Quarterly report pursuant to Section 13 or 15(d)

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

v3.20.2
CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Statements of Cash Flows) (Details) - USD ($)
$ in Thousands
6 Months Ended
Aug. 01, 2020
Aug. 03, 2019
Cash flows from operating activities:    
Net cash provided by operating activities $ 299,749 $ (2,108)
Cash flows used in investing activities:    
Additions to property and equipment (46,449) (57,533)
Proceeds from sale of building 875  
Net cash used in investing activities (45,574) (57,533)
Cash flows from financing activities:    
Payment of debt refinancing costs   (6,032)
Net cash provided by (used in) financing activities (13,021) (55,265)
Net change in cash and equivalents 241,154 (114,906)
Cash and equivalents at beginning of period 409,964 245,887
Cash and equivalents at end of period 651,118 130,981
Michaels Stores [Member]    
Cash flows from operating activities:    
Net cash provided by operating activities 299,175 (3,839)
Cash flows used in investing activities:    
Additions to property and equipment (46,449) (57,533)
Proceeds from sale of building 875  
Net cash used in investing activities (45,574) (57,533)
Cash flows from financing activities:    
Net repayments of debt (612,450) (522,450)
Net borrowings of debt 600,000 500,000
Payment of debt refinancing costs   (6,032)
Payment of dividend to Michaels Funding, Inc.   (25,060)
Net cash provided by (used in) financing activities (12,450) (53,542)
Net change in cash and equivalents 241,151 (114,914)
Cash and equivalents at beginning of period 409,173 245,108
Cash and equivalents at end of period $ 650,324 $ 130,194