XML 76 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Nov. 03, 2013
Oct. 28, 2012
OPERATING ACTIVITIES    
Net Income $ 160,713 $ 353,092
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 267,016 102,544
Equity in income of unconsolidated affiliates, net (8,056) (5,043)
Deferred taxes (87,089) 30,777
Stock-based compensation expense 47,103 26,372
Impairment of long-lived assets 5,804 259
Debt modification and extinguishment costs 40,395 0
Write-down of assets held for sale 15,997 0
Changes in operating assets and liabilities:    
Trade receivables, net (176,011) (122,277)
Inventories, net 98,649 (50,622)
Accounts payable, accrued expenses and deferred revenue (303,418) (38,849)
Prepaid expenses (22,153) 30,011
Employer pension contributions (60,000) (21,123)
Other, net 74,968 (19,763)
Net cash provided by operating activities 53,918 285,378
INVESTING ACTIVITIES(1)    
Business acquisitions, net of cash acquired (1,815,329) (13,104)
Purchase of property, plant and equipment (166,194) (137,048)
Contingent purchase price payments (37,576) (35,694)
Investments in unconsolidated affiliates (3,468) (1,900)
Net cash used by investing activities (2,022,567) [1] (187,746) [1]
FINANCING ACTIVITIES(1)    
Net proceeds from revolving credit facilities 1,325 130,000
Net payments on short-term borrowings (26,658) (526)
Repayment of old credit facilities (900,000) (167,414)
Repayment of new credit facilities (202,938) 0
Repayment of Warnaco’s previously outstanding debt (197,000) 0
Net proceeds from new 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 27,004 7,121
Excess tax benefits from awards under stock plans 22,681 8,327
Cash dividends (12,297) (8,237)
Acquisition of treasury shares (60,441) (13,955)
Payments of capital lease obligations (7,036) (8,565)
Net cash provided (used) by financing activities 1,621,813 [1] (53,249) [1]
Effect of exchange rate changes on cash and cash equivalents (2,840) (950)
(Decrease) increase in cash and cash equivalents (349,676) 43,433
Cash and cash equivalents at beginning of period 892,209 233,197
Cash and cash equivalents at end of period $ 542,533 $ 276,630
[1] See Note 18 for information on noncash investing and financing transactions.