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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Feb. 02, 2025
Jan. 28, 2024
Jan. 29, 2023
Cash Flows From Operating Activities:      
Net income $ 434 $ 531 $ 581
Adjustments to reconcile net cash from operating activities:      
Depreciation and amortization 194 154 148
Equity-based compensation expense 14 10 11
Loss on debt modification and extinguishment 13 2 (7)
Other 8 5 7
Changes in assets and liabilities:      
(Increase) decrease in receivables (2) 21 (51)
(Increase) decrease in inventories (36) 328 (149)
(Increase) decrease in other assets (13) 2 (4)
Increase (decrease) in accounts payable 14 11 (140)
Increase (decrease) in accrued liabilities (5) 5 5
Net cash provided by operating activities 621 1,069 401
Cash Flows From Investing Activities:      
Capital expenditures (35) (39) (25)
Acquisitions of businesses, net of cash acquired (741) (231) (128)
Other (12) 0 1
Net cash used in investing activities (788) (270) (152)
Cash Flows From Financing Activities:      
Repurchase and retirement of equity interests (176) (1,344) 0
Distributions to non-controlling interest holders (11) (41) (57)
Payments pursuant to Tax Receivable Agreements (11) (5) 0
Borrowings on asset-based revolving credit facility 774 665 244
Repayments on asset-based revolving credit facility (1,110) (235) (244)
Issuance of long-term debt 950 0 0
Repayments of long-term debt (223) (15) (15)
Debt issuance costs (15) 0 (2)
Other (4) 0 1
Net cash provided by (used in) financing activities 174 (975) (73)
Increase (decrease) in cash and cash equivalents 7 (176) 176
Cash and cash equivalents at the beginning of the period 1 177 1
Cash and cash equivalents at the end of the period 8 1 177
Cash paid for interest (excluding effects of interest rate swap) 197 105 74
Cash paid for income taxes $ 143 $ 116 $ 147