Utilizing the financial statement below. Find return on assets ratio, profit margin ratio, gross profit rate, free cash flow, times interest earned ratio, debt to assets ratio, days in inventory, current ratio, and working capital.
CONSOLIDATED STATEMENTS OF INCOME (Amounts in thousands, except per share data) Fiscal Year Ended $ $ February 2, 2019 8,436,570 5,998,788 2,437,782 1,986,576 6,473 February 1, 2020 8,750,743 $ 6,196,185 2,554,558 2,173,677 5.268 375,613 (33,779) 17,012 (15,324) 407,704 110,242 297,462 $ February 3, 2018 8,590,472 6,101,412 2,489,060 1,982,363 29,123 477,574 Net sales Cost of goods sold, including occupancy and distribution costs GROSS PROFIT Selling, general and administrative expenses Pre-opening expenses INCOME FROM OPERATIONS Gain on sale of subsidiaries Interest expense Other (income) expense INCOME BEFORE INCOME TAXES Provision for income taxes NET INCOME EARNINGS PER COMMON SHARE: Basic 444,733 10,248 2.565 431,920 8,047 (31,810) 501,337 177,892 323,445 112,056 319,864 $ $ $ 3.40 $ $ 3.02 3.27 3.24 $ 3.01 Diluted WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic Diluted 87,502 89,066 97,743 98,781 106,977 107,586 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in thousands) Fiscal Year Ended February 1, February 2, 2020 2019 NET INCOME $ 297,462 $ 319,864 $ OTHER COMPREHENSIVE (LOSS) INCOME: Foreign currency translation adjustment, net of tax (42) TOTAL OTHER COMPREHENSIVE (LOSS) INCOME (42) COMPREHENSIVE INCOME $ 297,462 $ 319,822 S February 3, 2018 323,445 54 54 323,499 CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share data) February 1, 2020 February 2, 2019 ASSETS $ 69,334 $ 53,173 5,762 2,202,275 79,472 CURRENT ASSETS: Cash and cash equivalents Accounts receivable, net Income taxes receivable Inventories, net Prepaid expenses and other current assets Total current assets Property and equipment, net Operating lease assets Intangible assets, net Goodwill OTHER ASSETS: Deferred income taxes Other 113,653 37,970 6,135 1,824,696 139,944 2,122,398 1,565,271 2.410,016 1,415,728 2,313,846 94,768 245,857 130,166 250,476 14,412 133,933 148,345 6,628,560 Total other assets 13,243 105,595 118,838 4,187,149 $ $ $ $ 889,908 364,342 1,001,589 415,501 422.970 10,455 225,959 2,076,474 20,142 230,247 1,504,639 224,100 2,453,346 9,187 11,776 TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable Accrued expenses Operating lease liabilities Income taxes payable Deferred revenue and other liabilities Total current liabilities LONG-TERM LIABILITIES: Revolving credit borrowings Long-term operating lease liabilities Deferred income taxes Other long-term liabilities Total long-term liabilities Commitments and contingencies STOCKHOLDERS' EQUITY: Preferred stock, par value $0.01 per share; 5,000,000 shares authorized; none issued and outstanding Common stock, par value $0.01 per share, authorized shares 200,000,000; 111,736,741 issued and 59,255,731 outstanding at February 1, 2020; 110,734,156 issued and 69,304,874 outstanding at February 2, 2019 Class B common stock, par value $0.01 per share, authorized shares 40,000,000; 24,291,123 issued and outstanding at February 1, 2020; 24,541,123 issued and outstanding at February 2, 2019 Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock, at cost, 52,481,010 and 41,429,482 at February 1, 2020 and February 2, 2019, respectively Total stockholders' equity TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 133,855 2,820,488 766,573 778,349 593 693 243 245 1,253,867 2,645,281 (120) (2,168,266) 1,731,598 6,628,560 1,214,287 2,455,192 (120) (1,766,136) 1,904,161 4,187,149 $ $ wa 1111111 - - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (in thousands) Class B Common Stock Common Stock Accumulated Additional Other Paid-In Retained Comprehensive Treasury Shares Amount Shares Amount Capital Earnings Loss Stock Total BALANCE, January 28, 2017 85,620 $ 856 24,711 $ 247 $1,130,830 $ 1,956,066 $ (132) S(1,158,378) $1,929,489 Adjustment for cumulative effect from change in accounting principle (ASU 2016-16) (1,744) (1,744) Exercise of stock options 582 6 16,552 16,558 Restricted stock vested 360 3 (3) Minimum tax withholding requirements (122) (1) (5,840) (5,841) Net income 323,445 323,445 Stock-based compensation 36,239 36,239 Foreign currency translation adjustment, net of taxes of $30 54 54 Purchase of shares for treasury (8,122) (81) (284,502) (284,583) Cash dividends declared, $0.68 per common share (72,116) (72,116) BALANCE, February 3, 2018 , 3 78,318 $ 783 24,711 $ 247 $1,177,778 $ 2,205,651 $ (78) $(1,442,880) $1,941,501 Adjustment for cumulative effect from change in accounting principle (ASU 2014-09) 20,488 20,488 Exchange of Class B common stock for common stock 170 2 (170) (2) Restricted stock vested 549 5 (5) (5 Minimum tax withholding requirements (160) (1) (5,427) (5,428) Net income 319,864 319,864 Stock-based compensation 41.941 41,941 Foreign currency translation adjustment, net of taxes of $13 (42) (42) Purchase of shares for treasury (9,572) (96) (323,256) (323,352) Cash dividends declared, S0.90 per common share (90,811) (90,811) ( BALANCE, February 2, 2019 69,305 S 693 24,541 $ 245 $1,214,287 $2,455,192 $ (120) $(1,766,136) $1,904,161 Adjustment for cumulative effect from change in accounting principle (ASU 2016-02) (7,953) (7,953) Exchange of Class B common stock for common stock 250 2 (250) (2) Exercise of stock options 144 1 5,564 5,565 Restricted stock vested 853 9 (9) ( Minimum tax withholding requirements (244) (2) (9,468) (9,470) Net income 297,462 297,462 Stock-based compensation 43.493 43,493 Purchase of shares for treasury (11,052) (110) (402,130) (402,240) Cash dividends declared, $1.10 per common share (99,420) (99,420) BALANCE, February 1, 2020 59,256 s 593 24.291 S 243 $1,253,867 $ 2,645,281 S (120) S(2,168,266) $1,731,598 LILIT | NSOLIDA ASH FLOWS EMENTS OF in thousands) Fiscal Year Ended February 2, February 1, 2020 2019 February 3, 2018 S 297,462 S 319,864 $ 323,445 244,764 242,978 270,448 28,296 (1,160) 43,493 (33,779) (5,258) 41,941 42,453 36,239 400 (377,579) 6,401 94,202 37,826 (9,314) 37,959 9,957 16,215 (94,131) 10,980 125,632 21,372 7,964 27,730 (4,318) 712.755 (208) (71,751) (29,072) 124,628 13,597 (39,347) 101,712 1,636 404,612 746,310 (198,219) (474,347) (217,461) 49,103 40,387 CASH FLOWS FROM OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, amortization, and other Impairment of trademark Deferred income taxes Stock-based compensation Gain on sale of subsidiaries Changes in assets and liabilities: Accounts receivable Inventories Prepaid expenses and other assets Accounts payable Accrued expenses Income taxes payable / receivable Deferred construction allowances Deferred revenue and other liabilities Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures Proceeds from sales of other assets Proceeds from sale of subsidiaries, net of cash sold Acquisitions, net of cash acquired Deposits and purchases of other assets Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Revolving credit borrowings Revolving credit repayments Proceeds from term loan Payments on other long-term debt and finance lease obligations Proceeds from exercise of stock options Minimum tax withholding requirements Cash paid for treasury stock Cash dividends paid to stockholders Increase (decrease) in bank overdraft Net cash used in financing activities EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD CASH AND CASH EQUIVALENTS, END OF PERIOD Supplemental disclosure of cash flow information: Accrued property and equipment Cash paid during the fiscal year for interest Cash paid during the fiscal year for income taxes (1,300) (129,271) (8,957) (2,344) (485,648) (198,219) 2,263,550 (2,039,450) 1,875,400 (1,875,400) (5,242) (56,851) 5,565 (9,470) (402,240) (98,312) 17,548 (319,660) (5,428) (323,352) (89,273) (78,799) (502,094) (42) 12,400 101,253 113,653 2,742,800 (2,742,800) 62,492 (2,531) 16,558 (5,841) (284,583) (73,099) (37,236) (324,240) 54 (63,524) 164,777 101,253 (44,319) 113,653 $ 69,334 S S S S 18,937 S 32,746 16,362 123,698 S S $ 9,317 S 114,018 $ 29,834 8,598 185,798 S CONSOLIDATED STATEMENTS OF INCOME (Amounts in thousands, except per share data) Fiscal Year Ended $ $ February 2, 2019 8,436,570 5,998,788 2,437,782 1,986,576 6,473 February 1, 2020 8,750,743 $ 6,196,185 2,554,558 2,173,677 5.268 375,613 (33,779) 17,012 (15,324) 407,704 110,242 297,462 $ February 3, 2018 8,590,472 6,101,412 2,489,060 1,982,363 29,123 477,574 Net sales Cost of goods sold, including occupancy and distribution costs GROSS PROFIT Selling, general and administrative expenses Pre-opening expenses INCOME FROM OPERATIONS Gain on sale of subsidiaries Interest expense Other (income) expense INCOME BEFORE INCOME TAXES Provision for income taxes NET INCOME EARNINGS PER COMMON SHARE: Basic 444,733 10,248 2.565 431,920 8,047 (31,810) 501,337 177,892 323,445 112,056 319,864 $ $ $ 3.40 $ $ 3.02 3.27 3.24 $ 3.01 Diluted WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic Diluted 87,502 89,066 97,743 98,781 106,977 107,586 CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (in thousands) Fiscal Year Ended February 1, February 2, 2020 2019 NET INCOME $ 297,462 $ 319,864 $ OTHER COMPREHENSIVE (LOSS) INCOME: Foreign currency translation adjustment, net of tax (42) TOTAL OTHER COMPREHENSIVE (LOSS) INCOME (42) COMPREHENSIVE INCOME $ 297,462 $ 319,822 S February 3, 2018 323,445 54 54 323,499 CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share data) February 1, 2020 February 2, 2019 ASSETS $ 69,334 $ 53,173 5,762 2,202,275 79,472 CURRENT ASSETS: Cash and cash equivalents Accounts receivable, net Income taxes receivable Inventories, net Prepaid expenses and other current assets Total current assets Property and equipment, net Operating lease assets Intangible assets, net Goodwill OTHER ASSETS: Deferred income taxes Other 113,653 37,970 6,135 1,824,696 139,944 2,122,398 1,565,271 2.410,016 1,415,728 2,313,846 94,768 245,857 130,166 250,476 14,412 133,933 148,345 6,628,560 Total other assets 13,243 105,595 118,838 4,187,149 $ $ $ $ 889,908 364,342 1,001,589 415,501 422.970 10,455 225,959 2,076,474 20,142 230,247 1,504,639 224,100 2,453,346 9,187 11,776 TOTAL ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accounts payable Accrued expenses Operating lease liabilities Income taxes payable Deferred revenue and other liabilities Total current liabilities LONG-TERM LIABILITIES: Revolving credit borrowings Long-term operating lease liabilities Deferred income taxes Other long-term liabilities Total long-term liabilities Commitments and contingencies STOCKHOLDERS' EQUITY: Preferred stock, par value $0.01 per share; 5,000,000 shares authorized; none issued and outstanding Common stock, par value $0.01 per share, authorized shares 200,000,000; 111,736,741 issued and 59,255,731 outstanding at February 1, 2020; 110,734,156 issued and 69,304,874 outstanding at February 2, 2019 Class B common stock, par value $0.01 per share, authorized shares 40,000,000; 24,291,123 issued and outstanding at February 1, 2020; 24,541,123 issued and outstanding at February 2, 2019 Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock, at cost, 52,481,010 and 41,429,482 at February 1, 2020 and February 2, 2019, respectively Total stockholders' equity TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 133,855 2,820,488 766,573 778,349 593 693 243 245 1,253,867 2,645,281 (120) (2,168,266) 1,731,598 6,628,560 1,214,287 2,455,192 (120) (1,766,136) 1,904,161 4,187,149 $ $ wa 1111111 - - CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (in thousands) Class B Common Stock Common Stock Accumulated Additional Other Paid-In Retained Comprehensive Treasury Shares Amount Shares Amount Capital Earnings Loss Stock Total BALANCE, January 28, 2017 85,620 $ 856 24,711 $ 247 $1,130,830 $ 1,956,066 $ (132) S(1,158,378) $1,929,489 Adjustment for cumulative effect from change in accounting principle (ASU 2016-16) (1,744) (1,744) Exercise of stock options 582 6 16,552 16,558 Restricted stock vested 360 3 (3) Minimum tax withholding requirements (122) (1) (5,840) (5,841) Net income 323,445 323,445 Stock-based compensation 36,239 36,239 Foreign currency translation adjustment, net of taxes of $30 54 54 Purchase of shares for treasury (8,122) (81) (284,502) (284,583) Cash dividends declared, $0.68 per common share (72,116) (72,116) BALANCE, February 3, 2018 , 3 78,318 $ 783 24,711 $ 247 $1,177,778 $ 2,205,651 $ (78) $(1,442,880) $1,941,501 Adjustment for cumulative effect from change in accounting principle (ASU 2014-09) 20,488 20,488 Exchange of Class B common stock for common stock 170 2 (170) (2) Restricted stock vested 549 5 (5) (5 Minimum tax withholding requirements (160) (1) (5,427) (5,428) Net income 319,864 319,864 Stock-based compensation 41.941 41,941 Foreign currency translation adjustment, net of taxes of $13 (42) (42) Purchase of shares for treasury (9,572) (96) (323,256) (323,352) Cash dividends declared, S0.90 per common share (90,811) (90,811) ( BALANCE, February 2, 2019 69,305 S 693 24,541 $ 245 $1,214,287 $2,455,192 $ (120) $(1,766,136) $1,904,161 Adjustment for cumulative effect from change in accounting principle (ASU 2016-02) (7,953) (7,953) Exchange of Class B common stock for common stock 250 2 (250) (2) Exercise of stock options 144 1 5,564 5,565 Restricted stock vested 853 9 (9) ( Minimum tax withholding requirements (244) (2) (9,468) (9,470) Net income 297,462 297,462 Stock-based compensation 43.493 43,493 Purchase of shares for treasury (11,052) (110) (402,130) (402,240) Cash dividends declared, $1.10 per common share (99,420) (99,420) BALANCE, February 1, 2020 59,256 s 593 24.291 S 243 $1,253,867 $ 2,645,281 S (120) S(2,168,266) $1,731,598 LILIT | NSOLIDA ASH FLOWS EMENTS OF in thousands) Fiscal Year Ended February 2, February 1, 2020 2019 February 3, 2018 S 297,462 S 319,864 $ 323,445 244,764 242,978 270,448 28,296 (1,160) 43,493 (33,779) (5,258) 41,941 42,453 36,239 400 (377,579) 6,401 94,202 37,826 (9,314) 37,959 9,957 16,215 (94,131) 10,980 125,632 21,372 7,964 27,730 (4,318) 712.755 (208) (71,751) (29,072) 124,628 13,597 (39,347) 101,712 1,636 404,612 746,310 (198,219) (474,347) (217,461) 49,103 40,387 CASH FLOWS FROM OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, amortization, and other Impairment of trademark Deferred income taxes Stock-based compensation Gain on sale of subsidiaries Changes in assets and liabilities: Accounts receivable Inventories Prepaid expenses and other assets Accounts payable Accrued expenses Income taxes payable / receivable Deferred construction allowances Deferred revenue and other liabilities Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures Proceeds from sales of other assets Proceeds from sale of subsidiaries, net of cash sold Acquisitions, net of cash acquired Deposits and purchases of other assets Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Revolving credit borrowings Revolving credit repayments Proceeds from term loan Payments on other long-term debt and finance lease obligations Proceeds from exercise of stock options Minimum tax withholding requirements Cash paid for treasury stock Cash dividends paid to stockholders Increase (decrease) in bank overdraft Net cash used in financing activities EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD CASH AND CASH EQUIVALENTS, END OF PERIOD Supplemental disclosure of cash flow information: Accrued property and equipment Cash paid during the fiscal year for interest Cash paid during the fiscal year for income taxes (1,300) (129,271) (8,957) (2,344) (485,648) (198,219) 2,263,550 (2,039,450) 1,875,400 (1,875,400) (5,242) (56,851) 5,565 (9,470) (402,240) (98,312) 17,548 (319,660) (5,428) (323,352) (89,273) (78,799) (502,094) (42) 12,400 101,253 113,653 2,742,800 (2,742,800) 62,492 (2,531) 16,558 (5,841) (284,583) (73,099) (37,236) (324,240) 54 (63,524) 164,777 101,253 (44,319) 113,653 $ 69,334 S S S S 18,937 S 32,746 16,362 123,698 S S $ 9,317 S 114,018 $ 29,834 8,598 185,798 S
