Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

v3.19.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Nov. 02, 2019
Nov. 03, 2018
Operating activities    
Net income $ 483,226 $ 443,885
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 219,207 207,652
Non-cash lease expense 219,220  
Deferred income taxes (8) (408)
Stock-based compensation expense 19,108 20,308
Loss on disposal of property and equipment 4,821 1,339
Change in operating assets and liabilities    
Receivables 5,812 (2,594)
Merchandise inventories (402,591) (388,141)
Prepaid expenses and other current assets (5,487) (19,603)
Income taxes (23,477) (34,906)
Accounts payable 190,977 248,719
Accrued liabilities 23,109 42,151
Deferred revenue (8,866) 1,963
Operating lease liabilities (198,181)  
Deferred rent   24,136
Other assets and liabilities 30,636 (2,287)
Net cash provided by operating activities 557,506 542,214
Investing activities    
Purchases of short-term investments (245,000) (386,193)
Proceeds from short-term investments 245,000 506,193
Purchases of property and equipment (241,136) (256,415)
Acquisitions, net of cash acquired   (13,606)
Purchases of equity investments (43,757)  
Net cash used in investing activities (284,893) (150,021)
Financing activities    
Repurchase of common shares (506,868) (379,423)
Stock options exercised 43,211 12,668
Purchase of treasury shares (9,364) (5,939)
Net cash used in financing activities (473,021) (372,694)
Net increase (decrease) in cash and cash equivalents (200,408) 19,499
Cash and cash equivalents at beginning of period 409,251 277,445
Cash and cash equivalents at end of period 208,843 296,944
Supplemental cash flow information    
Cash paid for income taxes (net of refunds) 126,719 168,087
Non-cash investing activities:    
Change in property and equipment included in accrued liabilities $ 6,797 $ 21,611