XML 61 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Nov. 01, 2014
Nov. 02, 2013
Nov. 01, 2014
Nov. 02, 2013
Cash flows from operating activities        
Net (loss) income $ (1.3) $ 33.6 $ 153.3 $ 192.8
Adjustments to reconcile net (loss) income to net cash used in operating activities:        
Depreciation and amortization 40.3 28.3 104.8 79.4
Amortization of unfavorable leases and contracts (8.9)   (14.8)  
Pension benefit (0.6) (0.1) (1.8) (0.3)
Share-based compensation 3.5 3.8 10.7 10.3
Deferred taxation (28.0) 2.2 (32.2) (0.3)
Excess tax benefit from exercise of share awards     (7.7) (4.5)
Amortization of debt discount and issuance costs 1.0 0.1 6.5 0.3
Other 0.6 (1.9) 0.7 (2.8)
Changes in operating assets and liabilities:        
Decrease in accounts receivable 23.5 29.0 81.8 81.8
Increase in other receivables and other assets (0.9) (7.6) (4.9) (17.5)
Increase other current assets (13.8) (6.6) (36.5) (2.6)
Increase in inventories (338.2) (214.9) (321.1) (272.3)
Increase in accounts payable 161.8 109.5 132.9 80.2
Increase (decrease) in accrued expenses and other liabilities 4.0 (9.4) (15.0) (66.5)
Increase (decrease) in deferred revenue 8.2 (0.7) 29.2 6.9
Decrease in income taxes payable (58.2) (43.6) (106.7) (101.8)
Pension plan contributions (1.0) (1.1) (3.2) (3.9)
Effect of exchange rate changes on currency swaps (0.1) (1.0) (0.2) (1.1)
Net cash used in operating activities (208.1) (80.4) (24.2) (21.9)
Investing activities        
Purchase of property, plant and equipment (75.1) (53.3) (165.1) (106.9)
Purchase of available-for-sale securities (3.0)   (4.2)  
Proceeds from sale of available-for-sale securities 1.5   2.5  
Net cash (used in) provided by investing activities (76.6) (53.3) (1,596.0) (105.5)
Financing activities        
Dividends paid (14.4) (12.1) (40.8) (34.0)
Proceeds from issuance of common shares 2.2 2.8 4.2 8.0
Excess tax benefit from exercise of share awards     7.7 4.5
Proceeds from senior notes     398.4  
Proceeds from term loan     400.0  
Repayments of term loan (5.0)   (5.0)  
Proceeds from securitization facility 493.4   1,424.0  
Repayments of securitization facility (493.4)   (824.0)  
Proceeds from revolving credit facility 145.0 35.0 145.0 35.0
Payment of debt issuance costs (2.1)   (20.5)  
Repurchase of common shares (7.4) (25.0) (29.8) (100.1)
Net settlement of equity based awards (3.0) (0.1) (18.1) (9.1)
Principal payments under capital lease obligations (0.3)   (0.5)  
Proceeds from short-term borrowings 43.0 9.3 20.8 11.0
Net cash (used in) provided by financing activities 158.0 9.9 1,461.4 (84.7)
Cash and cash equivalents at beginning of period 215.0 212.9 247.6 301.0
Decrease in cash and cash equivalents (126.7) (123.8) (158.8) (212.1)
Effect of exchange rate changes on cash and cash equivalents (0.7) (1.3) (1.2) (1.1)
Cash and cash equivalents at end of period 87.6 87.8 87.6 87.8
Ultra Stores
       
Investing activities        
Acquisition of business, net of cash received       1.4
Zale Corporation
       
Cash flows from operating activities        
Net (loss) income (22.6)   (29.6)  
Investing activities        
Acquisition of business, net of cash received     $ (1,429.2)