XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Oct. 31, 2021
Nov. 01, 2020
Oct. 31, 2021
Nov. 01, 2020
Income Statement [Abstract]        
Net sales $ 1,404.8 $ 1,012.5 $ 3,757.5 $ 2,810.5
Cost of sales 1,034.2 768.1 2,804.9 2,136.3
Gross profit 370.6 244.4 952.6 674.2
Operating expenses:        
Selling, general and administrative 187.9 144.8 533.6 418.6
Depreciation and amortization 35.2 34.9 102.6 102.7
Total operating expenses 223.1 179.7 636.2 521.3
Operating income 147.5 64.7 316.4 152.9
Interest expense 13.0 35.6 85.3 103.8
Loss on debt modification and extinguishment 0.3 0.0 50.7 0.0
Income before provision for income taxes 134.2 29.1 180.4 49.1
Provision for income taxes 24.9 7.5 34.2 12.6
Net income 109.3 21.6 146.2 36.5
Less: net income attributable to non-controlling interests [1] 44.9   27.9  
Net income attributable to Core & Main, Inc. $ 64.4 [1] $ 21.6 $ 118.3 [1] $ 36.5
Earnings per share:        
Net income per share (in dollars per share) [2] $ 0.41   $ 0.27  
Diluted (in dollars per share) [2] $ 0.39   $ 0.26  
Number of shares used in computing EPS        
Basic (shares) [2] 158,986,524   156,869,487  
Diluted (shares) [2] 244,582,116   243,080,600  
Net sales [Extensible Enumeration] Product and Service, Other [Member] Product and Service, Other [Member] Product and Service, Other [Member] Product and Service, Other [Member]
Cost of sales [Extensible Enumeration] Product and Service, Other [Member] Product and Service, Other [Member] Product and Service, Other [Member] Product and Service, Other [Member]
[1] Prior to the Reorganization Transactions, as described in Note 1, there was no income attributable to Core & Main, Inc. See Note 1 for a description of the Basis of Presentation of the consolidated financial statements.
[2] Represents basic and diluted earnings per share of Class A common stock and weighted average shares of Class A common stock outstanding for the three months ended October 31, 2021 and the period from July 23, 2021 through October 31, 2021, which is the period following the Reorganization Transactions described in Note 1. The Company analyzed the calculation of earnings per share for the periods prior to the Reorganization Transactions and determined that it resulted in values that would not be meaningful to the users of the condensed consolidated financial statements. Therefore, there is no earnings per share attributable to Core & Main, Inc. for the periods prior to the Reorganization Transactions on July 22, 2021.