DOLLAR TREE INC
For the period ended Feb 3, 2024. Filed Mar 20, 2024.
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FY2024 · Filed Mar 20, 2024
DLTR$140.83+2.6%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended | |||
|---|---|---|---|
| (in millions) | February 3, 2024 | January 28, 2023 | January 29, 2022 |
| Cash flows from operating activities: | |||
| Net income (loss) | $(998.4) | $1,615.4 | $1,327.9 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Goodwill impairment | 1,069.0 | — | — |
| Depreciation and amortization | 841.0 | 767.9 | 716.0 |
| Provision for deferred income taxes | (258.6) | 123.0 | (23.2) |
| Stock-based compensation expense | 96.7 | 110.4 | 79.9 |
| Impairments, excluding goodwill | 1,461.5 | 40.0 | 4.4 |
| Other non-cash adjustments to net income (loss) | 20.7 | 23.7 | 15.7 |
| Loss on debt extinguishment | — | — | 43.8 |
| Changes in operating assets and liabilities: | |||
| Merchandise inventories | 335.6 | (1,085.4) | (940.4) |
| Other current assets | (60.1) | (17.9) | (49.9) |
| Other assets | (55.7) | (6.8) | (2.6) |
| Accounts payable | 164.4 | 16.8 | 403.8 |
| Income taxes payable | (5.5) | (24.5) | (3.7) |
| Other current liabilities | 193.0 | (2.2) | (36.5) |
| Other liabilities | 35.9 | (14.4) | (98.2) |
| Operating lease right-of-use assets and liabilities, net | (155.0) | 68.8 | (5.5) |
| Net cash provided by operating activities | 2,684.5 | 1,614.8 | 1,431.5 |
| Cash flows from investing activities: | |||
| Capital expenditures | (2,101.3) | (1,248.8) | (1,021.2) |
| Proceeds from governmental grant | — | — | 2.9 |
| Payments for fixed asset disposition | (6.3) | (5.0) | (1.6) |
| Net cash used in investing activities | (2,107.6) | (1,253.8) | (1,019.9) |
| Cash flows from financing activities: | |||
| Proceeds from long-term debt, net of discount | — | — | 1,197.4 |
| Principal payments for long-term debt | — | — | (1,000.0) |
| Debt-issuance and debt extinguishment costs | — | — | (59.3) |
| Proceeds from revolving credit facility | — | 555.0 | — |
| Repayments of revolving credit facility | — | (555.0) | — |
| Proceeds from commercial paper notes | 1,067.9 | — | — |
| Repayments of commercial paper notes | (1,067.9) | — | — |
| Proceeds from stock issued pursuant to stock-based compensation plans | 10.0 | 9.3 | 17.8 |
| Cash paid for taxes on exercises/vesting of stock-based compensation | (40.0) | (48.6) | (42.4) |
| Payments for repurchase of stock | (500.0) | (647.5) | (950.0) |
| Net cash used in financing activities | (530.0) | (686.8) | (836.5) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1.0) | (1.2) | (0.4) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 45.9 | (327.0) | (425.3) |
| Cash, cash equivalents and restricted cash at beginning of year | 711.3 | 1,038.3 | 1,463.6 |
| Cash, cash equivalents and restricted cash at end of year | $757.2 | $711.3 | $1,038.3 |
| Supplemental disclosure of cash flow information: | |||
| Cash paid for: | |||
| Interest, net of amounts capitalized | $131.4 | $132.2 | $176.1 |
| Income taxes | $274.0 | $401.3 | $363.4 |
| Non-cash transactions: | |||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $1,893.1 | $1,538.3 | $1,495.3 |
| Accrued capital expenditures | $138.8 | $86.6 | $68.3 |
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