| Feb'20 | Feb'19 | Feb'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
Net income (loss) | |||||||||
220,375 | 135,731 | -2,599 | 5,401 | 91,103 | 91,002 | 18,195 | -12,789 | 20,588 | -7,051 |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
100,739 | 91,372 | 83,176 | 56,995 | 44,595 | 34,463 | 27,654 | 26,748 | 29,186 | 31,263 |
Non-cash operating lease cost | |||||||||
65,195 | 68,612 | 75,610 | - | - | - | - | - | - | - |
Asset impairments | |||||||||
15,168 | 6,533 | 8,876 | - | - | - | - | - | - | - |
Goodwill and tradename impairment | |||||||||
- | 32,086 | 33,700 | - | - | - | - | - | - | - |
Asset held for sale loss (gain) | |||||||||
1,529 | -8,497 | - | - | - | - | - | - | - | - |
Amortization of debt discount | |||||||||
46,245 | 41,868 | 30,457 | 28,822 | 22,114 | 7,969 | - | - | - | - |
Accretion of debt discount upon settlement of debt | |||||||||
70,482 | - | - | - | - | - | - | - | - | - |
Excess tax shortfall from exercise of stock options | |||||||||
- | - | - | -3,288 | 10,443 | 16,421 | 3,685 | - | - | - |
Impairment of property and equipment | |||||||||
- | - | - | - | - | - | - | - | - | 2,115 |
Stock-based compensation expense | |||||||||
21,800 | 24,000 | 50,700 | 29,214 | 24,223 | 17,072 | 67,622 | 116,183 | 1,557 | 1,119 |
Non-cash finance lease interest expense | |||||||||
22,608 | 16,785 | 11,154 | - | - | - | - | - | - | - |
Product recalls | |||||||||
3,517 | -6,874 | -7,707 | 4,615 | - | - | - | - | - | - |
Assets impairments and lease losses | |||||||||
- | - | - | 17,137 | - | - | - | - | - | - |
Net non-cash charges resulting from inventory step-up | |||||||||
- | 380 | 2,527 | 6,835 | - | - | - | - | - | - |
Loss on disposal of property and equipment | |||||||||
- | - | - | - | - | - | - | - | -674 | 0 |
Impairments | |||||||||
- | - | - | - | - | 0 | 1,385 | 0 | 0 | - |
Amortization of purchase premiums and accretion of purchase discount-net | |||||||||
- | - | 99 | -1,022 | -1,166 | - | - | - | - | - |
Release of valuation allowance | |||||||||
- | - | - | - | - | - | - | 57,185 | -299 | 0 |
Deferred income taxes | |||||||||
-7,709 | -5,018 | 3,733 | -221 | -6,011 | 2,693 | 5,602 | -4,686 | 4,299 | -427 |
Loss on extinguishment of debt-net | |||||||||
-6,472 | -917 | -4,880 | - | - | - | - | - | - | - |
Other non-cash interest expense | |||||||||
4,334 | 3,639 | 4,768 | 3,121 | 2,473 | 1,342 | 671 | 863 | 573 | - |
Amortization of deferred financing fees and debt issuance costs | |||||||||
- | - | - | - | - | - | - | - | - | 193 |
Change in assets and liabilities: | |||||||||
Accounts receivable | |||||||||
7,309 | 8,583 | -2,458 | -588 | 2,629 | 3,991 | 4,995 | 5,282 | 7,280 | -68 |
Merchandise inventories | |||||||||
-93,266 | 7,399 | -220,767 | 4,304 | 166,505 | 106,036 | 100,937 | 107,454 | 39,475 | 57,103 |
Prepaid expense and other assets | |||||||||
-28,404 | 88,434 | -27,920 | 35,222 | -10,817 | -9,093 | 22,819 | 24,454 | 36,371 | 1,477 |
Landlord assets under construction-net of tenant allowances | |||||||||
64,300 | 59,001 | 81,065 | - | - | - | - | - | - | - |
Other current assets | |||||||||
- | - | - | - | - | - | 3,129 | - | - | - |
Other assets | |||||||||
- | - | - | - | - | - | - | 371 | 573 | 797 |
Accounts payable and accrued expenses | |||||||||
7,445 | 10,148 | 65,105 | -50,307 | 29,196 | 22,222 | 57,318 | 36,154 | 14,374 | 5,475 |
Deferred revenue and customer deposits | |||||||||
9,799 | 8,413 | 3,366 | 23,977 | 33,213 | 19,955 | 8,750 | 16,224 | 11,418 | 2,503 |
Other current liabilities | |||||||||
-45,767 | 51,214 | 5,008 | -23,820 | 39,580 | -3,131 | 28,883 | 2,689 | 3,915 | 3,395 |
Current and non-current operating lease liability | |||||||||
-77,004 | -70,875 | -70,541 | - | - | - | - | - | - | - |
Deferred rent and lease incentives | |||||||||
- | - | - | 4,662 | 13,597 | 3,574 | 7,196 | 10,923 | 1,732 | 8,638 |
Other non-current obligations | |||||||||
-25,077 | -18,139 | -13,310 | 8,709 | 215 | -563 | -190 | -1,427 | 154 | 276 |
Net cash provided by operating activities | |||||||||
339,188 | 249,603 | 474,505 | 80,512 | 126,704 | 79,243 | 87,521 | -3,864 | 17,121 | -11,810 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Capital expenditures | |||||||||
93,623 | 79,992 | 68,393 | 170,031 | 119,461 | 110,359 | 93,868 | 49,058 | 25,593 | 39,907 |
Deposits on asset under construction | |||||||||
53,000 | - | - | - | - | - | - | - | - | - |
Proceeds from sale of assets | |||||||||
24,078 | - | 15,123 | - | - | - | - | - | - | - |
Acquisition of buildings and land | |||||||||
- | - | - | - | 13,999 | - | - | - | - | - |
Construction related deposits | |||||||||
- | - | - | - | 20,049 | 9,250 | - | - | - | - |
Purchase of trademarks and domain names | |||||||||
- | - | - | 322 | 339 | 453 | - | 310 | - | 0 |
Purchase of investments | |||||||||
- | - | 16,109 | 248,485 | 217,379 | 91,604 | - | - | - | - |
Maturities of investments | |||||||||
- | - | 46,890 | 187,338 | 143,830 | 11,118 | - | - | - | - |
Sales of investments | |||||||||
- | - | 145,020 | 37,096 | - | - | - | - | - | - |
Acquisition of business—net of cash acquired | |||||||||
- | - | - | 116,100 | - | - | - | - | - | - |
Net cash provided by (used in) investing activities | |||||||||
-122,545 | -79,992 | 122,531 | -310,504 | -227,397 | -200,548 | -93,868 | -49,368 | -25,593 | -39,907 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Borrowings under promissory and equipment security notes | |||||||||
122,000 | - | 34,000 | - | - | - | - | - | - | - |
Repayments under promissory and equipment security notes | |||||||||
16,520 | 31,974 | 2,319 | - | - | - | - | - | - | - |
Debt issuance costs | |||||||||
4,636 | - | 8,298 | - | 2,382 | 5,385 | - | 426 | 2,835 | 0 |
Gross borrowings under revolving line of credit | |||||||||
- | - | - | - | - | 749,945 | 1,670,876 | 1,344,468 | 1,007,330 | 875,936 |
Gross repayments under revolving line of credit | |||||||||
- | - | - | - | - | 835,370 | -1,667,952 | -1,369,469 | -1,011,937 | -821,734 |
Proceeds from issuance of term loan | |||||||||
- | - | - | - | - | - | - | - | 15,000 | 0 |
Repayment of term loan | |||||||||
- | - | - | - | - | - | - | 15,000 | - | 0 |
Revolving line of credit deferred financing fees | |||||||||
- | - | - | - | - | 2,133 | - | - | - | - |
Proceeds from issuance of convertible senior notes | |||||||||
350,000 | 335,000 | - | - | 296,250 | 350,000 | - | - | - | - |
Proceeds from issuance of warrants | |||||||||
50,225 | 51,021 | - | - | 30,390 | 40,390 | - | - | - | - |
Purchase of convertible note hedges | |||||||||
91,350 | 91,857 | - | - | 68,250 | 73,325 | - | - | - | - |
Principal payments under finance leases | |||||||||
9,682 | 6,885 | 6,105 | - | - | - | - | - | - | - |
Repurchases of common stock-including commissions | |||||||||
250,032 | 250,000 | 1,000,326 | - | - | - | - | - | - | - |
Proceeds from exercise of stock options | |||||||||
27,138 | 44,024 | 24,896 | 3,261 | 25,606 | 16,400 | 7,629 | - | - | - |
Excess tax shortfall from exercise of stock options | |||||||||
- | - | - | -3,288 | 10,443 | 16,421 | 3,685 | - | - | - |
Tax withholdings related to issuance of stock-based awards | |||||||||
7,069 | 9,502 | 5,759 | 1,603 | 5,027 | 3,116 | 178 | - | - | - |
Borrowings under build-to-suit lease transactions | |||||||||
- | - | - | - | - | 1,776 | - | - | - | - |
Payments on capital leases | |||||||||
- | - | - | - | - | - | 2,555 | 4,214 | 4,188 | 2,601 |
Other financing activities | |||||||||
- | - | - | -611 | -248 | -1,803 | - | - | - | - |
Capitalization of Restoration Hardware Holdings, Inc. | |||||||||
- | - | - | - | - | - | - | - | 1 | - |
Proceeds from issuance of common stock-net of issuance costs | |||||||||
- | - | - | - | - | - | - | 97,693 | - | 0 |
Net cash used in financing activities | |||||||||
-174,804 | -188,992 | -686,941 | -2,241 | 286,782 | 253,800 | 11,505 | 53,052 | 3,371 | 51,601 |
Effects of foreign currency exchange rate translation | |||||||||
16 | -130 | 152 | 449 | -308 | -198 | -123 | 22 | 249 | 294 |
Net increase (decrease) in cash and cash equivalents and restricted cash equivalents | |||||||||
41,855 | -19,511 | -89,753 | -231,784 | 185,781 | 132,297 | 5,035 | -158 | -4,852 | 178 |
Cash and cash equivalents and restricted cash equivalents | |||||||||
Cash paid for interest | |||||||||
43,278 | 31,154 | 28,180 | 16,615 | 13,369 | 8,611 | 5,038 | 5,382 | 3,737 | 2,068 |
Cash paid for taxes | |||||||||
40,126 | 41,289 | 4,025 | 48,464 | 29,135 | 60,121 | 1,521 | 1,861 | 1,697 | 744 |
Non-cash transactions: | |||||||||
Property and equipment reduction due to effected sale leaseback | |||||||||
- | - | - | - | -74,855 | - | - | - | - | - |
Property and equipment additions in accounts payable and accrued expenses at period-end | |||||||||
5,161 | 7,837 | 7,640 | 9,201 | 12,108 | 10,875 | 4,204 | 3,505 | 645 | 454 |
Landlord asset additions in accounts payable and accrued expenses at period-end | |||||||||
19,640 | 12,142 | 17,543 | - | - | - | - | - | - | - |
Landlord asset additions from unpaid construction related deposits | |||||||||
195 | 2,807 | 5,091 | - | - | - | - | - | - | - |
Reclassification of assets from landlord assets under construction to finance lease right-of-use assets | |||||||||
19,503 | 79,685 | 57,990 | - | - | - | - | - | - | - |
Property and equipment additions due to build-to-suit lease transactions | |||||||||
- | - | - | 55,991 | 96,323 | 89,829 | 33,494 | - | - | - |
Property and equipment additions from unpaid construction related deposits | |||||||||
- | - | - | 3,807 | 13,915 | - | - | - | - | - |
Property and equipment acquired under capital lease | |||||||||
- | - | - | 16 | 88 | 38 | 238 | - | 7,770 | 3,550 |
Building acquired under capital lease | |||||||||
- | - | - | - | - | 6,798 | - | - | - | - |
Issuance of non-current notes payable related to share repurchases from former employees | |||||||||
- | 243 | - | - | 238 | 16,575 | 2,710 | - | - | - |
Asset based credit facility | |||||||||
Borrowings | |||||||||
322,500 | 866,500 | 600,000 | - | - | - | - | - | - | - |
Repayments | |||||||||
380,000 | 1,008,970 | 400,030 | - | - | - | - | - | - | - |
Term Loan | |||||||||
Borrowings | |||||||||
320,000 | - | 180,000 | - | - | - | - | - | - | - |
Repayments | |||||||||
324,000 | 80,000 | 103,000 | - | - | - | - | - | - | - |
Convertible Senior Notes | |||||||||
Debt issuance costs | |||||||||
4,818 | 6,349 | - | - | - | - | - | - | - | - |
Repayments of convertible senior notes | |||||||||
278,560 | - | - | - | - | - | - | - | - | - |
Trademarks and Domain Names [Member] | |||||||||
Property and equipment additions in accounts payable and accrued expenses at period-end | |||||||||
- | - | - | - | 107 | - | - | - | - | - |