DOLLAR TREE INC
For the period ended Aug 3, 2024. Filed Sep 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Aug 3, 2024 · Filed Sep 4, 2024
DLTR$140.83+2.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| 26 Weeks Ended | ||
|---|---|---|
| (in millions) | August 3, 2024 | July 29, 2023 |
| Cash flows from operating activities: | ||
| Net income | $432.5 | $499.4 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 480.6 | 399.0 |
| Provision for deferred income taxes | 76.7 | 3.8 |
| Stock-based compensation expense | 57.5 | 53.2 |
| Impairments | 0.2 | 1.3 |
| Other non-cash adjustments to net income | 5.4 | 38.6 |
| Changes in operating assets and liabilities: | ||
| Merchandise inventories | (16.5) | 120.5 |
| Income taxes receivable | — | (22.0) |
| Other current assets | (39.3) | (18.5) |
| Other assets | (34.1) | (15.9) |
| Accounts payable | 173.1 | (123.8) |
| Income taxes payable | (52.2) | (48.0) |
| Other current liabilities | (33.7) | 35.7 |
| Other liabilities | 10.7 | 4.8 |
| Operating lease right-of-use assets and liabilities, net | (58.3) | (4.3) |
| Net cash provided by operating activities | 1,002.6 | 923.8 |
| Cash flows from investing activities: | ||
| Capital expenditures | (972.9) | (775.8) |
| Proceeds from insurance recoveries | 25.8 | — |
| Payments for fixed asset disposition | (2.9) | (5.2) |
| Net cash used in investing activities | (950.0) | (781.0) |
| Cash flows from financing activities: | ||
| Net proceeds from commercial paper notes | 249.7 | — |
| Proceeds from stock issued pursuant to stock-based compensation plans | 5.7 | 5.5 |
| Cash paid for taxes on exercises/vesting of stock-based compensation | (20.3) | (27.7) |
| Payments for repurchase of stock | (400.0) | (250.0) |
| Net cash used in financing activities | (164.9) | (272.2) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (0.5) | 0.9 |
| Net decrease in cash, cash equivalents and restricted cash | (112.8) | (128.5) |
| Cash, cash equivalents and restricted cash at beginning of period | 757.2 | 711.3 |
| Cash, cash equivalents and restricted cash at end of period | $644.4 | $582.8 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for: | ||
| Interest, net of amounts capitalized | $67.1 | $64.5 |
| Income taxes | $115.6 | $223.6 |
| Non-cash transactions: | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $953.5 | $959.7 |
| Accrued capital expenditures | $78.7 | $86.3 |
| Losses on property, plant and equipment recorded in insurance receivables | $20.9 | $— |
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