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
 6 Months Ended
Jul. 30, 2022
Jul. 31, 2021
Operating activities    
Net income $ 627,072 $ 481,182
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 123,721 139,577
Non-cash lease expense 146,251 137,521
Deferred income taxes 336 (824)
Stock-based compensation expense 22,875 19,097
Loss on disposal of property and equipment 2,277 1,703
Change in operating assets and liabilities:    
Receivables 53,168 38,693
Merchandise inventories (166,912) (275,470)
Prepaid expenses and other current assets (12,200) (741)
Income taxes (45,906) (61,074)
Accounts payable 40,051 59,360
Accrued liabilities (49,364) 17,858
Deferred revenue (37,008) (8,921)
Operating lease liabilities (163,302) (146,892)
Other assets and liabilities (392) 344
Net cash provided by operating activities 540,667 401,413
Investing activities    
Capital expenditures (120,500) (57,305)
Other investments (1,249)  
Net cash used in investing activities (121,749) (57,305)
Financing activities    
Repurchase of common shares (434,448) (635,793)
Stock options exercised 24,521 22,808
Purchase of treasury shares (6,325) (6,974)
Net cash used in financing activities (416,252) (619,959)
Effect of exchange rate changes on cash and cash equivalents   (56)
Net increase (decrease) in cash and cash equivalents 2,666 (275,907)
Cash and cash equivalents at beginning of period 431,560 1,046,051
Cash and cash equivalents at end of period 434,226 770,144
Supplemental information    
Cash paid for interest 1,057 1,057
Income taxes paid, net of refunds 246,641 216,831
Non-cash capital expenditures $ 42,451 $ 18,511