XML 87 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
May 05, 2013
Apr. 29, 2012
OPERATING ACTIVITIES    
Net (loss) income $ (20,013) $ 95,476
Adjustments to reconcile to net cash used by operating activities:    
Depreciation and amortization 95,843 33,459
Equity in income of unconsolidated affiliates, net (2,327) (1,924)
Deferred taxes (37,129) 5,330
Stock-based compensation expense 18,897 10,516
Debt modification and extinguishment costs 40,395 0
Changes in operating assets and liabilities:    
Trade receivables, net (69,356) (61,611)
Inventories, net 170,595 76,145
Accounts payable, accrued expenses and deferred revenue (330,942) (162,460)
Prepaid expenses (20,656) 4,215
Employer pension contributions (30,000) (3,743)
Other, net 67,741 4,089
Net cash used by operating activities (116,952) (508)
INVESTING ACTIVITIES(1)    
Business acquisitions, net of cash acquired (1,815,329) 0
Purchase of property, plant and equipment (45,730) (39,074)
Contingent purchase price payments (14,200) (13,535)
Net cash used by investing activities (1,875,259) [1] (52,609) [1]
FINANCING ACTIVITIES(1)    
Net proceeds from revolving credit facilities 1,673 95,000
Net payments on short-term borrowings (24,723) (647)
Repayment of credit facilities (900,000) (30,292)
Repayment of Warnaco’s previously outstanding debt (197,000) 0
Net proceeds from credit facilities 2,993,430 0
Payment of fees associated with issuance of senior notes (16,257) 0
Net proceeds from settlement of awards under stock plans 10,062 3,738
Excess tax benefits from awards under stock plans 14,788 2,912
Cash dividends (6,130) (5,483)
Acquisition of treasury shares (20,130) (6,182)
Payments of capital lease obligations (2,348) (2,447)
Net cash provided by financing activities 1,853,365 [1] 56,599 [1]
Effect of exchange rate changes on cash and cash equivalents (7,082) 1,933
(Decrease) increase in cash and cash equivalents (145,928) 5,415
Cash and cash equivalents at beginning of period 892,209 233,197
Cash and cash equivalents at end of period $ 746,281 $ 238,612
[1] See Note 17 for information on noncash investing and financing transactions.