Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Dollar Tree Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Net income (loss)	1,327,900)	1,341,900)	827,000)	(1,590,800)	1,714,300)	896,200)
Goodwill impairment	—)	—)	313,000)	2,727,000)	—)	—)
Receivable impairment	—)	—)	—)	—)	18,500)	—)
Depreciation and amortization	716,000)	686,600)	645,400)	621,100)	611,200)	637,500)
Provision for deferred income taxes	(23,200)	30,700)	9,100)	(12,100)	(473,500)	(124,100)
Stock-based compensation expense	79,900)	83,900)	61,400)	63,100)	65,700)	61,600)
Amortization of debt discount and debt-issuance costs	8,900)	4,000)	6,900)	57,200)	15,400)	55,200)
Other non-cash adjustments to net income (loss)	11,200)	19,000)	24,500)	7,800)	10,900)	9,400)
Loss on debt extinguishment	43,800)	—)	—)	114,700)	—)	—)
Merchandise inventories	(940,400)	97,100)	13,600)	(369,200)	(300,900)	21,900)
Other current assets	(49,900)	1,700)	(8,400)	(21,100)	(117,200)	117,200)
Other assets	(2,600)	(7,000)	8,200)	900)	2,600)	—)
Accounts payable	403,800)	142,600)	(79,800)	242,600)	54,500)	(133,800)
Income taxes payable	(3,700)	23,600)	2,700)	28,500)	(58,500)	77,100)
Other current liabilities	(36,500)	203,400)	24,300)	(105,400)	(22,700)	30,400)
Other liabilities	(98,200)	88,200)	(14,600)	1,700)	(10,100)	24,700)
Operating lease right-of-use assets and liabilities, net	(5,500)	600)	36,500)	—)	—)	—)
Changes in operating assets and liabilities	(733,000)	550,200)	(17,500)	(222,000)	(452,300)	137,500)
Adjustments to reconcile net income (loss) to net cash provided by operating activities	103,600)	1,374,400)	1,042,800)	3,356,800)	(204,100)	777,100)
Net cash provided by operating activities	1,431,500)	2,716,300)	1,869,800)	1,766,000)	1,510,200)	1,673,300)
Capital expenditures	(1,021,200)	(898,800)	(1,034,800)	(817,100)	(632,200)	(564,700)
Proceeds from governmental grant	2,900)	—)	16,500)	—)	—)	—)
Purchase of restricted investments	—)	—)	—)	—)	—)	(36,100)
Proceeds from (payments for) fixed asset disposition	(1,600)	9,100)	(1,900)	400)	300)	(900)
Proceeds from sale of unrestricted investments	—)	—)	—)	—)	4,000)	118,100)
Net cash used in investing activities	(1,019,900)	(889,700)	(1,020,200)	(816,700)	(627,900)	(483,600)
Proceeds from long-term debt, net of discount	1,197,400)	—)	—)	4,775,800)	—)	2,962,500)
Principal payments for long-term debt	(1,000,000)	(550,000)	(500,000)	(6,214,700)	(659,100)	(4,036,200)
Debt-issuance and debt extinguishment costs	(59,300)	—)	—)	(155,300)	—)	(6,100)
Proceeds from revolving credit facility	—)	750,000)	—)	50,000)	—)	140,000)
Repayments of revolving credit facility	—)	(750,000)	—)	(50,000)	—)	(140,000)
Proceeds from stock issued pursuant to stock-based compensation plans	17,800)	17,000)	15,200)	17,500)	35,000)	41,500)
Cash paid for taxes on exercises/vesting of stock-based compensation	(42,400)	(16,900)	(25,000)	(23,200)	(27,400)	(22,200)
Payments for repurchase of stock	(950,000)	(400,000)	(200,000)	—)	—)	—)
Net cash used in financing activities	(836,500)	(949,900)	(709,800)	(1,599,900)	(651,500)	(1,060,500)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(400)	900)	(500)	(500)	600)	1,100)
Net increase (decrease) in cash, cash equivalents and restricted cash	(425,300)	877,600)	139,300)	(651,100)	231,400)	130,300)
Cash, cash equivalents and restricted cash at beginning of year	1,463,600)	586,000)	446,700)	1,097,800)	866,400)	736,100)
Cash, cash equivalents and restricted cash at end of year	1,038,300)	1,463,600)	586,000)	446,700)	1,097,800)	866,400)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Dollar Tree Inc. net cash provided by operating activities increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Dollar Tree Inc. net cash used in investing activities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022 not reaching 2020 level.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Dollar Tree Inc. net cash used in financing activities decreased from 2020 to 2021 but then slightly increased from 2021 to 2022.

Dollar Tree Inc. (NASDAQ:DLTR)

Cash Flow Statement