Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Apr. 30, 2022
May 01, 2021
Operating activities    
Net income $ 331,395 $ 230,289
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 62,839 70,599
Non-cash lease expense 72,192 68,881
Deferred income taxes 1,009 1,124
Stock-based compensation expense 10,356 8,978
Loss on disposal of property and equipment 1,002 1,089
Change in operating assets and liabilities:    
Receivables 40,928 38,767
Merchandise inventories (71,334) (185,350)
Prepaid expenses and other current assets (3,261) (991)
Income taxes 101,236 71,431
Accounts payable 42,586 76,580
Accrued liabilities (57,214) 23,209
Deferred revenue (28,885) (4,293)
Operating lease liabilities (79,936) (72,175)
Other assets and liabilities 3,390 1,929
Net cash provided by operating activities 426,303 330,067
Investing activities    
Capital expenditures (71,076) (34,563)
Other investments (797)  
Net cash used in investing activities (71,873) (34,563)
Financing activities    
Repurchase of common shares (132,834) (392,309)
Stock options exercised 6,502 5,032
Purchase of treasury shares (5,172) (6,766)
Net cash used in financing activities (131,504) (394,043)
Effect of exchange rate changes on cash and cash equivalents   (56)
Net increase (decrease) in cash and cash equivalents 222,926 (98,595)
Cash and cash equivalents at beginning of period 431,560 1,046,051
Cash and cash equivalents at end of period 654,486 947,456
Supplemental information    
Cash paid for interest 524 526
Income taxes paid, net of refunds 3,357 1,725
Non-cash capital expenditures $ 27,475 $ 22,825