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
 9 Months Ended
Oct. 29, 2022
Oct. 30, 2021
Operating activities    
Net income $ 901,657 $ 696,471
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 182,182 204,734
Non-cash lease expense 222,548 206,017
Deferred income taxes (1,066) 1,908
Stock-based compensation expense 32,554 38,217
Loss on disposal of property and equipment 3,892 3,357
Change in operating assets and liabilities:    
Receivables 33,378 23,897
Merchandise inventories (615,451) (748,128)
Prepaid expenses and other current assets (26,828) 1,818
Income taxes (49,446) (80,027)
Accounts payable 94,214 266,104
Accrued liabilities 64,164 24,482
Deferred revenue (41,447) (1,755)
Operating lease liabilities (246,988) (222,451)
Other assets and liabilities 20,063 213
Net cash provided by operating activities 573,426 414,857
Investing activities    
Capital expenditures (203,961) (108,418)
Other investments (3,068)  
Net cash used in investing activities (207,029) (108,418)
Financing activities    
Repurchase of common shares (571,908) (762,167)
Stock options exercised 31,319 30,297
Purchase of treasury shares (6,740) (15,511)
Net cash used in financing activities (547,329) (747,381)
Effect of exchange rate changes on cash and cash equivalents   (56)
Net decrease in cash and cash equivalents (180,932) (440,998)
Cash and cash equivalents at beginning of period 431,560 1,046,051
Cash and cash equivalents at end of period 250,628 605,053
Supplemental information    
Cash paid for interest 1,598 1,594
Income taxes paid, net of refunds 339,290 301,312
Non-cash capital expenditures $ 33,982 $ 13,148