v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2021
Aug. 01, 2020
Operating activities    
Net income (loss) $ 481,182 $ (70,457)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 139,577 154,029
Non-cash lease expense 137,521 132,808
Long-lived asset impairment charge 0 59,997
Deferred income taxes (824) 4,905
Stock-based compensation expense 19,097 14,595
Loss on disposal of property and equipment 1,703 2,273
Change in operating assets and liabilities:    
Receivables 38,693 11,345
Merchandise inventories (275,470) (74,842)
Prepaid expenses and other current assets (741) 854
Income taxes (61,074) (26,235)
Accounts payable 59,360 (18,486)
Accrued liabilities 17,858 (32,901)
Deferred revenue (8,921) (20,990)
Operating lease liabilities (146,892) (137,383)
Other assets and liabilities 344 16,477
Net cash provided by operating activities 401,413 15,989
Investing activities    
Proceeds from short-term investments   110,000
Capital expenditures (57,305) (77,090)
Acquisitions, net of cash acquired   (1,220)
Purchases of equity investments   (5,386)
Net cash provided by (used in) investing activities (57,305) 26,304
Financing activities    
Proceeds from long-term debt   800,000
Repurchase of common shares (635,793) (72,981)
Stock options exercised 22,808 577
Purchase of treasury shares (6,974) (3,065)
Debt issuance costs   (1,861)
Net cash provided by (used in) financing activities (619,959) 722,670
Effect of exchange rate changes on cash and cash equivalents (56) 30
Net increase (decrease) in cash and cash equivalents (275,907) 764,993
Cash and cash equivalents at beginning of period 1,046,051 392,325
Cash and cash equivalents at end of period 770,144 1,157,318
Supplemental information    
Cash paid for interest 1,057 3,132
Income taxes paid, net of refunds 216,831 2,287
Non-cash capital expenditures $ 18,511 $ 19,176

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