Annual report pursuant to Section 13 and 15(d)

CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Statements of Cash Flows) (Details)

v3.20.1
CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Statements of Cash Flows) (Details) - USD ($)
$ in Thousands
12 Months Ended
Feb. 01, 2020
Feb. 02, 2019
Feb. 03, 2018
Cash flows from operating activities:      
Net cash provided by operating activities $ 493,175 $ 444,256 $ 523,610
Cash flows used in investing activities:      
Additions to property and equipment (120,545) (145,387) (127,830)
Acquisition of intangible assets (58,000)    
Net cash used in investing activities (178,545) (145,387) (127,830)
Cash flows from financing activities:      
Payment of debt refinancing costs (8,162) (1,117)  
Net cash used in financing activities (150,553) (478,878) (268,697)
Net change in cash and equivalents 164,077 (180,009) 127,083
Cash and equivalents at beginning of period 245,887 425,896 298,813
Cash and equivalents at end of period 409,964 245,887 425,896
Michaels Stores [Member]      
Cash flows from operating activities:      
Net cash provided by operating activities 490,732 443,275 535,544
Cash flows used in investing activities:      
Additions to property and equipment (120,545) (145,387) (127,830)
Acquisition of intangible assets (58,000)    
Net cash used in investing activities (178,545) (145,387) (127,830)
Cash flows from financing activities:      
Net repayments of debt (558,100) (380,300) (413,325)
Net borrowings of debt 523,200 355,400 382,200
Payment of dividend to Michaels Funding, Inc. (105,060) (451,892) (245,514)
Other financing activities (8,162) (1,117)  
Net cash used in financing activities (148,122) (477,909) (276,639)
Net change in cash and equivalents 164,065 (180,021) 131,075
Cash and equivalents at beginning of period 245,108 425,129 294,054
Cash and equivalents at end of period $ 409,173 $ 245,108 $ 425,129