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Guarantor Subsidiaries
 12 Months Ended
Jan. 28, 2012
Guarantor Subsidiaries Disclosures [Abstract]  
Guarantor Subsidiaries
Guarantor Subsidiaries
Under the terms of the Company's November 2014 Revolving Credit Facility, the October 2012 Notes and the January 2014 Notes, the Guarantor Subsidiaries (as defined in Note E) guarantee repayment of the debt. The debt is fully and unconditionally guaranteed on an unsecured, joint and several basis by the Guarantor Subsidiaries. The term of guarantees is equivalent to the term of the related debt. The following condensed consolidating financial data is presented for the holders of the October 2012 Notes and the January 2014 Notes and illustrates the composition of Staples, Inc. (the "Parent Company"), Guarantor Subsidiaries, and non-guarantor subsidiaries as of January 28, 2012 and January 29, 2011 and for the years ended January 28, 2012, January 29, 2011 and January 30, 2010. The Guarantor Subsidiaries are wholly owned by Staples, Inc. The non-guarantor subsidiaries represent more than an inconsequential portion of the consolidated assets and revenues of Staples.
Investments in subsidiaries are accounted for by the Parent Company on the equity method for purposes of the supplemental consolidating presentation. Earnings of subsidiaries are, therefore, reflected in the Parent Company's investment accounts and earnings. The principal elimination entries eliminate the Parent Company's investment in subsidiaries and intercompany balances and transactions.


Condensed Consolidating Balance Sheet
January 28, 2012
(in thousands)
 
 
Staples, Inc.
(Parent Co.)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Cash and cash equivalents
 
$
385,279

 
$
43,323

 
$
835,547

 
$
—

 
$
1,264,149

Merchandise inventories, net
 
—

 
1,437,074

 
994,771

 
—

 
2,431,845

Other current assets
 
68,608

 
1,188,378

 
1,337,840

 
—

 
2,594,826

Total current assets
 
453,887

 
2,668,775

 
3,168,158

 
—

 
6,290,820

Net property, equipment and other assets
 
671,787

 
1,165,840

 
1,320,045

 
—

 
3,157,672

Goodwill
 
1,644,728

 
156,303

 
2,181,099

 
—

 
3,982,130

Investment in affiliates and intercompany, net
 
5,951,426

 
6,935,956

 
10,988,680

 
(23,876,062
)
 
—

Total assets
 
$
8,721,828

 
$
10,926,874

 
$
17,657,982

 
$
(23,876,062
)
 
$
13,430,622

Total current liabilities
 
$
(13,544
)
 
$
2,314,411

 
$
1,773,411

 
$
—

 
$
4,074,278

Total long-term liabilities
 
1,713,159

 
195,852

 
425,120

 
—

 
2,334,131

Total stockholders' equity
 
7,022,213

 
8,416,611

 
15,459,451

 
(23,876,062
)
 
7,022,213

Total liabilities and stockholders' equity
 
$
8,721,828

 
$
10,926,874

 
$
17,657,982

 
$
(23,876,062
)
 
$
13,430,622


Condensed Consolidating Balance Sheet
As of January 29, 2011
(in thousands)
 
 
Staples, Inc.
(Parent Co.)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Cash and cash equivalents
 
$
406,821

 
$
38,298

 
$
1,016,138

 
$
—

 
$
1,461,257

Merchandise inventories, net
 
—

 
1,396,667

 
962,506

 
—

 
2,359,173

Other current assets
 
64,699

 
1,147,433

 
1,435,605

 
—

 
2,647,737

Total current assets
 
471,520

 
2,582,398

 
3,414,249

 
—

 
6,468,167

Net property, equipment and other assets
 
742,833

 
1,246,194

 
1,381,311

 
—

 
3,370,338

Goodwill
 
1,617,937

 
154,527

 
2,300,698

 
—

 
4,073,162

Investment in affiliates and intercompany, net
 
6,691,832

 
4,783,397

 
7,001,204

 
(18,476,433
)
 
—

Total assets
 
$
9,524,122

 
$
8,766,516

 
$
14,097,462

 
$
(18,476,433
)
 
$
13,911,667

Total current liabilities
 
$
875,100

 
$
1,454,741

 
$
1,963,752

 
$
—

 
$
4,293,593

Total long-term liabilities
 
1,697,841

 
562,027

 
407,025

 
—

 
2,666,893

Total stockholders' equity
 
6,951,181

 
6,749,748

 
11,726,685

 
(18,476,433
)
 
6,951,181

Total liabilities and stockholders' equity
 
$
9,524,122

 
$
8,766,516

 
$
14,097,462

 
$
(18,476,433
)
 
$
13,911,667




Condensed Consolidating Statement of Income
For the year ended January 28, 2012
(in thousands)
 
 
Staples, Inc.
(Parent Co.)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
 
$
—

 
$
15,303,379

 
$
9,718,813

 
$
—

 
$
25,022,192

Cost of goods sold and occupancy costs
 
11,328

 
11,383,452

 
6,885,584

 
—

 
18,280,364

Gross (loss) profit
 
(11,328
)
 
3,919,927

 
2,833,229

 
—

 
6,741,828

Operating and other (income) expenses
 
(995,984
)
 
3,096,381

 
2,181,477

 
1,000,813

 
5,282,687

Consolidated income (loss) before income taxes
 
984,656

 
823,546

 
651,752

 
(1,000,813
)
 
1,459,141

Income tax expense
 
—

 
307,177

 
168,131

 
—

 
475,308

Consolidated net income (loss)
 
984,656

 
516,369

 
483,621

 
(1,000,813
)
 
983,833

Loss attributed to the noncontrolling interests
 
—

 
—

 
(823
)
 
—

 
(823
)
Net income (loss) attributed to Staples, Inc. 
 
$
984,656

 
$
516,369

 
$
484,444

 
$
(1,000,813
)
 
$
984,656


Condensed Consolidating Statement of Income
For the year ended January 29, 2011
(in thousands)
 
 
Staples, Inc.
(Parent Co.)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
 
$
—

 
$
14,900,355

 
$
9,644,758

 
$
—

 
$
24,545,113

Cost of goods sold and occupancy costs
 
11,277

 
11,126,849

 
6,800,832

 
—

 
17,938,958

Gross (loss) profit
 
(11,277
)
 
3,773,506

 
2,843,926

 
—

 
6,606,155

Operating and other (income) expenses
 
(893,225
)
 
3,072,351

 
2,154,558

 
915,876

 
5,249,560

Consolidated income (loss) before income taxes
 
881,948

 
701,155

 
689,368

 
(915,876
)
 
1,356,595

Income tax expense
 
—

 
318,705

 
149,321

 
—

 
468,026

Consolidated net income (loss)
 
881,948

 
382,450

 
540,047

 
(915,876
)
 
888,569

Income attributed to the noncontrolling interests
 
—

 
—

 
6,621

 
—

 
6,621

Net income (loss) attributed to Staples, Inc. 
 
$
881,948

 
$
382,450

 
$
533,426

 
$
(915,876
)
 
$
881,948


Condensed Consolidating Statement of Income
For the year ended January 30, 2010
(in thousands)
 
 
Staples, Inc.
(Parent Co.)
 
Guarantor
Subsidiaries
 
Non-Guarantor
Subsidiaries
 
Eliminations
 
Consolidated
Sales
 
$
—

 
$
13,577,862

 
$
10,697,589

 
$
—

 
$
24,275,451

Cost of goods sold and occupancy costs
 
11,324

 
10,043,973

 
7,746,251

 
—

 
17,801,548

Gross (loss) profit
 
(11,324
)
 
3,533,889

 
2,951,338

 
—

 
6,473,903

Operating and other (income) expenses
 
(749,995
)
 
2,956,530

 
2,261,707

 
849,767

 
5,318,009

Consolidated income (loss) before income taxes
 
738,671

 
577,359

 
689,631

 
(849,767
)
 
1,155,894

Income tax expense
 
—

 
174,152

 
224,631

 
—

 
398,783

Consolidated net income (loss)
 
738,671

 
403,207

 
465,000

 
(849,767
)
 
757,111

Income attributed to the noncontrolling interests
 
—

 
—

 
18,440

 
—

 
18,440

Net income (loss) attributed to Staples, Inc. 
 
$
738,671

 
$
403,207

 
$
446,560

 
$
(849,767
)
 
$
738,671



Condensed Consolidating Statement of Cash Flows
For the year ended January 28, 2012
(in thousands)
 
 
Staples, Inc.
(Parent Co.)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidated
Net cash provided by operating activities
 
$
1,334,183

 
$
197,956

 
$
44,336

 
$
1,576,475

Investing activities:
 
 
 
 
 
 
 
 
Acquisition of property and equipment
 
(49,863
)
 
(206,150
)
 
(127,641
)
 
(383,654
)
Cash used in investing activities
 
(49,863
)
 
(206,150
)
 
(127,641
)
 
(383,654
)
Financing activities:
 
 
 
 
 
 
 
 
Proceeds from the exercise of stock options and the sale of stock under employee stock purchase plans
 
73,866

 
—

 
—

 
73,866

Proceeds from borrowings
 
93,856

 
12,378

 
195,609

 
301,843

Payments on borrowings, including payment of deferred financing fees
 
(567,419
)
 
—

 
(253,212
)
 
(820,631
)
Purchase of noncontrolling interest
 
—

 
—

 
(10,000
)
 
(10,000
)
Cash dividends paid
 
(277,936
)
 
—

 
—

 
(277,936
)
Excess tax benefits from stock-based compensation arrangements
 
812

 
841

 
152

 
1,805

Purchase of treasury stock, net
 
(629,041
)
 
—

 
—

 
(629,041
)
Cash (used in) provided by financing activities
 
(1,305,862
)
 
13,219

 
(67,451
)
 
(1,360,094
)
Effect of exchange rate changes on cash and cash equivalents
 
—

 
—

 
(29,835
)
 
(29,835
)
Net (decrease) increase in cash and cash equivalents
 
(21,542
)
 
5,025

 
(180,591
)
 
(197,108
)
Cash and cash equivalents at beginning of period
 
406,821

 
38,298

 
1,016,138

 
1,461,257

Cash and cash equivalents at end of period
 
$
385,279

 
$
43,323

 
$
835,547

 
$
1,264,149


Condensed Consolidating Statement of Cash Flows
For the year ended January 29, 2011
(in thousands)
 
 
Staples, Inc.
(Parent Co.)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidated
Net cash provided by operating activities
 
$
479,783

 
$
198,293

 
$
768,415

 
$
1,446,491

Investing activities:
 
 
 
 
 
 
 
 
     Acquisition of property and equipment
 
(56,984
)
 
(214,319
)
 
(137,586
)
 
(408,889
)
     Acquisition of businesses, net of cash acquired
 
—

 
—

 
(63,066
)
 
(63,066
)
Cash used in investing activities
 
(56,984
)
 
(214,319
)
 
(200,652
)
 
(471,955
)
Financing activities:
 
 
 
 
 
 
 
 
Proceeds from the exercise of stock options and the sale of stock under employee stock purchase plans
 
85,429

 
—

 
—

 
85,429

     Proceeds from borrowings
 
71,033

 
—

 
130,533

 
201,566

     Payments on borrowings
 
(96,207
)
 
—

 
(111,271
)
 
(207,478
)
     Cash dividends paid
 
(258,746
)
 
—

 
—

 
(258,746
)
Purchase of noncontrolling interest
 
—

 
—

 
(360,595
)
 
(360,595
)
     Purchase of treasury stock, net
 
(398,582
)
 
—

 
—

 
(398,582
)
Cash used in financing activities
 
(597,073
)
 
—

 
(341,333
)
 
(938,406
)
Effect of exchange rate changes on cash and cash equivalents
 
—

 
—

 
9,308

 
9,308

Net (decrease) increase in cash and cash equivalents
 
(174,274
)
 
(16,026
)
 
235,738

 
45,438

Cash and cash equivalents at beginning of period
 
581,095

 
54,324

 
780,400

 
1,415,819

Cash and cash equivalents at end of period
 
$
406,821

 
$
38,298

 
$
1,016,138

 
$
1,461,257


Condensed Consolidating Statement of Cash Flows
For the year ended January 30, 2010
(in thousands)
 
 
Staples, Inc.
(Parent Co.)
 
Guarantor
Subsidiaries
 
Non-
Guarantor
Subsidiaries
 
Consolidated
Net cash provided by operating activities
 
$
1,709,923

 
$
159,872

 
$
214,413

 
$
2,084,208

Investing activities:
 
 
 
 
 
 
 
 
Acquisition of property and equipment
 
(42,737
)
 
(155,684
)
 
(114,807
)
 
(313,228
)
Cash used in investing activities
 
(42,737
)
 
(155,684
)
 
(114,807
)
 
(313,228
)
Financing activities:
 
 
 
 
 
 
 
 
Payments on issuance of commercial paper
 
(1,195,557
)
 
—

 
—

 
(1,195,557
)
Proceeds from borrowings
 
869,380

 
—

 
342,044

 
1,211,424

Payments on borrowings, including payment of deferred financing fees
 
(721,044
)
 
—

 
(224,289
)
 
(945,333
)
Purchase of treasury stock, net
 
(30,661
)
 
—

 
—

 
(30,661
)
Excess tax benefits from stock-based compensation arrangements
 
3,452

 
5,053

 
258

 
8,763

Cash dividends paid
 
(236,874
)
 
—

 
—

 
(236,874
)
Proceeds from the exercise of stock options and the sale of stock under employee stock purchase plans
 
150,958

 
—

 
—

 
150,958

Cash (used in) provided by financing activities
 
(1,160,346
)
 
5,053

 
118,013

 
(1,037,280
)
Effect of exchange rate changes on cash and cash equivalents
 
—

 
—

 
48,345

 
48,345

Net increase in cash and cash equivalents
 
506,840

 
9,241

 
265,964

 
782,045

Cash and cash equivalents at beginning of period
 
74,255

 
45,083

 
514,436

 
633,774

Cash and cash equivalents at end of period
 
$
581,095

 
$
54,324

 
$
780,400

 
$
1,415,819