Original Income Statement: BURLINGTON STORES, INC. BURLINGTON STORES, INC. CONSOLIDATED STATEMENTS OF INCOME (All amounts in thousands, except per share data) February 3, 2024 (53 Weeks) Fiscal Year Ended 28-Jan-23 29-Jan-22 Revenues Net sales Other revenue Total Revenue $9,708,973 18,494 $9,727,467 $8,684,545 18,059 $8,702,604 $9,306,549 15,707 $9,322,256 COST AND EXPENSES: Cost of sales 5,584,060 5,171,715 5,436,155 Selling, general and administrative expenses 3,288,315 2,877,356 2,868,527 Depreciation and amortization Loss on estinguishment of debt Costs related to debt amendments Impairment charges--long-lived assets Other income--net Interest expense 97 270 3,419 307,064 270,398 249,217 6,367 21,402 7,748 -40,882 -26,907 -11,630 38,274 14,657 156,020 78,399 66,474 67,502 Total costs and expenses 9,261,694 8,395,095 8,776,958 Income before income tax expense 465,773 307,509 545,298 Income tax expense 126,124 77,386 136,459 Net income $ 339,649.00 $ 230,123.00 $ 408,839.00 Net income per common share: Common stock--basic $ 5.25 $ 3.51 $ 6.14 Common stock--diluted $ 5.23 $ 3.49 $ 6.00 Weighted average number of common shares: Common stock--basic 64,672 65,637 66,588 Common stock--diluted 64,917 65,901 68,126 Original Balance Sheet: BURLINGTON STORES, INC. BURLINGTON STORES, INC. CONSOLIDATED BALANCE SHEETS (All amounts in thousands, except share and per share data) ASSETS Current assets: Cash and cash equivalents Restricted cash and cash equivalents Accounts Recievable-net allowance for doubtful accounts of $2,313 and $1,252 Merchandise Inventories Assets held for disposal Prepaid and other current assets Total current assets Property and equipment-net Operating lease assets Tradenames Goodwill 3-Feb-24 28-Jan-23 $ 925,359.00 $ 872,623.00 6,582 74,361 1,087,841 71,091 23,299 216,164 1,181,982 19,823 131,691 $2,327,024 2,283,792 1,880,325 1,668,005 3,132,768 2,945,932 238,000 238,000 47,064 47,064 Deferred tax assets Other assets 2,436 3,205 79,223 83,599 Total assets $ 7,706,840.00 $ 7,269,597.00 LIABILITIES AND STOCKHOLDER'S EQUITY Current liabilities: Account payable Current operating lease liabilities Other current liablities Current maturities of long term debt Total current liabilities Long term debt Other liabilities $ 956,350.00 $ 955,793.00 411,395 401,111 647,338 541,413 13,703 13,634 2,028,786 1,911,951 1,394,942 1,462,072 Long term operating lease liabilities Deferred tax liabilities Commitments and contingencies (Note 16) 2,984,794 2,825,292 73,793 69,386 227,593 205,991 Stockholder's equity: Preferred stock, $0.0001 par value: authorized: 50,000,000 shares Common stock Additional paid-in-capital Accumulated earnings Accumulated other comprehensive income Treasury stock, at cost Total stockholders' equity Total liabilities and stockholders' equity *Common stock, $0.0001 par value: Authorized: 500,000,000 shares $ 8 8 2,015,625 2,118,356 984,064 33,533 -2,139,029 996932 7,706,840.00 $ 644,415 28,748 -1,893,891 794,905 7,269,597.00 Issued: 82,399,577 shares and 82,037,994 shares, respectively Outstanding: 63,964,371 shares and 65,019,713 shares, respectively. Original Statement of Cash Flows: BURLINGTON STORES, INC. BURLINGTON STORES, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (All amounts in thousands) OPERATING ACTIVITIES Net income S Adjustments to reconcile net income to net cash provided by operating activities Depreciation and amortization Impairment charges-long-lived assets Amortization of deferred financing costs Accretion of long term debt instruments Deferred income taxes Loss on extinguishment of debt Non-cash stock compensation expense Non-cash lease expense Cash received from landlord allowances Changes in assets and liabilities: Accounts receivable Merchandise inventories Prepaid and other current assets Accounts payable Other current liabilities Other long term assets and long term liabilities Other operating activities Net cash provided by operating activities Fiscal Year Ended 307,064 6,367 3,193 February 3, 2024 (53 Weeks) 28-Jan-23 29-Jan-22 339,649.00 $ 230,123.00 $408,839 270,398 21,402 249,217 7,748 5,323 3,633 958 949 889 20,663 -25,431 51,925 38,274 14,657 156,020 83,948 67,480 58,546 -7,724 -523 -10,294 14,585 23,137 34,051 4,464 -13,012 10,186 94,141 -160,974 -280,220 -84,473 244,852 -56,363 -21,953 -125,006 214,792 80,774 44,830 -33,129 3,651 -360 -2,782 -5,918 230 18,384 868,735 596,385 833,159 INVESTING ACTIVITIES Cash paid for property and equipment -492,644 -447,393 -352,467 Lease acquisition costs -24,640 -3,710 -576 Proceeds from sale of property and equipment and assets held for sale 13,539 27,961 8,654 Net cash used in investing activities -503,745 -423,142 -344,389 FINANCING ACTIVITIES Proceeds from long term debt-Term B-6 Loans 956,608 Principal payments on long term debt-Term B-6 Loans -9,614 -9,614| 4,807 Principal payments on long term debt-Term B-5 Loans -961,415 Proceeds from long term debt-2027 Convertible Notes 297,069 Principal payment on long term debt-2025 Convertible Notes -386,519 -78,240 -201,695 Principal payments on long term debt-Secured Notes -323,905 Purchase of treasury shares -243,188 -316,896 -266,628 Proceeds from stock option exercises 18,783 20,592 39,887 Deferred financing costs Other financing activities -2,143 Net cash used in financing activities 4,633 -318,836 -7,553 -13,857 Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash 46,154 -391,711 -218,468 -777,955 -289,185 Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 879,205 Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period $ Supplemental disclosure of cash flow information: 925,359.00 $ 1,097,673 879,205.00 $ 1,386,858 1,097,673.00 Interest paid $ Income tax payments (refund)-net $ 88,148.00 $ 86,237.00 $ 51,445.00 $ (208,333.00) $ 52,671.00 130,247.00 Non-cash investing and financing activities: Shares issued to repurchase Convertible Notes Finance lease modification Accrued purchases of property and equipment Exchange of noncash assets $ 151,206.00 S 110,475.00 $ (6,042.00) 66,007.00 $ 7.300.00 63,296.00 Original Statement of Stockholders' Equity: BURLINGTON STORES, INC. 83,698 Shares issued to redeem convertible notes 513,991 Unrealized gains on interest rate derivative contracts, net of related taxes of $3.0 million Amount reclassified into earnings, net of related taxes of $4.0 million Adoption of ASU 2020-06 Balance at January 29, 2022 Common Stock Additional Paid-In Accumulated Accumulated Other Comprehensive BURLINGTON STORES, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (All dollar amounts in thousands) Shares Amount Capital Deficit Loss (Income) Balance at January 30,2021 Net income Stock options exercised Shares used for tax withholding Shares purchased as part of publicly announced programs Vesting of restricted shares, net of forfeitures of 2,886 restricted shares Stock based compensation 80,661,453 S 7 S 1,809,831 S (11,702) $ 408,839 418,173 39,887 Treasury Stock Shares Amount (23,015) -14,275,122 $ (1.310,367) S Total 464,754 408,839 39,887 -53,783 -856,855 -16,612 -250,016 -16,612 -250,016 58,546 151,206 58,546 151,206 7,931 10,643 7,931 10,643 -131,916 17,155 -114,761 81,677,315 1,927,554 414,292 -4,441 -15,185,760 -1,576,995 760,417 Net income Stock options exercised Shares used for tax withholding 230,123 230,123 168,720 20,591 20,592 Shares purchased as part of publicly announced programs -75,710 -1,756,811 -14,238 -14,238 -302,658 302,658 Vesting of restricted shares, net of for feitures of 199 restricted shares 191,959 Stock based compensation 67,480 67,480 67,480 Unrealized gains on interest rate derivative contracts, net of related taxes of $10.1 million Amount reclassified into carnings, net of related taxes of $2.0 million 27,726 5,463 27,726 5,463 Balance at January 28, 2023 82,037,994 2,015,625 Net income Stock options exercised 644,415 339,649 28,748 -17,018,281 -1,893,891 794,905 339,649 157,003 18,783 18,783 Shares used for tax withholding Shares purchased as part of publicly announced programs, inclusive of $1.9 million related to exe Vesting of restricted shares -62,894 -1,354,031 -11,255 -233,883 -11,255 -233,883 204,580 Stock based compensation 83,948 Unrealized gains on interest rate derivative contracts, net of related taxes of $3.8 million Amount reclassified into earnings, net of related taxes of $2.1 million Balance at February 3, 2024 83,948 82,399,577 2,118,356 $ 984,064 $ 10,460 -5,675 33,533 10,460 -5,675 -18,435,206 $ (2,139,029) S 996,932 Original Statement of Stockholders' Equity: wwwwwwwm BURLINGTON STORES, INC. Balance at January 30, 2021 Net income Stock options exercised Shares used for tax withholding Shares purchased as part of publicly announced programs Vesting of restricted shares, net of forfeitures of 2,886 restricted shares Stock based compensation Accumulated Other Common Stock Additional Paid-In Accumulated Treasury Stock BURLINGTON STORES, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (All dollar amounts in thousands) Shares Amount Capital Deficit Comprehensive Loss (Income) Shares Amount 80,661,453 S 7 S 1,809,831 S (11,702) $ 408,839 (23,015) -14,275,122 $ (1,310,367) S Total 464,754 408,839 418,173 39,887 39,887 -53,783 -856,855 -16,612 -250,016 -16,612 -250,016 83,698 Shares issued to redeem convertible notes 513,991 Unrealized gains on interest rate derivative contracts, net of related taxes of $3.0 million Amount reclassified into earnings, net of related taxes of $4.0 million Adoption of ASU 2020-06 Balance at January 29, 2022 58,546 151,206 58,546 151,206 7,931 10,643 7,931 10,643 -131,916 17,155 -114,761 81,677,315 1,927,554 Net income Stock options exercised Shares used for tax withholding Shares purchased as part of publicly announced programs 414,292 230,123 -4,441 -15,185,760 -1,576,995 760,417 230,123 168.720 20,591 20,592 -75,710 -1,756,811 -14,238 -14,238 -302,658 302,658 Vesting of restricted shares, net of for feitures of 199 restricted shares 191,959 Stock based compensation 67,480 67,480 67,480 Unrealized gains on interest rate derivative contracts, net of related taxes of $10.1 million Amount reclassified into carnings, net of related taxes of $2.0 million Balance at January 28, 2023 82,037,994 8 2,015,625 Net income 644,415 339,649 27,726 5,463 28,748 27,726 5,463 -17,018,281 -1,893,891 794,905 339,649 Stock options exercised 157,003 18,783 18,783 Shares used for tax withholding Shares purchased as part of publicly announced programs, inclusive of $1.9 million related to exc Vesting of restricted shares -62,894 -1,354,031 -11,255 -233,883 -11,255 -233,883 204,580 Stock based compensation 83,948 Unrealized gains on interest rate derivative contracts, net of related taxes of $3.8 million Amount reclassified into eamings, net of related taxes of $2.1 million Balance at February 3, 2024 83,948 82,399,577 $8 S 2,118,356 S 984,064 $ 10,460 -5,675 33,533 10,460 -5,675 -18,435,206 $ (2,139,029) $ 996,932