XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Oct. 30, 2022
Oct. 31, 2021
OPERATING ACTIVITIES    
Net income $ 61.7 $ 561.2
Adjustments to reconcile to net cash (used) provided by operating activities:    
Depreciation and amortization 225.3 233.2
Equity in net income of unconsolidated affiliates (42.6) (14.1)
Deferred taxes (82.3) 87.0
Stock-based compensation expense 35.3 35.8
Impairment of goodwill 417.1 0.0
Impairment of other long-lived assets 43.6 35.1
Other gain 0.0 (118.9)
Changes in operating assets and liabilities:    
Trade receivables, net (297.5) (276.0)
Other receivables (4.2) (5.2)
Inventories, net (591.0) (12.0)
Accounts payable, accrued expenses and deferred revenue 56.0 52.4
Prepaid expenses (52.1) 2.9
Other, net (45.0) 1.8
Net cash (used) provided by operating activities (275.7) 583.2
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (194.8) (170.7)
Proceeds from sale of certain Heritage Brands trademarks and other assets 0.0 222.9
Proceeds from sale of Karl Lagerfeld investment 19.1 0.0
Purchases of investments held in rabbi trust (6.8) 0.0
Proceeds from investments held in rabbi trust 0.6 0.0
Net cash (used) provided by investing activities (181.9) 52.2
FINANCING ACTIVITIES    
Net proceeds from short-term borrowings 90.7 28.1
Repayment of 2019 facilities (22.5) (844.2)
Net proceeds from settlement of awards under stock plans 0.0 21.0
Cash dividends (7.7) 0.0
Acquisition of treasury shares (342.5) (160.8)
Payments of finance lease liabilities (3.0) (3.9)
Payment of mandatorily redeemable non-controlling interest liability attributable to initial fair value 0.0 (15.2)
Net cash used by financing activities (285.0) (975.0)
Effect of exchange rate on cash and cash equivalents (42.9) (13.1)
Decrease in cash and cash equivalents (785.5) (352.7)
Cash and cash equivalents at beginning of period 1,242.5 1,651.4
Cash and cash equivalents at end of period $ 457.0 $ 1,298.7