Cash Flow Statement
Quarterly Data

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 (quarterly data)

US$ in thousands

3 months ended:	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019	Feb 2, 2019	Nov 3, 2018	Aug 4, 2018	May 5, 2018	Feb 3, 2018	Oct 28, 2017	Jul 29, 2017	Apr 29, 2017	Jan 28, 2017	Oct 29, 2016	Jul 30, 2016	Apr 30, 2016
Net income (loss)	266,900)	359,900)	536,400)	454,200)	216,800)	282,400)	374,500)	502,800)	330,000)	261,500)	247,600)	123,000)	255,800)	180,300)	267,900)	(2,307,000)	281,800)	273,900)	160,500)	1,040,100)	239,900)	233,800)	200,500)	321,800)	171,600)	170,100)	232,700)
Depreciation and amortization	189,000)	193,500)	188,900)	188,700)	178,500)	176,100)	172,700)	182,900)	170,100)	168,100)	165,500)	179,100)	160,000)	155,100)	151,200)	166,700)	150,400)	152,500)	151,500)	156,600)	149,400)	151,300)	153,900)	155,700)	157,600)	161,900)	162,300)
Provision for deferred income taxes	38,600)	4,500)	74,300)	(108,200)	67,700)	(4,700)	22,000)	(28,700)	35,800)	(29,100)	52,700)	(41,200)	41,300)	6,000)	3,000)	(25,900)	23,200)	(400)	(9,000)	(489,300)	22,600)	16,200)	(23,000)	(33,000)	(60,000)	(10,700)	(20,400)
Stock-based compensation expense	24,700)	30,300)	35,800)	16,800)	13,500)	17,800)	31,800)	13,400)	14,800)	23,100)	32,600)	8,900)	8,400)	13,600)	30,500)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Amortization of debt discount and debt-issuance costs	1,100)	1,200)	1,100)	4,000)	1,600)	1,700)	1,600)	900)	1,000)	1,000)	1,100)	2,000)	1,600)	1,700)	1,600)	3,500)	2,000)	2,000)	49,700)	3,400)	3,600)	4,800)	3,600)	15,700)	30,000)	4,800)	4,700)
Goodwill impairment	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	313,000)	—)	—)	—)	2,727,000)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Receivable impairment	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(35,000)	—)	2,600)	50,900)	—)	—)	—)	—)
Other non-cash adjustments to net income (loss)	7,600)	3,100)	15,700)	2,600)	2,600)	4,800)	1,200)	11,600)	3,700)	1,700)	2,000)	300)	6,900)	14,400)	2,900)	7,600)	14,200)	15,500)	33,600)	15,000)	12,400)	16,300)	32,900)	12,400)	15,500)	15,400)	27,700)
Loss on debt extinguishment	—)	—)	—)	43,800)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	114,700)	—)	—)	—)	—)	—)	—)	—)	—)
Changes in operating assets and liabilities	(314,400)	(610,400)	(313,700)	(189,100)	(198,100)	(298,200)	(47,600)	299,700)	(258,700)	51,700)	457,500)	270,200)	(303,500)	(141,200)	157,000)	143,200)	(189,500)	(62,300)	(113,400)	226,800)	(510,500)	(180,500)	11,900)	545,400)	(339,700)	27,800)	(96,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities	(53,400)	(377,800)	2,100)	(41,400)	65,800)	(102,500)	181,700)	479,800)	(33,300)	216,500)	711,400)	732,300)	(85,300)	49,600)	346,200)	3,022,100)	300)	107,300)	227,100)	(122,500)	(322,500)	10,700)	230,200)	696,200)	(196,600)	199,200)	78,300)
Net cash provided by operating activities	213,500)	(17,900)	538,500)	412,800)	282,600)	179,900)	556,200)	982,600)	296,700)	478,000)	959,000)	855,300)	170,500)	229,900)	614,100)	715,100)	282,100)	381,200)	387,600)	917,600)	(82,600)	244,500)	430,700)	1,018,000)	(25,000)	369,300)	311,000)
Capital expenditures	(391,200)	(276,200)	(253,400)	(271,600)	(295,600)	(229,100)	(224,900)	(191,800)	(238,700)	(232,500)	(235,800)	(252,500)	(279,800)	(293,300)	(209,200)	(194,400)	(228,400)	(213,400)	(180,900)	(182,800)	(177,700)	(161,400)	(110,300)	(113,200)	(95,600)	(180,000)	(175,900)
Proceeds from governmental grant	—)	—)	—)	—)	600)	—)	2,300)	—)	—)	—)	—)	—)	—)	—)	16,500)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Purchase of restricted investments	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(36,100)
Proceeds from sale of unrestricted investments	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	4,000)	—)	—)	—)	—)	—)	118,100)
Proceeds from (payments for) fixed asset disposition	(1,300)	(900)	(2,900)	(2,000)	200)	400)	(200)	9,600)	2,300)	(2,700)	(100)	1,000)	(200)	(3,000)	300)	(2,900)	3,700)	(200)	(200)	400)	(2,200)	(100)	2,200)	(2,100)	(300)	400)	1,100)
Net cash used in investing activities	(392,500)	(277,100)	(256,300)	(273,600)	(294,800)	(228,700)	(222,800)	(182,200)	(236,400)	(235,200)	(235,900)	(251,500)	(280,000)	(296,300)	(192,400)	(197,300)	(224,700)	(213,600)	(181,100)	(182,400)	(175,900)	(161,500)	(108,100)	(115,300)	(95,900)	(179,600)	(92,800)
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)	—)	—)	—)	(300,000)	—)	—)	(250,000)	(500,000)	—)	—)	—)	(782,000)	—)	—)	(5,432,700)	(48,300)	(41,500)	(541,500)	(27,800)	(777,700)	(3,204,500)	(33,200)	(20,800)
Debt-issuance and debt extinguishment costs	—)	—)	—)	(59,300)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(155,300)	—)	—)	—)	—)	—)	(5,400)	(700)	—)
Proceeds from revolving credit facility	440,000)	—)	—)	—)	—)	—)	—)	—)	—)	—)	750,000)	—)	—)	—)	—)	—)	—)	—)	50,000)	—)	—)	—)	—)	—)	140,000)	—)	—)
Repayments of revolving credit facility	(90,000)	—)	—)	—)	—)	—)	—)	—)	(500,000)	(250,000)	—)	—)	—)	—)	—)	—)	—)	—)	(50,000)	—)	—)	—)	—)	—)	(140,000)	—)	—)
Proceeds from stock issued pursuant to stock-based compensation plans	2,300)	1,900)	2,900)	8,800)	2,400)	2,600)	4,000)	2,700)	2,500)	2,100)	9,700)	2,900)	3,200)	3,300)	5,800)	3,300)	4,000)	5,600)	4,600)	10,600)	9,500)	3,100)	11,800)	8,200)	10,600)	8,300)	14,400)
Cash paid for taxes on exercises/vesting of stock-based compensation	(9,300)	(300)	(37,800)	(1,800)	(700)	(600)	(39,300)	(100)	(400)	(300)	(16,100)	(700)	(400)	(600)	(23,300)	(600)	(900)	(500)	(21,200)	(200)	(2,500)	(7,100)	(17,600)	(1,000)	(1,300)	(1,500)	(18,400)
Payments for repurchase of stock	(397,500)	(235,800)	(14,200)	—)	(2,500)	(706,200)	(241,300)	(205,800)	(194,200)	—)	—)	—)	(60,800)	(39,200)	(100,000)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Net cash provided by (used in) financing activities	(54,500)	(234,200)	(49,100)	145,100)	(800)	(704,200)	(276,600)	(503,200)	(692,100)	(248,200)	493,600)	(497,800)	(58,000)	(36,500)	(117,500)	(779,300)	3,100)	5,100)	(828,800)	(37,900)	(34,500)	(545,500)	(33,600)	(770,500)	(238,100)	(27,100)	(24,800)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(2,000)	(300)	500)	(800)	100)	(100)	400)	1,200)	(200)	600)	(700)	(300)	(500)	700)	(400)	(100)	500)	(600)	(300)	400)	(200)	900)	(500)	400)	(400)	900)	200)
Net increase (decrease) in cash, cash equivalents and restricted cash	(235,500)	(529,500)	233,600)	283,500)	(12,900)	(753,100)	57,200)	298,400)	(632,000)	(4,800)	1,216,000)	105,700)	(168,000)	(102,200)	303,800)	(261,600)	61,000)	172,100)	(622,600)	697,700)	(293,200)	(461,600)	288,500)	132,600)	(359,400)	163,500)	193,600)

Net income (loss): The net income demonstrates significant volatility across the periods, with generally positive values interrupted by a notable loss of -2.3 billion in February 2019. Following this, profits resumed and exhibited upward trends, with peaks reaching over 500 million in early 2021 and mid-2022, indicating recovery and growth phases.
Depreciation and amortization: Depreciation and amortization remain relatively stable, fluctuating moderately between approximately 150 million and 190 million, with a slight increasing tendency towards later periods, suggesting consistent capital asset utilization and amortization of intangibles.
Provision for deferred income taxes: The provision for deferred income taxes is inconsistent, with both positive and negative values, including a substantial negative adjustment of nearly -489 million in early 2018 and a large negative adjustment of -108 million in April 2022. These fluctuations indicate variable tax timing differences impacting reported earnings.
Stock-based compensation expense: This expense appears intermittently from early 2019 onward, with amounts ranging from about 8 million to 36 million. The expense shows some episodic spikes, implying varying stock compensation grants or accounting adjustments during these intervals.
Amortization of debt discount and debt-issuance costs: With some spikes, notably a 49.7 million amount in May 2018, this expense is generally stable but occasionally elevated, reflecting episodic financing activities and associated amortization.
Goodwill impairment: A major goodwill impairment occurred in November 2018 with an amount exceeding 2.7 billion, and a smaller impairment of 313 million in early 2020, signaling significant asset write-downs and possible restructuring or impairment events during these times.
Receivable impairment: Recorded only in a few periods around 2017, with a peak impairment of 50.9 million and some recoveries, evidencing occasional credit losses or adjustments related to receivables.
Other non-cash adjustments to net income (loss): This category varies broadly but generally remains positive, with amounts mostly between 1 million and 33 million, showing regular non-cash earnings adjustments affecting reported net income.
Loss on debt extinguishment: Reported notably in early 2018 with 114.7 million and again in October 2022 with 43.8 million, reflecting one-time costs related to debt refinancing or retirement activities during those periods.
Changes in operating assets and liabilities: Substantial swings are observed, ranging from large negative values such as -610 million in July 2022 to significant positive adjustments like 545 million in January 2017, indicating considerable working capital fluctuations impacting operating cash flows.
Adjustments to reconcile net income (loss) to net cash provided by operating activities: These adjustments display broad variability, often large and positive, peaking at over 3 billion in February 2019, likely driven by major non-cash charges such as goodwill impairment and working capital changes during that timeframe.
Net cash provided by operating activities: Operating cash flows are highly variable, with negative cash flow noted in several quarters (e.g., October 2016 and July 2022), but generally show recovery and strong positive inflows exceeding 900 million in several periods, indicating episodic operational performance swings but overall operational cash generation.
Capital expenditures: Consistently negative and substantial, capital expenditures generally range from approximately 110 million to 390 million per quarter, indicating ongoing and significant investments in property, plant, and equipment, with a trend toward higher spending in recent quarters.
Proceeds from governmental grant: Sparse and relatively low values are observed in a few periods, suggesting occasional government assistance or grants contributing marginally to cash inflows.
Purchase and sale of investments and fixed assets disposition: These activities are intermittent and generally modest, contributing minor positive or negative cash impacts, reflecting routine investment portfolio and asset management transactions.
Net cash used in investing activities: Investing cash flows consistently show outflows, reflecting ongoing capital expenditure commitments and investment activities, ranging mostly from around -90 million to nearly -400 million per quarter, with an increasing outflow trend in later periods.
Long-term debt activities: Substantial long-term debt issuances occur in February 2017 and February 2018, with proceeds of approximately 2.9 billion and 4.8 billion respectively, offset by significant repayments in other periods, indicating active debt financing and refinancing strategies.
Revolving credit facility activities: Utilizations and repayments fluctuate, with notable borrowings such as 750 million in August 2021 and repayments up to 500 million in other quarters, reflecting short-term liquidity management practices.
Proceeds from stock issued and stock-based compensation related cash flows: Issuance proceeds from stock-based compensation plans occur regularly but at relatively low magnitudes compared to other cash flows, partially offset by tax payments related to stock compensation exercises, indicating moderate influence on financing cash flow.
Payments for repurchase of stock: Significant stock repurchase activities occur predominantly from late 2018 through 2021, with amounts peaking at over 700 million in the first quarter of 2020, reflecting an aggressive share buyback program during this period.
Net cash provided by (used in) financing activities: The financing cash flows exhibit large negative values in multiple periods, highlighting heavy debt repayments and share buybacks, with occasional positive inflows due to debt issuances or stock issuance. The variability underscores dynamic capital structure management.
Effect of exchange rate changes on cash: Exchange rate effects are minimal and mostly fluctuate around zero, indicating limited impact of foreign currency on cash balances.
Net increase (decrease) in cash, cash equivalents, and restricted cash: The net cash position experiences marked volatility, with some quarters showing very large increases (e.g., over 1.2 billion in May 2020) and others showing substantial decreases (e.g., -753 million in July 2021), reflecting the combined impact of the company's operational, investing, and financing activities.

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Dollar Tree Inc. (NASDAQ:DLTR)

Cash Flow Statement Quarterly Data

Cash Flow Statement
Quarterly Data