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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended
Oct. 30, 2022
Oct. 31, 2021
Oct. 31, 2021
Jul. 22, 2021
Oct. 30, 2022
Oct. 31, 2021
Income Statement [Abstract]            
Net sales $ 1,818,000,000 $ 1,405,000,000     $ 5,277,000,000 $ 3,758,000,000
Cost of sales 1,318,000,000 1,034,000,000     3,855,000,000 2,805,000,000
Gross profit 500,000,000 371,000,000     1,422,000,000 953,000,000
Operating expenses:            
Selling, general and administrative 231,000,000 188,000,000     667,000,000 534,000,000
Depreciation and amortization 35,000,000 36,000,000     104,000,000 103,000,000
Total operating expenses 266,000,000 224,000,000     771,000,000 637,000,000
Operating income 234,000,000 147,000,000     651,000,000 316,000,000
Interest expense 16,000,000 12,000,000     46,000,000 85,000,000
Loss on debt modification and extinguishment 0 1,000,000     0 51,000,000
Income before provision for income taxes 218,000,000 134,000,000     605,000,000 180,000,000
Provision for income taxes 40,000,000 25,000,000     108,000,000 34,000,000
Net income 178,000,000 109,000,000 $ 72,000,000   497,000,000 146,000,000
Less: net income attributable to non-controlling interests 67,000,000 45,000,000 29,000,000   185,000,000 28,000,000
Net income attributable to Core & Main, Inc. $ 111,000,000 $ 64,000,000 $ 44,000,000 $ 74,000,000 $ 312,000,000 $ 118,000,000 [1]
Earnings per share:            
Basic (in dollars per share) $ 0.65 $ 0.41 $ 0.27   $ 1.85 $ 0.27 [2]
Diluted (in dollars per share) $ 0.65 $ 0.39 $ 0.26   $ 1.82 $ 0.26 [2]
Basic (shares) 170,027,629 158,986,524 156,869,487   168,485,011 156,869,487 [2]
Diluted (shares) 246,262,224 244,582,116 243,080,600   246,198,822 243,080,600 [2]
[1] For the nine months ended October 31, 2021, the net income attributable to Core & Main, Inc. includes net income prior to the Reorganization Transactions (as defined in Note 1) of $74 million, and net income subsequent to the Reorganization Transactions of $44 million. Refer to the Statements of Changes in Stockholders’ Equity/Partners’ Capital for a summary of net income (loss) attributable to Core & Main, Inc. prior to and subsequent to the Reorganization Transactions. See Note 1 for a description of the Basis of Presentation of the consolidated financial statements.
[2] For the nine months ended October 31, 2021, this represents basic and diluted earnings per share of Class A common stock and weighted average shares of Class A common stock outstanding for the period from July 23, 2021 through October 31, 2021, which is the period following the Reorganization Transactions described in Note 1. Refer to calculation of earnings per share in Note 10.