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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 30, 2022
Jan. 31, 2021
Feb. 02, 2020
Cash Flows From Operating Activities:      
Net income $ 225 $ 37 $ 36
Adjustments to reconcile net cash from operating activities:      
Depreciation and amortization 150 153 138
Provision for bad debt 2 2 4
Non-cash inventory charge 1 1 3
Equity-based compensation expense 25 4 4
Loss on debt modification and extinguishment 49 0 0
Other (17) (2) (2)
Changes in assets and liabilities:      
(Increase) decrease in receivables (312) (28) 3
(Increase) decrease in inventories (440) (27) (2)
(Increase) decrease in other assets (7) 8 (15)
Increase (decrease) in accounts payable 274 40 15
Increase (decrease) in accrued liabilities 24 15 16
Increase (decrease) in other liabilities (5) 11 (6)
Net cash (used in) provided by operating activities (31) 214 194
Cash Flows From Investing Activities:      
Capital expenditures (20) (12) (14)
Acquisitions of businesses, net of cash acquired (179) (217) (220)
Settlement of interest rate swap (5) 0 0
Proceeds from the sale of property and equipment 1 0 0
Net cash used in investing activities (203) (229) (234)
Cash Flows From Financing Activities:      
IPO proceeds, net of underwriting discounts and commissions 664 0 0
Offering proceeds from underwriters’ option, net of underwriting discounts and commissions 100 0 0
Payments for offering costs (8) 0 0
Investments from non-controlling interest holders 0 1 0
Distributions to non-controlling interest holders (52) (15) (311)
Borrowings on asset-based revolving credit facility 18 460 0
Repayments on asset-based revolving credit facility (18) (460) 0
Issuance of long-term debt 1,500 250 525
Repayments of long-term debt (2,319) (13) (12)
Payment of debt redemption premiums (18) 0 0
Debt issuance costs (13) (8) (18)
Net cash (used in) provided by financing activities (146) 215 184
(Decrease) increase in cash and cash equivalents (380) 200 144
Cash and cash equivalents at the beginning of the period 381 181 37
Cash and cash equivalents at the end of the period 1 381 181
Cash paid for interest 126 123 99
Cash paid for taxes $ 55 $ 8 $ 13