets and liabilities acquired:    
Inventories 1.7 (1.7)
Prepaid expenses (5.6) (3.9)
Income tax receivable (7.7) 30.2
Accounts receivable (1.6) (2.3)
Other assets and deferred charges 3.5 0.9
Accounts payable (23.5) (20.3)
Accrued liabilities (18.5) 26.9
Income taxes payable 1.2 0.2
Other liabilities 1.4 (2.5)
Net cash provided by operating activities: 196.2 233.1
Cash flows from investing activities:    
Capital expenditures (133.8) (99.9)
Acquisition of a business, net of cash acquired 0.0 (822.7)
Proceeds from sales of property and equipment 0.4 0.4
Net cash used in investing activities: (133.4) (922.2)
Cash flows from financing activities:    
Proceeds from term loan and revolver 87.4 821.5
Term loan and revolver payments (44.3) (14.0)
Debt issuance costs (3.1) (17.7)
Proceeds from the exercise of stock options 0.7 5.6
Repurchases of common stock under share repurchase program (200.0) (25.0)
Repurchases of common stock to satisfy employee withholding tax obligations (2.5) (6.8)
Net cash provided by (used in) financing activities: (161.8) 763.6
Increase (decrease) in cash and cash equivalents (99.0) 74.5
Beginning cash and cash equivalents 181.6 25.9
Ending cash and cash equivalents 82.6 100.4
Supplemental disclosures of cash flow information:    
Change in fixed asset accounts payable 8.4 5.2
Cash paid (refund received) for income taxes, net 17.8 (20.6)
Cash paid for interest, net $ 57.9 $ 22.0