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
9 Months Ended
Oct. 31, 2020
Nov. 02, 2019
Cash flows from operating activities:    
Net cash provided by operating activities $ 712,860 $ 106,367
Cash flows used in investing activities:    
Additions to property and equipment (79,545) (89,632)
Proceeds from sale of building 875  
Net cash used in investing activities (78,670) (89,632)
Cash flows from financing activities:    
Payment of debt refinancing costs (24,267) (8,158)
Other financing activities (118)  
Net cash used in financing activities (192,158) (144,235)
Net change in cash and equivalents 442,032 (127,500)
Cash and equivalents at beginning of period 409,964 245,887
Cash and equivalents at end of period 851,996 118,387
Michaels Stores [Member]    
Cash flows from operating activities:    
Net cash provided by operating activities 711,860 104,014
Cash flows used in investing activities:    
Additions to property and equipment (79,545) (89,632)
Proceeds from sale of building 875  
Net cash used in investing activities (78,670) (89,632)
Cash flows from financing activities:    
Net repayments of debt (1,141,775) (539,775)
Net borrowings of debt 975,000 511,100
Payment of debt refinancing costs (24,267) (8,158)
Payment of dividend to Michaels Funding, Inc.   (105,060)
Other financing activities (118)  
Net cash used in financing activities (191,160) (141,893)
Net change in cash and equivalents 442,030 (127,511)
Cash and equivalents at beginning of period 409,173 245,108
Cash and equivalents at end of period $ 851,203 $ 117,597