XML 18 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jul. 29, 2017
Jul. 30, 2016
Cash flows from operating activities    
Net income $ 171.9 $ 228.7
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98.4 91.8
Amortization of unfavorable leases and contracts (8.6) (9.9)
Pension benefit 0.0 (0.9)
Share-based compensation 6.7 8.8
Deferred taxation 2.6 7.3
Excess tax benefit from exercise of share awards 0.0 (1.3)
Credit transaction, net (20.7) 0.0
Amortization of debt discount and issuance costs 1.1 1.6
Other non-cash movements 0.6 0.3
Changes in operating assets and liabilities:    
Decrease in accounts receivable 159.1 105.1
Decrease in other receivables and other assets 6.3 15.4
Decrease in other current assets 9.3 4.3
Decrease in inventories 180.0 33.8
Decrease in accounts payable (104.4) (71.7)
Decrease in accrued expenses and other liabilities (6.4) (75.5)
(Decrease) increase in deferred revenue (17.1) 2.7
Decrease in income taxes payable (67.4) (29.7)
Pension plan contributions (1.6) (1.6)
Net cash provided by operating activities 409.8 309.2
Investing activities    
Purchase of property, plant and equipment (105.7) (101.0)
Purchase of available-for-sale securities (1.3) (2.6)
Proceeds from sale of available-for-sale securities 0.6 3.1
Net cash used in investing activities (106.4) (100.5)
Financing activities    
Dividends paid on common shares (39.0) (37.9)
Dividends paid on redeemable convertible preferred shares (19.1) 0.0
Proceeds from issuance of common shares 0.2 0.4
Excess tax benefit from exercise of share awards 0.0 1.3
Proceeds from revolving credit facility 550.0 318.0
Repayments of revolving credit facility (303.0) (118.0)
Payment of debt issuance costs 0.0 (2.7)
Repurchase of common shares (460.0) (375.0)
Net settlement of equity based awards (3.2) (4.8)
Principal payments under capital lease obligations 0.0 (0.1)
Repayments of short-term borrowings (3.1) (2.3)
Net cash used in financing activities (286.2) (228.6)
Cash and cash equivalents at beginning of period 98.7 137.7
Increase (decrease) in cash and cash equivalents 17.2 (19.9)
Effect of exchange rate changes on cash and cash equivalents 3.2 0.9
Cash and cash equivalents at end of period 119.1 118.7
Term Loan    
Financing activities    
Repayments of debt (9.0) (7.5)
Securitization facility    
Financing activities    
Repayments of debt (1,242.9) (1,278.9)
Proceeds from securitization facility 1,242.9 1,278.9
Credit Facility | Term Loan    
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of debt discount and issuance costs 0.4 0.5
Credit Facility | Revolving Credit Facility    
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of debt discount and issuance costs 0.2 0.2
Financing activities    
Proceeds from revolving credit facility 550.0 318.0
Repayments of revolving credit facility $ (303.0) $ (118.0)