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Guarantor Subsidiaries (Tables)
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12 Months Ended |
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Jan. 28, 2012
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| Guarantor Subsidiaries Disclosures [Abstract] |
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| Schedule of Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet January 28, 2012 (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | Staples, Inc.
(Parent Co.) | | Guarantor Subsidiaries | | Non-Guarantor
Subsidiaries | | Eliminations | | Consolidated | Cash and cash equivalents | | $ | 385,279 |
| | $ | 43,323 |
| | $ | 835,547 |
| | $ | — |
| | $ | 1,264,149 |
| Merchandise inventories, net | | — |
| | 1,437,074 |
| | 994,771 |
| | — |
| | 2,431,845 |
| Other current assets | | 68,608 |
| | 1,188,378 |
| | 1,337,840 |
| | — |
| | 2,594,826 |
| Total current assets | | 453,887 |
| | 2,668,775 |
| | 3,168,158 |
| | — |
| | 6,290,820 |
| Net property, equipment and other assets | | 671,787 |
| | 1,165,840 |
| | 1,320,045 |
| | — |
| | 3,157,672 |
| Goodwill | | 1,644,728 |
| | 156,303 |
| | 2,181,099 |
| | — |
| | 3,982,130 |
| Investment in affiliates and intercompany, net | | 5,951,426 |
| | 6,935,956 |
| | 10,988,680 |
| | (23,876,062 | ) | | — |
| Total assets | | $ | 8,721,828 |
| | $ | 10,926,874 |
| | $ | 17,657,982 |
| | $ | (23,876,062 | ) | | $ | 13,430,622 |
| Total current liabilities | | $ | (13,544 | ) | | $ | 2,314,411 |
| | $ | 1,773,411 |
| | $ | — |
| | $ | 4,074,278 |
| Total long-term liabilities | | 1,713,159 |
| | 195,852 |
| | 425,120 |
| | — |
| | 2,334,131 |
| Total stockholders' equity | | 7,022,213 |
| | 8,416,611 |
| | 15,459,451 |
| | (23,876,062 | ) | | 7,022,213 |
| Total liabilities and stockholders' equity | | $ | 8,721,828 |
| | $ | 10,926,874 |
| | $ | 17,657,982 |
| | $ | (23,876,062 | ) | | $ | 13,430,622 |
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Condensed Consolidating Balance Sheet As of January 29, 2011 (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | Staples, Inc.
(Parent Co.) | | Guarantor
Subsidiaries | | Non-Guarantor
Subsidiaries | | Eliminations | | Consolidated | Cash and cash equivalents | | $ | 406,821 |
| | $ | 38,298 |
| | $ | 1,016,138 |
| | $ | — |
| | $ | 1,461,257 |
| Merchandise inventories, net | | — |
| | 1,396,667 |
| | 962,506 |
| | — |
| | 2,359,173 |
| Other current assets | | 64,699 |
| | 1,147,433 |
| | 1,435,605 |
| | — |
| | 2,647,737 |
| Total current assets | | 471,520 |
| | 2,582,398 |
| | 3,414,249 |
| | — |
| | 6,468,167 |
| Net property, equipment and other assets | | 742,833 |
| | 1,246,194 |
| | 1,381,311 |
| | — |
| | 3,370,338 |
| Goodwill | | 1,617,937 |
| | 154,527 |
| | 2,300,698 |
| | — |
| | 4,073,162 |
| Investment in affiliates and intercompany, net | | 6,691,832 |
| | 4,783,397 |
| | 7,001,204 |
| | (18,476,433 | ) | | — |
| Total assets | | $ | 9,524,122 |
| | $ | 8,766,516 |
| | $ | 14,097,462 |
| | $ | (18,476,433 | ) | | $ | 13,911,667 |
| Total current liabilities | | $ | 875,100 |
| | $ | 1,454,741 |
| | $ | 1,963,752 |
| | $ | — |
| | $ | 4,293,593 |
| Total long-term liabilities | | 1,697,841 |
| | 562,027 |
| | 407,025 |
| | — |
| | 2,666,893 |
| Total stockholders' equity | | 6,951,181 |
| | 6,749,748 |
| | 11,726,685 |
| | (18,476,433 | ) | | 6,951,181 |
| Total liabilities and stockholders' equity | | $ | 9,524,122 |
| | $ | 8,766,516 |
| | $ | 14,097,462 |
| | $ | (18,476,433 | ) | | $ | 13,911,667 |
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| Schedule of Condensed Consolidating Income Statement |
Condensed Consolidating Statement of Income For the year ended January 28, 2012 (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | Staples, Inc.
(Parent Co.) | | Guarantor
Subsidiaries | | Non-Guarantor
Subsidiaries | | Eliminations | | Consolidated | Sales | | $ | — |
| | $ | 15,303,379 |
| | $ | 9,718,813 |
| | $ | — |
| | $ | 25,022,192 |
| Cost of goods sold and occupancy costs | | 11,328 |
| | 11,383,452 |
| | 6,885,584 |
| | — |
| | 18,280,364 |
| Gross (loss) profit | | (11,328 | ) | | 3,919,927 |
| | 2,833,229 |
| | — |
| | 6,741,828 |
| Operating and other (income) expenses | | (995,984 | ) | | 3,096,381 |
| | 2,181,477 |
| | 1,000,813 |
| | 5,282,687 |
| Consolidated income (loss) before income taxes | | 984,656 |
| | 823,546 |
| | 651,752 |
| | (1,000,813 | ) | | 1,459,141 |
| Income tax expense | | — |
| | 307,177 |
| | 168,131 |
| | — |
| | 475,308 |
| Consolidated net income (loss) | | 984,656 |
| | 516,369 |
| | 483,621 |
| | (1,000,813 | ) | | 983,833 |
| Loss attributed to the noncontrolling interests | | — |
| | — |
| | (823 | ) | | — |
| | (823 | ) | Net income (loss) attributed to Staples, Inc. | | $ | 984,656 |
| | $ | 516,369 |
| | $ | 484,444 |
| | $ | (1,000,813 | ) | | $ | 984,656 |
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Condensed Consolidating Statement of Income For the year ended January 29, 2011 (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | Staples, Inc.
(Parent Co.) | | Guarantor
Subsidiaries | | Non-Guarantor
Subsidiaries | | Eliminations | | Consolidated | Sales | | $ | — |
| | $ | 14,900,355 |
| | $ | 9,644,758 |
| | $ | — |
| | $ | 24,545,113 |
| Cost of goods sold and occupancy costs | | 11,277 |
| | 11,126,849 |
| | 6,800,832 |
| | — |
| | 17,938,958 |
| Gross (loss) profit | | (11,277 | ) | | 3,773,506 |
| | 2,843,926 |
| | — |
| | 6,606,155 |
| Operating and other (income) expenses | | (893,225 | ) | | 3,072,351 |
| | 2,154,558 |
| | 915,876 |
| | 5,249,560 |
| Consolidated income (loss) before income taxes | | 881,948 |
| | 701,155 |
| | 689,368 |
| | (915,876 | ) | | 1,356,595 |
| Income tax expense | | — |
| | 318,705 |
| | 149,321 |
| | — |
| | 468,026 |
| Consolidated net income (loss) | | 881,948 |
| | 382,450 |
| | 540,047 |
| | (915,876 | ) | | 888,569 |
| Income attributed to the noncontrolling interests | | — |
| | — |
| | 6,621 |
| | — |
| | 6,621 |
| Net income (loss) attributed to Staples, Inc. | | $ | 881,948 |
| | $ | 382,450 |
| | $ | 533,426 |
| | $ | (915,876 | ) | | $ | 881,948 |
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Condensed Consolidating Statement of Income For the year ended January 30, 2010 (in thousands) | | | | | | | | | | | | | | | | | | | | | | | | Staples, Inc.
(Parent Co.) | | Guarantor
Subsidiaries | | Non-Guarantor
Subsidiaries | | Eliminations | | Consolidated | Sales | | $ | — |
| | $ | 13,577,862 |
| | $ | 10,697,589 |
| | $ | — |
| | $ | 24,275,451 |
| Cost of goods sold and occupancy costs | | 11,324 |
| | 10,043,973 |
| | 7,746,251 |
| | — |
| | 17,801,548 |
| Gross (loss) profit | | (11,324 | ) | | 3,533,889 |
| | 2,951,338 |
| | — |
| | 6,473,903 |
| Operating and other (income) expenses | | (749,995 | ) | | 2,956,530 |
| | 2,261,707 |
| | 849,767 |
| | 5,318,009 |
| Consolidated income (loss) before income taxes | | 738,671 |
| | 577,359 |
| | 689,631 |
| | (849,767 | ) | | 1,155,894 |
| Income tax expense | | — |
| | 174,152 |
| | 224,631 |
| | — |
| | 398,783 |
| Consolidated net income (loss) | | 738,671 |
| | 403,207 |
| | 465,000 |
| | (849,767 | ) | | 757,111 |
| Income attributed to the noncontrolling interests | | — |
| | — |
| | 18,440 |
| | — |
| | 18,440 |
| Net income (loss) attributed to Staples, Inc. | | $ | 738,671 |
| | $ | 403,207 |
| | $ | 446,560 |
| | $ | (849,767 | ) | | $ | 738,671 |
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| Schedule of Condensed Consolidating Cash Flows Statement |
Condensed Consolidating Statement of Cash Flows For the year ended January 28, 2012 (in thousands) | | | | | | | | | | | | | | | | | | | | Staples, Inc.
(Parent Co.) | | Guarantor
Subsidiaries | | Non-
Guarantor
Subsidiaries | | Consolidated | Net cash provided by operating activities | | $ | 1,334,183 |
| | $ | 197,956 |
| | $ | 44,336 |
| | $ | 1,576,475 |
| Investing activities: | | | | | | | | | Acquisition of property and equipment | | (49,863 | ) | | (206,150 | ) | | (127,641 | ) | | (383,654 | ) | Cash used in investing activities | | (49,863 | ) | | (206,150 | ) | | (127,641 | ) | | (383,654 | ) | Financing activities: | | | | | | | | | Proceeds from the exercise of stock options and the sale of stock under employee stock purchase plans | | 73,866 |
| | — |
| | — |
| | 73,866 |
| Proceeds from borrowings | | 93,856 |
| | 12,378 |
| | 195,609 |
| | 301,843 |
| Payments on borrowings, including payment of deferred financing fees | | (567,419 | ) | | — |
| | (253,212 | ) | | (820,631 | ) | Purchase of noncontrolling interest | | — |
| | — |
| | (10,000 | ) | | (10,000 | ) | Cash dividends paid | | (277,936 | ) | | — |
| | — |
| | (277,936 | ) | Excess tax benefits from stock-based compensation arrangements | | 812 |
| | 841 |
| | 152 |
| | 1,805 |
| Purchase of treasury stock, net | | (629,041 | ) | | — |
| | — |
| | (629,041 | ) | Cash (used in) provided by financing activities | | (1,305,862 | ) | | 13,219 |
| | (67,451 | ) | | (1,360,094 | ) | Effect of exchange rate changes on cash and cash equivalents | | — |
| | — |
| | (29,835 | ) | | (29,835 | ) | Net (decrease) increase in cash and cash equivalents | | (21,542 | ) | | 5,025 |
| | (180,591 | ) | | (197,108 | ) | Cash and cash equivalents at beginning of period | | 406,821 |
| | 38,298 |
| | 1,016,138 |
| | 1,461,257 |
| Cash and cash equivalents at end of period | | $ | 385,279 |
| | $ | 43,323 |
| | $ | 835,547 |
| | $ | 1,264,149 |
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Condensed Consolidating Statement of Cash Flows For the year ended January 29, 2011 (in thousands) | | | | | | | | | | | | | | | | | | | | Staples, Inc.
(Parent Co.) | | Guarantor
Subsidiaries | | Non-
Guarantor
Subsidiaries | | Consolidated | Net cash provided by operating activities | | $ | 479,783 |
| | $ | 198,293 |
| | $ | 768,415 |
| | $ | 1,446,491 |
| Investing activities: | | | | | | | | | Acquisition of property and equipment | | (56,984 | ) | | (214,319 | ) | | (137,586 | ) | | (408,889 | ) | Acquisition of businesses, net of cash acquired | | — |
| | — |
| | (63,066 | ) | | (63,066 | ) | Cash used in investing activities | | (56,984 | ) | | (214,319 | ) | | (200,652 | ) | | (471,955 | ) | Financing activities: | | | | | | | | | Proceeds from the exercise of stock options and the sale of stock under employee stock purchase plans | | 85,429 |
| | — |
| | — |
| | 85,429 |
| Proceeds from borrowings | | 71,033 |
| | — |
| | 130,533 |
| | 201,566 |
| Payments on borrowings | | (96,207 | ) | | — |
| | (111,271 | ) | | (207,478 | ) | Cash dividends paid | | (258,746 | ) | | — |
| | — |
| | (258,746 | ) | Purchase of noncontrolling interest | | — |
| | — |
| | (360,595 | ) | | (360,595 | ) | Purchase of treasury stock, net | | (398,582 | ) | | — |
| | — |
| | (398,582 | ) | Cash used in financing activities | | (597,073 | ) | | — |
| | (341,333 | ) | | (938,406 | ) | Effect of exchange rate changes on cash and cash equivalents | | — |
| | — |
| | 9,308 |
| | 9,308 |
| Net (decrease) increase in cash and cash equivalents | | (174,274 | ) | | (16,026 | ) | | 235,738 |
| | 45,438 |
| Cash and cash equivalents at beginning of period | | 581,095 |
| | 54,324 |
| | 780,400 |
| | 1,415,819 |
| Cash and cash equivalents at end of period | | $ | 406,821 |
| | $ | 38,298 |
| | $ | 1,016,138 |
| | $ | 1,461,257 |
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Condensed Consolidating Statement of Cash Flows For the year ended January 30, 2010 (in thousands) | | | | | | | | | | | | | | | | | | | | Staples, Inc.
(Parent Co.) | | Guarantor
Subsidiaries | | Non-
Guarantor
Subsidiaries | | Consolidated | Net cash provided by operating activities | | $ | 1,709,923 |
| | $ | 159,872 |
| | $ | 214,413 |
| | $ | 2,084,208 |
| Investing activities: | | | | | | | | | Acquisition of property and equipment | | (42,737 | ) | | (155,684 | ) | | (114,807 | ) | | (313,228 | ) | Cash used in investing activities | | (42,737 | ) | | (155,684 | ) | | (114,807 | ) | | (313,228 | ) | Financing activities: | | | | | | | | | Payments on issuance of commercial paper | | (1,195,557 | ) | | — |
| | — |
| | (1,195,557 | ) | Proceeds from borrowings | | 869,380 |
| | — |
| | 342,044 |
| | 1,211,424 |
| Payments on borrowings, including payment of deferred financing fees | | (721,044 | ) | | — |
| | (224,289 | ) | | (945,333 | ) | Purchase of treasury stock, net | | (30,661 | ) | | — |
| | — |
| | (30,661 | ) | Excess tax benefits from stock-based compensation arrangements | | 3,452 |
| | 5,053 |
| | 258 |
| | 8,763 |
| Cash dividends paid | | (236,874 | ) | | — |
| | — |
| | (236,874 | ) | Proceeds from the exercise of stock options and the sale of stock under employee stock purchase plans | | 150,958 |
| | — |
| | — |
| | 150,958 |
| Cash (used in) provided by financing activities | | (1,160,346 | ) | | 5,053 |
| | 118,013 |
| | (1,037,280 | ) | Effect of exchange rate changes on cash and cash equivalents | | — |
| | — |
| | 48,345 |
| | 48,345 |
| Net increase in cash and cash equivalents | | 506,840 |
| | 9,241 |
| | 265,964 |
| | 782,045 |
| Cash and cash equivalents at beginning of period | | 74,255 |
| | 45,083 |
| | 514,436 |
| | 633,774 |
| Cash and cash equivalents at end of period | | $ | 581,095 |
| | $ | 54,324 |
| | $ | 780,400 |
| | $ | 1,415,819 |
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