v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
May 03, 2025
May 04, 2024
Operating activities    
Net income $ 305,052 $ 313,113
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 72,033 64,739
Non-cash lease expense 91,105 77,938
Deferred income taxes 3,420 3,635
Stock-based compensation expense 11,418 10,082
Loss on disposal of property and equipment 892 2,975
Equity net loss of affiliate (628)  
Change in operating assets and liabilities:    
Receivables (1,812) 4,476
Merchandise inventories (153,305) (163,904)
Prepaid expenses and other current assets (9,283) (10,931)
Income taxes 88,934 85,652
Accounts payable (24,920) (74,069)
Accrued liabilities (32,716) (43,846)
Deferred revenue (37,742) (37,862)
Operating lease liabilities (88,100) (83,500)
Other assets and liabilities (5,583) 10,842
Net cash provided by operating activities 220,021 159,340
Investing activities    
Capital expenditures (79,031) (91,024)
Other investments (7,346) (2,563)
Net cash used in investing activities (86,377) (93,587)
Financing activities    
Repurchase of common shares (369,786) (289,431)
Stock options exercised 481 8,913
Purchase of treasury shares (12,911) (23,283)
Debt issuance costs   (3,950)
Net cash used in financing activities (382,216) (307,751)
Net decrease in cash and cash equivalents (248,572) (241,998)
Cash and cash equivalents at beginning of period 703,201 766,594
Cash and cash equivalents at end of period 454,629 524,596
Supplemental information    
Income taxes paid, net of refunds 7,016 5,057
Non-cash investing and financing activities:    
Non-cash capital expenditures 28,370 $ 51,695
Repurchase of common shares in accrued liabilities $ 3,913  

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