Annual report pursuant to Section 13 and 15(d)

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

v3.20.4
CONDENSED CONSOLIDATED FINANCIAL INFORMATION (Statements of Cash Flows) (Details) - USD ($)
$ in Thousands
12 Months Ended
Jan. 30, 2021
Feb. 01, 2020
Feb. 02, 2019
Cash flows from operating activities:      
Net cash provided by operating activities $ 1,222,436 $ 493,175 $ 444,256
Cash flows used in investing activities:      
Additions to property and equipment (162,004) (120,545) (145,387)
Proceeds from sale of building 875    
Acquisition of intangible assets   (58,000)  
Net cash used in investing activities (161,129) (178,545) (145,387)
Cash flows from financing activities:      
Payment of debt refinancing costs (26,812) (8,162) (1,117)
Other financing activities (475)    
Net cash used in financing activities (276,882) (150,553) (478,878)
Net change in cash and equivalents 784,425 164,077 (180,009)
Cash and equivalents at beginning of period 409,964 245,887 425,896
Cash and equivalents at end of period 1,194,389 409,964 245,887
Michaels Stores [Member]      
Cash flows from operating activities:      
Net cash provided by operating activities 1,231,022 490,732 443,275
Cash flows used in investing activities:      
Additions to property and equipment (162,004) (120,545) (145,387)
Proceeds from sale of building 875    
Acquisition of intangible assets   (58,000)  
Net cash used in investing activities (161,129) (178,545) (145,387)
Cash flows from financing activities:      
Net repayments of debt (1,145,950) (558,100) (380,300)
Net borrowings of debt 975,000 523,200 355,400
Payment of dividend to Michaels Funding, Inc. (87,232) (105,060) (451,892)
Payment of debt refinancing costs (26,812) (8,162) (1,117)
Other financing activities (475)    
Net cash used in financing activities (285,469) (148,122) (477,909)
Net change in cash and equivalents 784,424 164,065 (180,021)
Cash and equivalents at beginning of period 409,173 245,108 425,129
Cash and equivalents at end of period $ 1,193,597 $ 409,173 $ 245,108