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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 29, 2022
Jan. 30, 2021
Feb. 01, 2020
Net cash provided by (used for) operating activities:      
Net income (loss) $ 56.7 $ 212.3 $ (546.6)
Adjustments to reconcile net income (loss) to net cash provided (used for) by operating activities:      
Non-cash operating lease expense 162.6 152.4 139.4
Depreciation and amortization 80.1 80.0 77.5
Deferred income taxes (0.4) (3.9) 7.9
Stock-based compensation expense 2.5 1.5 1.2
Amortization of deferred financing costs and original issue discount 2.5 3.7 4.3
Debt related loss (gain) 3.3 (155.1) (3.8)
Gain on sale leaseback (24.5) 0.0 0.0
Loss on disposal and impairment of fixed assets 0.9 3.4 1.0
Goodwill and trade name impairment 0.0 0.0 486.8
Changes in operating assets and liabilities:      
(Increase) decrease in inventories (102.7) 93.8 (33.9)
Decrease (increase) in prepaid expenses and other current assets 32.3 (22.5) (3.5)
Increase in accounts payable 3.7 23.0 2.2
(Decrease) increase in accrued expenses (29.5) 62.0 (18.5)
Decrease in operating lease liabilities (190.4) (130.8) (147.1)
(Decrease) increase in other long-term liabilities (18.3) 9.4 1.2
Other, net (2.4) (2.1) (2.0)
Net cash provided by (used for) operating activities (23.6) 327.1 (33.9)
Net cash used for investing activities:      
Capital expenditures (59.1) (36.0) (78.6)
Proceeds From Sale Leaseback 48.1 0.0 0.0
Proceeds from sale of fixed assets 0.0 0.5 0.0
Other investing activities (2.2) (0.2) (0.9)
Net cash used for investing activities (13.2) (35.7) (79.5)
Net cash (used for) provided by financing activities:      
Term loan proceeds, net of original issue discount 671.6 0.0 0.0
Term loan payments (708.0) (2.3) (26.0)
Borrowings on revolving credit facility 568.4 584.7 526.3
Repayments on revolving credit facility (532.9) (672.7) (410.8)
Purchase and retirement of debt (0.9) (190.5) (2.4)
Principal payments on finance lease obligations (7.7) (3.4) (0.7)
Issuance of common stock, net of underwriting commissions and offering costs 76.9 0.0 0.0
Purchase of common stock (20.0) 0.0 (0.5)
Proceeds from exercise of stock options 1.8 0.0 0.3
Dividends paid (12.6) 0.0 0.0
Financing fees paid (4.9) (4.2) 0.0
Other financing activities 0.2 0.0 0.1
Net cash (used for) provided by financing activities 31.9 (288.4) 86.3
Net increase (decrease) in cash and cash equivalents (4.9) 3.0 (27.1)
Cash and cash equivalents at beginning of period 27.4 24.4 51.5
Cash and cash equivalents at end of period 22.5 27.4 24.4
Cash paid during the period for:      
Interest 49.6 62.1 97.4
Income taxes, net of refunds $ 4.2 $ 55.2 $ 18.6