XML 63 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Aug. 02, 2014
Aug. 03, 2013
Aug. 02, 2014
Aug. 03, 2013
Cash flows from operating activities        
Net income $ 58.0 $ 67.4 $ 154.6 $ 159.2
Adjustments to reconcile net income to cash provided by operating activities:        
Depreciation and amortization 36.5 25.5 64.5 51.1
Amortization of unfavorable leases and contracts (5.9)   (5.9)  
Pension benefit (0.6) (0.1) (1.2) (0.2)
Share-based compensation 4.0 3.5 7.2 6.5
Deferred taxation (13.6) (4.4) (4.2) (2.5)
Excess tax benefit from exercise of share awards   (4.5) (7.7) (4.5)
Amortization of debt discount and issuance costs 4.5 0.1 5.5 0.2
Other non-cash movements 0.7 (0.7) 0.1 (0.9)
Changes in operating assets and liabilities:        
(Increase) decrease in accounts receivable (7.9) 5.2 58.3 52.8
Increase in other receivables and other assets (2.3) (4.4) (4.0) (9.9)
(Increase) decrease in other current assets (23.2) (0.5) (22.7) 4.0
Decrease (increase) in inventories 37.0 (2.7) 17.1 (57.4)
Decrease in accounts payable (24.7) (47.6) (28.9) (29.3)
Increase (decrease) in accrued expenses and other liabilities 23.9 (5.8) (19.0) (57.1)
Increase (decrease) in deferred revenue 6.1 (0.4) 21.0 7.6
Increase (decrease) in income taxes payable 19.5 (15.8) (48.5) (58.2)
Pension plan contributions (1.1) (1.0) (2.2) (2.8)
Effect of exchange rate changes on currency swaps (0.5) (0.4) (0.1) (0.1)
Net cash provided by (used in) operating activities 110.4 13.4 183.9 58.5
Investing activities        
Purchase of property, plant and equipment (61.9) (30.4) (90.0) (53.6)
Purchase of available-for-sale securities (1.2)   (1.2)  
Proceeds from sale of available-for-sale securities 1.0   1.0  
Net cash used in investing activities (1,491.3) (29.0) (1,519.4) (52.2)
Financing activities        
Dividends paid (14.4) (12.1) (26.4) (21.9)
Proceeds from issuance of common shares 1.0 0.2 2.0 5.2
Excess tax benefit from exercise of share awards   4.5 7.7 4.5
Proceeds from term loan 400.0   400.0  
Proceeds from senior notes 398.4   398.4  
Proceeds from securitization facility 930.6   930.6  
Repayments of securitization facility (330.6)   (330.6)  
Payment of debt issuance costs (15.4)   (18.4)  
Repurchase of common shares (11.0) (25.0) (22.4) (75.1)
Net settlement of equity based awards 0.2 0.1 (15.1) (9.0)
Principal payments under capital lease obligations (0.2)   (0.2)  
(Repayment of) proceeds from short-term borrowings (11.7) (4.0) (22.2) 1.7
Net cash (used in) provided by financing activities 1,346.9 (36.3) 1,303.4 (94.6)
Cash and cash equivalents at beginning of period 249.1   247.6 301.0
Decrease in cash and cash equivalents (34.0) (51.9) (32.1) (88.3)
Effect of exchange rate changes on cash and cash equivalents (0.1) 1.1 (0.5) 0.2
Cash and cash equivalents at end of period 215.0 212.9 215.0 212.9
Ultra Stores
       
Investing activities        
Acquisition of business, net of cash received   1.4   1.4
Zale Corporation
       
Investing activities        
Acquisition of business, net of cash received $ (1,429.2)   $ (1,429.2)