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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
May 05, 2019
May 06, 2018
OPERATING ACTIVITIES    
Net income $ 81.6 $ 178.9
Adjustments to reconcile to net cash used by operating activities:    
Depreciation and amortization 76.5 83.2
Equity in net income of unconsolidated affiliates (3.7) (3.8)
Deferred taxes (10.1) 5.6
Stock-based compensation expense 13.9 11.6
Impairment of long-lived assets 83.7 0.0
Debt modification and extinguishment costs 5.2 0.0
Changes in operating assets and liabilities:    
Trade receivables, net (86.3) (145.4)
Other receivables 0.6 12.7
Inventories, net 99.8 33.9
Accounts payable, accrued expenses and deferred revenue (286.6) (313.8)
Prepaid expenses (28.0) (21.4)
Contingent purchase price payments to Mr. Calvin Klein 0.0 14.6
Other, net (19.8) 47.4
Net cash provided by operating activities (73.2) (125.7)
INVESTING ACTIVITIES    
Acquisitions, net of cash acquired 0.0 (15.9)
Purchases of property, plant and equipment (76.7) (76.7)
Net cash used by investing activities [1] (76.7) (92.6)
FINANCING ACTIVITIES    
Net proceeds from short-term borrowings 286.9 235.0
Proceeds from 2019 facilities, net of related fees 1,643.5 0.0
Repayment of 2016 facilities (1,649.3) 0.0
Net proceeds from settlement of awards under stock plans 1.9 13.2
Cash dividends (5.7) (5.9)
Acquisition of treasury shares (77.5) (75.1)
Payments of finance lease liabilities (1.5) (1.2)
Net cash provided by financing activities [1] 198.3 166.0
Effect of exchange rate changes on cash and cash equivalents (6.1) (7.1)
Increase (decrease) in cash and cash equivalents 42.3 (59.4)
Cash and cash equivalents at beginning of period 452.0 493.9
Cash and cash equivalents at end of period $ 494.3 $ 434.5
[1] See Note 19 for information on Noncash Investing and Financing Transactions.