Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Reported Income

RH, adjusted current assets

US$ in thousands

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
As Reported
Current assets	2,512,664)	3,091,442)	801,484)	596,952)	682,693)	644,930)
Adjustments
Add: Allowance for expected credit losses	3,400)	3,600)	3,300)	2,200)	1,900)	1,800)
After Adjustment
Adjusted current assets	2,516,064)	3,095,042)	804,784)	599,152)	684,593)	646,730)

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).

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RH, adjusted total assets

US$ in thousands

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
As Reported
Total assets	5,309,289)	5,540,470)	2,898,313)	2,445,694)	1,806,034)	1,732,866)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	364,304)	380,773)
Add: Allowance for expected credit losses	3,400)	3,600)	3,300)	2,200)	1,900)	1,800)
Less: Non-current deferred tax assets, net²	167,039)	56,843)	49,924)	45,005)	30,033)	23,311)
After Adjustment
Adjusted total assets	5,145,650)	5,487,227)	2,851,689)	2,402,889)	2,142,205)	2,092,128)

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Non-current deferred tax assets, net. See details »

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RH, adjusted total liabilities

US$ in thousands

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
As Reported
Total liabilities	4,524,628)	4,370,193)	2,451,287)	2,427,043)	1,828,996)	1,740,202)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	364,304)	380,773)
Less: Non-current deferred tax liabilities²	6,315)	—)	—)	—)	—)	—)
After Adjustment
Adjusted total liabilities	4,518,313)	4,370,193)	2,451,287)	2,427,043)	2,193,300)	2,120,975)

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Non-current deferred tax liabilities. See details »

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RH, adjusted stockholders’ equity (deficit)

US$ in thousands

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
As Reported
Stockholders’ equity (deficit)	784,661)	1,170,277)	447,026)	18,651)	(22,962)	(7,336)
Adjustments
Less: Non-current deferred tax assets (liabilities), net¹	160,724)	56,843)	49,924)	45,005)	30,033)	23,311)
Add: Allowance for expected credit losses	3,400)	3,600)	3,300)	2,200)	1,900)	1,800)
After Adjustment
Adjusted stockholders’ equity (deficit)	627,337)	1,117,034)	400,402)	(24,154)	(51,095)	(28,847)

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).

¹ Non-current deferred tax assets (liabilities), net. See details »

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RH, adjusted capitalization table

US$ in thousands

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
As Reported
Convertible senior notes due 2024, net	—)	3,600)	—)	—)	—)	—)
Convertible senior notes due 2023, net	1,696)	9,389)	2,354)	—)	—)	—)
Convertible senior notes due 2020, net	—)	—)	—)	290,532)	—)	—)
Convertible senior notes due 2019, net	—)	—)	—)	—)	343,789)	—)
Current portion of term loans	25,000)	20,000)	—)	—)	—)	—)
Current finance lease liabilities	17,007)	15,511)	14,671)	9,188)	1,074)	471)
Current portion of equipment promissory notes	1,160)	13,625)	22,747)	22,009)	892)	6,033)
Asset based credit facility	—)	—)	—)	—)	57,500)	199,970)
Term loan B, net	1,936,529)	1,953,203)	—)	—)	—)	—)
Term loan B-2, net	469,245)	—)	—)	—)	—)	—)
Term loan, net	—)	—)	—)	—)	—)	79,499)
Real estate loans	17,909)	—)	—)	—)	—)	—)
Convertible senior notes due 2024, net	41,724)	184,461)	281,454)	264,982)	—)	—)
Convertible senior notes due 2023, net	—)	59,002)	282,956)	266,658)	249,151)	—)
Convertible senior notes due 2020, net	—)	—)	—)	—)	271,157)	252,994)
Convertible senior notes due 2019, net	—)	—)	—)	—)	—)	327,731)
Non-current finance lease liabilities	653,050)	560,550)	485,481)	442,988)	7,720)	7,509)
Non-current portion of equipment promissory notes, net	—)	1,129)	14,614)	31,053)	—)	—)
Total reported debt	3,163,320)	2,820,470)	1,104,277)	1,327,410)	931,283)	874,207)
Stockholders’ equity (deficit)	784,661)	1,170,277)	447,026)	18,651)	(22,962)	(7,336)
Total reported capital	3,947,981)	3,990,747)	1,551,303)	1,346,061)	908,321)	866,871)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	364,304)	380,773)
Add: Current operating lease liabilities²	80,384)	73,834)	71,524)	58,924)	—)	—)
Add: Non-current operating lease liabilities³	505,809)	540,513)	448,169)	409,930)	—)	—)
Adjusted total debt	3,749,513)	3,434,817)	1,623,970)	1,796,264)	1,295,587)	1,254,980)
Adjustments to Equity
Less: Non-current deferred tax assets (liabilities), net⁴	160,724)	56,843)	49,924)	45,005)	30,033)	23,311)
Add: Allowance for expected credit losses	3,400)	3,600)	3,300)	2,200)	1,900)	1,800)
Adjusted stockholders’ equity (deficit)	627,337)	1,117,034)	400,402)	(24,154)	(51,095)	(28,847)
After Adjustment
Adjusted total capital	4,376,850)	4,551,851)	2,024,372)	1,772,110)	1,244,492)	1,226,133)

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities. See details »

³ Non-current operating lease liabilities. See details »

⁴ Non-current deferred tax assets (liabilities), net. See details »

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RH, adjusted net income

US$ in thousands

12 months ended:	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
As Reported
Net income	528,642)	688,546)	271,815)	220,375)	150,639)	2,180)
Adjustments
Add: Deferred income tax expense (benefit)¹	(92,610)	(6,921)	(4,920)	(8,387)	(1,043)	5,684)
Add: Increase (decrease) in allowance for expected credit losses	(200)	300)	1,100)	300)	100)	(600)
Add: Other comprehensive income (loss)	(993)	(3,975)	5,325)	(426)	(2,162)	1,521)
After Adjustment
Adjusted net income	434,839)	677,950)	273,320)	211,862)	147,534)	8,785)

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).

¹ Deferred income tax expense (benefit). See details »

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RH (NYSE:RH)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Reported Income