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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Nov. 01, 2020
Nov. 03, 2019
OPERATING ACTIVITIES    
Net (loss) income $ (1,079.4) $ 483.6
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 240.2 236.5
Equity in net loss (income) of unconsolidated affiliates 10.3 (7.5)
Deferred taxes (159.9) 2.6
Stock-based compensation expense 36.6 43.2
Impairment of goodwill and other intangible assets 933.5 0.0
Impairment of other long-lived assets 23.2 89.3
Noncash impairment charges 961.8  
Debt modification and extinguishment costs 0.0 5.2
Other noncash (loss) gain 3.1 (113.1)
Changes in operating assets and liabilities:    
Trade receivables, net (34.3) (196.2)
Other receivables 3.4 (0.8)
Inventories, net 173.7 32.3
Accounts payable, accrued expenses and deferred revenue 185.3 (88.2)
Prepaid expenses 26.5 (14.9)
Employer pension contribution 0.0 (0.7)
Other, net 64.8 (39.5)
Net cash provided by operating activities 427.0 431.8
INVESTING ACTIVITIES    
Acquisitions, net of cash acquired 0.0 (192.4)
Purchases of property, plant and equipment (158.7) (233.1)
Proceeds from sale of building 0.0 59.4
Proceeds from sale of the Speedo North America business 169.1 0.0
Investments in unconsolidated affiliates (1.6) (2.5)
Net cash provided (used) by investing activities [1] 8.8 (368.6)
FINANCING ACTIVITIES    
Net (payments on) proceeds from short-term borrowings (31.9) 324.4
Proceeds from 4 5/8% senior notes, net of related fees 493.8 0.0
Proceeds from 3 5/8% senior notes, net of related fees 185.9 0.0
Proceeds from 2019 facilities, net of related fees 0.0 1,639.8
Repayment of 2016 facilities 0.0 (1,649.3)
Repayment of 2019 facilities (10.6) (10.2)
Net proceeds from settlement of awards under stock plans 0.0 1.9
Cash dividends (2.7) (11.3)
Acquisition of treasury shares (116.1) (240.2)
Payments of finance lease liabilities (4.0) (4.1)
Payment of mandatorily redeemable non-controlling interest liability attributable to initial fair value (12.7) 0.0
Net cash provided by financing activities [1] 501.7 51.0
Effect of exchange rate changes on cash and cash equivalents 19.1 (11.0)
Increase in cash and cash equivalents 956.6 103.2
Cash and cash equivalents at beginning of period 503.4 452.0
Cash and cash equivalents at end of period $ 1,460.0 $ 555.2
[1] See Note 18 for information on Supplemental Cash Flow Information.