Data:

You are required to:

1. Calculate the following eight ratios (grouped under one of the three categories of ratios; liquidity, profitability, and solvency, pls refer to Chap 13 and note below for reference). Look at the performance and financial position over time and comment on liquidity, profitability and solvency accordingly (not exceeding 300 words).
   1. Current ratio
   2. Current Cash Debt coverage
   3. Gross Profit ratio
   4. Profit Margin
   5. Asset Turnover
   6. Debt to Asset ratio
   7. Cash Debt coverage
   8. Times Interest Earned

You should add other ratios or analysis of your own (with supporting calculations) that you believe will assist the narrative task (should not exceed 400 words even if you extend the analysis).

3. Given that the US stock market has plummeted recently, your cousin is asking you to help pick a stock, for him, in the retail variety stores (industry classification: SIC 531), are you going to recommend to him Dollar Tree, Inc. Why or why not? (100 words)
4. You may have problems classifying some of the items (especially unfamiliar items), just state your assumptions or justifications, if any, to complete your tasks.

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions 12 Months Ended Feb. 02, 2019 Feb. 01, 2020 Feb. 03, 2018 3 Income Statement [Abstract] 4 Net sales 5 6 Cost of sales Gross profit Selling, general and administrative expenses, excluding Goodwill impairment and Receivable impairment $ 23,610.8 16,570.1 7,040.7 5,465.5 $ 22,823.3 15,875.8 6,947.5 5,160 $ 22,245.5 15,223.6 7,021.9 5,004.3 313 2,727 8 Goodwill impairment 9 Receivable impairment 10 Selling, general and administrative expenses 11 Operating income (loss) 12 Interest expense, net 13 Other expense (income), net 14 Income (loss) before income taxes 15 Provision for income taxes 16 Net income (loss) 17 Net income per share: 18 Basic net income (loss) per share (usd per share) 19 Diluted net income (loss) per share (usd per share) 20 5,778.5 1,262.2 162.1 1.4 1,098.7 271.7 $ 827 7,887 (939.5) 370 (0.5) (1,309) 281.8 $ (1,590.8) 0 18.5 5,022.8 1,999.1 301.8 (6.7) 1,704 (10.3) $ 1,714.3 $3.49 $ 3.47 $ (6.69) $ (6.69) $ 7.24 $ 7.21 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions 12 Months Ended Feb. 02, 2019 Feb. 01, 2020 Feb. 03, 2018 Statement of Comprehensive Income (Abstract] 4. Net income (loss) 5 Foreign currency translation adjustments 6 Total comprehensive income (loss) $ 827 (1.5) $825.5 $ (1,590.8) (6) $(1,596.8) $ 1,714.3 5.3 $ 1,719.6 Feb. 01, 2020 Feb. 02, 2019 CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions 2 Current assets: 3 Cash and cash equivalents 4 Merchandise inventories 5 Other current assets 6 Total current assets Property, plant and equipment, net of accumulated depreciation of $4,194.1 and $3,690.6, respectively $539.2 3,522 208.2 4,269.4 3,881.8 $422.1 3,536 335.2 4,293.3 3,445.3 7 24.6 46.8 6,225 1,983.3 2,296.6 288.7 3,100 3,100 24.4 43.9 19,574.6 52.7 13,501.2 8 Restricted cash 9 Operating lease right-of-use assets 10 Goodwill 11 Favorable lease rights, net of accumulated amortization of $287.8 at February 2, 2019 12 Trade name intangible asset 13 Deferred tax asset 14 Other assets 15 Total assets 16 Current liabilities: 17 Current portion of long-term debt 18 Current portion of operating lease liabilities 19 Accounts payable 20 Income taxes payable 21 Other current liabilities 22 Total current liabilities 23 Long-term debt, net, excluding current portion 24 Operating lease liabilities, long-term 25 Unfavorable lease rights, net of accumulated amortization of $76.9 at February 2, 2019 26 Deferred income taxes, net 27 Income taxes payable, long-term 28 Other liabilities 29 Total liabilities 30 Commitments and contingencies 31 Shareholders' equity: Common stock, par value $0.01; 600,000,000 shares authorized, 236,726,563 and 238,081,664 shares 32 issued and outstanding at February 1, 2020 and February 2, 2019, respectively 33 Additional paid-in capital 34 Accumulated other comprehensive loss 35 Retained earnings 36 Total shareholders' equity 37 Total liabilities and shareholders' equity 250 1,279.3 1,336.5 62.7 618 3,546.5 3,522.2 4,979.5 1,416.4 60 619.3 2,095.7 4,265.3 984.7 28.9 258 13,319.8 78.8 973.2 35.4 409.9 7,858.3 2.4 2.4 2,454.4 (39.8) 3,837.8 6,254.8 $ 19,574.6 2,602.7 (38.3) 3,076.1 5,642.9 $ 13,501.2 o 1 Feb. 01, 2020 Feb. 02, 2019 2 3 4 $ 4,194.1 5 CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions Statement of Financial Position [Abstract] Accumulated depreciation, property, plant and equipment Accumulated amortization, favorable lease rights Accumulated amortization, unfavorable lease rights Common stock, par value (usd per share) Common stock, shares authorized (in shares) Common stock, shares issued (in shares) Common stock, shares outstanding (in shares) 6 7 8 9 $ 0.01 600,000,000 236,726,563 236,726,563 $ 3,690.6 287.8 $ 76.9 $ 0.01 600,000,000 238,081,664 238,081,664 CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions 12 Months Ended Feb. 02, 2019 Feb. 01, 2020 Feb. 03, 2018 $ 827 $ (1,590.8) $ 1,714.3 2,727 621.1 (12.1) 313 0 645.4 9.1 61.4 6.9 24.5 0 63.1 57.2 7.8 114.7 18.5 611.2 (473.5) 65.7 15.4 10.9 0 13.6 (8.4) 8.2 (79.8) 2.7 24.3 (14.6) 36.5 1,869.8 (369.2) (21.1) 0.9 242.6 28.5 (105.4) 1.7 (300.9) (117.2) 2.6 54.5 (58.5) (22.7) (10.1) 1,766 1,510.2 (817.1) (632.2) 3 Cash flows from operating activities: 4 Net income (loss) Adjustments to reconcile net income (loss) to net cash provided by operating activities: 6 Goodwill impairment 7 Receivable impairment 8 Depreciation and amortization 9 Provision for deferred income taxes 10 Stock-based compensation expense 11 Amortization of debt discount and debt-issuance costs 12 Other non-cash adjustments to net income (loss) 13 Loss on debt extinguishment 14 Changes in operating assets and liabilities: 15 Merchandise inventories 16 Other current assets 17 Other assets 18 Accounts payable 19 Income taxes payable 20 Other current liabilities 21 Other liabilities 22 Operating lease right-of-use assets and liabilities, net 23 Net cash provided by operating activities 24 Cash flows from investing activities: 25 Capital expenditures 26 Proceeds from governmental grant 27 Proceeds from (payments for) fixed asset disposition 28 Proceeds from sale of unrestricted investments 29 Net cash used in investing activities 30 Cash flows from financing activities: 31 Proceeds from long-term debt, net of discount 32 Principal payments for long-term debt 33 Debt-issuance and debt extinguishment costs 34 Proceeds from revolving credit facility 35 Repayments of revolving credit facility 36 Proceeds from stock issued pursuant to stock-based compensation plans 37 Cash paid for taxes on exercises/vesting of stock-based compensation 38 Payments for repurchase of stock 39 Net cash used in financing activities 40 Effect of exchange rate changes on cash, cash equivalents and restricted cash 41 Net increase (decrease) in cash, cash equivalents and restricted cash 42 Cash, cash equivalents and restricted cash at beginning of year 43 Cash, cash equivalents and restricted cash at end of year 44 Cash paid for: 45 Interest, net of amounts capitalized 46 Income taxes 47 Non-cash transactions: 48 Accrued capital expenditures (1,034.8) 16.5 (1.9) 0.4 0.3 (1,020.2) (816.7) (627.9) (500) 4,775.8 (6,214.7) (155.3) (659.1) 50 (50) 17.5 (23.2) (27.4) 15.2 (25) (200) (709.8) (0.5) 139.3 446.7 586 (1,599.9) (0.5) (651.1) 1,097.8 446.7 (651.5) 0.6 231.4 866.4 1,097.8 170.2 266.8 383.4 277.5 286.5 552.4 $ 51.1 $43.2 $ 45 CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Millions 12 Months Ended Jan. 28, 2017 Feb. 03, 2018 Jan. 30, 2016 $ 20,719.2 14,324.5 6,394.7 4,689.9 $ 15,498.4 10,841.7 4,656.7 3,607 3,50 Income Statement [Abstract] Net sales Cost of sales Gross profit Selling, general and administrative expenses, excluding Receivable impairment Receivable impairment Selling, general and administrative expenses 10 Operating income Interest expense, net 12 Other (income) expense, net 13 Income before income taxes 14 Provision for income taxes 15 Net income 16 Net income per share: 17 Basic net income per share (usd per share) 18 Diluted net income per share (usd per share) $ 22,245.5 15,223.6 7,021.9 5,004.3 18.5 5,022.8 1,999.1 301.8 0 3,607 1,049.7 599.4 2.1 11 Inter 4,689.9 1,704.8 375.5 (0.1) 1,329.4 433.2 $ 896.2 (6.7) 448.2 1,704 (10.3) $ 1,714.3 165.8 $ 282.4 $ 7.24 $ 7.21 $ 3.80 $ 3.78 $ 1.27 $ 1.26 19 1 Feb. 03, 2018 Jan. 28, 2017 $ 1,097.8 $ 866.4 CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions 2 Current assets: 3 Cash and cash equivalents 4 Short-term investments 5 Merchandise inventories, net 6 Other current assets 7 Total current assets Property, plant and equipment, net of accumulated depreciation of $3,192.1 and $2,694.5, respectively 3,169.3 309.2 4,576.3 3,200.7 2,865.8 201.8 3,938 3,115.8 5,025.2 375.3 3,100 4.8 42.5 16,332.8 5,023.5 468.6 3,100 5.1 41.6 15,701.6 152.1 1,119.6 744.2 90 9 Assets available for sale 10 Goodwill 11 Favorable lease rights, net of accumulated amortization of $230.9 and $159.3, respectively 12 Tradename intangible asset 13 Other intangible assets, net 14 Other assets 15 Total assets 16 Current liabilities: 17 Current portion of long-term debt 18 Accounts payable 19 Other current liabilities 20 Income taxes payable 21 Total current liabilities 22 Long-term debt, net, excluding current portion 23 Unfavorable lease rights, net of accumulated amortization of $61.1 and $39.6, respectively 24 Deferred tax liabilities, net 25 Income taxes payable, long-term 26 Other liabilities 27 Total liabilities 28 commitments and contingencies 29 Shareholders' equity: Common stock, par value $0.01; 600,000,000 shares authorized, 237,325,963 and 236,136,439 shares issued and 30 Outstanding at February 3, 2018 and January 28, 2017, respectively 31 Additional paid-in capital 32 Accumulated other comprehensive loss 33 Retained earnings 34 Total shareholders' equity 35 Total liabilities and shareholders' equity 915.9 1,174.8 736.9 31.5 2,859.1 4,762.1 100 985.2 43.8 2,105.9 6,169.7 124 1,458.9 71.2 382.4 10,312.1 400.3 9,150.5 2.4 2.4 2,545.3 (32.3) 4,666.9 7,182.3 $ 16,332.8 2,472.1 (37.6) 2,952.6 5,389.5 $ 15,701.6 Feb. 03, 2018 Jan. 28, 2017 CONSOLIDATED BALANCE SHEETS Parenthetical - USD ($) $ in Millions 2 Statement of Financial Position [Abstract] 3 Less: accumulated depreciation Accumulated Amortization, Favorable Lease Rights Accumulated Amortization, Unfavorable Lease Rights 6 Common stock, par value (in dollars per share) 7 Common stock, shares authorized (in shares) 8 Common stock, shares outstanding (in shares) 5 $3,192.1 230.9 $ 61.1 $ 0.01 600,000,000 $ 2,694.5 159.3 $39.6 $ 0.01 600,000,000 236,136,439 10 CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions 12 Months Ended Jan. 28, 2017 Feb. 03, 2018 Jan. 30, 2016 $ 1,714.3 $ 896.2 $ 282.4 611.2 (473.5) 65.7 15.4 18.5 10.9 637.5 (124.1) 61.6 55.2 0 9.4 487.6 25.6 53.2 64.7 0 7.7 (300.9) (114.6) 54.5 (58.5) (22.7) (10.1) 1,510.2 21.9 117.2 (133.8) 77.1 30.4 24.7 1,673.3 (87.8) (63.5) 183.9 3.1 (164.1) 9.7 802.5 (632.2) (564.7) 0 (480.5) (6,527.7) (23.7) 3 Cash flows from operating activities: 4 Net income 5 Adjustments to reconcile net income to net cash provided by operating activities: 6 Depreciation and amortization 7 Provision for deferred income taxes 8 Stock-based compensation expense 9 Amortization of debt discount and debt-issuance costs 10 Receivable impairment 11 Other non-cash adjustments to net income 12 Changes in assets and liabilities increasing (decreasing) cash and cash equivalents: 13 Merchandise inventories 14 Prepaids and other current assets 15 Accounts payable 16 Income taxes payable 17 Other current liabilities 18 Other liabilities 19 Net cash provided by operating activities 20 Cash flows from investing activities: 21 Capital expenditures 22 Acquisition of Family Dollar, net of common stock issued, equity compensation and cash acquired 23 Purchase of restricted cash and investments 24 Proceeds from sale of restricted and unrestricted investments 25 Proceeds from (payments for) fixed asset disposition 26 Net cash used in investing activities 27 Cash flows from financing activities: 28 Principal payments for long-term debt 29 Proceeds from long-term debt, net of discount 30 Debt-issuance costs 31 Repayments of revolving credit facility 32 Proceeds from revolving credit facility 33 Proceeds from stock issued pursuant to stock-based compensation plans 34 Cash paid for taxes on exercises /vesting of stock-based compensation 35 Tax benefit of exercises/vesting of stock-based compensation 36 Net cash provided by (used in) financing activities 37 Effect of exchange rate changes on cash and cash equivalents 38 Net increase (decrease) in cash and cash equivalents 39 Cash and cash equivalents at beginning of year 40 Cash and cash equivalents at end of year 41 Cash paid for: 42 Interest, net of amounts capitalized 43 Income taxes 44 Accrued capital expenditures 45 Acquisition cost paid in common stock and equity compensation 53 0 4. 0.3 (627.9) (36.1) 118.1 (0.9) (483.6) 0.5 (6,978.4) (659.1) 0 (4,036.2) 2,962.5 (6.1) (140) 140 41.5 (22.2) 35 (27.4) (5,926.7) 12,130.2 (159.8) 0 0 13.9 (21.6) 12.8 6,048.8 (0.9) (128) 864.1 736.1 (651.5) 0.6 231.4 866.4 1,097.8 (1,060.5) 1.1 130.3 736.1 866.4 286.5 552.4 329.1 501.8 30.3 $0 487 138.4 72.4 $ 2,290.1 45 $0 CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions 12 Months Ended Feb. 02, 2019 Feb. 01, 2020 Feb. 03, 2018 3 Income Statement [Abstract] 4 Net sales 5 6 Cost of sales Gross profit Selling, general and administrative expenses, excluding Goodwill impairment and Receivable impairment $ 23,610.8 16,570.1 7,040.7 5,465.5 $ 22,823.3 15,875.8 6,947.5 5,160 $ 22,245.5 15,223.6 7,021.9 5,004.3 313 2,727 8 Goodwill impairment 9 Receivable impairment 10 Selling, general and administrative expenses 11 Operating income (loss) 12 Interest expense, net 13 Other expense (income), net 14 Income (loss) before income taxes 15 Provision for income taxes 16 Net income (loss) 17 Net income per share: 18 Basic net income (loss) per share (usd per share) 19 Diluted net income (loss) per share (usd per share) 20 5,778.5 1,262.2 162.1 1.4 1,098.7 271.7 $ 827 7,887 (939.5) 370 (0.5) (1,309) 281.8 $ (1,590.8) 0 18.5 5,022.8 1,999.1 301.8 (6.7) 1,704 (10.3) $ 1,714.3 $3.49 $ 3.47 $ (6.69) $ (6.69) $ 7.24 $ 7.21 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Millions 12 Months Ended Feb. 02, 2019 Feb. 01, 2020 Feb. 03, 2018 Statement of Comprehensive Income (Abstract] 4. Net income (loss) 5 Foreign currency translation adjustments 6 Total comprehensive income (loss) $ 827 (1.5) $825.5 $ (1,590.8) (6) $(1,596.8) $ 1,714.3 5.3 $ 1,719.6 Feb. 01, 2020 Feb. 02, 2019 CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions 2 Current assets: 3 Cash and cash equivalents 4 Merchandise inventories 5 Other current assets 6 Total current assets Property, plant and equipment, net of accumulated depreciation of $4,194.1 and $3,690.6, respectively $539.2 3,522 208.2 4,269.4 3,881.8 $422.1 3,536 335.2 4,293.3 3,445.3 7 24.6 46.8 6,225 1,983.3 2,296.6 288.7 3,100 3,100 24.4 43.9 19,574.6 52.7 13,501.2 8 Restricted cash 9 Operating lease right-of-use assets 10 Goodwill 11 Favorable lease rights, net of accumulated amortization of $287.8 at February 2, 2019 12 Trade name intangible asset 13 Deferred tax asset 14 Other assets 15 Total assets 16 Current liabilities: 17 Current portion of long-term debt 18 Current portion of operating lease liabilities 19 Accounts payable 20 Income taxes payable 21 Other current liabilities 22 Total current liabilities 23 Long-term debt, net, excluding current portion 24 Operating lease liabilities, long-term 25 Unfavorable lease rights, net of accumulated amortization of $76.9 at February 2, 2019 26 Deferred income taxes, net 27 Income taxes payable, long-term 28 Other liabilities 29 Total liabilities 30 Commitments and contingencies 31 Shareholders' equity: Common stock, par value $0.01; 600,000,000 shares authorized, 236,726,563 and 238,081,664 shares 32 issued and outstanding at February 1, 2020 and February 2, 2019, respectively 33 Additional paid-in capital 34 Accumulated other comprehensive loss 35 Retained earnings 36 Total shareholders' equity 37 Total liabilities and shareholders' equity 250 1,279.3 1,336.5 62.7 618 3,546.5 3,522.2 4,979.5 1,416.4 60 619.3 2,095.7 4,265.3 984.7 28.9 258 13,319.8 78.8 973.2 35.4 409.9 7,858.3 2.4 2.4 2,454.4 (39.8) 3,837.8 6,254.8 $ 19,574.6 2,602.7 (38.3) 3,076.1 5,642.9 $ 13,501.2 o 1 Feb. 01, 2020 Feb. 02, 2019 2 3 4 $ 4,194.1 5 CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Millions Statement of Financial Position [Abstract] Accumulated depreciation, property, plant and equipment Accumulated amortization, favorable lease rights Accumulated amortization, unfavorable lease rights Common stock, par value (usd per share) Common stock, shares authorized (in shares) Common stock, shares issued (in shares) Common stock, shares outstanding (in shares) 6 7 8 9 $ 0.01 600,000,000 236,726,563 236,726,563 $ 3,690.6 287.8 $ 76.9 $ 0.01 600,000,000 238,081,664 238,081,664 CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions 12 Months Ended Feb. 02, 2019 Feb. 01, 2020 Feb. 03, 2018 $ 827 $ (1,590.8) $ 1,714.3 2,727 621.1 (12.1) 313 0 645.4 9.1 61.4 6.9 24.5 0 63.1 57.2 7.8 114.7 18.5 611.2 (473.5) 65.7 15.4 10.9 0 13.6 (8.4) 8.2 (79.8) 2.7 24.3 (14.6) 36.5 1,869.8 (369.2) (21.1) 0.9 242.6 28.5 (105.4) 1.7 (300.9) (117.2) 2.6 54.5 (58.5) (22.7) (10.1) 1,766 1,510.2 (817.1) (632.2) 3 Cash flows from operating activities: 4 Net income (loss) Adjustments to reconcile net income (loss) to net cash provided by operating activities: 6 Goodwill impairment 7 Receivable impairment 8 Depreciation and amortization 9 Provision for deferred income taxes 10 Stock-based compensation expense 11 Amortization of debt discount and debt-issuance costs 12 Other non-cash adjustments to net income (loss) 13 Loss on debt extinguishment 14 Changes in operating assets and liabilities: 15 Merchandise inventories 16 Other current assets 17 Other assets 18 Accounts payable 19 Income taxes payable 20 Other current liabilities 21 Other liabilities 22 Operating lease right-of-use assets and liabilities, net 23 Net cash provided by operating activities 24 Cash flows from investing activities: 25 Capital expenditures 26 Proceeds from governmental grant 27 Proceeds from (payments for) fixed asset disposition 28 Proceeds from sale of unrestricted investments 29 Net cash used in investing activities 30 Cash flows from financing activities: 31 Proceeds from long-term debt, net of discount 32 Principal payments for long-term debt 33 Debt-issuance and debt extinguishment costs 34 Proceeds from revolving credit facility 35 Repayments of revolving credit facility 36 Proceeds from stock issued pursuant to stock-based compensation plans 37 Cash paid for taxes on exercises/vesting of stock-based compensation 38 Payments for repurchase of stock 39 Net cash used in financing activities 40 Effect of exchange rate changes on cash, cash equivalents and restricted cash 41 Net increase (decrease) in cash, cash equivalents and restricted cash 42 Cash, cash equivalents and restricted cash at beginning of year 43 Cash, cash equivalents and restricted cash at end of year 44 Cash paid for: 45 Interest, net of amounts capitalized 46 Income taxes 47 Non-cash transactions: 48 Accrued capital expenditures (1,034.8) 16.5 (1.9) 0.4 0.3 (1,020.2) (816.7) (627.9) (500) 4,775.8 (6,214.7) (155.3) (659.1) 50 (50) 17.5 (23.2) (27.4) 15.2 (25) (200) (709.8) (0.5) 139.3 446.7 586 (1,599.9) (0.5) (651.1) 1,097.8 446.7 (651.5) 0.6 231.4 866.4 1,097.8 170.2 266.8 383.4 277.5 286.5 552.4 $ 51.1 $43.2 $ 45 CONSOLIDATED INCOME STATEMENTS - USD ($) $ in Millions 12 Months Ended Jan. 28, 2017 Feb. 03, 2018 Jan. 30, 2016 $ 20,719.2 14,324.5 6,394.7 4,689.9 $ 15,498.4 10,841.7 4,656.7 3,607 3,50 Income Statement [Abstract] Net sales Cost of sales Gross profit Selling, general and administrative expenses, excluding Receivable impairment Receivable impairment Selling, general and administrative expenses 10 Operating income Interest expense, net 12 Other (income) expense, net 13 Income before income taxes 14 Provision for income taxes 15 Net income 16 Net income per share: 17 Basic net income per share (usd per share) 18 Diluted net income per share (usd per share) $ 22,245.5 15,223.6 7,021.9 5,004.3 18.5 5,022.8 1,999.1 301.8 0 3,607 1,049.7 599.4 2.1 11 Inter 4,689.9 1,704.8 375.5 (0.1) 1,329.4 433.2 $ 896.2 (6.7) 448.2 1,704 (10.3) $ 1,714.3 165.8 $ 282.4 $ 7.24 $ 7.21 $ 3.80 $ 3.78 $ 1.27 $ 1.26 19 1 Feb. 03, 2018 Jan. 28, 2017 $ 1,097.8 $ 866.4 CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions 2 Current assets: 3 Cash and cash equivalents 4 Short-term investments 5 Merchandise inventories, net 6 Other current assets 7 Total current assets Property, plant and equipment, net of accumulated depreciation of $3,192.1 and $2,694.5, respectively 3,169.3 309.2 4,576.3 3,200.7 2,865.8 201.8 3,938 3,115.8 5,025.2 375.3 3,100 4.8 42.5 16,332.8 5,023.5 468.6 3,100 5.1 41.6 15,701.6 152.1 1,119.6 744.2 90 9 Assets available for sale 10 Goodwill 11 Favorable lease rights, net of accumulated amortization of $230.9 and $159.3, respectively 12 Tradename intangible asset 13 Other intangible assets, net 14 Other assets 15 Total assets 16 Current liabilities: 17 Current portion of long-term debt 18 Accounts payable 19 Other current liabilities 20 Income taxes payable 21 Total current liabilities 22 Long-term debt, net, excluding current portion 23 Unfavorable lease rights, net of accumulated amortization of $61.1 and $39.6, respectively 24 Deferred tax liabilities, net 25 Income taxes payable, long-term 26 Other liabilities 27 Total liabilities 28 commitments and contingencies 29 Shareholders' equity: Common stock, par value $0.01; 600,000,000 shares authorized, 237,325,963 and 236,136,439 shares issued and 30 Outstanding at February 3, 2018 and January 28, 2017, respectively 31 Additional paid-in capital 32 Accumulated other comprehensive loss 33 Retained earnings 34 Total shareholders' equity 35 Total liabilities and shareholders' equity 915.9 1,174.8 736.9 31.5 2,859.1 4,762.1 100 985.2 43.8 2,105.9 6,169.7 124 1,458.9 71.2 382.4 10,312.1 400.3 9,150.5 2.4 2.4 2,545.3 (32.3) 4,666.9 7,182.3 $ 16,332.8 2,472.1 (37.6) 2,952.6 5,389.5 $ 15,701.6 Feb. 03, 2018 Jan. 28, 2017 CONSOLIDATED BALANCE SHEETS Parenthetical - USD ($) $ in Millions 2 Statement of Financial Position [Abstract] 3 Less: accumulated depreciation Accumulated Amortization, Favorable Lease Rights Accumulated Amortization, Unfavorable Lease Rights 6 Common stock, par value (in dollars per share) 7 Common stock, shares authorized (in shares) 8 Common stock, shares outstanding (in shares) 5 $3,192.1 230.9 $ 61.1 $ 0.01 600,000,000 $ 2,694.5 159.3 $39.6 $ 0.01 600,000,000 236,136,439 10 CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions 12 Months Ended Jan. 28, 2017 Feb. 03, 2018 Jan. 30, 2016 $ 1,714.3 $ 896.2 $ 282.4 611.2 (473.5) 65.7 15.4 18.5 10.9 637.5 (124.1) 61.6 55.2 0 9.4 487.6 25.6 53.2 64.7 0 7.7 (300.9) (114.6) 54.5 (58.5) (22.7) (10.1) 1,510.2 21.9 117.2 (133.8) 77.1 30.4 24.7 1,673.3 (87.8) (63.5) 183.9 3.1 (164.1) 9.7 802.5 (632.2) (564.7) 0 (480.5) (6,527.7) (23.7) 3 Cash flows from operating activities: 4 Net income 5 Adjustments to reconcile net income to net cash provided by operating activities: 6 Depreciation and amortization 7 Provision for deferred income taxes 8 Stock-based compensation expense 9 Amortization of debt discount and debt-issuance costs 10 Receivable impairment 11 Other non-cash adjustments to net income 12 Changes in assets and liabilities increasing (decreasing) cash and cash equivalents: 13 Merchandise inventories 14 Prepaids and other current assets 15 Accounts payable 16 Income taxes payable 17 Other current liabilities 18 Other liabilities 19 Net cash provided by operating activities 20 Cash flows from investing activities: 21 Capital expenditures 22 Acquisition of Family Dollar, net of common stock issued, equity compensation and cash acquired 23 Purchase of restricted cash and investments 24 Proceeds from sale of restricted and unrestricted investments 25 Proceeds from (payments for) fixed asset disposition 26 Net cash used in investing activities 27 Cash flows from financing activities: 28 Principal payments for long-term debt 29 Proceeds from long-term debt, net of discount 30 Debt-issuance costs 31 Repayments of revolving credit facility 32 Proceeds from revolving credit facility 33 Proceeds from stock issued pursuant to stock-based compensation plans 34 Cash paid for taxes on exercises /vesting of stock-based compensation 35 Tax benefit of exercises/vesting of stock-based compensation 36 Net cash provided by (used in) financing activities 37 Effect of exchange rate changes on cash and cash equivalents 38 Net increase (decrease) in cash and cash equivalents 39 Cash and cash equivalents at beginning of year 40 Cash and cash equivalents at end of year 41 Cash paid for: 42 Interest, net of amounts capitalized 43 Income taxes 44 Accrued capital expenditures 45 Acquisition cost paid in common stock and equity compensation 53 0 4. 0.3 (627.9) (36.1) 118.1 (0.9) (483.6) 0.5 (6,978.4) (659.1) 0 (4,036.2) 2,962.5 (6.1) (140) 140 41.5 (22.2) 35 (27.4) (5,926.7) 12,130.2 (159.8) 0 0 13.9 (21.6) 12.8 6,048.8 (0.9) (128) 864.1 736.1 (651.5) 0.6 231.4 866.4 1,097.8 (1,060.5) 1.1 130.3 736.1 866.4 286.5 552.4 329.1 501.8 30.3 $0 487 138.4 72.4 $ 2,290.1 45 $0