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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Nov. 03, 2019
Nov. 04, 2018
OPERATING ACTIVITIES    
Net income $ 483.6 $ 586.2
Adjustments to reconcile to net cash used by operating activities:    
Depreciation and amortization 236.5 248.0
Equity in net income of unconsolidated affiliates (7.5) (13.2)
Deferred taxes 2.6 2.3
Stock-based compensation expense 43.2 41.9
Impairment of long-lived assets 89.3 4.7
Debt modification and extinguishment costs 5.2 0.0
Other noncash gain (113.1) 0.0
Changes in operating assets and liabilities:    
Trade receivables, net (196.2) (316.1)
Other receivables (0.8) 7.9
Inventories, net 32.3 (172.9)
Accounts payable, accrued expenses and deferred revenue (88.2) (122.5)
Prepaid expenses (14.9) 2.9
Employer pension contribution (0.7) (10.0)
Contingent purchase price payments to Mr. Calvin Klein 0.0 (15.9)
Other, net (39.5) 61.8
Net cash provided by operating activities 431.8 305.1
INVESTING ACTIVITIES    
Acquisitions, net of cash acquired (192.4) (15.9)
Purchases of property, plant and equipment (233.1) (269.8)
Proceeds from sale of building 59.4 0.0
Investments in unconsolidated affiliates (2.5) 0.0
Net cash used by investing activities [1] (368.6) (285.7)
FINANCING ACTIVITIES    
Net proceeds from short-term borrowings 324.4 257.2
Proceeds from 2019 facilities, net of related fees 1,639.8 0.0
Repayment of 2016 facilities (1,649.3) (85.0)
Repayment of 2019 facilities (10.2) 0.0
Net proceeds from settlement of awards under stock plans 1.9 20.3
Cash dividends (11.3) (11.6)
Acquisition of treasury shares (240.2) (270.4)
Payments of finance lease liabilities (4.1) (4.0)
Net cash provided by financing activities [1] 51.0 (93.5)
Effect of exchange rate changes on cash and cash equivalents (11.0) (21.3)
Decrease in cash and cash equivalents 103.2 (95.4)
Cash and cash equivalents at beginning of period 452.0 493.9
Cash and cash equivalents at end of period $ 555.2 $ 398.5
[1] See Note 19 for information on Noncash Investing and Financing Transactions.