XML 26 R10.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jan. 29, 2023
Jan. 30, 2022
Jan. 31, 2021
Cash Flows From Operating Activities:      
Net income $ 581 $ 225 $ 37
Adjustments to reconcile net cash from operating activities:      
Depreciation and amortization 148 150 153
Equity-based compensation expense 11 25 4
Loss on debt modification and extinguishment 0 49 0
Other 0 (14) 1
Changes in assets and liabilities:      
(Increase) decrease in receivables (51) (312) (28)
(Increase) decrease in inventories (149) (440) (27)
(Increase) decrease in other assets (4) (7) 8
Increase (decrease) in accounts payable (140) 274 40
Increase (decrease) in accrued liabilities 5 24 15
Increase (decrease) in other liabilities 0 (5) 11
Net cash provided by (used in) operating activities 401 (31) 214
Cash Flows From Investing Activities:      
Capital expenditures (25) (20) (12)
Acquisitions of businesses, net of cash acquired (128) (179) (217)
Settlement of interest rate swap 0 (5) 0
Proceeds from the sale of property and equipment 1 1 0
Net cash used in investing activities (152) (203) (229)
Cash Flows From Financing Activities:      
IPO proceeds, net of underwriting discounts and commissions 0 664 0
Offering proceeds from underwriters’ option, net of underwriting discounts and commissions 0 100 0
Payments for offering costs 0 8 0
Proceeds from issuance of common stock from employee equity plans 1 0 0
Investments from non-controlling interest holders 0 0 1
Distributions to non-controlling interest holders (57) (52) (15)
Borrowings on asset-based revolving credit facility 244 18 460
Repayments on asset-based revolving credit facility (244) (18) (460)
Issuance of long-term debt 0 1,500 250
Repayments of long-term debt (15) (2,319) (13)
Payment of debt redemption premiums 0 (18) 0
Debt issuance costs (2) (13) (8)
Net cash (used in) provided by financing activities (73) (146) 215
Increase (decrease) in cash and cash equivalents 176 (380) 200
Cash and cash equivalents at the beginning of the period 1 381 181
Cash and cash equivalents at the end of the period 177 1 381
Cash paid for interest (excluding effects of interest rate swap) 74 126 123
Cash paid for income taxes $ 147 $ 55 $ 8